The adoption of renewable energy has faced so many challenges as seen by WePower in its years of existence. These challenges mostly can be attributed to jam-up’s in the market that slow down renewable energy development. Also, too many intermediaries exist between producers and consumers of renewable energy, in which case consumers are solely left to cater for every cost.
PRESENT STRUCTURE OF THE RENEWABLE ENERGY MARKET
Banks and other major institutions dominate the renewable energy market which makes it almost impossible for small players or end users to invest or satisfy their energy needs. As shown by Bloomberg New Energy Finance (BENF), only $242 Billion was invested into renewable energy in 2016,marking an investment drop by 23% when compared to 2015. Also, in the first quarter of 2017, renewable energy investment also dropped by 20.9% when compared to 2016.
AIM OF WePower
Through the use of blockchain technology and our energy token, we will solve renewable energy market problems such as speed and transparency, access to capital for green energy projects globally, smooth access to green energy investments and trading globally, and also lead the transformation of decentralized energy.
OUR PLATFORM - WePower
We are an independent supplier of energy and our platform directly connects buyers of renewable energy such as investors, households and companies, with the producers, thereby creating the opportunity to purchase energy below market rate and in advance. The WePower renewable energy trading platform is based on blockchain and we leverage on the tokenization of energy (which will guarantee smooth access and extend access to capital to everyone, including small and big players) to make the energy market standard, simple and globally open. A producer’s future renewable energy production is tokenized when they are connected to our platform, and energy is tokenized on the basis of kWh unit i.e. 1 internal energy token to 1kWh future energy production.
A producer of renewable energy may sell a part of their future energy production on our platform if they are in need of capital to fund the initial cost of a renewable energy project, and the sold energy will be acquired as internal energy token. Initial energy tokens will be like smart contract that reveal when the energy will be produced and delivered, the price and the energy type. By using smart contracts, data analytics, AI and blockchain, our project will help improve climate change in the Earth.
STAGES OF WePower DEVELOPMENT
Stage 1. WePower Breeze – Market entrance
Stage 2. WePower Storm – Service growth and usability
Stage 3. WePower Hurricane – New decentralized energy utility
CURRENT FOCUS OF WePower
• In April 2018, we will launch the WePower pilot project with Elering and tokenize all Estonian energy
11 billion energy tokens will be put out and our platform on the Estonian energy infrastructure will be tested.
• SBC energy program will be started in Australia, with our company also being established in Australia
• Expansion to surrounding countries in 2019
• In November 2018, we will launch WePower in Spain
• In September 2018, we will test the WePower platform
• In August 2018, we will connect WePower with Spain’s first clients
WePower DEVELOPMENT STAGES
WePower Breeze, WePower Storm and WePower Hurricane, representing a cycle, will together form the technology for a future virtual utility company for the purpose of decentralization, democratization and decarbonization of the world. WePower breeze shows all major features on a full value chain, WePower Storm shows features for bigger handling grid integration problems of the WePower platform, while WePower Hurricane will take the tested features of the system and focus on optimization, simplification and standardization.
WePower’s TOKENIZATION OF ENERGY
Tokenization of renewable energy will help producers to sell in a global market as well as get required capital and increase profit, before their production. Also investors will gain lower and higher, cost and liquidity, respectively, and also have standard access to projects on renewable energy worldwide. An auction for tokenized energy sale will be organized by every renewable energy plant connected to our platform and token holders will have topmost access to these auctions. A minimum price will be set for each energy token and a part of the energy will be donated to connect WePower’s token holders.
FUNCTION OF BLOCKCHAIN ON WePower
i). Creative interaction by renewable energy community across applications
ii). Blockchain provides 3rd party ease through its decentralization
iii). Efficiency is raised as smart contracts eliminates intermediaries
iv). Inability to alter data in blockchain will improve security
v). It provides a centralized data base as well as cheaper maintenance
vi). It provides prediction of transactions as well as transaction history
vii). It provides tolerance of fault for DApps due to blockchain decentralization
USES ON WePower ENERGY TOKENS (WPR)
i). Owners of our energy tokens can pre-sell energy to other users before production
ii). Owners of our token can, once the energy is produced, sell energy automatically to wholesale market and get paid in cryptocurrency or Fiat. When paid, previous owners can also reinvest the amount received into our platform.
iii). Owners of our token can use the energy when it is produced.
