KWHCoin - Blockchain Technology Backed by Renewable Energy

Hi my fellow crypto mania. How are you ? Cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Have you heard about KWHCoin ? I will tell you in my article below.

KWHCoin is a digital currency backed by an equivalent measurement of deliverable kWh output from network participants. Network participants leverage data, smart meters, sensor readings and Green Button data to produce this output. The output is then tokenized to create digital assets on the blockchain.

KWHCoin is a blockchain-based community, ecosystem and cryptocurrency backed by units of clean, renewable energy. Physical units of kWh energy are leveraged from multiple sources including smart meters, sensor readings and green button data. This measurable output is tokenized on the blockchain to create KWH tokens.

Blockchain and other distributed ledger technology systems are the underlying protocol used to secure KWHCoin and the execution of energy transactions on the platform.This technology will enable the safe and secure transmission of energy data and ownership information by transacting all details in a public ledger, processed by decentralized computers all around the world.

KWHCoin has been developed for mass adoption and is designed to become the leading digital currency for the emerging Internet of Energy. KWHCoin is a digital currency that converts the data of distributed energy resources to digital tokens on a blockchain. These distributed energy resources will be received from solar power generators, solar communities, microgrids, electric vehicles, energy storage, wind energy, and hydroelectric power generators. All distributed energy resources that are used to convert to KWHCoin are generated through 100% clean renewable energy.

KWHCoin Mission

Our Mission is to improve the lives of the 1.2 billion peoples across the globe without reliable energy resources. We are building an application that will provide the platform for network participants to trade, xchange, 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 in our conversion process. We will not use any forms of energy that come primarily from fossil fuel production.

KWHCoin Values

Emergence and Agility - At KWHCoin there are no titles, no positions, no job descriptions, no interviews, and no limits. Emergence means people rise to take the initiative and achieve beyond expectation, but does not imply full consensus. Agility relates to our ability to think and understand quickly and apply this to market trends.

Humanitarianism - We believe that we are global citizens all living on the same planet, and there is a common denominator that connects us all. We want to change the world through humanitarianism by removing barriers to access that impede the improvement of the human condition. We are humanist, and we believe in peace and prosperity for all humanity.

Social Consciousness - We believe in creating a dynamic and thriving online community, and want to build a decentralized hive mind of people working toward the goals of the project.

Systematize - To systemize means that we intend to get information out of people’s heads and into systems. We believe in being fanatic about creating systems and software around any repetitive work. Many of the companies that have inspired our mission work with this belief.

Education - We want to teach the world about blockchain, the same way Internet pioneers taught the world in the 1990s. We are dedicated to learning and sharing what we know.

KWHCoin Features

Decentralization

Our decentralized system utilizes the distributed power of a network to enhance security, remove the need for central authorities, mitigate costs and empower all network participants.

Immutability

KWHCoin uses these capabilities to ensure the integrity of the digital tokens that are generated and verify the proper accounting and distribution of tokens.

Assets/Exchanges

With a store of data that no one can own, alter, or control, we now have the framework and digital foundation to rely on data that is stored. This immutable store of data is the essence of the network and goal of this project to use technology as a medium to lower the barriers to energy markets and economic freedom. This also removes the pressure of creating peer-to-peer exchanges without the need for a third party or central institution unilaterally controlling decision making and functionality. 

KWHCoin Goals

All our goals at KWHCoin are based around building and maintaining a strong community with belief in the project and its mission. To build a strong and active community, we shall reach out on all relevant forums and internet websites. Specifically: Reddit, Github, Medium, Slack, Facebook, Twitter, and Bitcointalk.

All our community-based goals can be classified as follows:

• Build a community network for cryptocurrency enthusiasts, developers and hackers through an internal Slack channel.
• Build a community for entrepreneurs, bootstrappers, marketing, social, business, and sales people.
• Build a community for renewable energy, environmentalists, climate change advocates and energy professionals.
• Build a fun and interactive community of socially inspired Individuals with the sole intention of improving the global quality of life. Plus, give the next generation the opportunity for a safe environment.
• Build a community of people who wish to join and to lead, including anyone interested in building decentralized solutions to today's business problems.
• Build a community of strategists and visionaries to create a vibrant culture that is agile and flexible.
• Build a community of multidisciplinary professionals to provide structure and leadership as we develop the project.

KWHCoin Token

KWHCoin 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 energy requirements for the home or building, or 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 increasing load efficiency.

Humanitarian Tokens (HE)

Central to the aim of this network is to have an enormous social impact and to improve conditions for the billions of people globally without clean, reliable electricity.

KWHCoin

The KWHCoin is a digital token that represents a promise on a delivery of work, measured in kilowatt hours, and made available by the participation of distributed energy resource producers on a network. KWHCoin will use verified meter readings from network participants, data from ancillary service providers and Green Button Data to generate tokens that will be rewarded to distributed energy producers.

The total supply of KWHCoin and its rate of issuance will be decided by the scale of assets that created, based on distributed energy resource generation. The results below are subject to change based on final input from the Board:

• 195,000,000 KWHCoins will be created to start this decentralized peer-to-peer energy economy
• 19.5 million KWHCoins will be used to fund the building of microgrids and developing 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 sustainable economies
• 101,169,000 KWHCoins will be publicly released the end of January for public Initial Coin Offering

The KWHCoin Public ICO is scheduled to launch near the end of January 2018. The currently agreed total supply of KWH tokens including the rate of issuance has been determined based on the products, services and the scale of the virtual and physical renewable energy assets to be created. The initial coin offering is set to create a total supply of 195,000,000 KWH tokens to launch our advanced energy economy and network of distributed energy resources.

Token Distribution

TOTAL COINS CREATED : 195,000,000

COINS IN CIRCULATION : 3,732,000

COINS SET FOR MICROGRIDS TO ELECTRIFY THE WORLD : 19,500,000

COINS ALLOCATED TO FOUNDERS, PRINCIPLES AND PARTNERS : 51,768,000

COINS ALLOCATED FOR PRE-SALE ICO : 15,000,000

TOTAL COINS SOLD : 15,000,000

1 ETH = 12,308 KWH

1 Ethereum = $800 | 1 KWH = $0.0655,00

10% of all initial coin offering and ALL profits generated related to Kwhcoin will be donated to icrogrid 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 Kwhcoins will be allocated for a presale 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 4 product offerings related to launching Kwhcoin as a decentralized renewable energy economy.

5% will be allocated to pay for business and administrative costs using the Kwhcoin 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.

CLICK LINK BELOW FOR MORE

KWHCoin Site : https://kwhcoin.com/
KWHCoin Whitepaper : https://kwhcoin.com/wp-content/uploads/2017/12/KWHCoin-White-Paper-REVISED.pdf

KWHCoin Twitter : https://twitter.com/kwhcoin

KWHCoin Facebook : https://www.facebook.com/KWHCoin

Profile bitcoin : https://bitcointalk.org/index.php?action=profile;u=1343532

ETH Addr :  0x0243E433ee123cDB927e22e99FA31D0d34195A38