WePower is a blockchain-based green energy trading platform and a cryptocurrency. It is designed to enable the financing and trading of renewable energy by utilizing blockchain technology. WePower aims to democratize access to green energy and transform the way it is produced and consumed.
The platform allows renewable energy producers to raise capital by selling future energy output (represented by "Energy Tokens") directly to energy consumers, bypassing intermediaries. By tokenizing energy, WePower aims to provide more efficient and transparent financing for green energy projects.
The WePower cryptocurrency (WPR) is the native token of the platform. The token serves several purposes, including accessing the energy tokens, participating in energy auctions, and enabling community-driven project decision-making. Token holders can also benefit from dividend-like rewards based on the production of the energy projects they have supported.
WPR tokens can be earned or purchased during the token sale events. The project was initially launched through an Initial Coin Offering (ICO) in 2018, where investors had the opportunity to purchase WPR tokens.
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