I liked the idea of tokenizing the green power market, but I think this project is not the first one who applied for this idea, you can check Power Ledger, anyway, the competition brings better results for both projects.
Have you decided the exact date of the ICO?
Hi Jack1111,
True, both projects are trying to change the energy market. However, both project have different path and strategy. WePower is green energy trading platform, where everyone can finance set up cost of renewable energy plants. While PowerLedger is a platform where people can buy and sell surplus solar energy.
Umm, no - stop spreading misinformation. That is not the only thing PowerLedger does. PowerLedger also gives people the option to finace renewable energy plants, read the whitepaper.
So you've just essentially copied ONE of PowerLedger's MANY features.
Hi,
Thank you for your opinion. If you compare WePower and PowerLedger whitepapers, you will see a clear distinction between two companies.
WePower focuses mostly on financing of renewable energy producers globally. The business model, depth of market, commercial and technical analysis provided in WePower whitepaper (
https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view), MVP and specific partnerships cannot be compared with any ICO in the energy market or copied from any other venture. The model is unique because the financing is based on sale-purchase of tokenized energy that will be produced in the future. This allows to increase ROE for the renewable energy producers, offer good return rates for the investors and make it a global platform, without falling under financial regulation. Since this is 100% transparent platform, the blockchain platform is connected to the energy infrastructure, which will allow WePower to become the next generation utility company.
After WePower has announced its ICO campaign, PowerLedger provided more detailed description about their asset germination events. PowerLedger claims that it will allow to trade ownerships of the assets (solar, wind or battery farm) and receive allocated revenues based on the proportion of ownership. In simple words, solar, wind or battery farms will issue securities, which will be tradable on the PowerLedger platform. Each security issuance will trigger financial/securities law regulations and become a costly and local fund raising mechanism for the farms. For this feature you do not need a blockchain technology and many operating crowdfunding platforms can offer that already.
Cheers,
WePower