KWHCOIN:A NEW ERA OF DIGITAL CURRENCY
KWHCoin is a digital currency provided by a kilowatt-hour of electricity that combines data on the energy consumption of distributed energy resources. Any upward value is automatically associated with a digital purse, and the payment is evaluated and distributed to KWHCoins.
KWHCoin is a blockbuster solution for a cost-effective network structure based on incentives to help move from fossil fuels to efficiency and renewable energy. As a technology, the block will provide access to renewable energy sources from local distribution sources and unlocks the value of the power system advantage for all who decide to make an environmentally sound choice. The goal of the project is to create a decentralized, equitable energy network that allows participants to share, trade and share distributed energy resources that have been verified on the platform.
KWHCoins is a digital currency that will reduce the cost of solar integration and will reveal the value of the power system’s advantage for an independent future and renewable energy with zero primary energy consumption. Network members will be able to use KWHCoins to trade renewable energy without intermediaries.
The task of the project is to use the technology of blocking with the use of smart contracts, it will be a virtual environmentally friendly energy organization that does not have a central authority, however, the network belongs and is managed using the latest technologies and innovations.
The main technical offer is a mobile and desktop application for use on the Internet, Android and iOS. Grid – a mobile and desktop application, is a database of open source energy operations for network members. Digital currency KWHCoin provides payment facilities for operations on the Grid platform.
Since the Grid has an open ecosystem with application programming interfaces (APIs), developers create more applications and service offerings as network members.
The new digital currency KWHCoin, converts the data of distributed energy resources into digital tokens on the block. These resources will come from generators of solar energy, communities, electric vehicles, energy storage, wind energy, generators of hydroelectric energy. All the distributed energy resources that are used to convert to KWHCoin are generated through 100% pure renewable energy. Token models are based on the standards of the Electric Power Research Institute (EPRI) and serve as the basis for a network token system to compensate participants for distributed energy resources.
KWHCoin will become a leader in supplying clean energy around the world. For 1.2 billion people who currently do not have access to energy, a viable solution will be provided.
The distribution of KWHCoin will be as follows:
195.000.000 KWHCoins will be created to launch a decentralized, equitable energy economy.
19.5 million KWHCoins will be used to finance the construction of microgrid and the development of off-grid technologies in Africa, Puerto Rico, South America, Southeast Asia and the Caribbean
50,000,000 KWHCoins for founders and partnerships with social impact organizations to build local self-sufficient economies
101.169.000 KWHCoins were publicly released in early February for the public ICO.
10% of all revenues from KWHCoin will finance renewable energy projects for 1.2 billion worldwide without access to renewable energy sources. Puerto Rico will be the first beneficiary, and the first contribution to the restoration of a clean, renewable and decentralized Puerto Rican network.
KWHCoin intends to serve as a stable exchange guide for clean energy, using kWh of network participants as the base asset value. It will provide a stable digital currency with energy support for those regions of the world that do not have access to the energy and currency markets being decomposed.
Anyone who has a smartphone or computer, KWHCoin will provide access to clean energy markets, even the poorest in the world, who have only access to global markets.
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