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What is Energy Web Token

What is Energy Web Token (EWT)?

Energy Web Token basic info

Name:Energy Web Token

Ticker:

EWTBuy now

Introduction:

What Is Energy Web Token?

Energy Web Token (EWT) plays a crucial role in the Energy Web Foundation's mission to foster a zero-carbon economy. Established by the Rocky Mountain Institute and Grid Singularity in 2017, the Energy Web Foundation aims to revolutionize the energy sector by integrating blockchain">blockchain technology into energy grids. EWT is at the heart of this transformation, serving as the native utility token of the Energy Web Chain, a part of the Energy Web Decentralized Operating System (EW-DOS).

The Energy Web Chain enables the execution of smart contracts, hosting decentralized identifiers, and providing verification for events and data. EWT is integral to accessing and utilizing the applications and smart contracts on the Energy Web Chain, which are designed to facilitate the production of a low-carbon electricity system.

Resources

Whitepaper: https://www.energyweb.org/wp-content/uploads/2019/12/EnergyWeb-EWDOS-VisionPurpose-vFinal-20191211.pdf

Official Website: https://www.energyweb.org/

How Does Energy Web Token Work?

The Energy Web Token operates within the EW-DOS, a three-layer architecture comprising applications, middleware services, and the trust layer. The trust layer, where the Energy Web Chain resides, forms the backbone of the system, ensuring secure and efficient transaction processing. Validator nodes, operated by reputable energy market participants, govern the chain using a Proof-of-Authority consensus mechanism, balancing decentralization with performance.

EWT's functionality extends beyond mere transaction facilitation. It is used to compensate validators for processing transactions and to pay for decentralized services on the utility layer of the Energy Web Chain. These services are crucial for integrating clean energy assets, marketplaces, and customers, thereby enhancing the energy grid's efficiency and sustainability.

Moreover, EWT enables the tokenization of energy assets, allowing for streamlined management of energy resources like wind turbines and power inverters. It also facilitates a data exchange framework, connecting energy providers, product producers, and end-users in a renewable energy network. This tokenization is pivotal for companies to demonstrate their commitment to renewable energy, creating 'green proofs' on the Energy Web Chain.

What Is EWT Token?

EWT is the native token of the Energy Web ecosystem. It has a maximum supply of 100 million tokens, emphasizing the project's focus on environmental sustainability over income generation. EWT's roles are multifaceted: it is used for transaction fee payments, rewarding validators, and staking, with a potential annual yield on certain platforms.

What Determines Energy Web Token's Price?

The price of Energy Web Token (EWT), like any cryptocurrency, is influenced by a complex interplay of factors, deeply rooted in the dynamics of blockchain technology and the evolving landscape of the energy sector. At the core, market demand and supply play a pivotal role. As a utility token of the Energy Web Chain, EWT's value is closely tied to the adoption and usage of the Energy Web Decentralized Operating System (EW-DOS). The more widespread the adoption of EW-DOS in managing renewable energy assets and executing smart contracts for energy-related transactions, the greater the demand for EWT. This increased demand, against a capped supply of 100 million tokens, can lead to a rise in EWT's price.

Furthermore, the broader cryptocurrency market trends and investor sentiment also impact EWT's price. Like other digital assets, EWT is subject to the volatile nature of the crypto market, where news, regulatory changes, and technological breakthroughs can cause rapid price fluctuations. As blockchain technology continues to evolve and integrate with the energy sector, EWT's price will likely reflect the success and challenges of this pioneering intersection. Understanding these factors is crucial for anyone looking to invest in EWT, as they navigate the promising yet complex world of blockchain and renewable energy.

Current price:

$1.42More price details

All-time high:$22.22

All-time low:$0.5008

EWT supply and tokenomics

Circulating supply:30,062,138 EWT

Total supply:80,733,650.46 EWT

Max supply:100,000,000 EWT

Market cap:$42.82M

Fully diluted market cap:$142.42M

Links

Website:https://www.energyweb.org/

Whitepaper:https://www.energyweb.org/wp-content/uploads/2019/12/EnergyWeb-EWDOS-VisionPurpose-vFinal-20191211.pdf

X:https://twitter.com/energywebx

GitHub:https://github.com/energywebfoundation/ewc-system-contracts

Buy Energy Web Token for $1Buy EWT now

What is the development prospect and future value of EWT?

The market value of EWT currently stands at $42.82M, and its market ranking is #691. The value of EWT is not widely recognized by the market. When the bull market comes, the market value of EWT may have great growth potential.

As a new type of currency with innovative technology and unique use cases, EWT has broad market potential and significant room for development. The distinctiveness and appeal of EWT may attract the interest of specific groups, thereby driving up its market value.

What will the price of EWT be in 2025?

Based on EWT's historical price performance prediction model, the price of EWT is projected to reach $2.47 in 2025.

What will the price of EWT be in 2030?

In 2030, the EWT price is expected to change by -2.00%. By the end of 2030, the EWT price is projected to reach $5.26, with a cumulative ROI of +266.38%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of EWT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

EWT price EWT price prediction EWT news

Is EWT worth investing or holding? How to buy EWT from a crypto exchange?

If you want to buy EWT, the following information may be helpful for your investment decisions:

In the last 7 days, the price of EWT has fallen by -21.77%, leading to negative returns for most EWT investors. The market is currently pessimistic about the price trend of EWT.

It is important to note that the current price of EWT has retreated by -93.59% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether EWT is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in EWT or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of EWT, if you want to buy or sell EWT, you can consider Bitget for your trading needs. The best place to buy EWT is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Energy Web Token has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Energy Web Token. Here's a step-by-step guide on how to buy Energy Web Token on Bitget.

Buy EWT now Coin buying guide

How to get Energy Web Token through other methods？

Using cash to buy Energy Web Token is not the only way to obtain Energy Web Token. If you have the time to spare, you can get Energy Web Token for free.

Learn how to earn Energy Web Token for free through the Learn2Earn promotion.

Earn free Energy Web Token by inviting friends to join Bitget's Assist2Earn promotion.

Receive free Energy Web Token airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to Energy Web Token through Bitget Convert, Bitget Swap, or spot trading.

What is Energy Web Token used for and how to use Energy Web Token?

The use case of Energy Web Token may expand as the crypto market and the project itself develop. Currently, you can use EWT to achieve the following goals:

Arbitrage by trading EWT: Since EWT is a frequently traded cryptocurrency, the price of EWT is always fluctuating. Earn more EWT by buying low and selling high on the exchange. Bitget spot market provides a variety of EWT trading pairs to fully meet your needs.

Earn by staking EWT: You can also generate income through financial management methods such as staking EWT or lending EWT. Bitget Earn offers a variety of financial products designed to help you earn more income from your EWT.

Send or pay EWT: If you want to give EWT to your friends, a charity, or a fundraiser, or you want to pay someone with EWT, you can quickly and easily send EWT to the recipient through their payment address.

You can also go to the official website of the Energy Web Token project to learn more about the use cases of EWT. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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