WePower TOKEN SALE
There will be $35 million worth of token sale supply, and public pre-sale of token will be completed on 22 October 2017 after $3 million is raised. The sale of token will run for a 14 day period and token contact address will be published on https://wepower.network only. The main date for sale of token is February 1, 2018 and the minimum amount for investment is $200 in ETH. The soft cap is $5 million. Before the soft cap, the exchange rate for sale of token is 1ETH to 4600WPR, while the exchange rate for the sale of token after the soft cap is 1ETH to 4000WPR. All unsold tokens will be burnt.
OBJECTIVES OF TOKEN SALE
45% - WePower platform development
15% - Connection to the infrastructure of energy
15% - Compliance with requirements of energy market
25% - Expansion and Operations
WePower TOKEN DISTRIBUTION
50% - Token sale contributors
15% - Community and user growth
10% - Future stakeholders
20% - Team
OUR TEAM
Nikolaj Martyniuk - Co-Founder and CEO
Kaspar Kaarlep – CTO
Artūras Asakavičius - Co-Founder
Heikki Kolk - Complex system architecture
Eyal Hertzog - Blockchain and token economy advisors
Jon Matonis - Blockchain advisor
Lukas Kairys - Blockchain and smart contract developer
Trevor Townsend - Startupbootcamp Australia energy program manager
David Allen Cohen - Energy advisor
Liraz Siri – Security
Tadas Jucikas – Artificial Intelligence advisor
Brad Yasar – Investments
Saber Aria – Investments
Aaron Bichler – Investments
Henri Laupmma – Investments
Mantas Aleksiejevas - Digital reach and sales
Nimrod Lehavi - Payment advisor
Rene Fischer - PR Partner
Vytautas Alkimavičius - Senior Software Engineer, Metasite
Auksė Siaudzionyte - Community management
Gytis Labašauskas - Digital marketing
ENERGY COMPANIES SUPPORTING WePower
Elering, Conquista Solar, Startupbootcamp, Australia Energy, Spotless, Civitas Project and Novocorex.
PARTNERS OF OUR TOKEN SALE AND BLOCKCHAIN
Bancor, Krowd Mentor, AmaZix, Bitcoin Suisse, TokenLot, KR Token
PARTNERS OF OUR TECHNOLOGY
Catapult, Wings, Metasite, Blockchain Labs, FInpass
Wepower ROADMAP
January 2017 – WePower idea
July 2017 – Secured client with 1000MW solar project
August 2017 – WePower MVP
October 2017 – Token sale
March 2018 – WePower platform launch
May 2018 – Connection to energy infrastructure
July 2018 – Platform testing
August 2018 – Launch in Spain
September 2018 – Distribution of donated energy to token holders
October 2018 – Launch in Portugal and Germany
January 2019 – Balancing and regulation of frequency
March 2019 – Virtual powerplant structure
2019 – Further expansion
For more information about the WePower Company and project and to connect with other participants all over the world please visit the links below;
WEBSITE: https://wepower.network/
WHITEPAPER: https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
FACEBOOK: https://www.facebook.com/WePowerNetwork
TWITTER: https://twitter.com/WePowerN
TELEGRAM: https://t.me/WePowerNetwork
ANN THREAD: https://bitcointalk.org/index.php?topic=2207367.0
YOUTUBE: https://www.youtube.com/channel/UCsocTWqQzDvoLBf2sVj96lQ/featured
AUTHORED BY: teejayrichard
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=1265803
WALLET: 0x937fe2c8bd616344a9Be33fDEC04D6F15f53c20F
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