1. THE WEPOWER SUMARY
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 investors) 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 tokenization. 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.
2. HOW ABOUT WEPOWER TOKEN MODEL?
ENERGY TOKENIZATION
The WePower platform allows renewable energy producers to tokenize and sell the energy they produce. A renewable energy producer connected to the platform issues its own energy tokens within the WePower platform, where 1 energy token represents 1 kWh of green energy to be produced in a certain time in the future (usually within 4–6 months from the connection moment).
TOKENIZED ENERGY AUCTION
Each new renewable energy plant offers more economical energy to the users of the WePower platform through the auction mechanism, which sets the lowest price for energy per 1 kWh (or one energy token). The auction opens to WPR token holders first. WPR token holders will have 48 hours advanced access. After this period has elapsed, the remaining energy is offered to all WePower platform participants.
The lowest price offering is set by the auctioning party. Current and historical energy prices are visible on the platform. This gives market price reference for energy and acts as a reference ceiling for the maximum energy price.
BLOCKCHAIN
Relational databases are adequate in many applications and situations. However, sustainability and scalability are limited with these databases. From the perspective of sector transformation in trading and digital infrastructure creation, transforming energy production to 100% renewable, the answer was to utilize a public blockchain.
Blockchain allows:
- Innovative community interaction across applications.
- Provide 3rd party liquidity through exchanges and decentralised exchange protocols.
- Enhanced efficiency due to smart contract elimination of intermediaries.
- Enhanced security due to immutability of data.
- Cheaper maintenance vs centralised database.
- History of transactions and prediction of transactions.
- Fault tolerance for DApps due to decentralised nature of blockchain.
ENERGY TOKENS USE
Every energy token represents 1 kWh of green energy to be produced by a certain time in the future.
The owner of these energy tokens has the following options:
1. First — use the energy when it is produced, if the energy was purchased for a development project in the buyer’s home market.Note that WePower will physically deliver energy based on the number of energy tokens held, once WePower enters a token owner’s home market and begins operation under an independent energy supplier’s legal framework.
2. Second — sell the energy before its production within the WePower platform to any other user.
3. Third — automatically sell the energy to the wholesale energy market once the energy is produced and receive the energy price in fiat or crypto currency. This leaves an ambiguity of the final settlement price as it is done at the market price in that specific moment. However, it provides a safety net for the fund invested in energy. All energy with this option is sold simultaneously on the wholesale market.
WEPOWER TOKEN SALE MODEL
WePower has structured the WePower token sale to comply with applicable regulatory requirements. The token sale will be structured as a reward based crowdfunding campaign, where contributors in return for their donations will receive WePower tokens (WPR).
3. WHAT IS THE ADVANTAGES AND STRENGTH OF WEPOWER?
WePower will significantly reduce financing costs, which is eventually split between renewable energy producers and consumers/investors.
WePower aims at cutting through the current problems of access to capital for the renewable energy producers and access to investments in great profitable projects directly for the final consumers. This is done using the fastest and transparent way through blockchain and energy tokenization. By employing technology WePower solves the following energy market insuffi-ciencies:
• Global access to capital for green energy projects
• Global access to green energy investments and trading (i.e. liquidity)
• Speed and transparency
4. ROADMAP
WePower development is divided in 3 distinct stages:
1. WePower Breeze — Market entrance — challenging the way how energy investments and purchase are done today by creating necessary technological layer for the change to happen.
2. WePower Storm — Growth of services and usability — aggregating and managing energy flows via smart contracts.
3. WePower Hurricane — New decentralized energy utility.
5. 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.
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. Of all raised tokens will be allocated to the Bounty Program but will not exceed 525,000 USD in WPR tokens.1.5%
6. TOKEN DISTRIBUTION
The WPR token supply will be distributed as follows:
7. TOKEN SALE OBJECTIVES
Funds raised during the contribution period will be used solely for the development and
benefit of WePower. A budget has been outlined below, representing a scenario where our
soft cap has been reached:
Further information at https://wepower.network/
White paper: https://drive.google.com/file/d/0b_ow_eddxo5rwwfvqjjgzxpqt3c/view