Review on WePower by Toprak Dere

Name: WePower
Item: WePower
Rating: 4

April 02, 2021

About WePower (WPR)

Nowadays, when the world faces problems such as global warming and increasing levels of pollution, it has become critical to choose clean and sustainable energy sources. While we already have some alternative energy sources such as solar, hydro, wind and geothermal, the hurdle is the lack of capital to feed such projects. WePower aims to accelerate this transition by creating a platform that allows green energy producers to increase the required capital and increase the adoption of green energy among consumers.

The WPR token is the native cryptocurrency of the WePower blockchain. WPR token holders have prior access to green energy auctions held by green energy producers on the WePower platform. Smart energy tokens on the WePower platform help green energy trading. Each energy token equals 1 kWh of green energy to be generated in the future. WePower is working on an energy tokenization mechanism that provides liquidity and allows green energy producers to attract funds from the global pool of capital. This facilitates direct green energy trade between energy producers and energy buyers at a price lower than the price of the energy market.

Energy token holders can sell their tokens to others in the market or use them after green energy is generated. 
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Pros

With the threat of global warming, people and industries around the world are looking for clean and renewable alternative energy sources. WePower offers the opportunity to solve this real-world problem by facilitating investments and the adoption of green energy.
WePower has grown significantly in a short time and continues to grow. As a business organization, it has expanded its reach to countries such as Australia, Italy and Spain, and many projects are already on the way.
For WPR token holders, the WPR token serves as priority access to various auctions held on the WePower platform, so basically WPR Token holders can pre-bid energy tokens.

Cons