Energy Web Token Now Listed on BitMart, Available to U.S. Stakeholders

Energy Web
May 4, 2020 · 3 min read

Zug, Switzerland — 4 May 2020 — Today Energy Web announced that its native Energy Web Token (EWT) will be available on global exchange BitMart, with trading commencing later this week. (Read more in BitMart’s official listing announcement and listing coin info.)

EWT has already been available for the global energy community since September 2019 on the exchange Liquid. However, Liquid is not an option yet for U.S.-based member organizations and developers. (Liquid announced U.S. expansion plans in 2019 and hoped to secure regulatory approval sometime this year.)

“We are very pleased that we have now progressed to the point where we can also make EWT more-easily available to our U.S.-based Energy Web members, developers, and other organizations so they can build applications on top of the Energy Web Decentralized Operating System (EW-DOS),” explained Walter Kok, CEO of Energy Web. “We encourage other blockchain developers to step into this space and begin writing smart contracts and developing dApps on our chain that serve the global energy sector and beyond.”

Energy Web is a mission-driven organization that operates in regulated energy markets around the world. In order to create real impact, regulatory compliance for decentralized solutions is a must. The Energy Web ecosystem includes some of the most-prominent companies in the U.S. power sector, including Exelon, PG&E, PJM EIS, and Tenaska. The EWT listing on BitMart is an important enabler for these progressive, U.S.-based organizations to continue their innovative work creating digital solutions that accelerate a decentralized, low-carbon electricity system.

Being listed on multiple exchanges is core to our strategy, as it helps mitigate risk in the event any individual exchange goes down and it furthers the decentralization of our EWT. This last point is consistent with the views of Hester M. Peirce, a commissioner at the U.S. Securities and Exchange Commission (U.S. SEC). “In order for a network to mature into a functional or decentralized network that is not dependent upon a single person or group to carry out the essential managerial or entrepreneurial efforts, the tokens must be distributed to and freely tradeable by potential users, programmers, and participants in the network,” she noted in February 2020 speech. “Additionally, secondary trading of the tokens typically provides essential liquidity for the users of the network and aids in the development of the network. We could not agree more and will therefore continue to expand the number of exchanges in the future.

About Energy Web
Energy Web is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EW focuses on technology integration and development, co-creating standards and architectures, speeding adoption, and building community.

In mid-2019, EW launched the Energy Web Chain, the world’s first enterprise-grade, open-source blockchain platform tailored to the sector’s regulatory, operational, and market needs. EW also fostered the world’s largest energy blockchain ecosystem, comprising utilities, grid operators, renewable energy developers, corporate energy buyers, and others.

Energy Web has become the industry’s leading energy blockchain partner and most-respected voice of authority on energy blockchain.

For more, please visit https://energyweb.org.

Contacts
Peter Bronski, Energy Web Foundation
+1.201.575.5545 | peter.bronski@energyweb.org

Nicole Arnone, Inflection Point Agency for EWF
+1.770.856.7185 | nicolearnone@inflectionpointagency.com

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EW is a global, member-driven nonprofit accelerating a low-carbon electricity system through open-source, decentralized, digital technologies.

Energy Web Insights

News and articles from the Energy Web community

Energy Web

Written by

EW is a global, member-driven nonprofit accelerating a low-carbon electricity system through open-source, decentralized, digital technologies.

Energy Web Insights

News and articles from the Energy Web community

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