Gibraltar-based green energy exchange platform WePower has announced it will accept registrations for the fundraiser as the company prepares for its official launch. The WePower pre-launch fundraiser is structured as a reward-based crowdfunding campaign, where contributors will receive WePower tokens in return for their Ethereum contributions. Part of the green energy that will be produced and traded on the WePower platform will be assigned to Energy tokens and stored in a smart contract. Thus, the WPR token will be tokenized energy stored in a smart contract and accrued with the growth of WePower platform.
The platform has all partner agreements that would facilitate the launch, and all necessary Letters-of-Intent are in place. The demo product is working, with another major update coming soon for blockchain and use of smart contracts so that investors can enter the green energy market directly. By buying green energy on the WePower platform, investors will be financing the development of green energy producers and encouraging the production of more energy.
The WePower platform connects existing and new renewable energy producers with companies and people willing to switch to clean energy and invest in a 100% renewable future. With the help of blockchain and smart contracts, WePower solves multiple problems of energy sector at once, bringing transparency to the amount of green energy produced, consumed, and how much CO2 emission was reduced. Energy developers cut intermediary commission fees or raise less expensive funds for new projects by selling future energy at today’s price. Energy consumers benefit from the cheaper future energy and participation in CO2 or other green energy certificate markets.
WPR token holders can use this energy for its own purposes or trade it on WePower platform, at any time of his disposal. This ensures liquidity option for contributors, especially if contributors are from places where WePower is not connected to the grid.