KWHCoin is the digital currency for a network of distributed energy resources launching an advanced renewable energy economy with blockchain technology. Its solution is to build a decentralized network of energy resources by connecting them through blockchain technology.
Physical units of KwH energy are leveraged from multiple sources including smart meters, sensor readings and green button data. This measurable output is tokenized on the blockchain to create KWH tokens.
Renewable energy resources are great because they are inexhaustible and won’t pollute the planet for us or those of future generations by emitting toxic chemicals and gases. While some areas in the past have grown wealthy and benefitted from their proximity to coal, gas and oil reserves, not all regions have access to fossil fuels, which has made economic development difficult in some countries.
KWHcoin aims to improve the lives of the 1.2 billion people across the globe without reliable energy access by building a platform that allows anybody in the world to buy or sell renewable energy resources through The Grid – a blockchain-based renewable energy platform.
Kwhcoin.com not only offers people the freedom to choose their energy providers, but they can also sell their own renewable energy to others through The Grid in the form of KWH tokens. By lowering the cost of renewable energy transactions, KWHCoin will allow renewable energy to expand and bring newfound power to every corner of the globe.
Renewable energy resources can be deployed anywhere and without the need for power lines distributing them. The best part of these energy resources is that prices continue to drop and abundant, clean energy will continue to be the more economic option going forward.
KWHCoin’s ICO is currently in progress and is open to all except residents in Cuba, Iran, North Korea, Syria, the Crimea, region of Ukraine, or citizens/individuals located in a geographic area that is subject to UN-, US-, EU-, CH- sanctions or embargoes.