Basic Rating

3.5
  • WePower

  • WePower is launching blockchain and smart contracts powered green energy trading platform where everyone can buy, trade or invest in tokenised green energy.
  • 3.5

Rating Insights

WePower allows for green energy producers to raise capital by creating a blockchain-based energy trading platform. Energy producers will generate their own tokens and 0.9% of these energy tokens will be automatically allocated to WPR token holders. As a WPR token holder, priority access to auctions will be given in order to purchase energy tokens as an energy producer is implemented into the WePower platform. Users will be able to sell WPR tokens, which will accrue tokenized energy from energy producers on the trading network, or they can use the token in exchange for green energy. The valuation of WPR tokens grows as the WePower platform develops and attracts more energy producers.

Category Rating

Click any score to view its breakdown and category insights
3.8
Product

Product

The WePower platform is rapidly being developed. A demo version of the platform has been launched and partnerships with industry parties have been announced such as Elering and Bancor. Plans for launching a pilot project with Elering in order to tokenize all energy in Estonia and develop the Estonian energy infrastructure are set for April of 2018. WePower sets out to have their network operational in Spain in November of 2018.

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.
3.6
Use of Blockchain

Use of Blockchain

The trading platform aims to increase decentralization of energy production by allowing for smaller players in the energy production sector to acquire the necessary capital to build the infrastructure required to generate green energy. The WePower marketplace will increase competition between energy producers, thus reducing costs for energy consumers, but will also provide a lower entry barrier for green energy production.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.
3.2
Whitepaper

Whitepaper

WePower provides a comprehensive business plan for the platform. However, descriptions of the technological functionality of the platform can be improved and should contain more detail. The project aims to facilitate the disruption of the entire green energy production sector while providing fiscal and sustainability incentives for owning their own WPR tokens.

Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

2.0
N/A
2 - Missing critical information.
3.2
Roadmap

Roadmap

The WePower developmental roadmap lacks technological details. However, business related milestones are outlined, such as platform and infrastructure developments in Estonia and Spain. Functionality of the WePower platform is clearly outlined and the platform hopes to assist with the development of green energy technologies. The feasibility of this project is heavily weighted on the partnerships that can be acquired from green energy producers in its early stages, as well as the results of the pilot project in Estonia.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
3.2
Compliance

Compliance

WPR tokens are a real asset based token as well as an investment vehicle for the WePower marketplace. As more green energy producers join the WePower network, the WPR tokens accrue in value. The WPR tokens can either be sold for currency, or be used in exchange for energy.

Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.
4.4
Company and Team

Company and Team

Company size: 20-50 employees. Whitepaper lists the founder and employees of various sectors of the project including energy markets, AI, payments, software engineering, and operations. Updated LinkedIn profiles appear to be available (from a small sampling) and backgrounds of individuals are outlined and relevant to the project. The lead team members' backgrounds can all be closely checked online as well.

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

5.0
N/A
5 - Skilled and balanced, fully committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
3.4
Token Sale

Token Sale

Total WPR token supply will be announced closer to the token sale. Unsold tokens will be burned. The soft cap is $5MM USD. Minimum investment amount will be $200 USD. Exchange rate until the soft cap will be 1 ETH:4600 WPR, and 1 ETH:4000 WPR after the soft cap. Main token sale date will be in February 2018 and will last 14 days. 55% of the total WPR token supply will be for sale, while 45% of the tokens will be allocated to the WePower team, community, and for user growth.

Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Product

The WePower platform is rapidly being developed. A demo version of the platform has been launched and partnerships with industry parties have been announced such as Elering and Bancor. Plans for launching a pilot project with Elering in order to tokenize all energy in Estonia and develop the Estonian energy infrastructure are set for April of 2018. WePower sets out to have their network operational in Spain in November of 2018.

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

5.0
N/A
5 - General audience / mass market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

4.0
N/A
4 - Original, specialized.

Use of Blockchain

The trading platform aims to increase decentralization of energy production by allowing for smaller players in the energy production sector to acquire the necessary capital to build the infrastructure required to generate green energy. The WePower marketplace will increase competition between energy producers, thus reducing costs for energy consumers, but will also provide a lower entry barrier for green energy production.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

5.0
N/A
5 - Fundamentally disruptive.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

3.0
N/A
3 - Issuing a custom token is justifiable.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.

Whitepaper

WePower provides a comprehensive business plan for the platform. However, descriptions of the technological functionality of the platform can be improved and should contain more detail. The project aims to facilitate the disruption of the entire green energy production sector while providing fiscal and sustainability incentives for owning their own WPR tokens.

Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - Covers most key issues; a few holes.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

2.0
N/A
2 - Missing critical information.

Roadmap

The WePower developmental roadmap lacks technological details. However, business related milestones are outlined, such as platform and infrastructure developments in Estonia and Spain. Functionality of the WePower platform is clearly outlined and the platform hopes to assist with the development of green energy technologies. The feasibility of this project is heavily weighted on the partnerships that can be acquired from green energy producers in its early stages, as well as the results of the pilot project in Estonia.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

5.0
N/A
5 - Paving the way for the future.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Compliance

WPR tokens are a real asset based token as well as an investment vehicle for the WePower marketplace. As more green energy producers join the WePower network, the WPR tokens accrue in value. The WPR tokens can either be sold for currency, or be used in exchange for energy.

Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

4.0
N/A
4 - Distinctive use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

4.0
N/A
4 - Professional.

Company and Team

Company size: 20-50 employees. Whitepaper lists the founder and employees of various sectors of the project including energy markets, AI, payments, software engineering, and operations. Updated LinkedIn profiles appear to be available (from a small sampling) and backgrounds of individuals are outlined and relevant to the project. The lead team members' backgrounds can all be closely checked online as well.

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

5.0
N/A
5 - Skilled and balanced, fully committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Token Sale

Total WPR token supply will be announced closer to the token sale. Unsold tokens will be burned. The soft cap is $5MM USD. Minimum investment amount will be $200 USD. Exchange rate until the soft cap will be 1 ETH:4600 WPR, and 1 ETH:4000 WPR after the soft cap. Main token sale date will be in February 2018 and will last 14 days. 55% of the total WPR token supply will be for sale, while 45% of the tokens will be allocated to the WePower team, community, and for user growth.

Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

4.0
N/A
4 - Solid exposure and interest, good impression.

Most Read Reviews