Information about "Energy Web Token"
What Is Energy Web Token (EWT)?
Energy Web Token (EWT) serves as the native token for the Energy Web Chain, which is a blockchain-based virtual machine created to enhance and support application development within the energy industry.
Introduced in June 2019, the Energy Web Chain is driven by the non-profit Energy Web Foundation. The goal of EWT is to bring innovation to the energy sector by enabling developers to build decentralized applications (DApps). This virtual machine offers potential advantages to various stakeholders in the energy field, including grid operators, software developers, and suppliers.
Introduced in June 2019, the Energy Web Chain is driven by the non-profit Energy Web Foundation. The goal of EWT is to bring innovation to the energy sector by enabling developers to build decentralized applications (DApps). This virtual machine offers potential advantages to various stakeholders in the energy field, including grid operators, software developers, and suppliers.
Who Are the Founders of Energy Web Token?
The Energy Web Token is a collaborative effort between the Rocky Mountain Institute (RMI) and Grid Singularity (GSy).
RMI stands as a leading entity in energy research and development, renowned for participating in trailblazing projects within the sector. Through the creation of the Energy Web Chain, RMI aimed to harness blockchain technology's decentralized capabilities to empower energy industry stakeholders to develop innovative decentralized solutions.
Bringing blockchain knowledge to the table, Grid Singularity (GSy) played a crucial role. As a blockchain developer, GSy was instrumental in establishing the Energy Web Chain. With its team of notable experts, including key Ethereum blockchain developers, seasoned energy professionals, and regulatory authorities, GSy was essential in the launch of EWT.
RMI stands as a leading entity in energy research and development, renowned for participating in trailblazing projects within the sector. Through the creation of the Energy Web Chain, RMI aimed to harness blockchain technology's decentralized capabilities to empower energy industry stakeholders to develop innovative decentralized solutions.
Bringing blockchain knowledge to the table, Grid Singularity (GSy) played a crucial role. As a blockchain developer, GSy was instrumental in establishing the Energy Web Chain. With its team of notable experts, including key Ethereum blockchain developers, seasoned energy professionals, and regulatory authorities, GSy was essential in the launch of EWT.
What Makes Energy Web Token Unique?
During the development of the Energy Web Chain, RMI and GSy sought to create a flexible blockchain platform tailored for diverse applications within the energy industry. One of the standout features of EWT is that it provides companies the ability to craft fully bespoke decentralized applications. Though blockchains like Ethereum offer similar versatility, the Energy Web Chain is specifically tailored to meet the needs of the energy sector.
Designed with enterprise application in mind, the Energy Web Chain supports advanced scalability and data privacy. Recently, the foundation launched the Energy Web Decentralized Operating System (EW-DOS), a comprehensive tech solution that enables users to manage their electrical systems remotely.
Designed with enterprise application in mind, the Energy Web Chain supports advanced scalability and data privacy. Recently, the foundation launched the Energy Web Decentralized Operating System (EW-DOS), a comprehensive tech solution that enables users to manage their electrical systems remotely.
How Many Energy Web Token (EWT) Coins Are There in Circulation?
The Energy Web Foundation plans for a total release of 100,000,000 EWT tokens over a decade following the initial launch. Currently, there are 48,638,535 EWT tokens circulating in the market.
From the total supply, 14,093,276 tokens were allocated to the Energy Web Team as part of their endowment. An additional 10,000,000 EWT tokens were awarded to two founding organizations, but these tokens are subject to a lock-up period until June 2021. Another 4,061,709 tokens were set aside for a community fund, expected to grow over the next ten years.
From the total supply, 14,093,276 tokens were allocated to the Energy Web Team as part of their endowment. An additional 10,000,000 EWT tokens were awarded to two founding organizations, but these tokens are subject to a lock-up period until June 2021. Another 4,061,709 tokens were set aside for a community fund, expected to grow over the next ten years.
How Is the Energy Web Token Network Secured?
The Energy Web virtual machine operates on a proof-of-authority (PoA) consensus mechanism. This means that the blockchain depends on a group of trusted validators to generate new blocks. The PoA method is an alternative that offers faster processing times than the proof-of-work (PoW) consensus.
Where Can You Buy Energy Web Token (EWT)?
As the popularity of Energy Web Token increases, it becomes more widely accessible across numerous exchanges. KuCoin stands out as a top exchange for trading EWT, boasting an EWT/USD trading volume of $383,098.
Following that is Liquid, with an EWT/BTC trading volume of $173,637. Additionally, EWT is gaining traction on Hotbit, where the EWT/BTC trading volume is $65,375. It's crucial to remember that investing in EWT, like any other investment, carries risk.
Learn more about purchasing cryptocurrency.
Following that is Liquid, with an EWT/BTC trading volume of $173,637. Additionally, EWT is gaining traction on Hotbit, where the EWT/BTC trading volume is $65,375. It's crucial to remember that investing in EWT, like any other investment, carries risk.
Learn more about purchasing cryptocurrency.
