EtainPower Token

EtainPower Token

Created using Figma
Created using Figma

Last Update

Nov 17, 2018

High initial financing requirements at the beginning of projects can become one of the most insurmountable barriers to build renewable energy projects. On the other hand, investors with the capital have created the demand to make more investments in renewable energy projects, but they can't find the investment channel. EtainPower aims to solve the funding problems, ease of investment, and logistical challenges facing the global electric power system:
Pre-Sale
Nov 1, 2018
Nov 4, 2018
100% completed
$500 000
2.4 K
cap
goal
25% cap completed
Goal 500 000 USD
Cap 2 000 000 USD
past
  • 1 EPR
    =
    0.00238095 USD
Token Details
Ticker
EPR
Accepted Currencies
ETH
Company Details
Registered Country
Cayman Islands
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes , from May 1, 2018 till Dec 25, 2018
KYC
Yes
Categories
Energy

About EtainPower Token

The energy industry has always been an industry with centralized authorization and operation. While conventional fossil fuel generates cheap electricity for us, it also causes severe and even irreversible pollution and damage to the environment. In recent years, the world’s international powers have begun to realize the problems caused by the consumption of conventional fossil fuels, such as global warming and pollution, many governments have issued policies to promote the development of renewable energy projects. As a result, the renewable energy industry has made great progress and development, and the cost to construct renewable energy projects is decreasing gradually. Because of this, more renewable energy power projects were built than conventional fossil fuel power projects. In 2016, 60% of the newly-add global power capacity came from renewable energy.

Although renewable energy has made some achievements recently, there are still some problems that need to be solved during development.

First, comparing to conventional fossil fuel power plants, the initial capital demand for renewable energy projects is relatively high. Most renewable energy producers want to decrease the initial equity investment and do project financing to make more profit. With the gradual decrease of government subsidy for renewable energy projects, investors enhance the requirement of project financing. Therefore, renewable energy producers are competing fiercely for the investment, making it difficult to obtain the project financing.

Meanwhile, in the model of traditional financing, some financing institutions like banks are conservative, and they don't know the industry technology and standard of renewable energy very well, so comparable to a conventional fossil fuel power generation project, a renewable energy project is more difficult to get financial support. High initial financing requirements at the beginning of projects can become one of the most insurmountable barriers to build renewable energy projects.

On the other hand, investors with the capital have created the demand to make more investments in renewable energy projects, but they can't find the investment channel. Information asymmetry exists between the investor and the renewable energy producer. For some middle and small size investors, even if they have the channel to invest in renewable projects, they don’t have the ability to screen and evaluate the project. Then for middle and small size investors, if they invest in renewable energy projects, they can only obtain the return of the investment through using the electricity generated by the project or obtaining the currency of the project location. Because of this limitation, the investors are normally concerned about whether or not they can obtain the expected return on investment in the future. The limitation of geography and fiat currency become the main obstacle to investing in renewable energy projects.

Third, because the electricity generation of renewable energy project is unpredictable and fluctuates from time to time, it is difficult for power grid operator to balance the power generation and load when a large number of renewable energy projects are connected to the grid. Inadequate experience in managing renewable energy grid connections and lack of smart grid technology causes power utility companies a lot of issues to deal with.

EtainPower aims to solve the predicament and challenges of the global electric power system:

EtainPower is building up a blockchain based renewable energy trading platform. Through blockchain and smart contract technology, EtainPower will tokenize the renewable energy revenue and help renewable energy producer complete project financing. EtainPower will build a decentralized, fair and transparent financing environment, reduce financing cost while improving efficiency for project financing, and therefore promote the development of renewable energy.

EtainPower will build the effective channel for global investors to access and invest in renewable energy projects, EtainPower will conduct due diligence to ensure project quality and the investor’s benefit. Project investor can either change the energy token to the EtainPower token or electricity or use the energy token to purchase various services within the EtainPower ecosystem.

Furthermore, EtainPower will make use of AI technology to optimize renewable energy grid connection, create smart grid technology to ease the adoption of renewable energy, and enhance the elasticity of the power grid.

