Energy Web Token

Halal Rating :
Comfortable
Last Price $0.94 Last updated:
Rank 730
1D Change -0.19 %
Market Cap $28.14m
Circulating supply 30,062,138
Maximum supply 100,000,000

Crypto Overview

Categories
  • Energy
  • Enterprise Solutions
  • Identity
  • Substrate
  • Polkadot Ecosystem

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.

Rating Justification

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