About
EcoWatt is a socially minded next generation renewable energy company that aims to disrupt the green energy market by creating an accessible community based 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 will enable the public to access the electricity market in the EU, invest in renewable energy assets, and create the necessary infrastructure for peer-to-peer energy trading.
The EcoWatt token is a limited-supply asset, which holds token recipients' equity stakes in a growing physical renewable energy portfolio. In short, EcoWatt offers an asset-backed token that increases in value while offering security, liquidity utility, and social impact. Simple tokenomics. 1 billion Tokens are mined by building a physical asset portfolio of 1 billion Watt Power (Wp). This means that 1 Token is equal to 1 Watt of renewable power connected to the network. On top of asset support and profit sharing benefits, the Token will unlock additional utilities as the power generation portfolio grows larger and generates more revenue.
Mission
The goal of the EcoWatt platform is to create the world's first self-sustaining community-based renewable energy owner/developer. Being community driven will enable the EcoWatt team to make decisions that value social and ecological impact more highly than traditional shareholder demands. The EcoWatt team is uniquely suited to accomplish this mission. 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 power plants in several European countries in the last 20 years. By leveraging blockchain, EcoWatt enables investors, communities and individuals to participate in renewable energy projects and facilitates a decentralized marketplace for renewable energy assets.
The energy sector is a clear example of an application with very promising potential benefits from implementing blockchain technology; many actors involved, intermediaries, and transactions – both physical and digital. Blockchain technology offers unmatched advantages in terms of security, traceability and trust/transparency among network participants. It is a disruptive tool that offers an avenue to complete the liberalization and decentralization of energy markets.
TECHNICAL INFRASTRUCTURE
POLYGON (MATIC) & BLOCKCHAIN ETHEREUM
The EcoWatt solution is an ERC20 compliant T-Rex token developed by Tokeny and released on the Polygon Network on top of the Ethereum blockchain. Polygon Network brings scale to Ethereum using a Plasma version adapted with PoS based side chains and solves problems such as block size and high gas costs. Polygon Network breaks the above barriers on Ethereum by building a decentralized platform using a customized version of the Plasma framework that provides a solution for faster and very low-cost transactions with finality on the main chain. In terms of functionality, the T-REX Token is probably the most advanced standard for tokenizing assets on the Ethereum public blockchain. Based on the ERC-20 standard, it equips it with more than 100 functions to enforce compliance and manage controls for Issuers, agents and Investors.
The system ensures liveliness using PoS checkpoints that are pushed to the Ethereum main chain. This allows a single Polygon (Matic) sidechain to theoretically reach 216 transactions per block, and possibly millions of transactions on multiple chains in the future.
THE ECOWATT PLATFORM – WWW.ECOWATT.IO
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 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.
Other cryptocurrencies such as BTC and ETH will also be usable on the platform. EcoWatt will offer the ability to transfer from BTC to EcoWatt directly on the platform using the daily spot rate, thus eliminating the need to use cryptocurrency exchanges, and making transfers much easier. EcoWatt will also make it easy for any user to exchange their existing cryptocurrencies or fiat money for the platform’s native token. The user simply sends the desired amount from his cryptocurrency wallet to the respective address of his user account at EcoWatt. The received amount will then automatically be converted to EcoWatt Tokens. All above features are accessible through a personalized dashboard that is easily accessible and requires no knowledge on how to use crypto exchanges.
THE ECOWATT ECOSYSTEM
HODL & 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 token rewards are paid directly to the token holder wallet. Should a token be sold earlier, the smart contract will automatically calculate a settlement for the previous calendar day and issue the corresponding reward at the next payment date. The new token holder will begin his lock up period starting the following calendar day.
COMMUNITY GOVERNANCE
EcoWatt wants to give a voice to the community and will incentivize them to participate on project identification and vote on social and ecological impact projects. It is the goal of the trust to build a self-governing community with moderators elected on the basis of activity, subject knowledge and a proof of stake as a token holder. 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. Beyond that everyone is equal and contributions are upvoted by the community on merit before the final decision is made by the Trust.
ECOWATT PAYMENT CARD
EcoWatt will leverage the operating assets in order to provide liquidity for the community. 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.
ECOWATT LENDING PLATFORM
Once the required mining target has been reached, 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.
