Making cryptocurrency green again, this is the philosophy that EcoWatt lives by. Ecowatt leverages the blockchain and loyal crypto community to accelerate the transition to green and sustainable energy. At the moment, they are preparing for the upcoming launch of the initial exchange offering that will be listed on Bitforex in October 2021.
What is EcoWatt?
EcoWatt is the world’s first store of value on the blockchain, backed by government contracts. Ecowatt is a symbol of climate change governance whose value and utility will be determined by a portfolio of real-world green assets that includes solar, wind, hydrogen and geothermal power plants.
EcoWatt tokens are backed by green energy assets that convert sunlight into clean energy and hold government contracts for up to 20 years. This makes it the first government-backed blockchain initiative to accelerate the green energy transition.
The user community can take advantage of the ecowatt (EWT) token and they can leverage up to 50% of the token value to get a low cost instant liquidity loan while also earning daily rewards. To reduce the carbon footprint of cryptocurrency mining, EcoWatt uses green electricity and offsets the carbon it gets from planting more than two million trees. In this way, the enterprise partners (digital currency miners) participate in EcoWatt with green energy, allowing green mining of cryptocurrency.
The token gives access to governance decisions, exclusive NFTs, project opportunities within the EcoWatt crypto-mining initiative and to secure carbon certificates generated by green assets.
A problem in the industry and how EcoWatt addresses it
The global electricity market is mainly controlled by governments and hedge funds. This leads to scarcity and inaccessibility to retailers and other small consumers. EcoWatt aims to disrupt the uneven supply chain of electricity to make it more accessible to the retail community, which they believe is for the first time ever. EcoWatt opens doors for people to build a clean energy portfolio and use the platform’s blockchain technology to provide shared ownership to those in the community. The EcoWatt scalable platform is built using the Polygon (Matic) ERC20 standard and using smart contracts.
What difference can Ecowatt make to the world?
EcoWatt prioritizes the environment and social impact over profits. It enables society to have stronger control over renewable energy and helps accelerate its growth at the pace of large organizations. EU statistics show that for every 250 watts of solar energy, 500 kilograms of carbon dioxide emissions are saved annually by replacing 250 watts of coal power. EcoWatt has a mining pool target of 1 billion watts and will save 750,000 tons of carbon dioxide emissions annually. Facilitate ordinary people to make an environmental impact by retaining tokens.
EcoWatts Energy’s vision is to build a 100% sustainable planet and contribute to the 2030 UN agenda. The community will also plant millions of trees to further contribute to the cause.
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