WePower Offers an Incentivized Approach to Renewable Energy Production

WePower is an eco-friendly blockchain project that seeks to increase the use of renewable energy by creating a token-based platform on which energy traders can raise capital. The model allows green energy producers to transact directly with energy investors as well as consumers by selling their output upfront at competitive below market rates.

The tokenization of the platform increases access to capital for energy market players and also improves liquidity. At the moment, financing options for renewable energy projects attract a significantly high debt-to-equity ratio. This makes it challenging to develop and implement such projects. The WePower model attempts to address that market gap because it allows anyone who can purchase tokens to become an investor.

The WePower Dual-Token System

A key component of this model is a double-pronged token system, the energy tokens that run smart contracts for the system’s blockchain, and WePower (WPR) tokens that serve as the platform’s medium of exchange. The energy tokens have a relatively stable value as they reflect actual energy prices.

Green energy producers sell their tokens within the WePower ecosystem using an auction model. WPR token holders on the platform get the first priority to purchase the energy tokens. They have a 48-hour window period during which they can buy tokens at the best possible prices using the WPR tokens in their possession at the time. After this period, other buyers can participate and the initial investors have the opportunity to sell at a profit. This model is a great way to appeal to traders to join the platform, buy and hold tokens so as to participate in the auctions.

Green Energy Trading Opportunities

WePower is the first model of its kind to offer investors the opportunity for live trading in green energy. This creates numerous possibilities as the system only acts as a base layer for numerous potential digital energy innovations. For instance, the system can be integrated with the Internet of Things for energy trading. Being an early riser in this sector, the platform could become a global leader in the decentralized energy revolution.

It is noteworthy that with the current rate of climate change and carbonization, the existing systems are fast heading towards obscurity. This next generation system which combines decentralization, democratization and an eco-friendly approach offers an ideal solution.

Project Implementation

WePower is starting out by creating a green energy ecosystem in Europe, as the regulatory framework governing the region seems most ideal for the implementation process. The European energy market enjoys the advantage of having a uniform regulatory structure across all of its constituent states. This presents the ideal setting because the project will require the existing energy grid to allow for tokenization beyond borders.

The energy industry offers an opportunity for big business as it is a key player in the global economy. WePower is targeting both new and existing players in the renewable energy sector by facilitating investments to allow for its generation and trade. The platform seeks to connect these producers directly to the consumers in order to eliminate costly third parties and create a unique investment opportunity for everyone involved. The project already has a demo platform available for tests on its website.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

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