We just finished our AMA with ECOWATT
Q1: Kindly Introduce yourself and EcoWatt project to our community
Hi, I'm Paul, the Co-Founder of EcoWatt. I've been developing and advising on renewable energy projects for over 15 years now.
I've worked for some of the biggest companies in Europe and some NGOs including the United Nations in Africa and New York.
Together with my Co-Founder and key team members we have advised in over 1.5 billion USD invested.
Now we want to put this experience onto the blockchain to disrupt the electricity market together with you and achieve something awesome with huge growth!
EcoWatt is a store of value governance token backed by renewable energy.
Every 1 Token during issuing is backed by 1 Watt with a fixed value of 1.2 Euro.
Later we add more Watts against a fixed token supply and this increases token value utility and liquidity power .
Today the private sale is for 3 more days at 0.1 Euro.
We will 10x by October because listing price on botforex.com is 1 Euro.
And we hope to 10x again by 2023-25 and 10x again from enterprise adoption.
The potential is huge ;-)
Q2: Crypto currency is so popular in Southeast Asia market, some countries like Viet Nam, Philippines and Indonesia,...Do you have any plan to approach these countries which are so potential in crypto?
I think Asia is the most important Crypto market.
You understand the importance of reliable energy and see the potential of Crypto to generate wealth.
Bitforex.com is based in Hong Kong and I will travel there this month and probably visit several countries for a three month tour.
We want to build a strong active Asian community and reward with affiliate program and bounty projects.
Right now we have a bounty with a prize pool of 5 Ethereum value.
Join our Telegram to be a part of this
Q3: To be honest, I think you’re building a great product. What are the different ways Ecowatt makes money? What is the project’s revenue model? What are the charges and discounts available for using the platform?
We make money from
1) power sales
2) carbon certificates sales (like Tesla)
3) Lending marginThe electricity market is protected and regulated by governments all over the world.
It is difficult to enter but once you understand the mechanism then it is an amazing business case.
Renewable energy projects in most countries have government guaranteed income for up to 20 years.
This means we can guarantee to back token value for up to 20 years with this model.
We might live longer than bitcoin if you think about it because we can change or adapt our blockchain technology anytime!
Q4: Besides using the Ecowatt for governance, what other possible use cases do you see for the ECOWATT token in the near future?Have you considered integrating NFTs into your ecosystem?Energy-based NFTs will be one of the innovations that look forward to Smiling with smiling eyes.
Our token utility is backed by the revenues of our assets.
When staking the token you recieve daily rewards that have to be burned to access utility features.
Early utility features for the community are governance, instant liquidity leverage (up to 2x) and yes .. exclusive NFTs that also generate rewards!
For enterprise partners they buy and stake the token long-term to generate rewards and gain access to carbon certificates that they need to become green.
Carbon Certificates are becoming law in many countries and you all know that Crypto miners are under pressure to get them too.
We are a solution to a real problem.
We make crypto mining green and we all win and grow together!
Q5: I read that Ecowatt will plant a lot of trees in real life in addition to their core services.Can you please explain a little more about it? in other words, the deforestation caused by man is alarming. How is this virtual planting system run?
We want to establish ourselves as the climate change governance token.
We want to lead by example and use a a big part of our funds to support reforestation projects and sustainable farming projects.
We are partnered with trees.org and our first project already helps 500 families to develop sustainable farming, we supply green power and pump water and as part of this project 1 million trees will be planted.
We want to do several such projects every year forever and plant millions of trees.
We use the guaranteed income of our assets to afford this.
Q6:How do you keep your platform safe for Investors, and is your platform protected from hackers?And how do you manage if there’s an attack on your platform, including the personal data of your platform’s users?Is your platform ready for this?
Important question.
Again we are protected by our business case. The average wind turbine is 90m high and ways many tons.
Good luck hacking that 😂
But being serious.. our assets are on a public ledger and the information could be changed in theory but you can't actually change the physical assets.
Our token is just a bridge to access the value backed by the assets.
The smart contracts themselves are really simple.
Buy.. stake.. reward.. utility-access
No project is safer
Q7: According to the roadmap, what are your most important next priorities? Does your team have enough funds and strong community to achieve those milestones?
