XiWatt ICO Review: Energy For Everyone

What is XiWatt?

xiwatt icoGreen energy is the future, and XiWatt is fully embracing it. XiWatt is a platform that will allow green energy startups to get the funding and popularity that they need to be successful. It allows an easy outlet for green companies to crowdfund their operations and then reward their investors with a unique form of cryptocurrency. Users on the network can then use this cryptocurrency to buy and sell energy from existing electric grids.

Aspects

  • Complete Freedom: By allowing green energy startups to buy and sell renewable energy on the blockchain, they have more options than going through the traditional power companies.
  • Green Energy: Carbon emissions are higher than ever, and by encouraging green companies to crowdfund their operations, XiWatt is promoting a better environment.
  • Advanced Review: The energy experts at XiWatt must approve all projects before they are listed. This will prevent scams or poorly planned sectors from developing.

What Issue Does it Solve?

Consumers don’t have many options as to where they can get their power from these days. Right now, they only have two major options; the local electric company or solar panels. Even if they use solar panels, they still have to sell the electricity back to the electric company who owns the grid.

XiWatt wants to provide a decentralized network for people to buy and sell their green energy through an existing grid. They also want to promote the creation of green energy sectors through by offering a platform for them to receive crowdfunding. Overall XiWatt wants to slowly transform the way that the world views power.

If people see a monetary incentive to create and fun green energy, then more and more people will adopt it. This will reduce greenhouse gas emissions and make the planet a better place to live in.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • Funding a Green Economy: XiWatt will provide a new way for green energy providers to receive the funding that they need to get good market traction.
  • Power To The People: XiWatt gives consumers a choice of who they want to buy their power from. They aren’t limited to using just one local power company anymore.
  • Advanced Review Process: All new sectors must go through an advanced review process which will filter out bad ideas, and only allow the profitable, well-planned sectors to pass through for crowdfunding.

Negatives
  • Challenges With Local Companies: Local power companies will no doubt see this as a competition to their current monopoly. This may make it hard for XiWatt to fully integrate themselves into existing power grids.

XiWatt
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Summary

If XiWatt is able to build connections and relationships with local and global power companies and gain access to their electric grids, then their platform could be incredibly successful. Green energy is the future, and by providing a way for users to buy and sell their energy and a platform for new startups, XiWatt could change the world as we know it. Competition is high in this niche and we believe PowerLedger and WePower have beaten them in the race already.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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