fbpx
Connect with us

CryptoSpace

Energy Web Token: This project has crazy connections

Published

on

energy web token review

This page will be constantly updated with any news or updates on Energy Web Token. Consider bookmarking or subscribe to the newsletter to get this and other updates, for FREE.

What to expect in this article?

  • What is Energy Web Token?
  • What problem does the Energy Web Token project solve?
  • Uber for Energy? Energy as a Service (EaaS) could disrupt the entire industry
  • Advantages of EaaS
  • Elon Musk, Tesla and Energy Web Token connection
  • Energy Web Token Road Map and Future
  • Who is behind Energy Web Token?
  • Energy Web Token on social media
  • Where to buy EWT?
  • Conclusion

What is Energy Web Token?

Energy Web Token reviewEnergy Web Token is the native utility token on Energy Web Chain. To understand the role of Energy Web Token, we have to first dive into the Energy Web Chain.

Energy Web (EW) Chain is “a global blockchain infrastructure that we believe to be the only public, Proof-of-Authority blockchain supporting commercial applications with well-known organizations as validator nodes.” 

The validators on the EW Chain are globally renowned companies in the energy sector making this one of the most legitimate projects out there.

The Energy Web Token (EWT) is used for two main purposes on the EW Chain: Security & validator compensation:

What problem does the Energy Web Token project solve?

Everyone wants to help with the energy crisis situation by reducing the carbon footprint, using renewable energy and have their energy cost reduced, however, the options to accomplish these platitudes are scarce and ineffective.

We are seeing a lot of local renewable energy grids, including solar powered and wind power solutions, making their way to the market. However, there is a disconnect between these local grids, regulatory bodies and customers.

Energy Web Chain is looking to solve this problem by providing a platform to integrate the regulators, grid operators and individual customers to take part in the renewable energy movement.

EW Decentralized Operating System (EW-DOS) provides public access to the EW Chain and ready to use Software Development Kits (SDKs) making on boarding easier and barrier less.

This solution could help fuel trillions of dollars in commerce, “in the next ten years, electricity end-users will spend a cumulative $830B on distributed energy resources and $7T on electric mobility.”

Here is a quick video to understand Energy Web Token project overview:

What is Energy Web Token? Is Elon Musk involved?

We bring amazing facts about the CEOs, executives, projects and great personalities from the Blockchain and Crypto space to you through these videos. Subscri…

Uber for Energy? Energy as a Service (EaaS) could disrupt the entire industry

ewt windmill

Uber disrupted the way we travel.

The solution launched by Energy Web Token could upend the entire energy industry by encouraging people to produce their own energy through solar, windmills, storage, etc., and sell the excess energy to the bidders.

Can you imagine the implications of having millions of microgrids selling few units of electricity much cheaper than the traditional options?

Energy as a Service may be quite difficult to comprehend right now, however, Uber was a concept that was not even conceived until the app made it easier to ‘use’ in daily life.

EW Chain has the potential to make exchanging energy from local grids to local consumers much easier.  It also provides an opportunity for the end users to become producers of energy in some places (like South Australia or places where sun and/or wind are plenty).

Advantages of EaaS

Reduce carbon footprint

Successful execution of EaaS vision could reduce our carbon footprint on the planet drastically.  We have sun, wind and moving vehicles all over the world, and if we are able to generate and distribute energy from these sources, we will no longer have to rely on fossil fuel or nuclear sources.

Democratize & Decentralize energy

Right now, in many parts of the world, energy is monopolized or is hoarded by the big corporations who can charge any markup as they deem fit based on demand and supply. If people start generating electricity by installing solar panels and windmills on their rooftops, it could make households self-sustainable.

Monetize energy

Not only can EaaS help households become self-sustainable but it also has potential to bring revenue to everyday folks by turning them into micro-local grids.

Make energy and everything cheaper

When energy is democratized – it will become affordable. When the energy costs go down – production costs go down and that is a great thing for everyone.

Could avert big national security threat

If you have watched the Live Free or Die Hard movie, you may realize what happens if power is shut down. In theory, the power grids can go offline. India went into darkness for 2 days (the largest power outage in history).  Beyond the inconvenience, it could pose a national threat. Most of our food reserves are in storage that need power. Our food in refrigerators that go bad without power and every communication line needs power.  A power outage could cripple the entire country and the world.  However, when energy production is completely decentralized – no one person or entity can shut it down.

Elon Musk, Tesla and Energy Web Token connection

Elon Musk EWTThe Verge ran stories in 2017, 2018 and 2019 about Elon Musk’s project (in collaboration with the Australian government mind you) to solve Australia’s energy crisis through renewable energy.

The 2017 story talked about how Elon Musk’s giant battery is powering South Australia.

The 2018 story alluded to how the WindMill powered battery project was projected to power over 50,000 homes in four years.

The 2019 story takes it one step further where a reporter visited South Australia where Tesla’s batteries and solar panels were helping ordinary folks to generate their own electricity.

The South Australian government was pepped up about the success of the pilot and they were devising plans to rollout the program to more residentials.

