WePower Wechower Blockchain Solution today

Summary

WePower is a blockchain-based green energy trading platform.

WePower enables renewable energy producers to raise capital by issuing their own energy to-kens. These tokens represent energy they commit to produce and deliver. Energy tokenization standardizes simplifies and opens globally currently existing energy investment ecosystem. As a result energy producers can trade directly with the green energy buyers (consumers and in-vestors) and raise capital by selling energy upfront, at below market rates. Energy tokenization ensures liquidity and extends access to capital. The WePower blockchain solution is currently recognized by Elering, one of the most innovative Transmission System Operators in Europe.

To optimize the financing cycle and open access to capital, WePower enables energy tokeniza-tion. Tokenized energy represents a contracting mechanism between an energy producer and energy buyer.

WPR token holders will have priority access to participate in auctions for purchasing tokenized energy once the renewable energy plant is connected to the platform.

Energy allocation will depend on the number of WPR tokens held by the participant. Moreover, WPR token holders are rewarded by no less than 0.9% of tokenized energy donated directly by the renewable energy providers. WPR token holders may use or sell this energy.

WePower comes to the market at a crucial time. Due to a drop in subsidies and increased re-newable energy development competing at market price, banks started increasing demand for own capital decreasing debt to capital ratio. It moved from 20:80 to close to 50:50 ratio for newly developing renewable energy projects. Equity capital became a limited source of financ- ing contributing to a plunge (-23% YoY) in investment due to smaller leverages.

Energy tokenization together with a platform built on an open decentralized data-base, opens the green energy market globally to a broad pool of investors. In an open platform, new ener-gy projects do not depend on only local investors., Asset liquidity allows more favorable capi- tal-to-debt ratios without using Government subsidies. We estimate that the simplification of the investment process through WePower will significantly reduce financing costs, which is eventually split between renewable energy producers and consumers/investors.

The WePower platform is ready. You can try the demo version on our web page. We are working on the launch of our pilot project with a transmission system operator Elering. Current partner-ships with the renewable energy producers allow WePower to be operational within 9 months after the main token sale. These partnerships will bring a pipeline of projects to be financed for the first 2 years of WePower operations. Having first clients in Spain and being accepted to Startupbootcamp Energy track in Australia, WePower simultaneously expands in two conti-nents.

Our team is led by energy experts Nick Martyniuk, Kaspar Kaarlep and Heikki Kolk, who lead a group of 12 highly experienced energy engineers and former-Skype programmers. Our team of engineers has previously worked on the smart metering implementation countrywide in Es-

tonia, leader in the rollout of full smart grid in the world. Our Blockchain development is led by Jon Matonis (founding partner of Bitcoin Foundation), our token economy is structured with the help of Eyal Hertzog (chief product architect of the Bancor Protocol) and David Allen Cohen

(smart grid innovator) helps with software matters.

The project is supported by the Ministry of Energy of the Republic of Lithuania, due to its po-tential social impact on climate change control. WePower will share part of its technologies to countries who implement green energy and CO2 accounting, using blockchain technologies.

The WePower innovative token model was clarified with the European regulator. It is structured as a reward based crowdfunding, where contributors are rewarded free energy which they may use or sell on the platform.

Current energy market structure

According to Bloomberg New Energy Finance (BENF)1, the 2016 level of investment into renewable energy had reached 242 Billion USD, representing a 23% decrease over the previous year as seen in the chart on the right. Nevertheless, early 2017 trends show investment in renewable energy has fallen to 20.9% in Q1 compared to 2016, from 64.25 billion to 50.84 billion. The market is dominated by banks, PE funds and hedge funds that dominate the energy investment market. This system does not serve the renewable energy community with proper access tocapital. Nor does it serve consumers with proper access to energy.

Through these methods, WePower solves the following energy market insufficiencies:

• Global access to capital for green energy projects

• Global access to green energy investments and trading (i.e. liquidity)

• Speed and transparency

WePower business case

Energy production is big business:

•  24,756 TWh3 energy produced each year in total.
• 24,756,000,000 MWh energy produced from renewable sources.
• Assuming the LEC (levelized energy cost) from solar and wind averages 50 EUR/MWh (most
• likely less costly), total market of energy production alone and sales is 1.24 trillion USD.
• Current yearly investments in renewable energy amount to 242 billion USD4.

1. Token sale

Main terms of WePower token sale:

Token creation will end when either the maximum number of WPR is issued or the contribution period has ended. If less than the minimum soft cap of tokens are issued, token sale contributions may be retrieved.

WePower is starting its second Official Bounty Program in order to reward its supporters with more WPR tokens.

1.5% of all raised tokens will be allocated to the Bounty Program but will not exceed 525,000 USD in WPR tokens.
 The program will run until the end of the Token Sale. The bounties will be paid within 30 days after the end of the Token Sale.

Campaigns: 
 Quality pool — 10% (52.5k in WPR) 
 Ongoing translations Campaign — 10% (52.5k in WPR)
 Moderators Campaign — 10% (52.5k in WPR)
 Twitter Campaign — 5% (26.25k in WPR)
 Content Creation Campaign — 35% (183.75k in WPR)
 VIP content — 17,5% (92k in WPR)
 Video/written interviews, reviews and articles — 17.5% (92k in WPR)
 Secret Campaign — 7.5% (39k in WPR)
 Signatures Campaign — 18% (94.5k in WPR)
 YouTube Campaign — 2%(11k in WPR)
 Telegram Campaign — 2,5% (13k in WPR)

Road map

For more information visit the link below.

WEBSITE | ANNOUNCEMENT THREAD | WHITEPAPER | TWITTER | FACEBOOK | TELEGRAM |  REDDIT | YOUTUBE 

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by Berita Anyar

my ETH address : 0x9B5fEe1D5Bcf9456099cD09d3C6f35474eFfEEc4