EcoWatt - The Climate Change Token powered by Green Energy
Overview
Green energy is important for the environment as it replaces the negative effects of fossil fuels with more environmentally-friendly alternatives. Derived from natural resources, green energy is also often renewable and clean, meaning that they emit no or few greenhouse gases and are often readily available.
Renewable energy also helps conserve the nation's natural resources. Renewable energy provides reliable power supplies and fuel diversification, which enhance energy security and lower the risk of fuel spills while reducing the need for imported fuels. Renewable energy also helps conserve the nation's natural resources.
What is EcoWatt?
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.
Mission of EcoWatt
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.
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.
What is EcoWatt Token?
EcoWatt is native token being use on the EcoWatt ecosystem. The EcoWatt Token derives its core value from physical revenue-generating renewable energy assets. The EcoWatt solution is an ERC20 compliant T-Rex token developed by Tokeny and is released on the Polygon Network on top of the Ethereum blockchain.
Usage of Token:
- Token value derives from a physical revenue-generating model of renewable energy sources gives the Token a predictable stable value and income, that increases as the asset portfolio backing grow 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
- The pre-paid debit card allows members to spend their earnings crypto-based earnings freely in thousands of stores directly.
Tokonomics
Token Name: EcoWatt (ECW)
Total Supply: 1.000.000.000 ECW
Block-chain: Ethereum via the Polygon (Matic) Network
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.
The EcoWatt Platform
The EcoWatt platform is the access point for the community to participate and engage with the community and the ecosystem. Here, members will have access to relevant information, updates and have a reliable trustless mechanism to access a growing array of services, products, and project opportunities as well as manage and trade their tokens easily and swiftly with other members peer to peer.
More importantly, the platform provides access to the liquidity mining pool, utility features, access to community discounts, and future projects. Using the Wallet, members can provide liquidity to secure discounted Token claims as well as buy and trade tokens on the Tokeny peer-to-peer platform.
The EcoWatt Ecosystem
Holding and Staking Rewards: Hodl & Staking rewards are calculated daily after an initial lock-up period of 3 months. Settlement occurs quarterly following the reporting schedule of the trust and stable coin rewards are paid directly to the token holder wallet.
EcoWatt Lending Platform: EcoWatt platform will unlock a lending feature that provides fiat loans against EcoWatt Token collateral. Low-cost loans will be made available for all members who stake their coins, as well as provide low-cost loans to renewable energy and social impact projects.
EcoWatt Payment Cards: A pre-paid debit card will be made available that enables cardholders to spend balances that are linked to the EcoWatt Wallet mobile application. The goal is to provide high liquidity to the community and integrate crypto solutions in everyday life.
Community Governance: EcoWatt wants to give a voice to the community and will incentivize them to participate in project identification and vote on social and ecological impact projects. The community will vote on social impact projects presented by the Trust and selected third parties and contribute to a cleaner, greener, and more sustainable world. In order to participate in community-based activities, a member must stake a specified % of their EcoWatt Tokens.
All the above features are accessible through a personalized dashboard that is easily accessible and requires no knowledge on how to use crypto exchanges.
Token Offering
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
Conclusion
The energy sector is a clear example of an 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 EcoWatt Token is the first appreciating stable coin backed by real-world physical assets that offer asset-backed security, store of value, reward revenue, and financial utility whilst driving environmental and social impact.
Read More Here
➡️Website: https://ecowatt.io/
➡️Telegram: https://t.me/ecowatt
➡️Facebook: https://www.facebook.com/EcoWatt-110305757909105
➡️Twitter: https://twitter.com/Ecowatt_
URL link profile : https://bitcointalk.org/index.php?action=profile;u=2060180;sa=forumProfile
ETH : 0xbfc2a588e5c91c84ac124a9959c3ecaa4571e675
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