FUTURE APPLICATIONS
The further expansion of the EcoWatt ecosystem will include a wide array of services. The company is planning to create further investment opportunities in the production of renewable energy, to attract developers to utilize the platform and create exponential growth. Additionally, the ecosystem will create the required architecture for people to trade energy generated by their own renewable sources such as sun, wind, hydro and biowaste. Community members will receive exclusive discounted early access to all future projects as the EcoWatt solution is expanded to serve third party projects.
ECOWATT
Every 1 Watt of solar power, that replaces 1 Watt of coal power, saves 2 Kg of CO2 emissions per year.
Ecowatt is a fixed supply, proof of stake mined, store of value token backed by a growing renewable energy asset portfolio that increases its value over time.
1 Ecowatt token = 1 Watt installed renewable power (Wp).
The ECOWATT token is the first appreciating token backed by real-world physical assets that offers asset backed security, store of value, reward revenue and financial utility, whilst driving environmental and social impact.
A maximum supply of 1 billion tokens, which are mined by providing liquidity to build a 1 billion (1 000 000 000 Watt) power portfolio of renewable power plant assets. As the portfolio grows beyond the 1 billion Wp mining target, the value of the token increases due to the fixed token supply.
Using our 2025 target of 5 Watts of Power per 1 Token, the estimated value per Token could exceed EUR 15,00 driven by asset value, asset revenue, lending power, financial utility and scarcity of Tokens versus demand.
THE ECOWATT TOKEN
The EcoWatt Token derives its core value from physical revenue generating renewable energy assets. This gives the Token an increasing value and income, that increases as the asset portfolio backing grows 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 as well as a pre-paid debit card that allows members to spend their earnings crypto based earnings freely in thousands of stores directly.
LIMITED TOKEN SUPPLY
Proof of stake mining:
1 billion Tokens mined by acquiring renewable energy assets
1 token mined equals 1 Watt Power of renewable energy assets installed.
Asset backed Security:
An appreciating store of value backed by real world revenue generating assets.
Income from Hodl & Staking rewards backed by real world revenue generating assets.
Liquidity
Token collateral unlocks credit card payment feature
Token collateral enables low-cost lending access
Utility:
Exclusive access to community discounts
Exclusive access to future projects
Exclusive vote on social impact projects
Bragging rights Impact:
750.000 Tons of CO2 will be saved annually by renewable assets.
2 million trees will be planted annually.
Proof of stake mining:
1 billion Tokens mined by acquiring renewable energy assets
1 token mined equals 1 Watt Power of renewable energy assets installed.
Asset backed Security:
An appreciating store of value backed by real world revenue generating assets.
Income from Hodl & Staking rewards backed by real world revenue generating assets.
Liquidity
Token collateral unlocks credit card payment feature
Token collateral enables low-cost lending access
Utility:
Exclusive access to community discounts
Exclusive access to future projects
Exclusive vote on social impact projects
Bragging rights Impact:
750.000 Tons of CO2 will be saved annually by renewable assets.
2 million trees will be planted annually.
ECOWATT TOKEN OFFERING
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.
A total of not more than 1.000.000.000 tokens will be mined and released onto the Ethereum block-chain via the Polygon (Matic) Network as ERC20 T-Rex tokens.
TOKEN NAME: EcoWatt (ECW)
TOTAL TOKEN SUPPLY: 1.000.000.000 ECW
TOKEN MINING ALLOCATION
Founders: 7%
Advisers: 3%
Company, Team: 10%
Community Mining Token
Private Sale I & II 10% (4,5% + 5,5%)
Mining Pool: 70%
DATES
PRIVATE SALE I: CLOSED (Fully Subscribed)
Minimum Buying Amount: 125.000 EUR, sophisticated investors only*
Token allocation: 45.000.000 ECW @ €0,05 per
ECW Lockup period: 6 to 12 months
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
EcoWatt token buyers will have to undergo the KYC procedure. Moreover, certain restrictions will apply for participants from various countries.
Connect with EcoWatt
WEB: https://ecowatt.io/
TELEGRAM: https://t.me/ecowatt
TWITTER: https://twitter.com/Ecowatt_
FACEBOOK: https://www.facebook.com/EcoWatt-110305757909105
WEB: https://ecowatt.io/
TELEGRAM: https://t.me/ecowatt
TWITTER: https://twitter.com/Ecowatt_
FACEBOOK: https://www.facebook.com/EcoWatt-110305757909105
Author: cemaralangit
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3325124
Telegram Username: @cemaralangit
ETH Wallet Address: 0xeFF21d8c5dA4641f11EEf4bAc838F832AFa4A4a6
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