Energy Web Token
Crypto Overview
Purpose and Utility
Energy Web Token (EWT) is the native token of the Energy Web Chain, a blockchain platform specifically designed for the energy sector. Its primary purpose is to facilitate decentralized operations in energy markets, enabling grid operators, utilities, and renewable energy producers to manage energy assets and transactions more efficiently.
Business Model
The Energy Web Chain operates as a public, proof-of-authority blockchain focused on energy sector applications. EWT serves multiple functions: it's used to pay for transaction fees on the network, stake for running validator nodes, and participate in network governance. The business model is centered around providing infrastructure for energy sector operations, which aligns with halal principles as it deals with real-world utility and tangible assets.
Real-World Adoption
Energy Web has established partnerships with major energy companies and utilities worldwide, including German utility EnBW, Austrian Power Grid, and PTT Thailand. The platform is actively used for renewable energy certification, grid flexibility services, and electric vehicle charging infrastructure.
Development Activity
The project maintains active development, with regular updates to its core infrastructure and continuous expansion of its enterprise-grade solutions. The Energy Web Decentralized Operating System (EW-DOS) provides tools for building energy sector applications.
Token Distribution
EWT has a transparent token distribution model, with allocations for development (25%), contributors (15%), and community initiatives (60%). Vesting schedules are in place for team allocations to ensure long-term commitment.
Revenue Model Analysis
The platform's revenue model is based on legitimate business activities within the energy sector, focusing on infrastructure services and network operations rather than speculative financial products or interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in Energy Web Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Energy Web Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.