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EWT
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Energy Web Token
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The price Energy Web Token today is 10.09 USD, and the trading volume in 24 hours - 5,220,874 USD. The crypto asset has grown by -6.98% over the day. Currently, the coin’s market capitalization is 303,216,825 USD, and has 30,062,138 coins in circulation with the max supply of 106,543,270 coins EWT.

What is an Energy Web Token (EWT)?

Like most public blockchains, the EW Chain has its own first-level utility token, the Energy Web Token (EWT). The native tokens inherent in the platform protocol serve two main purposes: 

a) security;

b) compensation to the validator (via the transaction fee or reward for the test block). 

What is unique about Energy Web Token?

EWF is a Swiss non-profit organization that believes that the use of blockchain technologies in the energy sector will make a significant contribution to improving efficiency and help reduce costs. In June 2019, EWF launched its blockchain called "EW Chain". 

EW Chain is an enterprise-level blockchain that is the underlying digital infrastructure on which energy-related dApps are created and run. EWF claims in its whitepaper that their blockchain consumes 2-3 orders of magnitude less energy than Ethereum.

The Energy Web blockchain works directly with energy market participants to create and deploy commercial solutions for specific markets based on EW-DOS. They also support, collect and advise market participants on how to create value for businesses and customers through blockchain and other digital technologies.

Energy Web contributes to the creation of a sustainable ecosystem based on EW-DOS. They have built the world's largest energy blockchain ecosystem, made up of companies, and now support a community of practitioners, both energy industry experts and software developers. Energy Web promotes community development through training and education on decentralized technologies, and bringing together industry colleagues who face similar challenges, and jointly developing decentralized solutions. 

How many EWT coins are in circulation?

The total offer is 100,000,000 EWT. According to their whitepaper, EWF plans to linearly issue 10 million EWT tokens over the next 10 years as a reward for block verification. In addition, 37.9 million EWT tokens will help in the development of new technologies for the EWF ecosystem. EWF plans to use the remaining tokens to support EWF operations and as incentives for affiliates.

In total, there are currently more than 30 million EWT in circulation for the EW Chain operation, and another 10 million will be released over ten years as a reward for checking the block.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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