WePower logo
Website

WePower (WPR)

ICO

WePower is a blockchain-based green energy trading platform.

IMPORTANT: By investing in this business you agree to our Disclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryEnergy & Utilities
Product typePlatform
FoundedUnited States

Charts

1h24h7d14d30d1y
Price
Market Cap
24h
7d
14d
30d
60d
90d
180d
365d
Max
Unable to load chart data.
Click here to try again

What is WePower

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 investors) 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.

Energy tokenization together with a platform built on an open decentralized data-base, opens the green energy market globally to a broad pool of investors. In an open platform, new energy projects do not depend on only local investors., Asset liquidity allows more favorable capital-to-debt ratios without using Government subsidies. We estimate that the simplification of the investment process through WePower will significantly reduce financing costs, which is eventually split between renewable energy producers and consumers/investors.

The WePower platform is ready. You can try the demo version on our web page. We are working on the launch of our pilot project with a transmission system operator Elering. Current partnerships with the renewable energy producers allow WePower to be operational within 9 months after the TGE. These partnerships will bring a pipeline of projects to be financed for the first 2 years of WePower operations.

Our team is led by energy experts Nick Martyniuk, Kaspar Kaarlep and Heikki Kolk, who lead a group of 12 highly experienced energy engineers and former-Skype programmers. Our team of engineers has previously worked on the smart metering implementation countrywide in Estonia, leader in the rollout of full smart grid in the world. Our Blockchain development is led by Jon Matonis (founding partner of Bitcoin Foundation) and our token economy is structured with the help of Eyal Hertzog (chief product architect of the Bancor Protocol).

The project is supported by the United Nations and the Ministry of Energy of the Republic of Lithuania, due to its potential social impact on climate change control. WePower will share part of its technologies to countries who implement green energy and CO2 accounting, using blockchain technologies.

The WePower innovative token model was clarified with the European regulator. It is structured as a reward based crowdfunding, where contributors are rewarded free energy which they may use or sell on the platform.

Details

Pre-sales: Sep 22, 2017 - Oct 23, 2017
Public sales: Feb 01, 2018 - Feb 02, 2018
Soft cap: 5,000,000 USD
Hard cap: 40,000,000 USD
Raised: 40,000,000 USD

Legal

Blockchain Platform: Ethereum
Office address: Antakalnio str. 17, LT-10312 Vilnius, Republic of Lithuania
Ehitajate tee 5, 19086 Tallinn, Estonia
152 Elizabeth St, Melbourne, 3000, VIC, Australia
Covarrubias Street 3, 28010, Madrid, Spain

Bounty

Translation: 13%
Social media: 13%
Bitcoin talk signature campaign: 20%
Other: 55

Token info

Ticker: WPR
Type: Security
Token standard: ERC-20
Token price in USD: 1 WPR = 0.125 USD
Token price in ETH: 1 ETH = 1,000 WPR
Accepted currencies: ETH
Token distribution:
55% - ICO
20% - Team
15% - Community and users growth
10% - Future stakeholders

Offices on the map

WePower Roadmap

1
First Quarter 2017

2017 January WePower concept is born

2
Third Quarter 2017

July 1 000 MW project pipeline secured
August MVP launched
September Deal for grid integration tests signed. 14 energy engineers joined the project

3
First Quarter 2018

February Closed financing round by raising 40 million USD
February start of SBC Energy Australia program

4
Second Quarter 2018

April Stage 1: WePower platform launch(preview)
May Connection to the energy infrastructure

5
Third Quarter 2018

July Platform testing
August Country-wide energy tokenization test in Estonia

6
Fourth Quarter 2018

November WePower operational in Spain, Estonia and Australia
December Distribution of donated energy to token holders

7
First Quarter 2019

Platform public beta launch in Australia
First green energy auctions on the WePower

8
Second Quarter 2019

Firming offers
PPA secondary trading marketplace launch
Donation pool distribution launch

9
Third Quarter 2019

International Expansion
Digitalization of existing PPAs for secondary trading

10
Fourth Quarter 2019

Introduction of corporate PPA portfolio optimization tools

Project team

Nikolaj Martyniuk
Nikolaj Martyniuk
Co-Founder, Energy
Nikolaj Martyniuk linkedin
Artūras Asakavičius
Artūras Asakavičius
Co-Founder, Investments
Artūras Asakavičius linkedin
Kaspar Kaarlep
Kaspar Kaarlep
CTO, energy
Kaspar Kaarlep linkedin
Jon Matonis
Jon Matonis
Blockchain advisor
Jon Matonis linkedin
Steven Meersman
Steven Meersman
Energy markets
Steven Meersman linkedin
Heikki Kolk Energy
Heikki Kolk Energy
IOT Expert
Heikki Kolk Energy linkedin
Nimrod Lehavi
Nimrod Lehavi
Payments
Nimrod Lehavi linkedin
Gytis Labašauskas
Gytis Labašauskas
Digital performance and user acquisition
Gytis Labašauskas linkedin
Rene Fischer
Rene Fischer
Brand strategy
Rene Fischer linkedin
Dr. Tadas Jucikas
Dr. Tadas Jucikas
Data Scientist
Dr. Tadas Jucikas linkedin
Mantas Aleksiejevas
Mantas Aleksiejevas
Marketing and sales
Mantas Aleksiejevas linkedin
Lukas Kairys
Lukas Kairys
Smart contracts consultant
Lukas Kairys linkedin
Aukse Siaudzionyte
Aukse Siaudzionyte
Content and social media manager
Aukse Siaudzionyte linkedin
Vytautas Alkimavičius
Vytautas Alkimavičius
Senior software engineer
Vytautas Alkimavičius linkedin
Liraz Siri
Liraz Siri
Security expert
Liraz Siri linkedin
Eyal Hertzog
Eyal Hertzog
Blockchain advisor
Eyal Hertzog linkedin
Aaron Bichler
Aaron Bichler
Investments
Aaron Bichler linkedin
Darius Rugevicius
Darius Rugevicius
Investments
Darius Rugevicius linkedin
David Allen Cohen
David Allen Cohen
Energy
David Allen Cohen linkedin
Trevor Townsend
Trevor Townsend
Head of StartupBootcamp Energy program
Trevor Townsend linkedin

Social media

WePower web-siteWePower RedditWePower MediumWePowerYouTubeWePower TelegramWePower LinkedInWePower TwitterWePower FacebookWePower Github

User rating:

5/5 ( 7 )
0

WePower rating

9.2
Claim admin rights for this project
ICObench4.2 / 5WePower (WPR) icobench
ICOholderNAWePower (WPR) icoholder
ICObenchNAWePower (WPR) icomarks
WPR PRICE
WPR/USD
WPR in BTC price

WePower Price

WePower ROI

Market Cap

Market Cap Dominance

Trading Volume

Volume / Market Cap

24h Low / 24h High

7d Low / 7d High

Market Cap Rank

All-Time High

All-Time Low

WePower/Bitcoin Ratio

WPR CALCULATOR
WePower NEWS
WPR MARKETS

How To get a verified Project status

To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

Horizontal
Square
Light
Dark
Height: 50 px
Width: 160 px

Leave a Reply

Your email address will not be published. Required fields are marked *

Top-Rated Crypto Projects

8.2
FRED Energy bountyFRED Energy Not Verified
FRED Energy logo
FRED Energy
ICO
IEO
FRED Energy aims to promote and facilitate greater adoption and generation of alternative energy by consumers and Fund Research into Energy Devices (FRED) Risin ...
Start ICOJun 29, 2019
End ICOMay 29, 2020
ReceivedPending
Goal$ 2,300,000