Thread by @Sykodelic_

Week 2: 50 - 150x Token

- Energy Web Token @energywebx $ETW

$ETW are working to bring a carbon-less, decentralised future to the $2.4 trillion energy industry.

Read on to find out why this could be one of the best opportunities in #Crypto right now 👇

#btc #eth #nft #d

Intro

$ETW is a blockchain-based Energy application platform that is connecting corporations and consumers in a fully decentralised network, with the aim of powering decarbonisation solutions around the globe.

They already have 100+ large partners in the energy industry

In 2021 $880bn was spent on the global energy grid

But that is nothing compared to what will be spent on it in the next 10 years. It is a massive industry, currently going through some of the biggest changes that has ever happened to it.

This is of course, Climate change.

The Problem

Unless you have been living in a cave for the past 30 years you will be familiar with the planet's consensus on climate change.

Efforts are being ramped up to tackle this issue and our behaviour around energy use and production is firmly at the centre.

$EWT has created an energy-based decentralised network that allows businesses and large corporations to build decentralised applications that assist them in better understanding their goals to reduce their carbon output.

As well as rewarding users for their contributions.

How It Works

$EWT can be understood by thinking of it as an energy-based Ethereum. They have their own virtual machine and allow the creation of dAPPs within the energy sector to facilitate a wide variety of functions.

Example: Track renewable energy consumption on 24/7 basis

To think of it in simple terms

$EWT has provided the foundation to build all energy industry processes onto the blockchain, making the behaviour around energy creation and consumption transparent.

This provides energy companies with 100% immutable data to streamline processes

And provides complete visibility in their goals to achieve carbon-free energy solutions.

On the consumer side, it enables people to have confidence in their energy decisions and to even get involved in the creation and distribution of renewable energy, receiving rewards.

The $EWT Stack

$EWT is achieving this through 3 solutions

1. Energy Web Chain

The $EWT chain is a two-tiered blockchain with the top level being permissionless, allowing anyone to connect & utilise it. The bottom level is permissioned, hosting a Proof Of Authority consensus.

What does this mean?

The top level of the chain allows permissionless interaction with any device(users connecting their e-cars, phones or thermostats) to send data.

The bottom-level validation is done by approved nodes, usually hosted by reputable names in the industry

It's important to remember that $EWT is working with some of the biggest corporations in the world and their data is very sensitive.

This two-tiered system allows a highly scalable, secure & extremely energy-efficient blockchain that caters to all needs in this value exchange.

2. Energy Web Origin

EWO is a group of software development kits that assists businesses/corporations build enterprise-grade certificates for the issuance, management and trading of Energy Attribute Certificates (EACs)

An EAC provides proof that energy came from renewables.

An example of this being used is Energy Origin.

TEO utilised the EWO & leverages blockchain to bring the traceability and transparency of green energy, while also expanding the capabilities of supply-demand matching between renewable generators and corporate buyers.

3. Flex

Flex is the part of the protocol that manages the connecting of consumer devices. It assigns individual ID's to every device & establishes communication.

This enables all data to be shared across the public ledger, providing transparency & the basis for rewards.

An example of this could be...

A consumer connects their home thermostat and sends all data to the network. This user would be providing extremely valuable insights into energy use, the amount of renewable, and receiving rewards for smart energy use.

Token Utility

The $EWT token is used to pay all gas fees on the network to pay validators for validating transactions.

EWT is also used as a payment source to finance the decentralised applications (dApps) on the Energy Web blockchain.

$EWT is making brilliant headway with over 50+ projects building on it in 25 countries, and 100+ partners.

In an industry as large a monopolistic as the energy industry, you can't simply try to disrupt and uproot the corporations sitting at the top.

As you can see from their tech approach $EWT understands this & has built HUGE partnerships.

Shell, E-on, Vodafone, EDF 🤯🚀

And this is largely thanks to a STACKED team.

$EWT's team is filled with top talent with tremendous amounts of experience in the energy industry, and clearly, the connections also.

What makes them so solid is they match this calibre in the blockchain aspect too.

Team = 47

Tokenomics

Current supply - 69m
Max Supply - 100m
Team - 10m
Foundation 10m

The max supply is approximated to be fully released in the next 8 years, meaning it has a yearly inflation of around 3.5m per year.

As more projects join more $EWT is needed, which will slow this down.

To summarise...

$EWT is bringing together the corporation & consumer & bridging all energy-based data on the blockchain, to further the use of renewable energies & create a decarbonised future, within which the consumer can provide energy, data, & be rewarded.

Current Price Action & Prediction

Current Price: $4.05
ATH: $20.5
MC: $177m

$EWT is in one of the biggest industries in the world projected to be worth $5t in 3 years & merging the two most emerging futures. Renewable energy + Blockchain.

Easy 100x IMO = $17bn MC

Official Links

Website - energyweb.org
Twitter - @energywebx
Tech Docs - energy-web-foundation.gitbook.io/energy-web/how…
Where to buy - kucoin.com & kraken.com

@energywebx That's a wrap guys!

If you found value in this thread please consider RT'ing the first tweet for me. I've linked it below to make it easier :)