Our roadmap and priorities
2021 we already raised 1.4 million in round 1 presale
August September round two presale token at 0.1 euro
September
Initial exchange offering on Bitforex.com 0.3 euro then 0.8 euroOctober
Listing on Bitforex Uniswap and coinmarketcap at 1 Euro
Staking launches for vesting tokensLater 2021
Staking for all tokens up to 24% APYEarly 2022
Liquidity lending
Crypto mining initiativeTarget late 2022
End if issuing phase and beginning of growth phase2023-25
Minimum 5 to 10 Watt per token and minimum 10-20 euro price targetThat’s 100x from today
Q8: While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?
Community is key.
We work with large organisations that need to see a strong community to help us grow the green Asset Portfolio.
Also governance is important because we need the voice of normal people and not just politicians and billionaires to have a voice in the climate change debate
We reward you by working hard every day to increase token value, give you daily rewards, increase utility and launch affiliate and bounty programs for you to earn more tokens.
Q9: Do you have Whitepaper if yes please share it with us and secondly do you have plans for pre-sale? Where can we join it?
Whitepaper..
Yes of course.. we have a detailed 50 page whitepaper available on our website EcoWatt.io
We are actually updating it at the moment with partnerships and the Bitforex lEO details
I've shared key information here but have a look and ask us more on our telegram anytime :-)
Q10: Can you explain to us how to purchase your token? Will you have private sale and public sale event?
How to purchase our token :-)
I'm glad you asked 😅Airdrop and Private Community Sale now open!!!
Register to claim your free Tokens, get an affiliate link to earn even more and use the opportunity to buy more at a 10x discount of listing price!
https://tokensale.ecowatt.io/login
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BUY ECOWATT TOKEN NOW
https://tokensale.ecowatt.io/login
€0.10 = 1 TOKEN
Airdrops & Private Sale
30-06 Aug / SepBitforex.com
Initial Exchange Offering10-20 September IEO1
€0.30 = 1 TOKEN24-30 September IEO2
€0.80 = 1 TOKEN09 October Listing
€1.00 = 1 TOKENHow to buy EcoWatt Token:
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0xd9E838dd60c8ea1e7dD4E670913323bB87DB112cAdd custom token in Meta Mask or Trust Wallet on Matic Main Net
EcoWattToken
EWT
Decimal like it is recommended
Q11: So what are your unique and special feature? What feature can attract new user into your platform?
What are our killer features ...
1) We are the only (soon) listed Blockchain project backed by a real world business case that generates revenues independent of adoption and token sales.2) we increase token value organically with REVERSE BURNING - we don't burn to create fake scarcity .. we ADD real value with Watts and organically increase value utility and liquidity of the Token.
3) we solve a real problem that the whole Crypto market knows about. If we are adopted, we make crypto mining green. We are needed and useful.
Q12: Covid-19 has a bad impact in almost every sector. So, as a crypto projects how did it affect you? How you and your team have done the work in the pandemic?
We are pandemic and Crypto winter proof. We are the perfect store of value that goes up in value.
Can anyone imagine a situation where the world does not need electricity or suddenly decides that oil and coal is better than green energy?
As long as the sun shines and the wind blows our token will exist.
Our first contracts are already for 10-20 years on average so HODL !!!
Q13: Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups?
How to get news ...
Start with our website and telegram.
www.EcoWatt.ioWe are launching a big media campaign late next week by the same company that runs campaigns for red bull.
Right now we are a 10x secret but soon everyone in Crypto will have heard about the project that will make Crypto mining green.
Q14: What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
Our strength and weaknesses
We are a game changer because we are the first company to offer this type of solution for the electricity market.We solve a specific problem. We make businesses such as Bitcoin miners or Google data centers green.
We are like a VeChain or Chainlink with a enterprise solution that also uses the blockchain.
The electricity market is complicated and you need specialist with decades of experience. I am very enthusiastic but I also have worked for some of the biggest energy companies in Europe and delivered work for NGOs and government ministries.
I have a background in business and law and professional certification from Harvard University.
And most of my colleagues are more experienced than I am. Dr Rolf Schiffer our asset leader literally teaches applied geo engineering at a leading German university
We are not delivering an idea and testing if it works. We have been delivering these projects for years and now adding that value to the blockchain.
What we are missing is a community and we are new to social media so help us grow and grow with us.
Q15: How old is Your project? What are the major plans ahead? Could you show to us image of your roadmap?
How old is our project..
I have been in renewable energy for 15 years and my colleagues up to 25 years.
I did the first limited pilot project connecting crypto and renewable energy in 2018.
We are energy experts and recognise that enterprise Blockchain solutions are the future.
