WEPOWER — Trading Platform For blockchain-based green energy

Today, a technological revolution has made it possible for energy producers to raise capital simply by issuing their own energy tokens. They can now do this by utilizing WePower platform — a trading platform for blockchain-based green energy. Every token offered by the energy producer represents energy they want to produce and deliver. Tokenization of energy does not only standardize but also simplifies and opens globally the existing energy investment ecosystem. This has resulted in energy producers being able to trade directly with the green energy buyers (these buyers include consumers as well as investors). Again, it has made it possible to raise capital by selling energy upfront below market rates. Tokenization of energy leads to liquidity as well as easy access to capital. The WePower blockchain solution continues to grow in popularity every day. Currently, the platform is recognized by Elering — one of Europe’s most innovative Transmission System Operators. WePower enables tokenization of energy in order to optimize the financing cycle and help energy producers get access to the capital they need. Of course, this tokenized energy is seen as a contract between the energy producer and the energy buyer.

WePower business case

Currently, WePower has chosen to start this innovative service in Europe. The company will start with the creation of an ecosystem in Europe. The decision to start in Europe is as a result of the unique regulatory framework that is available on the continent. Again, Europe has a competitive energy market, with each member having similar regulations. Certainly, this feature is the most important condition for tokenization of energy on a scale that will make it possible to be available beyond borders. In a scenario where no market conditions exist for open connection to the grid, p2p trading of energy may only be limited to microgrid solutions, even at that, there would be no scalability or may not even be implemented at all. WePower has three core components of growth and these include: energy consumption, customer acquisition on energy production, and market liquidity. The platform is expected to grow by offering greater simplicity and transparency to the market. Not just that, they will also deliver value that other companies of similar natures have failed to deliver. Currently, the WePower team is working with energy project developers to develop market price-based projects. This professional team will be expanded once they enter new markets.

Blockchain function

In most situations, as well as in many applications, relational databases are always adequate. However, there is one problem; adequate sustainability and scalability may not be achieved with these databases. To solve this problem, it should be looked from the perspective of sector transformation in trading and digital infrastructure creation; this will lead to the transformation of energy production to 100% renewable using a public blockchain. In this scenario, blockchain is used because it allows:

• Innovative community interaction across application
• Provision of liquidity to 3rd party through exchanges as well as decentralized exchange protocols.
• Improved efficiency as a result of the elimination of intermediaries through smart contract.
• Improved security as a result of data immutability.

Distribution of Tokens

To distribute tokens, WePower will have a pre-sale and main sale. 55% of all token supplied will be sold during the pre-sale and main sale. The sold WPR tokens will make up the 55%. Tokens that were not sold will be burned while the ones that will be allocated to teams will be locked for three years. Finally, tokens for future use will be locked for four years. After the initial offering of tokens, WePower will make use of 45% of the funds realized from the sale for the development of WePower platform. Integration of WePower platform to the existing energy infrastructures across target markets will be done with 15% of the received funds. The remaining 15% of the received funds will be used in ensuring that WePower complies with the requirements of the energy sector. The Expansion and operations will take 25% of the received funds. Without hesitation, the team at WePower will certainly implement all 3 stages of the project describes in this Whitepaper should the platform reaches its hard cap.

Whitepaper : https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
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