Led by Thomas Puskas, the Founder and CEO of EcoWatt, EcoWatt is a Blockchain Enterprise Solution and the first of its kind serving to reduce the global carbon impact by adopting green energy alternatives for its functions. It is powered by physical green power assets that determine the value of the EcoWatt token. Currently one EWT = one Watt. The business model of the company creates three sustainable recurring revenue systems which will be used to increase the value of the token to more and more Watts and thereby increasing its utility.
Issues That EcoWatt Addresses
Global electricity demand is growing day by day and along with the rising pollution, the unequal distribution of it is also a concerning issue. Crypto and blockchain technology have been a relief to many who lost their jobs or are receiving pay cuts because of the pandemic. One big limitation of blockchain is the big amount of energy it uses.
EcoWatt brings in a balance between its profit aims and social/environmental responsibilities. It makes crypto mining green by offsetting the carbon impact with renewable alternatives.
It produces and sells carbon credits and addresses issues in the supply chain by selling green electricity to national grids. EcoWatt realises its social responsibility by planting millions of trees for reforestation programmes. It supports sustainable farming projects in Sub-saharan Africa. In addition to this, it leverages its green asset portfolio to offer low-cost loans for a minimal margin to its Token staking community.
People Working With EcoWatt
EcoWatt is working with www.trees.org to plant one million trees and to help 500 families develop sustainable farming plots. The World Bank (IFC) has invited EcoWatt as one of their first ESG companies. The company is also a signatory of UN SDG’s sustainable development goals.
Paul Flynn, the co-founder of EcoWatt who was a UN SDG panel speaker is also a member of Top Tier Impact, an organisation that has activists and business persons contributing towards sustainability. The Regional Director for India in the R20 foundation is also an advisor to EcoWatt. The company is also working to become a formal member of the foundation.
Furthermore, EcoWatt is launching its Initial Exchange Offering on Bitforex.com in which it is listed as a Premium Token. The raise will happen in 2 rounds.
The company just completed its private sale through which it onboarded 40,000 members to the community.
Find more about EcoWatt here.
Join their growing community here.