Project Update: WePower (WPR) the blockchain-based green energy trading platform Basics WePower enables renewable energy producers to raise capital by issuing their own energy tokens which represent energy they commit to produce and deliver. Each renewable energy plant connected to the WePower platform will organize an auction for the sale of tokenized energy. As a result energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront WePower held ICO in Feb 2018 where they raised $40M Tokens and usage WePower will be providing a blockchain-based green energy trading platform. On this platform companies to raise capital for renewable energy projects making it a decentralised marketplace where companies offer energy and users buy it. The WPR token acts as a priority access token for the auction to buy tokenized energy. Each renewable energy producer will be required to donate 0.9% of all tokenized energy (tokens) to the WPR token holders meaning there is incentive to hold. The user can choose what to do with the tokenised energy: use, sell tokens before energy production or sell the energy on the market. Recent News They recently annouced their energy tokenisation pilot project in Estonia in partnership with transmission system operator (TSO) Elering has been successfuly delivered. This means the team is able to successfuly convert energy consumption and production data onto the blockchain on a national scale. They are planning to launch their operations in Australia in the upcoming weeks which should further boots the fair in the project. The team has annouced they are hiring for several new positions in their offices in Australia, Spain and Estonia. Roadmap The upcoming developments include WePower fully operational in Spain, Estonia and Australia and first distribution of donated energy to token holders. All of those should still take place in 2018. Down the line they plan further expansion at the beginning of 2019 There is also balancing and frequency regulation as well as looking into virtual power plant structure Overall the roadmap is solid with a lot of activity planned. Availability and price WPR is currently available on few major exchanges: Binance is by far the most popular one (88% of volume), Liqui (6%)and Huobi (4%). Also on Sistemkoin, Kucoin, Ethfinex, IDEX and few more. BTC is the most popular pairing, also paired with ETH and USDT Current price as of 1st of November is around $0.04 with WPR being ranked around 219th place in terms of the market capitalisation and market cap of $20M Around 499M out of 745M of the tokens is in the circulation. This means that there is still fair amount of tokens that will be introduced. Price graph WPR has been dissapointing this year with the valuation going down since the initial exchange listings. However since September it has been outperforming both Bitcoin and Ethereum making it a pretty good altcoin. The ATH was achieved on 4th of March and was $0.21 meaning the current price is much lower. How is it doing? WPR is one of the few blockchain projects that managed to perform a successful real life blockchain usage test on such scale. If the project will manage to find users there should be a lot of demand for the WPR tokens since the use case for the token is decent. The competition include POWR (64M mcap) and RED (9M mcap) and few others. WePower actually seems to be further in development than POWR in example so the valuation when compared seems a bit low. Recent problems with altcoins proves that coins with real life usage and partnerships are safer investments hence I think WPR seems promising.

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