What happens when these households produce more energy than they need? 

Tesla was ahead of the curve to think through this aspect and it launched Autobidder.

According to their official websiteAutobidder provides independent power producers, utilities and capital partners the ability to autonomously monetize battery assets. Autobidder is a real-time trading and control platform that provides value-based asset management and portfolio optimization, enabling owners and operators to configure operational strategies that maximize revenue according to their business objectives and risk preferences.”

This is where things get interesting.

Grid Singularity official channel tweeted about Tesla’s Autobidder and Grid Singularity is directly involved with Energy Web Chain.  And, on May 4, 2020, Grid Singularity tweeted this.

Grid Singularity on Twitter

Energy resources with trading strategies for a bottom-up, optimal market empowered with https://t.co/5xZ0X2l7Fm! Check out @Tesla’s Autobidder: https://t.co/xnfRTlQMJO

These connections of Elon Musk and Tesla with the renewable energy along with Autobidder which has been promoted by Grid Singularity prompted the notion that Tesla and Energy Web Token may have some underlying connections (and potential synergies).

At the time of this writing, no official statement has been yet released confirming these speculations.

Energy Web Token Road Map and Future

Energy Web Foundation’s vision is to impact the energy sector at scale. Their broad vision for future includes three main aspects:

ONE: EW-DOS makes it possible to build private and/or proprietary solutions on top of open source software and a public, decentralized network

TWO: EW-DOS is market and regulation agnostic

THREE: EW-DOS is not a “use case” or an “application”; it is public infrastructure that supports companies that want to build solutions

EWF is already working in Europe and Thailand. The solution will be available for everyone to build on.  

Who is behind Energy Web Token?

Before we look at the profiles of members involved with EW Chain, let’s recap the various pieces of this project: 

Energy Web Foundation: “Energy Web Foundation (EWF) is a global, member-driven nonprofit accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and decentralized technologies. EWF focuses on technology integration and development, co-creating standards and architectures, speeding adoption, and building community.”

Energy Web Chain: The blockchain platform itself

Energy Web Decentralized Operation System: “a secure, open-source, shared operating system for the 21st century grid. It is a stack of software and standards, including the Energy Web Chain, that will enable market participants to digitally orchestrate low-carbon electric systems.”

Decentralized Autonomous Area Agent (D3A): Platform that facilitates for the bidding of energy from producers to end users  

EW Origin: “a modular portfolio of toolkits [SDKs] for developing state-of-the-art trading and tracking applications for energy attribute certificate (EAC) markets”

Energy Web Token: Native Utility token on EW Chain

Members involved

The profile of companies that are involved with the EWT project is one of the most impressive. There are brand names like GE, Shell, Tepco, Duke Energy, Wipro, Swiss Power, etc., that need no introduction.

WET partnerships

Source: Whitepaper

Here are some recent partnerships that were not in the whitepaper:

Vodafone: Number 465 on Global Forbes 2000 and number 67 on Top 100 Digital Companies list. “Vodafone Group is one of the world’s leading technology communications providers, connecting people and organisations of all sizes to the digital society.” Vodafone is partnering will “combine SIM-centric blockchain technology (SCB) with IoT connectivity from Vodafone Business to create secure IDs for energy assets. This means that renewable and distributed assets like wind turbines, batteries, heat pumps, and solar panels can be integrated with energy grids safely and efficiently.”

Energy Web Token on Reddit | Twitter | YouTube | Telegram 

As of this writing, EWT has following presence on the social Media:

Reddit: 176 members | Energy Web Token Reddit link

Twitter: 5302 Followers | Energy Web Token Twitter link

YouTube: 328 Subscribers | Energy Web Token YouTube link

Telegram: 1511 members | Energy Web Token Telegram link

CoinmarketCap:  https://coinmarketcap.com/currencies/energy-web-token/

Where to buy Energy Web Token?

For those interested in purchasing the Energy Web Token, here are the exchanges that have listed the EWT as of this writing:

Conclusion

The Energy Web project is quite ambitious. We can see the potential of companies like Tesla getting onboard in future.  

Beyond the partnerships, members and ‘price to the moon’ predictions, we see a project that is laying the foundation for a major disruption in the energy industry. 

If EaaS comes to fruition as visioned, it can help the world as a whole to reduce our carbon footprint while democratizing energy in the hands of the common public.  

This is an exciting project in our point of view.

Bookmark this page as we will continue to update this page with future updates.

Subscribe to our FREE newsletter to receive weekly news digests, free eBooks, updates on projects like EWT and more!  We only send ONE email or less per week.

Elon Musk Image Source: “Elon Musk Dreaming of a Brighter Future” by jurvetson is licensed under CC BY 2.0

Thank you for reading and sharing this article. Stay safe and healthy!

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Get ‘Week in Crypto’ news updates in ONE email.
We never spam your inbox and we only send one email per week
with updates, news, eBooks, tax updates, and more!
Get knowledge, not spam! Subscribe here.

best Crypto Tax Software

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

CryptoSpace

Lessons from the Veteran HODLERS to the Newbies!

Published

on

Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

Trending