What is Ecowatt about ?
EcoWatt is a socially minded next generation renewable energy company that aims to disrupt the green energy market by creating the first easily accessible community driven renewable energy company dedicated to providing clean green energy to the world. EcoWatt is setting up a renewable energy platform and issuing the EcoWatt Token, this makes it possible for the community to access electricity markets in the EU, invest in renewable energy assets, and create the infrastructure necessary for peer-to-peer trading of energy.
The EcoWatt Token is a finite supply asset, that holds the tokenized beneficiary rights of an equity share in a growing physical renewable energy portfolio. In a nutshell EcoWatt offers an asset backed stable coin that increases in value while offering security, liquidity utility and social impact. Tokenomics are simple. 1 billion Tokens are mined by building a 1 billion Watt Power (Wp) physical asset portfolio. This means that 1 Token equals 1 Watt of renewable power connected to the grid.
On top of the asset backing and benefit of a revenue share, the Token will unlock additional utility as the power plant portfolio grows larger and earns more income.
•Mission•
The goal of the EcoWatt platform is to create the first self-sustaining community driven renewable energy owner/developer in the world. Being driven by the community will allow the EcoWatt team to make decisions that value social and ecological impact higher than traditional shareholder demands. The EcoWatt team is uniquely suited to achieve this mission. EcoWatt combines renewable energy professionals, with Blockchain experts and social impact entrepreneurs. Individually and as a team, they have built large-scale wind and solar plants in several European countries in the last 20 years. By leveraging the blockchain, EcoWatt enables investors, communities, and individuals to participate in renewable energy projects and facilitates a decentralized marketplace for renewable energy assets.
The energy sector is a clear example of application with very promising potential benefits from the implementation of blockchain technology; many actors involved, intermediaries, and transactions – both physical and digital. Blockchain technology offers incomparable advantages in terms of security, traceability and confidence/transparency among the network participants. It is a disruptive tool that offers a path to complete liberalization and decentralization of energy markets.
•The Opportunity•
The energy system is becoming increasingly electric and digitalized. With electricity becoming the central energy carrier, gross electricity consumption will more than double by 2050. Drivers of electricity demand growth include increased economic activity and the widespread use of electricity for heat, the emergence of renewable hydrogen, and a global fleet of EV’s.
More than 60% of electricity generation will come from wind and solar. Improved EV charging, electrified heat and hydrogen production can be used to store energy and match the variable demand. in the power sector and to provide flexibility for the operation of the system. The share of renewable electricity would increase from almost 25% today to 86% in 2050. About 60% of total generation in 2050 would be accounted for by variable renewables, such as solar and wind. Due to these changes, the global energy transformation is more than a simple transformation of the energy sector – it is a transformation of societies and economies.
Becoming the world’s first climate-neutral continent by 2050 is the objective behind the European Green Deal, the most ambitious package of measures that should enable European citizens and businesses to benefit from sustainable green transition.
•DIGITALIZATION IS A KEY ENABLER TO AMPLIFY THE ENERGY TRANSFORMATION•
Smart innovations can be turned into smart solutions using a range of digital technologies. Digital innovations (such as artificial intelligence, blockchain, etc.,) are increasing and could greatly impact power systems in many different, positive ways. The private sector will be a key driver for the energy transformation. Enabling smarter energy systems through digitalization (e.g., blockchain), to promote the coupling of private investments with greater electrification and to embrace decentralization trends.
The growing demand for renewable energy will bring private sector investments in line with public policies and ecological requirements. So far, the private sector is still growing in the development of renewable energy due to large upfront costs. Digitalization of these processes allows a mass application like a blockchain renewable energy platform for all activities related to energy – from independent investments in renewable energy and energy projects to a safe and fast way to pay your electricity bill.
Reducing greenhouse gas emissions will ultimately depend on the private sector recognizing the inherent commercial opportunities. The more investors see that economic growth and fighting climate change go hand in hand, the faster we’ll be able to move to a clean-energy economy.
