Since going public in January, 2018, XiWATT has had a unanimously positive response from their community. Lauded for their transparency and clarity of vision, the team has been active on their Telegram group and have responded with thoughtful answers to every inquiry.
At its core, XiWATT is a scalable platform that enables individuals and communities to crowdfund, co-own, and trade renewable energy assets, regardless of location or living conditions. It connects customers and renewable energy infrastructure developers, while helping to facilitate the planning, creation, and management of green energy assets.
The platform is supported by unique business models at all scales of the market and is reinforced by legal and logistical frameworks that help projects withstand the barrage of technological, regulatory, and corporate challenges that plague the renewable energy landscape. The blockchain plays an integral role in the platform by providing transparency, governance, and autonomy around the crowdfunding and management of renewable energy assets through XiWATT’s “Sector Model”.
These are the three primary applications that make up the core of the platform:
Launch Green is where renewable energy projects (“Sectors”) get organized and funded by eligible participants, allowing anyone to co-own renewable energy assets. Sectors are large-scale renewable energy projects (>1 MW installed capacity) that are crowdfunded by XiWATT users in a manner that resembles a mini-ICO. The energy produced by each Sector is not directly consumed by the crowdfunding participants, but rather tokenized and credited to them on an ongoing basis as the sector continues to generate power. The Sector can be structured in coordination with local utilities to accommodate intricate laws and regulations, making renewable energy investment possible regardless of location or living circumstances.
Cloud Net Metering
Cloud Net Metering is an application that will allow any user to pay for / offset their electricity bill via energy credits (NRG tokens) produced by their co-ownership of off-site renewable energy (Sectors). This feature is available to all users, regardless of their utility provider, via a 3rd party billing system created by XiWATT.
The WATT Marketplace is a secure space for buying and selling existing portions of installed renewable energy assets (i.e. Sector tokens). By tokenizing energy assets, individuals can reap the benefits of co-owning renewable energy assets while also having the ability to liquidate at will.
In addition to Sector and NRG tokens, the XiWATT platform will incorporate a third token called the XIW (pronounced “zai”), which will be minted during the token generation event. The XIW token is instrumental to the platform’s operation as it will establish a barter economy between customers and renewable energy project developers. To use the platform and bid on new projects, renewable energy developers will require an amount of XIW tokens commensurate with the size of project they want to handle. Customers can take advantage of this requirement by using XIW tokens as bargaining chips and offering them in exchange for price discounts and other beneficial terms when negotiating with developers. The outcome is a thriving ecosystem that stimulates competition between businesses and drives prices of renewable energy assets down for customers.
How to participate
The token pre-sale will begin on March 24, 2018.
To get white-listed, please visit their website at https://xiwatt.io and fill out a KYC form.
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