WePower's blockchain-based green energy trading platform uses tradable smart energy contracts to sell energy output in advance, enabling producers to raise funds to promote the production of renewable energy. The WePower platform provides a simple and flexible financing solution for renewable energy projects, saving time and effort for developers of renewable energy production facilities and bringing higher returns. WPR token is an energy token that has the priority to participate in the auction of WePower platform energy renewable energy generation facilities projects and can enter the energy donation pool.

1. Project background

The WePower network was established in January 2017. The launch of the WPR token and the creation of the platform is their first major project as a company and has already secured $3 million in funding during the pre-sale. They currently have 15-20 employees and a group of consultants with expertise in blockchain, energy, artificial intelligence, AI, payment and other fields.

Co-founder and CEO Nikolaj Martyniuk - International background in renewable energy development, from plant construction to energy sales to independent energy suppliers. He is also a founding partner of Smart Energy Fund.

Arturas Asakavicius, Co-Founder - Regulatory and fintech background. For the past 5 years he has led a team of lawyers responsible for all fintech, blockchain and cryptocurrency related practice/regulation at the law firm Sorainen. He is the President of the Lithuanian FinTech Association and has been recognized as a Lithuanian Crowdfunding Patron by the European Commission.

2. WPR Token

WPR token is an energy token with priority to participate in energy auctions. For the first 48 hours after the start of each auction, WPR token holders can purchase shares of auction energy equal to or less than their share of tokens held. Additionally, it allows token holders to access an energy donation pool that is continuously fed with 0.9% of the energy auctioned through the WePower platform.

The developer of the green energy project announced the token sale of a factory on the WePower platform and released its energy tokens. 0.9% of these energy tokens are automatically invested in a contributor pool, which is only accessible to WPR token holders. Once the factory is built and the energy is in production, WPR token holders, like energy token holders, can use the energy, trade it in the market or sell it to the energy wholesale market.

Related link:
https://wepower.network/zh/wpr-token