EcoWatt | the first green asset backed Climate Change Governance Token
Tags: Blockchain, Cryptocurrency, Ecowatt, Green Energy, Defi

What is Ecowatt about ?

EcoWatt is a socially minded next generation renewable energy company that aims to disrupt the green energy market by creating the first easily accessible community driven 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 makes it possible for the community to access electricity markets in the EU, invest in renewable energy assets, and create the infrastructure necessary for peer-to-peer trading of energy.

The EcoWatt Token is a finite supply asset that holds the tokenized beneficiary rights of an equity share in a growing physical renewable energy portfolio. In a nutshell EcoWatt offers an asset backed stable coin that increases in value while offering security, liquidity utility and social impact. Tokenomics are simple. 1 billion Tokens are mined by building a 1 billion Watt Power (Wp) physical asset portfolio. This ​means that 1 Token equals 1 Watt of renewable power connected to the grid.

On top of the asset backing and benefit of a revenue share, the Token will unlock additional utility as the power plant portfolio grows larger and earns more income.

ECOWATT PLATFORM – WWW.ECOWATT.IO

The EcoWatt platform is an access point for communities to participate and engage with communities and ecosystems. Here, members will have access to relevant information, updates and have a reliable trustless mechanism, access an ever-expanding range of services, products and project opportunities as well as manage and trade their tokens easily and quickly with other members on a peer-to-peer basis. peers. More importantly, the platform provides access to liquidity mining pools, utility features, access to community discounts, and future projects. By 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.

with ERC20 developed by Tokeny and released on the Polygon Network on top of the Ethereum blockchain. Polygon Network brings large 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.

ECOWATT ECOSYSTEM

COMMUNITY GOVERNANCE

Hodl & Staking Rewards are calculated daily after the initial 3 month lockout period. Settlement occurs quarterly following a trust reporting schedule and token rewards are paid directly to the token holder's wallet. If tokens are sold early, the smart contract will automatically calculate settlement for the previous calendar day and issue the corresponding reward on the next payment date. New token holders will start their lockout period starting the next calendar day.

EcoWatt wants to give communities a voice and will encourage them to participate in 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 selected based on activity, subject knowledge and proof of ownership as token holders. 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. To participate in community based activities, a member must stake their specified % of EcoWatt Tokens. Beyond that, everyone is equal and contributions are selected by the community on merit before a final decision is made by the Trust.

Mission

The goal of the EcoWatt platform is to create the first self-sustaining community driven renewable energy owner/developer in the world. Being driven by the community will allow the EcoWatt team to make decisions that value social and ecological impact higher than traditional shareholder demands. The EcoWatt team is uniquely suited to achieve 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 plants in several European countries in the last 20 years. By leveraging the 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 application with very promising potential benefits from the implementation of blockchain technology; many actors involved, intermediaries, and transactions - both physical and digital. Blockchain technology offers incomparable advantages in terms of security, traceability and confidence/transparency among the network participants. It is a disruptive tool that offers a path to complete liberalization and decentralization of energy markets.

FEATURES

The ECOWATT Governance 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.

Proof of stake Token issuance

For each 1 Token sold, 1 Watt of Green Power is connected to and verified by the respective national grid on a public ledger.

Asset backed Value

The Green assets

provide ongoing revenue that fund asset growth to increase Token value, staking rewards, access to low cost liquidity lending and social impact projects.

Utility

The EcoWatt Community that backs the project by staking Tokens receives the right to vote on fund allocation into social impact projects in the area of energy, food and water security as well as tree planting projects.

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. The Founders receive zero Tokens in advance and are 100% tied to the success of the project. 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.

Our Team

The ECOWATT team consists of passionate professionals with extensive experience in renewable energy, real estate development, finance, and digital solutions.

The company is headquartered in Dublin, Ireland, and has subsidiaries in Bucharest and Istanbul.

1. Thomas Puskas

(Managing Director, Founder)

2. Paul Flynn

(Chief Operating Officer, Co-Founder)

3. Matthew Edwards

(Director Institutional Investors)

4. Dr. Rolf Schiffer

(Director Energy projects)

5. Csongor Veress

(Project development MENA region)

6. Marius Nitescu

(Project development MENA region)

Advisers

1. Daniel Coheur

2. Anna Tutova

3. Terry O’Hearn

For more information about Ecowatt this project you can see it below:

WEBSITE: https://ecowatt.io/

FACEBOOK: https://www.facebook.com/EcoWatt-110305757909105

TELEGRAM: https://t.me/ecowatt

TWITTER: https://twitter.com/Ecowatt_

#ecowatt #cryotwinter #greencrypto #climatechange #storeofvalue #cryptocurrency #blockchain #desentralisasi #defi

Author

Bitcointalk Username: Derryl12

Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2629388

ETH Wallet Address: 0xa99adacee9ffeeb11afcdfe304b5db0d8a438e49