EtainPower puts ample effort on reforming the traditional centralized electric power sector, connecting renewable energy producers, investors, consumers and power grid operators in the global range to build up a totally new AI energy ecosystem driven by the blockchain.

Features

EtainPower is a blockchain-based transaction platform for renewable energy financing. Through the platform, energy producers can establish connections with global investors to meet their project nancing needs. Operating like a futures market for energy, capital is raised for project construction by selling the subsequent revenue from power generation to the investors, below the agreed market price. In this system, renewable energy producers will issue their own energy tokens allowing investors to purchase future power revenue. Once the project is operational, revenue from power generation will be automatically transferred by smart contracts on the blockchain, activating the value of the energy tokens held by investors. Then, investors can exchange the energy tokens for equal value in EtainPower’s token (EPR) or use the energy tokens for electricity payment and purchase of various other services within EtainPower's ecosystem.

In the field of smart energy blockchain, there is no leading company, but EtainPower is the first to combine blockchain and AI smart grid technologies. EtainPower has a large number of renewable energy projects around the world, including the United States, China and the Caribbean islands.

Technical Info

EPR Token is a platform currency that is circulated in the EtainPower energy ecosystem.
The platform currency can be used for diverse energy consumption, project voting, and project revenue sharing.
At the same time, the EPR Token can be used to invest in various types of high-quality renewable energy projects.

Blockchain Technology Artificial Intelligence EPR Token

EtainPower Token Roadmap

  • Q3, 2017

  • EtainPower officially started.
  • Q2, 2018

  • Sign contract with Antigua power utilities
  • Q3, 2018

  • PPS Wallet 1.0
    Finalizing auditing criterion
    for project financing
  • Q4, 2018

  • EtainPower Token sale
    PPS Crowdfounding Platform.beta
    600MW Energy projects contracts signed
  • Read More
  • Q1, 2019

  • Crowdfunding Platform 1.0
  • Q4, 2019

  • Raising capital for 4 GW projects
  • Q1, 2020

  • Releasing P2P trading applications
    EV-rental & EV-Charging services
  • Q4, 2020

  • Smart grid system 2.0
    Rasising Capital for 16 GW projects

Activity

Followers:
15 709
VERY HIGH
Tweets:
147
MEDIUM
30 Days Growth:
-1562
Members:
93 880
VERY HIGH
30 Days Growth:
-3051
Alexa
Rank:
686 697
LOW
Delta:
-1 855 250
Year commits:
14 571
Watchers:
8
Stars:
0
Forks:
0
Open issues:
0

Team

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

Co-Founder and CTO
unverified
Co-Founder and former CTO
unverified
Senior software engineer
unverified
Software engineer
verified
Director of marketing (USA)
unverified
Content and Social Media Manager
unverified
VP of Engineering & AI-Grid
unverified
Lead Software Engineer
verified
Marketing Manager (USA)
unverified
Business development manager
unverified
Director of BD and Marketing (Korea)
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Strategic Advisor
unverified
Energy Expert
unverified

Former members

Sanwen Xue
Founder & CEO
Sophia Zhou
Director of Administration
Derrick Gu
Director of of BD & Marketing (Korea & Japan Marke...
Jasmin Adzic
Software Engineer
Abemelek Abay
Engineering Manager
Wilson Chen
Chief Designer
Santiago Ullal
Social Media Manager
Marketing Manager (USA)

EtainPower Token Interviews

Max Guo
As a team member, сan you tell us about your role in the ICO project?
I work as a software engineer, my responsibility includes design, development, maintenance, testing, and evaluation of EtainPower energy trading platform
What do you think about idea?
As far as I concern, EtainPower is a project with great potential. It aims at solving the energy trading difficulty world wide.
Jeffrey Zhang
As a team member, сan you tell us about your role in the ICO project?
As a Lead Software Engineer at EtainPower, I am responsible for developing the company website, platform, and future software.
What do you think about idea?
EtainPower is a renewable energy financing and trading ecosystem empowered by both blockchain and AI technologies. Backed by a team of top-tier engineers from Silicon Valley, we introduced a groundbreaking blockchain architecture to tokenize global renewable energy assets, allowing them to be traded rapidly and freely through our highly decentralized blockchain technology platform in a fast and safe way.

Last News

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