WePower.network
Category: Renewable energy investment
Telegram: 35k @ @2019-01-19
Sentiment – Very Pleasant but quiet (barely any negativity)
Geography – Sun/Wind markets – Big push in Australia for their service
Recent news – LOI from minster of energy in Lithuania – Startupbootcamp admission in Australia in Feb
White paper - https://drive.google.com/file/d/0B_OW_EddXO5RZjhuTlgwNkQtSEU/view
Bounty program (YES): https://bitcointalk.org/index.php?topic=2213411.0
Overview:
WePower has very positive media coverage and social media presence. I had a more difficult time than most ICO finding negative press on them. One of the bigger news stories on this team is that they are being backed by SBC (Stratup Boot Camp) in Australia. SBC is giving them access to Energy Australia (owned by a Hong Kong company), Spotless and DiUS. Energy Australia and DiUS make sense but I’m not 100% sure what the Spotless collaboration adds. They look like they are contracted by power providers to do preventive maintenance, meter readings, etc. In their videos/marketing they mention that producers would be inspected and maybe that is the reason for Spotless or maybe some software integrations.
What like:
I think the most powerful aspect of this is the Australia connection. They are in a transaction from dirty energy to clean energy. They are rich in coal/gas but you have probably seen in the news they are stumbling and running into blackouts. They pay some of the highest rates in the world right now at almost 45cents kwh. You probably also have seen the Elon connection about the 100 day power bank build. If they can make something happen there, they would get some healthy coverage.
Their team looks solid. Connections in Estonia’s major power company through Kaspar Kaarlep (CTO). Equivalent of BCHydro CTO that deployed the smart meters project. I put a lot of weight on these connections.
What I can’t understand:
I’m having a hard time understanding how a producer is audited and how they deliver the energy. It sounds like WePower will fund energy producing projects and these producers must accept WPR as a currency for their power. I’m really having a hard time understanding this.
What I don’t like:
This is an infrastructure project similar to Envion, returns in my opinion seem low currently compared to holding ETH. If im doing the numbers correctly, expected to sell 270million WPR @ 4000 WPR per ETH which is ~75million raised. Year 1 they are looking at donation of energy of ~2m. So approximately 3% annual return?
If I’m reading their whitepaper chart correctly, it’s actually .9% (not even 1 %!). $171 Euros per year if you invest 10ETH.
Category: Renewable energy investment
Telegram: 35k @ @2019-01-19
Sentiment – Very Pleasant but quiet (barely any negativity)
Geography – Sun/Wind markets – Big push in Australia for their service
Recent news – LOI from minster of energy in Lithuania – Startupbootcamp admission in Australia in Feb
White paper - https://drive.google.com/file/d/0B_OW_EddXO5RZjhuTlgwNkQtSEU/view
Bounty program (YES): https://bitcointalk.org/index.php?topic=2213411.0
Overview:
WePower has very positive media coverage and social media presence. I had a more difficult time than most ICO finding negative press on them. One of the bigger news stories on this team is that they are being backed by SBC (Stratup Boot Camp) in Australia. SBC is giving them access to Energy Australia (owned by a Hong Kong company), Spotless and DiUS. Energy Australia and DiUS make sense but I’m not 100% sure what the Spotless collaboration adds. They look like they are contracted by power providers to do preventive maintenance, meter readings, etc. In their videos/marketing they mention that producers would be inspected and maybe that is the reason for Spotless or maybe some software integrations.
What like:
I think the most powerful aspect of this is the Australia connection. They are in a transaction from dirty energy to clean energy. They are rich in coal/gas but you have probably seen in the news they are stumbling and running into blackouts. They pay some of the highest rates in the world right now at almost 45cents kwh. You probably also have seen the Elon connection about the 100 day power bank build. If they can make something happen there, they would get some healthy coverage.
Their team looks solid. Connections in Estonia’s major power company through Kaspar Kaarlep (CTO). Equivalent of BCHydro CTO that deployed the smart meters project. I put a lot of weight on these connections.
What I can’t understand:
I’m having a hard time understanding how a producer is audited and how they deliver the energy. It sounds like WePower will fund energy producing projects and these producers must accept WPR as a currency for their power. I’m really having a hard time understanding this.
What I don’t like:
This is an infrastructure project similar to Envion, returns in my opinion seem low currently compared to holding ETH. If im doing the numbers correctly, expected to sell 270million WPR @ 4000 WPR per ETH which is ~75million raised. Year 1 they are looking at donation of energy of ~2m. So approximately 3% annual return?
If I’m reading their whitepaper chart correctly, it’s actually .9% (not even 1 %!). $171 Euros per year if you invest 10ETH.
Suggestion:
I want to like this. Overall customer sentiment is positive. Team looks good, and it looks like they have customers/partners in Estonia already and the Australian StartupBootcamp connection is a huge bonus.
I think this is at least a good flip maybe more.
Comparable: $POWR PowerLedger (10x in 60 days from being listed on Binance)
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