Company: WePower
Website: https://www.wepower.network/
Token: WPR
ICO Date: February 1, 2018
Pre-Sale Cap: $5 million USD soft-cap
Tokens for Pre-Sale: No cap
Total Supply: No cap
Basics:
WePower is a company looking to open investment opportunities in renewable energy to more than just wealthy investors. The current market of green energy is dominated by hedge funds and high value individuals, and thusly the industry has begun declining in value as green energy availability has stagnated. WePower hopes to globalize access for anyone to invest in the future of energy.
Concept:
In what has seemingly become a trend in the ICO space, WePower is offering the platform as a product. The platform will allow green energy companies to offer their own token sales to individual investors, and these tokens will represent energy they are committed to produce at some point in the future. WePower claims annual investments in green energy are $242 million USD, and they believe this will grow greatly when opened to individuals.
The energy token will act as a smart contract between the producer and the consumer. The contract will include the type of energy, when the energy will be delivered, and the price associated with it.
WePower will take a commission fee for all trades. It essentially acts as like any other coin exchange, but limits the companies that can list on it to green energy companies who are offering coins backed by power.
Coin Value:
The inherent use of the WPR coin is early access to newly listed tokens on the WePower platform. Those with the most WPR will have earliest access, and it will open up to lesser owners proportionally over the first 48-hours. After that time period the token offering will be opened up to the public within the WePower platform.
The ICO has a soft cap of $5 million USD where the value is 4600 WPR = 1 ETH. However, once the soft cap is met, there is no hard limit on the ICO. Tokens sold during the pre-sale will comprise of 55% of the total FINAL number of coins. Thus, the ICO coins will be very important in the total supply of the WPR tokens.
WePower plans to begin physically distribute green energy based on the number of tokens owned, but only once they have moved into the owner’s home market. Therefore, the coins do have an inherent value equal to 1 kWh, but it is only useful if WePower is an energy provider in your home town.
Team:
Directly from their Whitepaper:
“Our team is led by energy experts Nick Martyniuk, Kaspar Kaarlep and Heikki Kolk, who lead a group of 12 highly experienced energy engineers and former-Skype programmers. Our team of engineers has previously worked on the smart metering implementation countrywide in Estonia, leader in the rollout of full smart grid in the world. Our Blockchain development is led by Jon Matonis (founding partner of Bitcoin Foundation), our token economy is structured with the help of Eyal Hertzog (chief product architect of the Bancor Protocol) and David Allen Cohen (smart grid innovator) helps with software matters.”
Timeline:
Conclusion:
There is something to be said for opening up green energy investment to individuals. Those who believe in clean, renewable energy as the future will surely be interested in this platform. I can even see many clean energy companies utilizing the platform for their token sales.
The part that has the most question for me is the value of the WPR token. How valuable is a 48-hour pre-sale? Surely somewhat valuable, but will that value continuously increase as one would hope for in a crypto investment?
If you would like a specific Whitepaper analyzed please leave the coin in the comments!
MEW: 0x9A76A935a38062D5D91D1Eb6D86a93b47c6f9432
Disclaimer:
As with everything I suggest you read the Whitepaper yourself and make your own conclusions before investing. I have no affiliation with the companies involved, and in many cases am not investing even after my research. I am simply interpreting the Whitepapers as I come across them and offering my analysis.