Making crypto green again, that’s the philosophy EcoWatt lives by. Ecowatt is leveraging the blockchain and loyal crypto community to accelerate the shift to green & sustainable energy. Currently, they are preparing the highly anticipated launch of its Initial Exchange Offering which will be listed on Bitforex in October 2021.
What Is EcoWatt?
EcoWatt is the world’s first store of value on the blockchain, which is backed by government contracts. Ecowatt is a Climate change Governance Token whose value and utility will be decided by a real-life green asset portfolio that includes solar, wind, hydrogen, and geothermal power plants. The EcoWatt tokens are backed by green power assets that turn sunshine into clean power and hold government contracts for up to 20 years. This makes them the first blockchain initiative with governmental support to accelerate the green energy transition. The ecowatt token (EWT) can be staked by the community of users and they can leverage up to 50% of the token value for an instant low-cost liquidity loan while also earning daily rewards. To reduce the carbon impact in crypto mining, EcoWatt uses green electricity and carbon offsetting that it receives from planting over 2 million trees. This way, the enterprise partners (crypto miners) stake EcoWatt with green energy, allowing green crypto mining.
The tokens give access to Governance Decisions, Exclusive NFTs, Project Opportunities within EcoWatt crypto mining initiative and to Secure Carbon Certificates generated by the green asset portfolio
Problem In The Industry And How EcoWatt Addresses It
The global electricity market is mainly controlled by governments and hedge funds. This creates scarcity and inaccessibility to retailers and other small scale consumers. EcoWatt aims to disrupt the unequal supply chain of electricity to make it accessible to the retail community, which they believe is for the first time ever. EcoWatt opens doors for people to build a clean energy portfolio and use the blockchain technology of the platform to provide co-ownership to those in the community. EcoWatt’s scalable platform is built using Polygon (Matic) ERC20 standard and utilised smart contracts.
What difference can Ecowatt Bring To The World?
EcoWatt prioritises the environment and social impact over profits. It empowers the community to get a stronger grip on renewable energy and help in accelerating its growth at the pace of large organisations. EU statistics say that every 250 Watt of solar power saves 500 Kg of CO2 emissions per year by replacing 250 Watt of coal power. EcoWatt has a mining pool target of 1 billion Watt and it will be saving 750,000 Tons of CO2 emissions per year. Facilitating everyday people to make an environmental impact by holding the tokens.
EcoWatts Energy’s vision is to build a 100% sustainable planet and it contributes to the UN Agenda for 2030. The community will also be planting millions of trees to further contribute to this cause.
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