Society blockchain green assets have been made available, and the company is behind it EcoWatt. The buyer of her new token (ECW), are thus committed to the development of zero-carbon power plants. Clients will benefit from investment as well as contribute to the anti-climate movement.
Simple EcoWatt tokenomics
The EcoWatt token distribution method is extremely simple. It is based on a finite supply of ERC-20 tokens, supported by renewable energy assets. The only possible way to extract 1 billion ECW to spend is to physically create 1 billion renewable energy. One ECW token is therefore the equivalent of 1 W of renewable energy during the extraction of the token. Once the mining process is complete, an increasing ratio of assets to a constant amount of tonk will increase their value over the next few years.
Blockchain in the energy industry
The success of the first round of sales forced the launch of the second, which took place in mid-May this year. The assumed goal was EUR 8 million. The sale took place via the Tokeny platform. According to experts from the World Economic Forum, it is highly likely that in 10 years as much as 10% of the world's GDP will be stored on blockchan. Therefore, appropriate efforts should be made to integrate this technology with the energy industry.
EcoWatt creates a community for the climate movement. Another project is planned
Blockchain technology has also found its application in ecology. EcoWatt creates the first community to combat climate change, independent of the authorities and government institutions. In addition to sharing digital assets, the company is planning another investment in an ecological project. This time it is about social impact and food security.
By partnering with tress.org, EcoWatt intends to support families in need and launch a large-scale tree planting campaign. Ultimately, by 2022, an asset portfolio with a token market capitalization of EUR 1,2 billion is to be created. The plan also plans to save 750 tonnes of carbon dioxide emissions per year.