In this millennial age, technology has grown rapidly, started to explode from the Great Britain industrial revolution followed by other country in the last 18th century that changed the face of industrialization into more modern, efficient and cheap processes. And of course, a mountain of gold for some people.
Started from 20th century, humanity begun to “enlightened” that coal and oil could be harmed the environment, thus they started to find more efficient source of energy.
But, till this article is created, our race still can’t relieve the dependence of fossil energy, mainly because of its cost.
Energy Sector Future Prospect
Lemme give you an example. If we look back the price of West Texas Intermediate (WTI or NYMEX) in the mid of 20th century, the price was less than 20$ per barrel. And now, it is traded in 60$ - 70$ each barrel. Despite its bull and bear, we can conclude that the crude oil price in average is triplet in about 50 years.
And since 2000, the oil price has been quadrupled as strong growth in demands from the United States and Asia outstripped the ability of oil producers to increase their output.
But if we carefully watch it, the crude oil price will have a great fluctuation when a crisis occurred
I’ll give you a small review.
You can look at April 1980 when an energy crisis occurred, WTI crude oil price soared to $39,50, equal to $103,6 nowadays, after adjusted with inflation.
In 2008, financial crisis successfully pumped the price of WTI crude oil to the $159,7 before fall into abyss falling into huge bear in the same month.
Now, in 2018, when we see chart of WTI crude oil, we can see the price is constantly struggling until now it priced $68 on average.
So, why I wrote that? Is it important?
Yes! Just think, WTI crude oil is one of the most used as global crude oil price beside Brent oil. And what oil prices means? It means what will happen in your country, as almost economic factor used oil, as transportation systems, electricity generator, industrial sectors, oil is important, and unfortunately, oil isn't renewable energy, it needs a long journey to be created, and its creation paid with the most exclusive thing in the world, time.
In the future, oil price will surely soaring so high until there are new source of energy, mainly sustainable and renewable based energy.
what we depend most now, is electricity. Now, almost all government thinking to reduce the dependence of oil and coal, mostly used in electric power generator by researching and developing some alternative sources of electricity, like using hydrogen, wind turbine generator, water stream generator, and other.
BITTWATT
So, I think it is a good investment and will be a great prospect if you could analyse when to start and stop. But, for you who bored and dissatisfied with conventional systems of energy commodities trading, why don't you try Bittwatt? An upcoming trading platform based on blockchain that enabled you in a balanced and financially efficient ecosystem that learns and evolves.
For this purpose, Bittwatt have started developing a new marketplace for electricity balancing and trading – which is blockchain enabled - that incentivizes producers and opens up competition on a level playground.
Vision and Mission
Vision
Building a world of smart-consumers in a sustainable energy system with minimal costs for all parties.
Mission
be the first international platform to integrate and facilitate cooperation between all market operators for the benefit of the consumer.
HOW IT WORKS
Producers, suppliers, grid operators and consumers must register on the platform based on KYC criteria. The match between offers and requests is to be met through smart contracts that operate on the basis of individually defined rules (e.g. specifications as per quantity, type, price, and so on).
The flow of electricity is then automatically coded into the blockchain and algorithms match buyers and sellers, in real time, based on their predetermined set of preferences.
Finally, smart contracts execute when electricity is delivered, thus triggering the payment from buyer to seller.
The platform, therefore balancing the energy supplied and that delivered, bills traders who delivered more or less energy than specified in their schedules. Such deviations are determined from smart meter readings from consumers and producers.
Bittwatt have been developing their business in London, Bucharest, and Singapore. And by the end of 2022, they planned to have expanded their business into more than 17 countries.
TOKEN and ICO
Their token addressed for BWT
Their total token supply accounted for 400,000,000 BWT as 1 BWT token represents a transferable token equivalent to 1 kWh.
Token Supply for ICO is $36,000,000 at $0.12 each BWT
ICO token sale price is based on average 1 kWh energy cost.
ICO Bonuses
Pre-ICO
13-31 March 2018, Bonus = 35%
ICO Phase 1
1-7 April 2018, Bonus = 15%
ICO Phase 2
8-14 April 2018, Bonus = 10%
ICO Phase 3
15-21 April 2018, Bonus = 5%
ICO Phase 4
22-28 April 2018, Bonus = 0%
BWT Token supply is split into :
30,000,000 tokens are sold during the ICO7;
40,000,000 tokens are reserved for the team;
20,000,000 tokens are reserved for advisors;
20,000,000 tokens are reserved for country advisors;
8,000,000 tokens are reserved as bounty;
12,000,000 tokens are reserved for country-level marketing;
You can take your own action, but let me remind you, think about it, can you live in a long term without electricity?
So, let's participate and invest for the future
Official website https://bittwatt.com
Facebook page https://www.facebook.com/energyforthe21century/
Twitter https://twitter.com/BittwattPteLtd