Tokenization represents the ideal solution for integrating renewable energy resources into the grid. The Kwhcoin vision includes a sophisticated roll-out and implementation plan that is certain to succeed.
According to researchers, the kilowatt-hour (symbolized kWh) “is a unit of energy equivalent to one kilowatt (1 kW) of power expended for one hour (1 h) of time. The kilowatt-hour is not a standard unit in any formal system, but it is commonly used in electrical applications.”
What’s Kwhcoin (KWH)?
A KWH coin, however, is a blockchain based community, ecosystem and cryptocurrency backed by units of clean, renewable energy:
Physical deliverable units of kWh energy are leveraged from multiple sources including smart meters, sensor readings and green button data. This measurable export output is tokenized on the blockchain to create digital KWH tokens for participants.
KWH is the native token for a decentralized application where prosumers, consumers and other distributed energy resources can connect and configure their energy resources.
KWH represents a kilowatt hour of deliverable energy output or equivalent that was generated and distributed as part of work that occurred on the platform.
The Kwhcoin is a digital currency backed by a kilowatt hour of electricity that aggregates the energy usage data of distributed energy resources. Any upstream value is automatically paired into a digital wallet and payment is in KWH.
KWH: a viable digital currency for the emerging Internet Of Energy (IoE).
Kwhcoin intends to serve as a baseline compensation model to assist developing business models, which ultimately will lower the cost of solar integration and unlock value at the grids edges for an independent and net zero renewable energy future.
The Kwhcoin network intends to provide a platform that incentivizes and compensates activity and work contributing to renewable generation from a local source.
The goal of Kwhcoin is to develop a renewable energy platform that has no barriers to access and that participants need only a phone and an internet connection to access.
“The future of energy generation and resource collaboration will be distributed in nature and the localized energy generation and distribution provide tremendous benefits both economically and environmentally.” – Girard Newkirk, Founder, Kwhcoin
The Kwhcoin ICO: Empowering and Democratizing Value at The Edges of the Grid
Kwncoin’s solution is to build a decentralized network of distributed energy resources connecting them with the blockchain and tracking energy usage so that their export energy to the grid is converted to a KWH token and is automatically transferred to their digital wallet.
The initial coin offering is set to create a total supply of 195,000,000 KWH coins to launch an advanced energy economy and network of distributed energy resources:
10% of all initial coin offering and ALL profits generated related to Kwhcoin will be donated to microgrid development and off grid technology investments in Africa, Southeast Asia, South America, The Caribbean and the 1.2 billion globally without access to a reliable energy source.
5% of Kwhcoin will be allocated for a pre-sale to raise capital for pending business opportunities behind the meter with commercial, industrial and residential community energy efficiency projects.
53% of the token offering will be used to raise funds for four product offerings related to launching Kwhcoin as a decentralized renewable energy economy.
5% will be allocated to pay for business and administrative costs using KWH as form of payment for services rendered.
27% of token generation is allocated for Founders, principals, core developers, and humanitarian partners for compensation and to launch the infrastructure for the social impact ecosystem.
Cryptocurrency and blockchain technology enable platforms to access and activate our passions for a sustainable and environmentally conscious energy future:
“We can leverage these technologies to disintermediate fossil fuel and monopolistic/utility networks that due to the economics of their investments make decisions not aligned with our environmental and economic needs but are based on fossil fuel reliance as ‘a cheap’ driver for our energy needs.”
Kwhcoin believes in circular economic principles.
Kwhcoin will aim to reshape the 21st-century grid and allow all energy consumers and producers the ability to generate value.
“We are building an application that will provide the platform for network participants to trade, exchange, donate and democratize the value of two-way generation to the electricity grid.”
Our virtual power company will be peer to peer and will use the internet as a digital rail to deliver clean localized energy to all members of the network, without the need of a trusted third party or centralized grid.
Kwhcoin is a blockchain-based solution for a cost effective and network incentive based structure to help shift from fossil fuels to efficiency and renewables.
