When we wrote about WePower back in December 2017 on Bitrazzi.com, it was a promising startup looking to fund and facilitate the trading of green energy internationally, over a blockchain-based platform. Their ICO ended on February 1st, so we thought we’d drop back in on them and see how they are progressing.
Successful ICO, What Next?
The good news for WePower is that they have reached their hard cap of $40 million without any real difficulty, their public sale ending on February 1st. Now, they can really start their journey down the roadmap to success, and a wider-reaching supply of green energy.
As you can see from the picture above, the next stage for WePower is a national test of the tokenization system in Estonia, due for April this year. The platform will also be launched at this time, allowing for trading to begin within Estonia. The test will last for 8 months and, assuming it is successful, will result in expansion at the beginning of 2019, with Spain mentioned as a goal for the end of 2018.
They are a government-supported project though, and are looking to tap into a market worth an estimated $1.25 trillion. And if their predictions for green energy contributions are anything to go by, there is the very real opportunity for substantial growth. Certainly, nobody is doubting the worthiness of the cause, especially when considering that energy consumption through mining and blockchain processes has received so much negative press of late.
All in all, the future looks bright for WePower. Now, the hard work really begins. The tokens that were sold are now locked up for two weeks, after which point trading is allowed, and it will be easier to get a real sense of how much early traffic WePower is really receiving.