A Secure Funding Platform for Renewable Energy Producers - WePower

Why the most developed country like U.S. and the developing country like China are spending a lot of money towards renewable energy like solar power? Is renewable energy mandatory for the survival of humans?That's a good question. There are two main drawbacks of the traditional power generation using fossil fuels which are given below.

1. Unlike solar power, the energy derived from fossil fuels are finite and limited. In any trading platform, if the supply of a commodity is less and the demand is more, then the price of the commodity will automatically increase. Likewise, as the fossil fuels are limited it is becoming too expensive to derive energy from them.

2. The method used to retrieve energy from the fossil fuels cause a lot of damage to the environment because of the emission of pollutants like carbondioxide. So, people are not able to breathe fresh air which causes various respiratory infections that will affect the lungs.

That's why more countries are giving importance to the concept of power generation using renewable energy. Given below are the various types of renewable energy available on the earth.

• Solar energy
• Wind energy
• Geothermal energy
• Bioenergy
• Hydroelectric power
• Ocean energy

There are two major challenges for the producers of renewable energy which are given below:

• Insufficient funds for building the infrastructure for power generation.
• Lack of a good marketplace for selling the energy.

Because of this, the small energy producers are forced to sell the energy at lower rates to the large scale companies which are monopolizing the energy market. How to find a solution that is beneficial for the renewable energy producers? WePower, an energy trading platform based on the blockchain technology provides support to the energy producers to raise funds for their business by issuing their own energy based tokens. So, the producers can communicate directly with the buyers using the WePower platform to sell their energy at profitable rates.

WePower platform is also planning to take the energy sector into next level by creating an investment market for energy. So far, the energy market is closed and available only for big institutional investors. Why can’t the general investors trade on energy like mutual funds, stocks, gold etc to get some profit? WePower will be achieveing that soon with the help of the blockchain technology. Do you want to know more information about the WePower platform? Then, check out their official whitepaper. Whether you are an energy producer or an investor, you need to hold the WPR tokens so that you will get priority access during the acutions for purchasing the tokenized energy. The token holders will be rewarded by the energy that is donated directly by the producers. WPR token holders can use the energy for their own purpose. If they wish to sell the tokens, they can do that even before the energy production or directly in the wholesale market after the energy is produced. What are the benefits of WPR tokens? How to buy the WPR tokens? Check out https://wepower.network/ to know the token sale procedure of WPR tokens.