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Energy Web Token
About Energy Web Token
Energy Web Token (EWT) is a blockchain-based cryptocurrency designed for the energy sector, operating on the Energy Web Chain. It focuses on integrating renewable energy sources for a sustainable energy ecosystem, facilitating transactions, incentivizing participants, and supporting decentralized energy applications. EWT is part of the Energy Web Foundation (EWF), a non-profit working on decentralized, decarbonized energy systems, collaborating with energy companies, tech providers, and developers. EWT's utility includes transaction facilitation, governance through staking, incentivizing validators and developers, and access to decentralized energy applications. It's pivotal in advancing renewables, energy efficiency, and decentralized energy solutions.
Energy Web Token (EWT) is the native cryptocurrency of the Energy Web Chain, an open-source blockchain platform aimed at accelerating the transition to renewable energy sources. The platform focuses on making the energy ecosystem more traceable, democratized, and decarbonized by utilizing blockchain technology for transparent energy trading, grid management, and more. Within this ecosystem, EWT serves multiple roles such as facilitating transactions and incentivizing community participation.
EWT is part of the Energy Web Foundation (EWF), a global non-profit organization founded in 2017 by the Rocky Mountain Institute and Grid Singularity. They aim to advance blockchain solutions in the energy sector and facilitate a transition to a decentralized, low-carbon energy system.