I am student doing my research work under the "Smart Energy" field. So this project is pretty exciting for me. Let's get to know what WePower is all about.
What is WePower?
WePower is a blockchain-based green energy platform. They aim to tokenise green and renewable energy to make it tradable. The WPR tokens can be traded in exchange of energy which increases the liquidity of the energy commodity. WPR is a ERC 20 token and use ethereum smart contracts.
Why is it useful?
There is an ever-growing demand for energy as more and more devices are adding up to our lifestyle and their individual requirement increasing(in cases). For energy-deficient countries, there is a need to generate energy through renewable resources. This huge ever-increasing ocean of opportunity has a great potenial that can be tapped into. By energy tokenisation, there can be an instant demand and supply of energy.
TEAM, ADVISORS & INVESTORS
They are having a solid number of members in their team who are having experiences in the energy sector. They are also having a good set of partners/investors like Elering, Prime Block capital, Bancor, Stockholm green digital finance etc.
ICO STRUCTURE
They have a hard-cap of $35 million. They are accepting contributions in the form of ETH(ether) pinned at 1ETH = 4000WPR. The pre-sale has already ended and the public-sale is on Feb 1. Around 93000+ have already registered for the token sale.
Public sale: Min - $200(ETH/USD rate will be fixed a week before the ICO)
SOCIAL MEDIA PRESENCE
They have a huge presence on telegram(20000+ members) and twitter(13000+) as of today. It is definitely a super hyped project. Though there is some code available in their github profile, there is low activity.
CONCLUSION
WePower is a very interesting project in my opinion. They have a very long term aim. So those who want to invest in WePower, I just them to hold. The demand for energy is ever increasing. So, energy tokenisation is a highly possible future. I am also pretty sure that they will stick to their roadmap.
I am going to stick to it for long-term because it is based on the ever increasing energy consumption and its demand. For flipping, i will not suggest but i’m sure long-term HODL will give you better results.
I’m very much looking forward for the whitelisting and crowdsale.
DISCLAIMER: Please do read the whitepaper, join the telegram channel and do your research before investing as ICO investing involves high risk. I shall not be deemed liable for any profits or losses. Thank you!
My bitcoin talk profile: https://bitcointalk.org/index.php?action=profile;u=1330116
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