Energy Web Token (EWT) powers the Energy Web Chain, offering a purpose-built blockchain for the energy sector, enabling customizable decentralized applications with advanced scalability and data priva... More
| Fully Diluted Valuation | $80.76M |
|---|---|
| 24H Trading Volume | $291,908 |
| 24H Low / High | $1.15 / $ 1.23 |
| Circulating Supply | 60.50 M |
| Total Supply | 69.02 M |
| Max Supply | 100.00 M |
| Categories | Energy 6 more |
|---|---|
| Founder | Rocky Mountain Institute 1 more |
| Website | energyweb.org |
| Socials | 4 more |
| Chains | Gnosis(xDai) Ecosystem 1 more |
| Explorer | Subscan 5 more |
| Contracts |
0x6a8....25ec2
1 more
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| Name | Pair | OG Score |
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Energy Web Token (EWT): Transforming the Energy Sector through Blockchain Innovation
Energy Web Token (EWT) stands as the operational backbone of the Energy Web Chain, a groundbreaking blockchain-based virtual machine designed to revolutionize the energy sector. Launched in June 2019 by the non-profit Energy Web Foundation, EWT aims to foster diversity in the energy industry by empowering developers to create decentralized applications (DApps). This innovative platform, developed through a collaboration between Rocky Mountain Institute (RMI) and Grid Singularity (GSy), offers a tailored solution for the energy sector's unique needs.
Founders and Vision
RMI, a distinguished name in energy research, joined forces with GSy, a blockchain developer, to bring about a transformative change in the energy landscape. The Energy Web Chain was conceived with the intention of leveraging blockchain's decentralized power to enable actors across the energy spectrum to develop new solutions. The project is driven by a vision to make the energy industry more traceable, democratized, and supportive of decarbonization efforts.
Key Features and Unique Selling Points
Energy Web Token distinguishes itself by providing enterprises with the flexibility to create highly customized DApps. Unlike other blockchains, EWT is purposefully designed for the energy sector, ensuring state-of-the-art scalability and data privacy. The Energy Web Decentralized Operating System (EW-DOS) further enhances control and management of electrical systems online, catering to grid operators, software developers, companies, regulators, and individuals alike.
Proof of Authority Consensus
The Energy Web Chain is secured by a Proof of Authority consensus, a variation of Proof of Work. This model employs a smaller number of validator nodes, including well-known organizations, ensuring faster processing times and lower energy consumption. This unique approach sets EWT apart as the only public blockchain utilizing Proof of Authority with established organizations as validator nodes.
Utility Token and Use Cases
EWT, the native utility token of the network, plays a pivotal role in interacting with DApps and smart contracts on the Energy Web Chain. Token holders can utilize EWT for transactions, staking, and network participation. With a maximum supply of 10 million EWT tokens over ten years, the platform ensures sustainable growth while rewarding validator nodes with transaction fees.
Market Presence and Partnerships
Energy Web Foundation, the driving force behind EWT, is a non-profit organization founded in 2017. Over the years, it has raised approximately US$20 million to fund the project and has garnered partnerships with industry giants like Exelon and Shell. The Energy Web ecosystem has grown to become the world's largest open-source, decentralized ecosystem for leveraging blockchain technology in the energy sector.
Energy Web Token, powered by the Energy Web Chain, is reshaping the energy industry by providing a purpose-built blockchain solution. With its unique features, commitment to sustainability, and a growing ecosystem, EWT is poised to play a crucial role in the transition towards a low-carbon, customer-centric energy future.
Energy Web Token stands out by offering a purpose-built blockchain solution tailored for the energy sector, enabling developers to create highly customized decentralized applications (DApps) with advanced scalability and data privacy features.
Energy Web Token is a joint initiative led by Rocky Mountain Institute (RMI), a prominent energy think tank, and Grid Singularity (GSy), a blockchain developer, bringing together expertise in energy research and blockchain technology.
Energy Web Token is backed by the non-profit Energy Web Foundation, founded in 2017 by Rocky Mountain Institute, Grid Singularity, and ten other affiliates. The foundation has garnered support from industry heavyweights, including Exelon and Shell.
You can buy Energy Web (EWT) on MEXC, Gate.io, Kraken, KuCoinBitMart cryptocurrency exchanges.
