We could all stand to be a little more green in our lives but it isn’t always easy to be (not that that’s any excuse). The green option isn’t always an option, unfortunately. Fossil fuels are still the main form of energy these days. A change needs to be made in how we go about our daily lives and that change might be coming to us in the form of an ICO – a blockchain powered green energy-based ICO.
WePower is a blockchain-based green energy trading platform. It will be capable of connecting existing, as well as new, renewable energy producers with companies and individuals wanting to switch over to clean energy. With the launch of its WPR token, energy producers can donate part of the energy they produce to WPR token holders, who can then choose to either use that energy directly or sell it. This is beneficial to everyone involved and, most importantly, to the environment. Energy producers will be able to raise capital by issuing their own energy tokens and buyers will have easy and ongoing access to green energy for their use or profit.
This is both a good and necessary idea. There’s no denying that the environment is in bad shape, yet funding for new renewable energy projects has actually decreased. Banks require greater equity now for these types of projects, lowering the incentive to begin any in the first place. Investments in renewable energy projects have declined 23% year-on-year. This makes a platform like WePower incredibly vital in a rather barren landscape.
WePower is in a strong position for success. The team behind WePower consists of experts in energy and energy technologies, as well as those with working knowledge of blockchain development and token economy. But that’s just talk. Listen to the numbers. WePower launched its pre-ICO in the latter half of 2017, selling 8.5% of the total WPR tokens offered for a total of $3 million – all within three weeks of the pre-ICO launch. That means people are scrambling to be a part of this. It also puts WePower incredibly close to its soft cap goal of $5 million. That was just the pre-ICO too; the official ICO is set to take place from February 1-14 and if the pre-ICO is anything to go by, then this ICO is destined to take off and take off fast.
Start Date: 01 Feb 2018. End Date: 14 Feb 2018.
Find out more about WePower here.
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