What Is XiWATT?
XiWATT is a decentralized platform for crowdfunding that is focused around renewable energy costs. Making it a green energy platform that is usable by everyone and powered via Blockchain technology.
How XiWATT Renewable Green Energy Asset Trading Coin Works
The XiWATT Collective Energy Platform or XiCE that is also an Ethereum based platform usable by different communities and individuals alike. Private investors will also be able to use the platform to launch different green energy campaigns.
Step One: Proposal –
The first step of the process is the proposal. The proposal can range in scope and size, from a small solar farm to a larger energy co-op, like a wind farm that is for the purpose investing.
Step Two: Review Process –
After step one comes step two, the review process. The proposed project is then vetted by XiWATT and when approved it is known as a sector.
Step Three: Sector Listing –
Step three is known as sector listing. And it’s when the XiCE platform is opened for crowdfunding.
Step Four: Funding –
Funding is naturally step four, in which different contributors are able to fund the platform through standard fiat or cryptocurrencies.
Step Five: Token Distribution –
Token distribution turns into step five once the Sector meets it’s funding requirements. This is a unique token that is designed to be used in representation of the sector. These tokens are then distributed among the different contributors who become the members.
Step Six: Construction & Production Of Energy –
This is where it gets fun, step six is for the construction and production of energy. The Sector will be constructed first, then used to produce electricity and sold over the grid.
Step Seven: NRG Token Distribution –
Step seven is the distribution of the NRG token. Once electricity begins selling, tokens are distributed among contributors.
Step Eight: Redeeming Tokens –
Redeeming tokens is step 8. And members can now redeem tokens for energy bills or other profits.
The company promises complete freedom to the users and is designed to help people maintain and control their sectors as handled via the XiWATT platform. There won’t be any worry of needed energy technology being installed anymore.
This is said to lower the cost of installation and help to increase the scale at which projects can be managed. Users will benefit from these low costs because of the scale that will be allowed.
The tokens will be traded for energy no matter where the utility provider is located. And communities are said to become empowered because of this. There are other mechanisms that will be developed collectively to help with green energy production.
Ultimately they promise this will increase green energy production and reduce negative energy emissions on a worldwide scale. Diversification will allow for multiple sectors to be hit across the world.
XiWATT XIW ICO Details
ICO Pre-Sale for the coin start in about 37 days on March 24th, 2018. You can fill out a form right now on the platform to get started with the company.
Who Is Behind XiWATT?
The team is led by Hamza Choudry, an electrical engineer who has the focus of network protocol development. His experience includes working with large companies like Blackberry and ODVA. He is the leader of a team of eight professionals. All of whom have experience in the tech space, many with cryptocurrency and some with green energy.
Along with the team are some advisors who also have experience with green energy and technology. Together, they all work to make XiWATT a very real company with transparency. Something that is important for any startup, especially in this industry. Because right now there is a lot of fraud happening, and XiWATT looks to be staying away from that line of business. Basically, they are doing things right and look to be trustworthy.
The company is focused around the creation and distribution of green energy. They are transparent, have a great team and will likely meet success. If you’re a conservationists, or looking to invest into renewable resources, XiWATT could be the ideal company for you to get involved with.