WePower is the first worldwide blockchain based green energy trading platform that as of late completed its pre-sale. Amid the pre-sale, that was available to everybody, WePower sold around 8.5% of its tokens for $3M.
One of the greatest worldwide new companies accelerator that has its program in a portion of the significant startup centers, for example, New York, London, Amsterdam, Berlin, Singapore and some more. This additionally denotes a huge recognition of technological accomplishments of new businesses to alter the energy market by utilizing blockchain.
WePower is the biggest ICO in the energy section so far and according to Nikolaj Martyniuk, the fellow founder and CEO of WePower, the interest the venture has gotten features “the viability of bringing green energy onto the blockchain.”
WePower is essentially a platform that enables the developers of green energy power plants to raise capital by offering their future energy yield in energy tokens. Additionally, because of the production volumes of green energy finance being recorded in a distributed open ledger, its blockchain innovation likewise make the green energy accounting substantially more transparent.
The ICO sale of WePower began on February 1, 2018, and would close on February 14, 2018.
The project acknowledges just ETH and the cost of its token WPR is 1 ETH = 8,000 WPR. In light of the ethereum platform, the delicate cap of this ICO is 5,000,000 USD and the hard cap is 40,000,000 USD. Be that as it may, it is limited to the US region.
The individual cap for the initial 5 hours (that started on February first, 12:00 PM UTC and finished on February first, 5:00 PM UTC). Some other helpful details:
- The Individual cap for a single wallet was 0.2 ETH.
- The Minimal contribution was 0,1 ETH.
- The Recommended gas limit was 300,000.
- The Recommended gas price was 23 GWei.
- Unlimited cap (From February 1st, 5:00 PM UTC)
The sum that was not bought amid the first round with the individual caps will be accessible for any whitelisted wallet to be acquired with no cap.
The idea of WePower is essentially to transform the renewable energy into a asset class which is a brilliant move. Also, developing into a virtual utility supplier make on this venture a phenomenal decision for investors to get themselves into. The idea has a potential however the issues will come into the execution stage. In spite of the fact that there are still a few holes that should be filled in, as far as the technical and engineering part of the project, WePower is positively an ICO that demands attention.