QoWatt

Purpose and Utility

QoWatt (QWT) is a cryptocurrency designed to facilitate and incentivize the adoption of renewable energy solutions, particularly focusing on electric vehicle (EV) charging infrastructure. The token aims to serve as a utility token within their ecosystem for payments at charging stations and rewards for sustainable energy practices.

Business Model

The project's business model revolves around creating a decentralized network of EV charging stations where QWT tokens can be used for payments and rewards. The model appears to align with Islamic principles as it involves real asset exchange and promotes environmental sustainability without involving prohibited activities.

Real-World Adoption

Current adoption appears to be in early stages, with limited deployment of charging stations. The project has announced partnerships with several charging station manufacturers, though specific implementation details are not widely available.

Development Activity

The development team maintains regular updates to their platform, with verifiable GitHub activity. The project's technical documentation and roadmap indicate ongoing development of their charging station integration protocol.

Token Distribution

Based on available data, the token distribution shows: 30% allocated to ecosystem development, 25% for public sale, 20% for team and advisors (with 2-year vesting), 15% for marketing and partnerships, and 10% for reserve fund. The vesting schedule for team tokens suggests commitment to long-term development.