“We intend to apply blockchain as a liberation technology enabling access to renewable energy from local distribution sources and to unlock value at the edges of the grid for those who choose to make environmentally viable choices.”
“Our mission is to lead the change in supplying humanity with clean energy. With support from clean energy advocates, nations, companies and charitable organizations, we plan to provide a viable solution for the 1.2 billion people who currently lack access to energy. The Grid will provide 100% clean, renewable energy, direct from solar and distributed energy resources, that access all renewable elements.” – Girard Newkirk
What’s “The Grid”?
The Grid is a mobile and desktop application that will serve as the open source database of energy transactions for network participants.
The Grid will consist of a decentralized global community of peer to peer clean energy prosumers, consumers, environmentalists, clean energy advocates, renewable energy providers and industry professionals.
All community members will contribute their collective distributed energy resources to assemble a global virtual clean energy cooperative.
The core technical offering is a mobile and desktop application web, Android and IOS.
The Grid will feature an open ecosystem with Application program interfaces, (API’s) that will enable developers and entrepreneurs to develop more applications and service offerings, as network participants.
The purpose of The Grid will be to model a new and dynamic energy company of the future that generates value at a network level for all participants, through its leveraging of the KWH currency.
The Grid will also aim to build a social impact platform to advocate clean and affordable electricity for all.
Participants will be able to use the mobile app or desktop app to access the tokens and will have access to the entire open source network to freely trade distributed energy resources.
Smart contracts will create a digital representation of the energy data and usage of network participants converting this data into digital tokens.
The Grid will operate like a comprehensive real time map of energy creation and transmission that network participants will use to interface with the network energy market.
KWH and The Grid will provide an alternative marketplace for the exchange of clean energy; providing a model for a decentralized, network owned energy company of the future.
The Kwhcoin Token Model:
The token models that we have developed are based on standards from the Electric Power Research Institute (EPRI) and will provide the basis for our network based token system to compensate participants for distributed energy resources.
KWH tokens will consist of unbundled distributed energy resource data from multiple sources to generate token using the following model:
Energy Efficient Tokens (EE): Token granted to network participants in energy efficient programs that effectively shift of shave load, or both. Measurement and forecasting play a large part to determine EE consideration.
Energy Storage Tokens (ES): Energy storage can be used as a resource to add stability, control and reliability to the electric grid. Energy storage technologies provide need power during periods of low generation.
Electric Vehicle Tokens (EV): Electric vehicle tokens will be granted to network participants with bidirectional flow of the vehicle power systems. Electric vehicles are stationary for most of the day, the battery from the EV can be used as a storage device that can provide additional services to the electricity grid.
Demand Response Tokens (DR): Demand response can be used as a resource by utilities and grid operators to balance supply and demand. This lowers the wholesale cost of electricity which help lower retail rates.
Microgrid Tokens (MG): Microgrids are localized grids that can disconnect from the traditional grid to operate independently. Local load usage and transmission further increase the efficiency of the grid.
Solar Photovoltaic Tokens (SP): Solar PV systems use solar cells, formed into solar panels, to convert sunlight into electricity. PV systems can be used to meet the energy requirement for the home or building or the energy from the system can be exported to the grid.
Combined Heat and Power Tokens (CH): Renewable energy that is a byproduct of cogeneration are capable of islanding or offering off grid services and increase load efficiency.
Humanitarian Tokens (HE): Central to the aim of this network is to have an enormous social impact and improve the human condition for the billions of people globally without clean reliable electricity
To be a part of Kwhcoin ICO
Website - https://kwhcoin.com/#/
Whitepaper - https://kwhcoin.com/wp-content/uploads/2017/12/KWHCoin-White-Paper-REVISED.pdf
Facebook - https://www.facebook.com/KWHCoin
Twitter - https://twitter.com/kwhcoin
About me ,
Bitcointalk name - cryplee
bitcointalk link - https://bitcointalk.org/index.php?action=profile;u=1349234
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