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What is EWT

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1. What is EWT?

Introduction to EWT Cryptocurrency

The Energy Web Token (EWT) is the official cryptocurrency of the Energy Web ecosystem. As a blockchain-based energy platform, Energy Web aims to facilitate the digital transformation of renewable energy and the power grid. The primary objective of EWT is to promote the decentralization and digitalization of the energy sector, achieving transparency and efficiency in energy trading, management, and monitoring through blockchain technology.

  • Technical Foundation: EWT is based on a public blockchain using Ethereum technology and supports the development of decentralized applications through smart contracts running on the Ethereum Virtual Machine. This architecture allows EWT to effectively integrate clean energy assets, users, and markets.
  • Application Scenarios: EWT is primarily used in areas such as energy trading, energy management, and monitoring, aimed at promoting the development of renewable energy and the digital transformation of the power grid.
  • Ecological System: EWT is a core component of the Energy Web ecosystem, implementing decentralization and digitalization in the energy sector through blockchain technology.

2. Who founded EWT?

The founders of Energy Web Token (EWT) are the Energy Web Foundation (EWF) along with a team of professionals. EWF is the governing body of the project, responsible for overseeing and promoting the development of the EWT token.

3. Which venture capital firms invested in EWT?

According to public information, here are some venture capital firms that have invested in Energy Web Token (EWT):

  1. Rockaway Blockchain Fund: This fund focuses on blockchain and cryptocurrency investments, and EWT is part of its portfolio.
  2. Outlier Ventures: This company is a venture capital firm focused on blockchain and cryptocurrency, with EWT as one of its investment projects.
  3. SET Ventures: This firm specializes in sustainable energy and clean technology investments, with EWT as part of its portfolio.
  4. Systemiq: This firm focuses on sustainable development and clean technology investments, and EWT is one of its investment projects.

Please note that this information may not be exhaustive or timely, and investment situations may change. It is advisable to visit the official websites of these companies or contact them for the latest information.

4. How does EWT work?

EWT (Energy Web Token) is a cryptocurrency that is part of the Energy Web Chain project. Here is a brief overview of how the EWT cryptocurrency works:

  1. Energy Web Chain Project: The Energy Web Chain is a decentralized open-source blockchain network aimed at supporting DApp developers in the energy sector. The platform achieves this by creating digital infrastructure.

  2. Role of EWT: EWT is the native token of the Energy Web Chain, used for transactions and payments on the network. It is a key component of the ecosystem, incentivizing a network of validators to maintain the security and stability of the network.

  3. Trading and Purchasing: EWT can be traded on multiple cryptocurrency exchanges, including KuCoin, Gate.io, and Kraken. Investors can buy and sell EWT through these exchanges.

  4. Usage Scenarios: EWT is primarily used for trading and payments on the Energy Web Chain network. It can also be used to participate in the governance and decision-making processes of the network.

In summary, the EWT cryptocurrency is a core component of the Energy Web Chain project, used for transactions and payments on the network and listed for trading on multiple exchanges.

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