Today I am gonna tell you about KWHcoin project. KWHCoin is the native token for a decentralized application where prosumers, consumers and other distributed energy resources can connect and configure their energy resources. The KWHCoin is a digital currency backed by a kilowatt hour of electricity that aggregates the energy usage data of distributed energy resources. Any upstream value generated will automatically pair to a digital wallet and payment is valued and dispersed in KWHCoins. And you can find about project and their main idea, soulutions and Ico in this article.
About KWHcoin:
KWHCoin is a blockchain-based community, ecosystem and cryptocurrency backed by units of clean, renewable energy. Physical units of kWh energy are leveraged from multiple sources including smart meters, sensor readings and green button data. This measurable output is tokenized on the blockchain to create KWH tokens.
How does KWHCoin work?
You can watch here:
John McAfee talks about KWHCoin:
The aim of the project is:
- Serve as a baseline incentive and compensation model to lower the cost of solar and encourage investment in distributed energy resources.
- Leverage blockchain as a liberation technology to lower barriers and give renewable energy access to the 1.2 billion globally without electricity. 10% of all funds will go directly to fund Microgrid development and off grid technologies in Africa, South America, the Caribbean, and Southeast Asia.
- Building decentralized localized networks of renewable energy generation, minimizing transmission costs and carbon intensity in the energy transmission process.
- Develop a viable business model for a Net-Zero Energy marketplace with an open-source platform and database with peer-to-peer capabilities and without the requirement of a third party. This will give consumers independence and the flexibility to choose an energy source that is 100% renewable.
- Enable citizens to contribute and benefit from the green economy and directly reduce carbon emissions by digitizing all energy-related operational activity.
- Peer-to-Peer transition model that unlocks value at the edges of the grid. This will empower prosumers and all network participants to receive maximum leverage in a network setting for their contributions in a green economy.
THE GRID:
The Grid is a mobile and desktop application that serves as the open source database of energy transactions for network participants. KWHCoin is the digital currency that provides the medium of exchange for transactions on The Grid platform.
KWHCoin will allow the underserved to claim energy independence. Not only will they have the freedom to choose their energy providers, but they can also sell their own renewable energy to others through The Grid in the form of KWH tokens.
The core technical offering is a mobile and desktop application for use on web, Android and IOS.
DISTRIBUTION
The total supply of KWHCoin and its rate of issuance will be decided by the scale of assets that created, based on distributed energy resource generation. The results below are subject to change based on final input from the Board:
- 195,000,000 KWHCoins will be created to start this decentralized peer-to-peer energy economy
- 19.5 million KWHCoins will be used to fund the building of microgrids and developing off grid technologies in Africa, Puerto Rico, South America, Southeast Asia and the Caribbean
- 50,000,000 KWHCoins for Founders and Partnerships with Social Impact organizations to build local sustainable economies
- 101,169,000 KWHCoins will be publicly released the end of January for public Initial Coin Offering
Cryptocurrency is the Future
KWHCoin’s solution is to build a decentralized network of energy resources by connecting them through blockchain technology. Export energy is converted to KWH tokens and transferred to users’ digital wallets on our peer-to-peer energy trading application—The Grid.
###Roadmap:
For more information visit the links below:
Website: https://kwhcoin.com/
Whitepaper: https://kwhcoin.com/wp-content/uploads/2017/12/KWHCoin-White-Paper-REVISED.pdf
Linkedin:https://www.linkedin.com/company/27156455/
Facebook: https://www.facebook.com/KWHCoin
Twitter: https://twitter.com/kwhcoin
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1107371