we-power-network-ico-review
Company: We Power Network
Industry: Green Energy Trading Platform
Website: https://wepower.network/
Whitepaper https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view
Headquarters: Gibraltar
Token: WPR
Platform: Ethereum
ICO Timeframe: 02/01/2018 – 02/14/18 (ICO)
Token Supply: 746,403,007 WPR (62% Crowdsale)
 Score:  81/100

 

WePower is launching blockchain and smart contracts powered green energy trading platform where users can buy, trade or invest in tokenized green energy.  WePower enables renewable energy producers to raise capital by issuing their own energy tokens.  These tokens represent energy they commit to produce and deliver.  As a result, energy producers can trade directly with the green energy buyers (consumers and investors) and raise capital by selling energy upfront, at below market rates.  WePower is currently launching a pilot project with Elering, Estonian transmission system operator, with the goal of building a proof-of-concept for recording a nation-state scale of consumption and production data on the Ethereum blockchain. This will be a first of its kind, enabling the global blockchain powered energy market to take its first steps towards reality.

 

PROS:  Green energy is becoming an ever increasingly important and fast-growing sector globally, will continue to grow rapidly into the foreseeable future (favorable industry trends), token model claims to be designed to meet EU regulatory requirements, partnered with a number of influencers in the blockchain industry (Bancor, STBC), significant “buzz” ($3 million raised in presale).

 

CONS:  Proof of concept has yet to be realized, relatively large portion (23%) of tokens allocated to management team, long lead-time for payback of initial investment forecasted (3 years by the amount of donated energy per token).

 

SCORE:  81/100