EcoWatt Energy has started making a difference in the world. Leveraging the crypto community for the better, with its Climate Change Governance Tokens. The token is backed by a physical green asset portfolio that includes solar, wind, hydrogen and geothermal power plants. The project aims to disrupt the unequal and non-renewable model of energy distribution and substitute it with sustainable and renewable alternatives with a crypto token which encourages the expansion of green assets and allows every day people to contribute and make a difference.
Initial Exchange Offering September 2021
The offering which started on September 7 will go on till September 30, 2021. In phase 1, 20,000,000 EWT will be issued at a price of 0.30 Euros per token. The lockup period is 50% for 3 months or 50% for 5 months.
In phase 2 of the IEO, 30,000,000 will be issued at 0.80 Euros per token. There is no lockup period and the Token can be traded immediately upon Listing at 1 Euro on Bitforex.com
In October 2021, EWT will be listed on more exchanges in addition to Bitforex. 650,000,000 EWT will be issued at 1+ Euros per token. There will be no lockup or vesting period at this stage. Within Q4 of 2021, the token will also be listed on Uniswap and other major exchanges.
EcoWatt And Its Initiatives
EcoWatt is a Climate Change Governance Token with a tangible green asset portfolio. This project is the first of its kind and the price, value and utility of the EcoWatt token are also decided by the portfolio. The ultimate aim of EcoWatt is to substitute non-renewable energy and the unequal energy market with sustainable alternatives and a more equal system of distribution.
Throughout the process, it will be saving 750,000 tons of CO2 emissions per year, planting up to 1 million trees and investing in social impact projects. An example of this bigger vision behind the company is the launch of the first sustainable farming and reforestation project with trees.org. The pilot project is creating small farms for 500 families and is planting 1 million trees over a 4 year time period.
Not only does EcoWatt have it's token backed by green assets but also in its mining practices. It provides an enterprise solution by offsetting carbon emissions due to mining and makes crypto miners carbon-neutral while staking. You could state that Ecowatt is making crypto green, answering the latest concerns of top entrepreneur Elon Musk.
Token Offering And Tokenomics Of EcoWatt
EcoWatt Token has a fixed token supply of 1 billion and every token is backed at issue by 1 green / renewable Watt from the Green Asset Portfolio. The price will increase without the process of burning but by growing the underlying Green Asset portfolio with long term government contracts. As the token grows and Ecowatt expands the green asset portfolio, there will be more Watt per token and this could increase the token price overtime as they are offered at discount. Ecowatt aims by 2025 that 1 token represents at least 5 watt, this would allow the community to power millions of households on green energy.