It takes 25 years – a generation – to transform an industrial sector and all the value chains. To be ready in 2050, decisions and actions need to be taken in the next five years.
•THE ECOWATT TOKEN•
The EcoWatt Token derives its core value from physical revenue generating renewable energy assets. This gives the Token a predictable stable value and income, that increases as the asset portfolio backing grows larger. On top of the asset backing and benefit of a revenue share, the Token will unlock additional utility as the portfolio grows larger and earns more income. In the future, this asset backing will allow the EcoWatt to offer low-cost liquidity lending solutions to community members who stake their tokens as well as a pre-paid debit card that allows members to spend their earnings crypto based earnings freely in thousands of stores directly.
•LIMITED TOKEN SUPPLY•
•Proof of stake mining•
– 1 billion Tokens mined by acquiring renewable energy assets
– 1 token mined equals 1 Watt Power of renewable energy assets installed.
•Asset backed Security•
– An appreciating store of value backed by real world revenue generating assets.
– Income from Hodl & Staking rewards backed by real world revenue generating assets.
– Liquidity
– Token collateral unlocks credit card payment feature
– Token collateral enables low-cost lending access
•Utility•
– Exclusive access to community discounts
– Exclusive access to future projects
– Exclusive vote on social impact projects
•Bragging rights Impact•
– 750.000 Tons of CO2 will be saved annually by renewable assets.
– 2 million trees will be planted annually.
•ECOWATT TOKEN OFFERING•
An allotment of less than EUR 100.000 is possible to fewer than 150 non-qualified investors per EU Member State according to the EU Prospectus Directive.
The EcoWatt Token will be offered via the Tokeny powered EcoWatt platform and will be later available at selected exchanges. Token mining requires a one-to-one ratio of 1 Token being backed by 1 Watt of Power. In order to achieve this, EcoWatt has arranged two funding rounds before transitioning into a public access liquidity pool for community members to purchase discounted Token claims.
A total of not more than 1.000.000.000 tokens will be mined and released onto the Ethereum block-chain via the Polygon (Matic) Network as ERC20 T-Rex tokens.
•Tokonomics•
Token Name: EcoWatt (ECW)
Total Supply: 1.000.000.000 ECW
Block-chain: Ethereum via the Polygon (Matic) Network
TOKEN MINING ALLOCATION:
• Founders: 7%
• Advisers 3%
• Company, Team 10%
Community Mining Token
• Private Sale I & II 10% (4,5% + 5,5%)
• Mining Pool: 70%
DATES
PRIVATE SALE I: CLOSED (Fully Subscribed)
Minimum Buying Amount: 125.000 EUR, sophisticated investors only*
Token allocation: 45.000.000 ECW @ €0,05 per
ECW Lockup period: 6 to 12 months
PRIVATE SALE II: 15/05/2021 – 15/06/2021
Minimum Buying Amount: 125.000 EUR, sophisticated investors only*
Cryptocurrencies accepted: Bitcoin (BTC), Ethereum (ETH)
Token issue: 55.000.000 ECW @ €0,10 per ECW
Lockup period: 6 to 12 months
LIQUIDITY MINING POOL: 07/2021
Open ended until 700.000.000 Tokens mined.
Minimum buying amount: 100 EUR
Token issue: 700.000.000 ECW @ €0,30+ per ECW
No vesting period / no lockup
EcoWatt token buyers will have to undergo the KYC procedure. Moreover, certain restrictions will apply for participants from various countries.
For More Information EcoWatt project:
Website: https://ecowatt.io/
Telegram: https://t.me/ecowatt
Facebook: https://www.facebook.com/EcoWatt-110305757909105
Twitter: https://twitter.com/Ecowatt_
hashtags: #ecowatt #cryotwinter #greencrypto #climatechange #storeofvalue #cryptocurrency #blockchain #decentralization #defi #btc.
•AUTHOR•
Bitcointalk Unsername: DinahDiyanah
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2735564;sa=summary
ETH Address: 0x66D54Da8D3bE790B3e0165D80c5ec434df2dB1Bc