EcoWatt: The Climate Change Governance Token Powered by Green Energy.

By adriaparcerisas | ICO Reviews | 9 Jun 2021

Introduction

Climate change is one of the most talked-about topics in recent years due to its great impact on the entire world. Not only because of what may happen to the earth, but also because of the danger to the human population.

Today, there are many projects that are focusing on sustainability and the environment, in order to address this situation. Within the world of cryptocurrencies, there seems to be a lot of talk about it because its technology, the Blockchain, could be a solution to this. However, recently, a tweet from Elon Musk surfaced about its energy efficiency, which did not seem to be quite optimal. This has generated another stir between the world of cryptocurrencies and sustainability and green energy.

That is why now there is a great expectation to find an energy-efficient project that focuses on recovering the optimal conditions of our world to face climate change. The idea is to find a way for Blockchain technology and green energy to go hand in hand.

This is why I want to introduce you to EcoWatt (https://ecowatt.io/), the first governance token backed by green energy and revenue-generating assets dedicated to increasing the value of the token and generating social impact.

Definition

Going into more detail, EcoWatt (https://ecowatt.io/) is a renewable energy company that aims to provide clean, green, and efficient energy around the world. EcoWatt aims to be the first company dedicated to renewable energy driven by its own community, i.e. the community itself has the governance to decide its future.

How does it work?

EcoWatt will be a renewable energy platform that will be accessible through its own EcoWatt token, which will make it possible for users to access the electricity market in the EU, to invest in renewable energy assets, and to create a peer-to-peer energy infrastructure.

The EcoWatt token will be a finite subminister asset-backed by different assets that will increase in value according to renewable energy while offering security against climate change. Thus, 1 EcoWatt token is equivalent to 1 Watt of renewable energy.

The way to secure the value of the token will be through physical revenues generated by renewable energy assets, so it will increase as the population's support for these assets increases.

To incentivize the population and investors, the idea is that for EcoWatt holders, different utilities will be unlocked as the power plants grow and above all, as revenues and profits increase. This will generate a win-win for people, the environment, and investors.

Key features

Proof of share token issuance: 1 watt of green power will be connected and verified by the respective national grid in a public ledger for each EcoWatt token sold.
Asset-backed value: Revenues funding asset growth which in turn employed the value of the token, participation rewards, access to low-cost liquidity loans ... are some of the values EcoWatt provides through green assets.
Utility: Thanks to the EcoWatt token, the community itself within the platform that supports the project receives the right to vote on the allocation of funds to social impact projects in the area of energy security.

Bounty program

The project gives the opportunity to earn EcoWatt tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk here (https://bitcointalk.org/index.php?topic=5339743), where you can access the link in order to see what are the conditions to become an early EcoWatt contributor and start acquiring tokens.

You can also stay tuned to their official Telegram Channel (https://t.me/ecowatt). I hope you liked the post and soon I'll send you new ones.