WPP Energy - 5 Star ICO?
I don't usually post about upcoming ICO's. But when I saw this project - World Power Production (WPP) receive 5 stars across major ICO rating websites, including ICO bench and Track ICO - I thought I'd make an exception!
WPP Energy has more than 20 team members and advisers, with a CEO with over 35 years experience in renewable energy industry and has over $5 billion in existing Government contracts around the world.
To call this company a startup is a bit of a misnomer, but they are a startup in the cryptocurrency space and are doing an ICO process to raise funds for green energy solutions, starting from 15 July and ending of 15 September.
What Is the Objective of WPP?
The WPP has ambitious goals, focused on green energy and altruistic causes such as supporting developing country energy needs. Their work streams can be split into three categories.
Build Portable Green Power Generators
WPP are aiming to solve an energy shortage using their existing technology to establish WPP as the preferred power supply source for cryptocurrency miners - but doing so using clean energy.
Power demand for cryptocurrency projects is massive. In fact, some articles suggest that Ethereum Mining uses more electricity than the entire Island of Cyprus! Obviously, accessing clean energy and affordable energy for Cryptocurrency Mining is a priority for any mining company looking to reduce their costs.
Example of Portable and Green Power Generator for Cryptocurrency Miners
Platform to Buy and Sell Green Power
This is where the WPP Token truly comes into play. WPP are aiming to capture power production data from their own sources, and invite other energy providers to come onto the platform to sell their own power.
This will see competitive wholesale prices being offered to those institutions and private consumers seeking clean power production around the world at lower (and greener) prices than traditional power sources. Both suppliers and consumers benefit, as many suppliers have unsold surplus energy capacity they are willing to sell at low prices.
The WPP platform will capture this supply data and transmit it to the platform, with information such as the type of energy produced, the amount of energy available, the cost of the energy and its location.
Exchange Platform Highlights
Green City Development - Developing Countries
Now when I said WPP were being ambitious, I really meant it, and I'm glad to see their ambition is targeted at supporting developing countries.
In the longer-term, WPP aims to fund the creation of entire green cities that can house up to 200,000 people. WPP believe these cities can be constructed in just two years, with agricultural greenhouse towers that can feed 200,000 people per month.
WPP aims to target these projects at developing nations, to support them in their power supply problems. WPP will contribute 10% of the overall WPP coin profits to facilitate an increase in power production as a humanitarian aide to countries with the greatest needs.
WPP also intend to develop a Mobile App and Crypto Card for purchases, and develop their own Exchange, but most of these projects will be further down the track.
Summary of How WPP Will Operate
ICO Verdict
If WPP Energy can pull off just a portion of what they've set out to do, it will likely be a successful project. In particular, if WPP can develop energy solutions for Cryptocurrency Miners that are cheaper than their current energy choice, and develop a Green Energy Exchange platform, then the project will have enough momentum to generate value in the WPP Token.
The value of WPP token will be largely based on the success of the Green Energy Exchange platform, more so than the other components of the project, so I will be particularly focused on how that is developed.
With a strong team, proven track record and ambitious goals, this is a project I will be watching closely.
More detail on the project can be found on Bitcointalk, Telegram and Website.