EcoWatt is a Blockchain Enterprise Solution with a green alternative for carbon-neutral crypto mining. Being the first blockchain project ever to be backed by physical green power assets, EcoWatt’s token is a currency to leverage green energy. Each token is rated in terms of Watts and currently 1 EWT = 1 Watt. Their business model has three recurring revenue streams which will be used to empower the utility features of the token and to increase its value over time. On a larger scale, the company produces renewable energy and plants millions of trees to contribute to the reduction of global carbon footprint.
Realizing The Social Responsibility
The global energy demand is growing day by day and the recent transition from in-person to an online world because of the pandemic has only added to the already existing scarcity. While there is a need for mass production, there is also the want to go green with renewable energy alternatives. The majority of public perception and government regulators are demanding to reduce the carbon footprint and urging the switch to alternative renewable sources.
One other thing that the pandemic fueled is the search for alternative sources of income. Cryptocurrency with the use of blockchain technology has caught the world’s attention as the best option for passive income. But, they require vast amounts of energy to function and need to go green. Many companies have adopted measures to reduce the carbon impact and one of them is through Carbon Credits. For example, Tesla Motors produces Carbon Credits with each of their electric cars that replace the non-renewable petrol consumption.
EcoWatt realizes the need for this shift and actually manifests it in their actions. They produce Carbon Credits with its green asset portfolio and by planting millions of trees for reforestation projects. They also have sustainable farming projects in Sub-Saharan Africa. With this, they prevent tons of CO2 emissions every year along with preventing soil erosion and restoring the water supply. With this, EcoWatt increases its token value and offers a responsible solution to make crypto mining facilities green.
A Promising Token
Even though EWT has a fixed supply, the green asset portfolio uses its recurring revenue streams to keep growing. It adds more and more value, Watt, to a token and along with it, the value, utility, and impact also increase. There are also heavy incentives provided by EcoWatt for staking, that is, locking up the token. There are daily staking rewards like low-cost liquidity leverage.
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