WePowerWPR#743

The WPR token is the native cryptocurrency of the WePower blockchain project. This platform gives coin holders rights to trade green energy from renewable energy producers for a fraction of the price of the mainstream energy market. Those who own WPR tokens get priority access to ‘auctions’ for green energy sold through the WePower platform. The concept of WePower is to remove the barriers to entry for even the smallest energy buyers. Green energy buyers can purchase comparatively small loads in contrast to the conventional direct energy procurement processes. One WPR token is set to be worth 1KWh of energy produced from a renewable energy project, anywhere in the world. Token holders can use the energy they purchase or sell it on through the WePower platform – either before or after it’s been produced – at wholesale prices. During WePower’s initial coin offering (ICO) it raised $40m thanks to the investment from 22,933 people in WPR tokens. According to its head of energy products and solutions, Anthony Wiseman, WePower is on track to realise its ambition to “shift energy transition from centralised to decentralised clean energy”.