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WPR Price Shoots After WePower Rolls Out to Estonia, McAfee Biting His Nails

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Wed, 10/31/2018 - 13:48
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  • WPR surges as the pilot project to blockchainize the energy sector in Estonia gains traction

Cover image via U.Today
Contents

WePower (WPR), a platform that trades green energy, is collaborating with an Estonian startup Elering to tokenize the energy sector in the country. Elering works in the field of power transmission. This new partnership has given WPR coin a momentum to soar on trading charts.

The project to digitize electricity in Estonia is expected to continue for 12 months and will be a sort of a pilot to test WePower and Elering working together.

Investors focusing attention on WePower (WPR)

The crypto startup’s goal is to transfer clean green power into the digital format, and the recent joint venture with Elering has had a great impact on the WPR price since this sort of crypto projects is quite rare. After the news about the two firms joining their efforts, the WPR rate skyrocketed 20 percent to the USD in just slightly over than a day.

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KWHCoin is a similar project. The same-name startup works with alternative sources of energy, to name just one.

WPR Surges

At the time of writing this, WPR is trading at $0.039934 after an almost 30-percent rise. It probably cannot be a definite long-term rise but the aforementioned pilot project should make the platform more popular with investors, consider experts.

The market is also watching this project carefully since energy data is quite sensitive and complex measures are required for handling it.

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Rivals

The WePower system ensures transparency of consumption data to its users. All data will be available to watch. The platform intends to connect consumers and electricity producers directly, cutting out any middlemen.

A similar project that was mentioned above is KWHCoin, a brainchild of the ‘crypto baron’ John McAfee as he called it on his Twitter. This platform goes in the slightly different direction, i.e. it is working with renewable energy, allowing people who have, say, solar panels to sell the leftovers of solar power they produce to others — using KWH tokens.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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