The Future Is Energy Web Token (Low Cap Sleeper Coin for Carbon Credits)

Posted 5 mins ago | by Catoshi Nakamoto

There is a new economy emerging, one that is made not from a product or a service but from buying and selling green energy credits. It’s the future of taxation and you could start paying carbon taxes sooner that you realize. The forces behind this new economy are keenly aware that blockchain is the best technology to use for it. Not many people are aware that this is even happening but the team at Energy Web know, and they are the sleeper project that is perfectly placed in the burgeoning carbon credit industry.

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Let’s get it

Welcome to BitBoy Crypto. Home of the Bitsquad, the largest crypto community in all the interwebs. My name is Ben. Every day on this channel I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. In this video we pull back the curtain on one of the biggest players in the cryptoverse that you’ve never heard of.

So first off, what are Carbon Credits and how are they exchanged? According to Wikipedia, Carbon Credits are “a generic term for any tradable certificate or permit representing the right to emit one tonne of carbon dioxide or the equivalent amount of a different greenhouse gas”. They are in a sense, a type of fiat money. One that is made possible through regulation. BARF. The IPCC came up with the concept of Carbon Credits as a way to put a dollar amount of a unit of carbon dioxide. This would help quantify carbon outputs across industries. The technical term for a “carbon credit” is Certified Emission Reduction or CERs and one CER is equal to one metric ton of CO2. At the moment there are five exchanges for trading CERs: The European Climate Exchange, NASDAQ OMX Commodities Europe (terrible name), PowerNext (much better name), Commodity Exchange Bratislava and the European Energy Exchange. All of this came together during the Kyoto Protocols in 1997 and have since been enacted by dozens of countries around the world. Oddly enough, Canada is the only country that was a signatory but then pulled out of the agreement.

Using blockchain to tokenize carbon credits had been discussed since the launch of Ethereum and tech entrepreneurs started tinkering with smart contracts to do just that. It wasn’t long after that power companies and other carbon exchanges started to put money into various blockchain projects. Venture capital firms were soon to follow and in 2016 The Rocky Mountain Institute, a green energy think tank put it’s funding into blockchain developer Grid Singularity to start what would become Energy Web. Grid Singularity sounds like the name of an evil corporation from Metal Gear Solid…and you wouldn’t be far off. It is headed up by dozens of PhDs from around the world and has strong ties to the Web3 Foundation. One of the original Ethereum creators and founders Web3, Gavin Wood is part of the leadership too. And what do you know. They are part of the World Economic Forum. The “I own nothing and life has never been better” people. But don’t let multinational government agencies get you down. Energy Web is still blockchain, open source and far more decentralized than the current system carbon credit systems. It’s important to know that EWT started out as a project on Ethereum before moving to it’s own chain called Energy Web Chain. If you want to be on the best chain of all, smash that like and subscribe button. That puts you in the Bitsquad, the largest crypto community on the interwebs and gets you the latest in crypto news.So let’s look at the tokenomics of EWT. The token first became available in March of 2020 and saw a steady climb from .50 to $12 in August 2020. It’s marketcap is still ridiculously low, barely breaking 340 million at the time of this recording. For the remainder of this bull run I can see EWT jumping into the top 30 for a gain of 12x. But a $150 Energy Web Token is only the tip of the iceberg. The future of Energy Web is going to be parabolic.

Energy Web is in a word, very connected. RMI the main investor behind Energy Web has partnerships with a whole host of world governments and major corporations, Paul Bodnar is part of RMI and has strong ties to the Obama and current Biden administration. He also recently took a job at Blackrock to lead up their “sustainable investing”. RMI is also tighly connected to the electric vehicle sector by way of Britta Gross a former director of commercial vehicles at General Motors and has sat on the board of several green transportation counsels such as Plug In America and the North American Council for Freight Efficiency. So Energy Web has a good connection to electric vehicles but we’re only just getting started.

A quick look at the parterships listed on Energy Webs website shows they have partnerships with Volkswagen, Shell and General Electric. But Also notice large power companies are already part of the EW ecosystem. Duke Power and California’s Pacific Gas & Electric Company are partners. PG&E already has a Flex Alert system built on top of Energy Web to let customers in California know when and how they can conserve power in order for the power grid to avoid a brownout. Over on the east coast the AES Corporation, a validator for Energy Web Token, just signed a deal with Google to make the datacenters being built in Virginia be 100% carbon free. Are you starting to see how connected Energy Web is? Let’s take a look at Shayna Vayser, a Sustainable Development Policy Advisor for the United Nations who is also a community manager at Energy Web. See…here she is on the united Nations global ambassador program for clean energy. She’s based in Washington DC and had a hand in the AES deal with Google. Finally lets take a peek at this partnership that is truly going to set Energy Web up for the future. Our old friend Warren Buffet has been against bitcoin since it came out and has been a reliable source of FUD an misinformation about Bitcoin for years. So Warren doesn’t like new money, that makes sense because he’s built his fortune in the old system. But while Buffet is bearish on Bitcoin…he’s bullish on Blockchain. In fact a company called NV Energy is a electric utility company that provides power to Las Vegas and other parts of Nevada. NV Energy is a wholly owned subsidiary of Buffets Berkshire Hathaway. But the interesting thing about NV Energy is that it signed a deal with Energy Web last year to track carbon credits for the solar power grid in Nevada. All the solar power data that is created out of the program is being recorded to the Energy Web Chain and will be tokenized to be sold as a CER on various marketplaces.

This is a lot of information but it’s important to get a complete picture of what the future of blockchain technology will look like in the years to come. Tokens like Energy Web, Cartesi, Quant will integrate with oracles like Chainlink and search indexes like The Graph. These are all coming together in the next few years and will bring a new level of visibility into these industries, as well as more security. The tokens are great long term holds because they have long term fundamentals. The future of our planet is going to be green and if you stay in the know…your portfolio will be green too.

That’s all I got. Be Blessed. Bitboy out.

Source: https://thebittimes.com/the-future-is-energy-web-token-low-cap-sleeper-coin-for-carbon-credits-tbt2308.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Cryptocurrency News

Post by: TheBitTimes.com