WePower enables renewable energy producers to raise capital by issuing their own energy tokens. These tokens represent energy they commit to produce and deliver. Energy tokenization standardizes simplifies and opens globally currently existing energy investment ecosystem. As a result energy producers can trade directly with the green energy buyers (consumers and in-vestors) and raise capital by selling energy upfront, at below market rates. Energy tokenization ensures liquidity and extends access to capital. The WePower blockchain solution is currently recognized by Elering, one of the most innovative Transmission System Operators in Europe.
To optimize the financing cycle and open access to capital, WePower enables energy tokenization. Tokenized energy represents a contracting mechanism between an energy producer and energy buyer.
WPR token holders will have priority access to participate in auctions for purchasing tokenized energy once the renewable energy plant is connected to the platform.
Energy allocation will depend on the number of WPR tokens held by the participant. Moreover, WPR token holders are rewarded by no less than 0.9% of tokenized energy donated directly by the renewable energy providers. WPR token holders may use or sell this energy.
WePower comes to the market at a crucial time. Due to a drop in subsidies and increased renewable energy development competing at market price, banks started increasing demand for own capital decreasing debt to capital ratio. It moved from 20:80 to close to 50:50 ratio for newly developing renewable energy projects. Equity capital became a limited source of financing contributing to a plunge (-23% YoY) in investment due to smaller leverages.
WePower
WePower is a blockchain-based green energy trading platform. It connects energy buyers (households and investors or market makers) directly with the green energy producers and creates an opportunity to purchase energy upfront at below market rates. WePower uses energy tokenization to standardize, simplify and open globally the currently existing energy investment ecosystem.
Energy tokenization ensures liquidity and extends access to capital. Moreover, it provides the first access to live trade in renewable energy globally for everyone. With a possibility to be integrated with IOT for purchase or exchange of energy as a base layer of the digital energy world, WePower will lead decentralized energy transformation.
Legally WePower acts as an independent energy supplier, allowing WePower platform to be connected to the energy grid and the local energy exchange market as well as energy end users. WePower receives data about the produced, consumed energy and energy price from the energy grid and energy exchange markets.
Token Sale
Total WPR token supply (100%) : Total token supply will be determined and announced closer to the token sale date to account for the ETH price fluctuations. Token supply will be based on the fund raising targets outlined below.
Total WPR token supply for sale (55%) : Tokens sold during pre-sale and public sale events will comprise 55% of the total token supply. Total token supply for the sale will amount to 35 million USD (our hard cap).
Team, community and user growth (45%) : The number of tokens depend on the number of sold tokens.
Unsold tokens : Burned
Soft cap : 5 million USD
Exchange rate for token sale until the soft cap : 1 ETH - 4600 WPR
Exchange rate for token sale above the soft cap : 1 ETH - 4000 WPR
Minimum investment amount : 200 USD in ETH
Main token sale date : 1 February 2018
Public token pre-sale : Completed on 22 October 2017 after raising 3 million USD.
Period of the token sale : 14 days (block number TBD)
Token contract address : Will be available and published only at https://wepower.network
Token creation will end when either the maximum number of WPR is issued or the contribution period has ended. If less than the minimum soft cap of tokens are issued, token sale contributions may be retrieved. Unsold tokens will be burned. Tokens allocated to the team (20%) will be locked for 3 years with a vesting schedule and tokens for the future (10%) use will be locked for 4 years. Community and user growth tokens (15%) will not be locked.
Token Distribution
WePower will sell 55% of all token supply during the pre-sale and main sale. The sold WPR tokens will comprise 55%. Unsold tokens will be burned. Tokens allocated to the team will be locked for 3 years with a vesting schedule and tokens for the future use will be locked for 4 years.
Token Sale Objectives
Funds raised during the contribution period will be used solely for the development and benefit of WePower. A budget has been outlined below, representing a scenario where our soft cap has been reached:
Team
WePower solves market challenges and inefficiencies through a complex platform, which requires a combination of energy, the blockchain, crowdfunding, market trading, independent energy supply knowledge, and experience. The WePower team synergizes this essential mix of expertise to create a new generation utility company.
Nikolaj Martyniuk - Co-Founder and CEO
With a background in international renewable energy development from plant construction to energy sales through independent energy suppliers. Nikolaj is responsible for overall strategy and business development. He is also one of the founding partners of Smart Energy Fund.
Artūras Asakavičius - Co-Founder
With a background in regulation and Fintech. For the past 5 years, he led a team of lawyers, responsible for all FinTech, blockchain, and cryptocurrency related businesses and regulation at the biggest law firm in the Baltics - Sorainen. Arturas is focused on investor relations and legal aspects of the business. He is also chairman of the Lithuanian Fintech Association and twice recognized as a Lithuanian Crowdfunding Patron by the EU Commission.
Kaspar Kaarlep - CTO
Kaspar previously was the CTO of a large National DSO, and has worked on the green energy integration and Smart Grids challenge from different angles for 7 years. He was responsible for development and execution of the DSO strategic plan, and their Smart Grid technology roadmap as well as the management of the overall Information Technology and Operational Technology enterprise architecture. Kaspar is a well known speaker at European conferences regarding energy systems digitalization, specializing in building and implementing big data analytics systems and smart meters.
Heikki Kolk - Complex System Architecture
Heikki is the Principal Consultant for Catapult Lab’s consulting services team. In this role, he leads the overall activity of our three consulting service offerings; Systems Integration, Post-Security Risk Assessment Support, and Business Analysis & IT Governance Support. Prior to working at Catapult Labs, Heikki worked for Elektrilevi, the largest distribution system operator in Estonia, holding different positions over 10 years. He started as a SCADA engineer, participating in and leading different projects such as the transition to IP-based SCADA networks and upgrading Elektrilevi’s SCADA system. Later he was responsible for defining control center use cases in all major IT development and implementation projects in Elektrilevi, including a customer information system, several asset management systems, and smart metering systems. While he was the Smart Grid architect, Heikki consulted with colleagues in defining new solutions like advanced analytics, demand-side response and distributed generation management platforms.
Kaspar and Heikki bring together a team of 12 energy engineers and ex-Skype programmers with a commitment to connect WePower to the energy infrastructure to become the new generation utility company.
Details Information
Website : https://wepower.network/
Telegram : https://t.me/WePowerNetwork
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=795655
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