KWHCoin – a decentralized application

KWHCoin – a decentralized application where consumers and energy sources configure their energy

KWHCoin is the digital currency supported by the measurement of the equivalent deliverables of the network participants. Network participants utilize data, smart meter, sensor readings and Green Button data to produce this latest output. The output is then tokenized to create a digital asset on the blockchain.

KWHCoin is the original digital currency of the Grid app and will be a decentralized currency that drives peer-to-peer transactions, token swaps, digital exchange trades and all transactions that take place in The Grid.

The distributed digital networks of distributed energy producers and consumers are known as The Grid. Grid is also the name of mobile and desktop applications that both serve as open source databases for energy transactions for network participants on the platform and as platforms for collaboration of renewable energy sources. KWHCoin is the original token and exchange medium for all transactions on the platform, and is very important for the security and integrity of transactional value for network participants.

KWHCoin mission

our goal at KWHCoin is based around, building and maintaining a strong community with confidence in its project and mission. To build a strong and active community, we will reach all relevant forums and websites. Specifically: Reddit, Github, Medium, Slack, Facebook, Twitter, and Bitcointalk

Community-based goals are classified as follows:

  • Build communities for the latest energy, environment, climate change advocates and energy professionals.
  • Improve the quality of life globally, and provide the next generation
    for a safe environment
  • Building community for entrepreneurs, bootstrappers, marketing, social, business, and salespeople (sales)
  • Build community networks for cryptocurrency fans, developers and hackers via Slack’s internal channels.
  • Build a fun and interactive community of socially inspired individuals

The Grid App

The Grid is a mobile and desktop application that serves as an open source database of energy transactions for network participants. KWHCoin is a digital currency that provides exchange media for transactions on the Grid platform. The grid has an open ecosystem with Application program interfaces, or commonly abbreviated APIs. This allows developers and entrepreneurs to develop more applications and service offerings, as network participants.

The purpose of The Grid is to model new and dynamic energy companies in the future. In addition, The Grid aims to build a social impact platform to advocate clean and affordable electricity for all.

KWHCoin Organizational Structure

The organizational structure of KWHCoin will be built by the founding team of our company, main investors, partners and interdisciplinary team of core members. This group will build strategy and define vision.

The team’s important roles are as follows:

  • Founder – Provides suggestions and perspectives that will utilize the smart contract to implement network decision making.
  • Director – Our members are the research and development apparatus for the platform. The role of the Board of Directors is to build the core library and provide the intellectual framework for the platform
  • Network Contributors – These are network generalists who participate in projects related to their specific industry.
  • Developer – Members will consist of technology and development tools for all core technologies and technology development
  • Funding – We are assigned to KWHCoin in a public Initial Coin Offering (ICO) for the end of January 2018. We are confident that we will accumulate sufficient funds for the initial cost of the project and will be able to fund app development and official launch.

Blockchain KWHCoin

Blockchain and other distributed ledger technology systems are the basic protocols used to secure KWHCoin and the implementation of energy transactions on the KWHCoin platform.

Distributed energy tokens created will be identified energy tokens on The Grid. KWHCoin has no central repository and no single administrator so the entire network has this energy company in the future, maximizing value at all points of creation and generation of distributed energy sources. This energy company model will have a balancing effect on all the resources that contribute to value generation.

KWHCoin Energy Source

Distributed energy sources are physical and digital assets placed throughout the distribution network, usually close to the load, and usually behind the meter. They can be used individually or aggregately to rate the grid, individual customer or both. The progress of increasing electricity delivery through inefficient and centralized command control has created opportunities for an alternative system.

renewable energy source

Distributed energy sources provide a dynamic solution to not only reduce costs, but democratize wealth and value for individuals and small businesses that create this distributed energy source. Distributed energy sources such as diesel, storage, energy efficiency, and demand management can be combined to provide service to the power grid and therefore generate value to be compensated at the edges of the electric grid where most people interact.

Distributed Source Energy Criteria

  • Connected to the power grid, in an approved manner, at or below the IEEE intermediate voltage (69kV)
  • Generate electricity by using primary fuel source
  • Save energy and provide electricity to the grid of the reservoir
  • Involve load changes made by end-use users (retail) especially responding to price or persuasion.

Local Power Generation

  • KWHCoin gives community members the ability to purchase renewable energy from local generation sources
  • Local energy generation reduces losses and extends the life of existing transmission infrastructure
  • The local generation also minimizes transmission costs for customers and with these KWHCoins create value and investment in the local economy

KWHCoin DISTRIBUTION

The total supply of KWHCoins and their issuing rate will be determined by the scale of the assets created, based on the distribution of distributed energy sources.

  1. 195,000,000 KWHCoins will be created to start this decentralized peer-to-peer energy economy
  2. 19.5 million KWHCoins will be used to fund microgrids development and off-grid technology development in Africa, Puerto Rico, South America, Southeast Asia and the Caribbean
  3. 50,000,000 KWHCoins for Founders and Partnerships with Social Impact organizations to build a sustainable local economy
  4. 101,169,000 KWHCoins will be publicly announced at the end of January for the Initial Public Coin offer

Allocation of Token

195 million KWH tokens will be made to start a sophisticated renewable energy economy

10% ICO

5% Pre Sale

53% funds for 4 product offerings

5% business and administration

27% Founders, core developers, and humanitarian partners

You can visit more of them here:

Website | Whitepaper | Twitter | Facebook | Reddit | Linkedin

About Toni Leon

I am Leon, I am interested in family issues like health, joy and happiness. My goal is to transmit anything I learn about feeling good to others through this blog. If you want to share anything. You can comment on my blog or send a contact to me

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