Encryptopedia- WePower (WPR)

I. Overview.

Founded by Nikolaj Martyniuk, WePower is a blockchain based green energy trading platform. WePower enables renewal energy producers to raise their own capital in the form of WePower tokens (WPR) and in return consumers are provided an amount of renewable energy based on the amount of tokens invested in.

II. Technical Specifications.

Name: WePower

Ticker: WPR

Algorithm: ERC20

Total Supply: 745 million (July 1st 2018)

Current Supply: 446 million (July 1st 2018)

Protocol: N/A

Market Cap All Time High: 95.6 million (February 24th 2018)

Exchange: Huobi, IDEX, Binance, Liqui, Sistemkoin, Kucoin, Bitbns, EtherDelta, DDEX, CoinFalcon

III. Fundamental Specifications.

As we all know, the world we live in today emphasizes so much effort towards keeping our world cleaner and saving the environment. Hence, tokenizing something like renewable energy is a brilliant idea to optimize the financing cycle and open access to capital for energy producers. In the current situation, both investors and producers have individual problems they have to overcome but with WePower these problems can be overcome by indirectly getting both sides to help each other via smart contracts. Investors usually have problems with lack of access to investments, investments being too complicated and transparency while producers mainly have problems with capital and these can all be resolve through WePower’s technology.

The smart energy contract from WePower represents a contracting mechanism between an energy producer and energy consumer using blockchain technology which provides full transparency. WePower’s simple fundraising process does not only ensures full transparency but also efficiency. The fact that the system is set in a way that consumers are investing in producers saves a lot of time and resources for both ends and most importantly replacing the middle man with a token. In addition, WePower tokens are also easily tradable within the platform which allows consumers to only pay for energy that they use. Moreover, the digital smart energy contracts that WePower uses are able to provide flexible yet a standardized power purchase process.

IV. Coin Index