EcoWatt

 

EcoWatt - The Climate Change Token

ECOWATT

The Climate Change Token powered by green energy.

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 stable coin 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.  

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.  

TECHNICAL INFRASTRUCTURE

1. POLYGON (MATIC) & THE ETHEREUM BLOCKCHAIN

The EcoWatt solution is an ERC20 compliant T-Rex token developed by Tokeny and is released on the Polygon Network on top of the Ethereum blockchain. Polygon Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains and solves issues such as blocksize and high gas fees. Polygon Network solves the above obstacles on Ethereum by building a decentralized platform using an adapted version of Plasma framework that provides a solution for faster and extremely low-cost transactions with finality on the main chain. In terms of functionality, the T-REX Token is probably the most advanced standard to tokenize assets on the Ethereum public blockchain. Based on the ERC-20 standard, it supplements it with more than 100 functions to enforce compliance and manage control for the Issuer, agents and Investors.

2. 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.

The system ensures liveliness using PoS checkpoints which are pushed to the Ethereum main chain. This enables a single Polygon (Matic) sidechain to theoretically achieve 216 transactions per block, and possibly millions of transactions on multiple chains in the future.

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 stable coin 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 PLATFOR M

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.

The EcoWatt Token is the first appreciating stable coin 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.

STABILITY

As a stable coin, it is also the first of its kind, that does not require an exposure to Fiat currency or passive gold but instead derives its value from income generating assets. This means it is inflation proof and increases in value over time floating upward with inflation, while also increasing in value in terms of asset to token ratio and ever-increasing utility and demand.

UTILITY

In terms of utility, the Token will pay a reward for Hodl and Staking, serve as collateral for lending offers, provide liquidity or a pre-paid credit card and give access to exclusive offers in the future. Last but not least, a fixed percentage of proceeds will be used to continuously increase the value of the coin by rowing the portfolio, reduce CO2 emissions, plant trees and invest in social impact projects. The Token has real world asset value, financial utility an environmental and social impact.

LIQUIDITY

We believe it is the solution for an environmentally and socially minded community that wants an appreciating store of value, financial liquidity and a positive social and environmental impact without exposure to fiat currency as i.e. US-Dollar, Euro backed stable-coins provide.

THE ECOWATT TOKEN

The EcoWatt Token derives its core value from physical revenue generating renewable energy assets. This gives the Token a predictable stable 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.

ECOWATT TOKEN OFFERING

*An allotment of less than EUR 100.000 is possible to fewer than 150 non-qualified investors per EU Member State according to the EU Prospectus Directive.

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.

Tokonomics

●  Token Name:  EcoWatt (ECW)

●  Total Supply:  1.000.000.000 ECW

●  Block-chain: Ethereum via the Polygon (Matic) Network

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

For More Information EcoWatt project:

●  Website: https://ecowatt.io/

●  Telegram: https://t.me/ecowatt

●  Facebook: https://www.facebook.com/EcoWatt-110305757909105

●  Twitter: https://twitter.com/Ecowatt_

Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1523539;sa=forumProfile

ETH : 

0x5660567d85332b34342b346655159132ae166b0e