What is Energy Web?
Energy Web (EW) finally launched their first ever project using Blockchain technology, its non-profit organization who working on the project since 2017. The project was launched by co-founder of think and do tank i.e. rocky mountain institute after collaboration with Grid Singularity (GSy), as they help to build Blockchain. this energy Blockchain start-up already invested more than $322 million and in 2018 more than 37+ affiliates grown from the Community
The main mission of project is to promote electric system i.e. EV technology to eliminated carbon pollution by collaborating with Blockchain and decentralized technologies. In order to provide solution to lower carbon emission EW is focusing on the launching core infrastructure, adoption of commercial solution in the different industry and sharing of technology.
In 2019 EW come up with the Energy Web Chain i.e. said to be first ever open-source blockchain technology based on electricity or energy sector. Initially for launching testnet they had used public Ethereum’s Kovan Network and uses proof of authority to validate transaction. now, Energy Web mainet is based on EW—DOS i.e. Energy Web Decentralized Operation System, which is open stack decentralized software and standard that include SDK and other services.
Energy Web Token Price Prediction
|Month & Year||EWT Price Prediction|
Energy Web Token Overview
|Project name||Energy Web|
|Total Supply||100,000,000 EWT|
|Based on||Energy EV Blockchain|
|All-time high||$8.13 USD|
|Exchange Platform||Liquid, BitMart|
|Wallet||MyCrypto, MetaMask, Ledger and Trezor.|
|Partners||Central American Electricity retailer, Vodafone, Swytch,|
EWT Token ICO Overview
No, ICO or IEO found.
Energy Web Token Price Analysis
Energy Web Token is native token of the ecosystem that is not based on ERC20 Token but using Bridge it can be minted. The main purpose of EWT is to provide security by detecting and projecting the network from misbehaviour and it also used to provide rewards to the blocks and validation via transaction fees. EWT playing major role in the economics of Energy Web project in which it will be used to payment for service that enhance dApps. On 30th march 2020, EWT indexed on coinmarketcap where the opening trade price was equal to $1.05. however, EW started gaining noticeable market cap volume from 20th may 2020 and that was time where bullish run of EWT starts. if we look at time ROI since indexed, which is almost over 415% and probably it continues to positive trend till end of 2020.
Can EWT Reach $10 USD?
Yes, most probably this can happen in end of 2020.
How Much Energy Web Token Worth in 2030?
Probably crossing $30 USD mark.
Is Energy Web a Good Investment?
Yes, both long and short term will be the good option.
The Energy EV Technology is future, because currently many automobile industries launching their fully electric cars and also other commercial adopting electric solution and with the help of growing Blockchain technology the market will be on different level. EW bagging more partnership with different counties recently they closely working with Australia and German based companies and the Partnership with Vodafone will be the game changer for them. in the solution column they have launched Renewable energy markets and demand flexibility and Electric vehicle, as more technology will be added.