Energy is one of the essential need for humans. But, it is quite disappointing that we still do not have figured out an efficient way for the distribution of the energy.Current energy providers are unable to provide energy to the users in an effective manner. Individual consumers from manufacturers down to individual households cannot get the and possible deals and energy companies are losing money by not meeting the needs of everyone.
That's where Bittwatt comes in. The goal of Bittwatt is to bring energy cooperation to the blockchain. Bittwatt proposes using blockchain technology alongside a developed exchange system for energy. The result is a decentralized service where the energy supply is used in the most efficient manner.
Possibly, the Bittwatt platform is a matchmaking ecosystem which connects producers, energy suppliers and smart consumers in order to transact energy in a structured way.
The global energy landscape is changing the afore normal traditional centres of demand are being overtaken by fast-growing and emerging markets. There is a remarkable shift from the traditional source of energy to a newer energy sector where hydropower and other renewable energy sources providing a significantly higher share for market consumption. In fact, it is forecasted that by 2040, the world's net electricity production will have grown by 45% which equals a total 34 trillion. Guess what, with renewables being the fastest growing energy source at the rate of 2.3% per year, some of the challenges are still faced in the distribution of energy to end-users.
The platform is also designed to provide consumers with a decentralized marketplace that functions on full disclosure of information facilitated by the blockchain with a mission to be the first international platform to integrate and facilitate cooperation between all market operatives. The Bittwatt platform is set to achieve these goals to exceed their consumer's needs in a balanced and financially efficient ecosystem that learns and evolves to develop a new marketplace for electricity balancing and trading which is blockchain enabled to expand globally.
Already, London, Bucharest and Singapore are under development of a platform accessible to everyone, a designed market framework that empowers users, producers suppliers or traders to apply balancing processes that require no intervention from the system operator Bittwatt to deliver this completely new and highly cost-effective energy ecosystem. Fully by 2022, benefits like cost reduction section, speed increase, scalability disintermediation making business model possible that do not require intermediate parties. Frankly, the Bittwatt platform is one of the greatest projects I have ever come across. Its consumers will have the benefit of knowing through their smart devices when their energy consumption is high and adjusted accordingly thereby lowering their energy bills.
This platform will use the ERC-20 token with the ticker symbol BWT for all operations within the ecosystem. The tokens supply will only be four hundred million. This is bound to make this token very scarce once the platform is fully operational thereby increasing its value, investors will be wise to not only take a good look into this project but to also invest heavily into it because the returns will be astronomical. But, YOU MUST DO YOUR OWN RESEARCH BEFORE INVESTING.
In fact, the sales forecast for this project by 2022, is a total number of 15.8 million users with a turnover of 690 million USD and 13% profit in the token sale. The price of one BWT token is fixed at 12 cents. The split of caps bonuses and available tokens in the various token sale is illustrated on their website. Have a look at that.
Website - https://bittwatt.com
Facebook - https://www.facebook.com/energyforthe21century/
Twitter - https://twitter.com/BittwattPteLtd
Telegram - https://t.me/bittwatt
Join Bittwatt Bounty programme on Bountyhive - https://bountyhive.io/join/Bittwatt?from=Sajal
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Yeah ! Frequent electricity cut-off sucks.
Haha Right !
Distribution of energy really requires an effective distribution manner.
Let's see if Bittwatt can solve the problem.