WePower is a green energy trading platform based on the blockchain that directly connects energy consumers with energy producers. It encourages green energy production by tokenizing green energy (Tradeable Smart Energy Contracts) and allowing consumers to purchase the energy upfront thus providing liquidity and access to capital to producers. Consumers benefit from discounted prices and paying only for the energy that they consume. This system helps save a lot of time and other resources for allShow more [+] the involved parties. The Tradeable Smart Energy Contracts are a representation of the amount of energy a producer projects to give out in the future and the distribution of the same among investors.
Every transaction on the WePower platform will be carried out using WPR, an ERC20 token. WePower's ICO (Initial Coin Offering) ended on the 2nd of February 2018 and raised $40 million. The price of the token during the ICO was 0.1250 USD. The token is now listed on Binance, Huobi, Liqui, Kucoin, IDEX, Bitbns and Ethfinex exchanges.
The platform has its headquaters in Lithuania, and supporting offices in Lithuania, Spain and Australia. It is managed by a team of experts in finance, digital transformation and energy. Key among this team are Nikolaj, Martyniuk, CEO and co-founder, Arturas Asakavicius, COO and co-founder, Kaspar Kaarlep, CTO and co-founder and Kristjan Kuhi, the chief Architect among others