Windhan: Next generation renewable energy crowdfunding and trading platform

If you're into buzzword bingo, blockchain will have been top of your list for a few years now. But has it got any real-world applications? There have been plenty of attempts to make it work in different industries, from mining to music. Now a green energy trading platform called Windhan Energy is trying to use blockchain technology to make energy markets more efficient.

The company plans to use blockchain to link business buyers of energy directly with the producer. The idea was to use energy "tokenization" – by linking energy consumption and production data to the blockchain, in an attempt to digitize the country’s energy sector.

But what problem do Windhan actually hope to solve by using tokenization?

The world runs on dirty energy. For more than a century, burning fossil fuels has generated most of the energy required to propel our cars, power our businesses, and keep the lights on in our homes. Even today, oil, coal, and gas provide for about 80 percent of our energy needs. Using fossil fuels for energy has exacted an enormous toll on humanity and the environment—from air and water pollution to global warming. That’s beyond all the negative impacts from petroleum-based products such as plastics and chemicals. Here’s a look at what fossil fuels are, what they cost us (beyond the wallet), and why it’s time to move toward a clean energy future.

Changing the world from dirty to clean energy from top to bottom is difficult, it could take decades. Green energy, like solar panels or a wind turbine, requires significant investment. Windhan plans to solve the problem by creating a network where it’s easy for everyone to participate. Those who produce green energy, buy green energy, and invest in green energy can collaborate through a decentralized ecosystem.

So, how will Windhan crowdfunding and trading platform work? 

Windhan decided to make energy data available – and even to enable people to share their energy meter data with service providers. Windhan allows viable renewable energy projects to be listed on the platform while conforming to restrictions imposed by applicable laws. The platform is equipped with all the tools to assist developers in raising money by soliciting small investments from a large number of people. It acts as a mediator through which investors, as well as customers, connect with developers. This inclusive approach will alleviate the need for large financial institutions, thereby expediting the funding process. 

Once the platform is funded, asset-backed tokens will be minted to represent each investor’s contribution. The revenue generated from “Projects” is distributed to investors in the form of energy credits (called Project tokens). Investors will be able to use Windhan’s application to pay their electricity bill with WHN tokens - regardless of their utility company or location. 

WHN token is the power of Windhan crowdfunding and trading platform. It is an independent coin, which people on the Windhan network will use to trade power. The holders of WHN token can buy energy less than or equal to the value of the WHN tokens they hold before such projects can be sold to the public.

WHN is implemented on the public Ethereum blockchain as an ERC-20 compliant token. The total token supply is 250M tokens. The initial price is 1 Euro per token. In total, Windhan Energy developers intend to collect in the course of public sales of 250M Euros during the ICO.

The ICO (and the concept of Windhan) has EU approval so there is no danger of regulatory departments clamping down on it in the future. This makes the coin a wise investment as more sellers and buyers connecting on the grid means increase in value.

Windhan Energy Video Q&A

For more information about the project, you can visit the following links:

Website: https://www.windhanenergy.io 
Telegram: https://t.me/windhanenergyofficial 
Instagram: https://www.instagram.com/windhanenergy/ 
Facebook: https://www.facebook.com/windhanenergy/ 
YouTube: https://www.youtube.com/channel/UCIQ_H2Jz-2XeSrXKE-7WNcg/featured
Medium: https://medium.com/@windhanenergyofficial 
Twitter: https://twitter.com/@EnergyWindhan 
Reddit: https://www.reddit.com/user/Windhan_Energy 
BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2538625 

Author:

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