$ 0.009 6.61%
Bittwatt (BWT) Rank 3936
| Mkt.Cap | $ 0.00000000 | Volume 24H | 0.00000000BWT |
| Market share | 0% | Total Supply | 338.6 MBWT |
| Proof type | N/A | Open | $ 0.0085 |
| Low | $ 0.0085 | High | $ 0.0091 |
Bittwatt BWT price
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An important and effective way to earn profit on Bittwatt Trading is bringing in commerciants. Referring a business to be listed on our platform that concludes with a positive result can lead to substantial rewards.
Restart Energy’s RED Platform, also originating from Romania, does the same thing. As already highlighted, national regulations are very diverse and based on centralised markets, and they seem to be an obstacle ahead of the developments of decentralised blockchain-based energy trading. Prosumers are emerging as important market players and the blockchain-based energy trading seems to be the best fit to incorporate them. Bittwatt has already started developing a new marketplace for electricity balancing and trading — which is blockchain enabled — that incentivises producers and opens up competition on a level playground, according to its White Paper. Bittwatt is a matchmaking platform that connects all market players (from DSOs to consumers) and provides a standardized blockchain protocol for sharing relevant business information, all the while creating a decentralized service for energy supply, billing and balancing.
To avoid problems with the law, all members of the platform have to pass KYC identification. All actions and transactions will be registered with the help of smart contracts, which prescribe individual conditions for the supply of energy.
Bittwatt reserves the right to cancel, rollback or block transactions of all type on its platform in event of abnormal transactions. Bittwatt will not ask for any password from its users nor ask users to transfer funds that are not listed on its trading platform. Users are encouraged to exercise prudence in dealing with discounts or promotions that could lead to them getting scammed.
In essence, the technology facilitates more flexible trading of electricity among producers and consumers that use a platform, including new options on both ends. It allows for P2P trade, is friendly to prosumers — actors who are both producers and consumers — and is particularly applicable for low-carbon resources. •Detailed review of energy applications and use cases such as P2P energy trading. While Bittwatt emphasises platform security to ensure the continuity and security of its services (announcements will be made in event of downtime/maintenance), it will be non-accountable to Act of God, malicious targeted hacking, terrorist attacks and other unforeseen circumstances.
If users chose to pay in fiat (the traditional method), the invoice value will be blocked in the BWT wallet until payment confirmation, so that the counter-party has the guaranteed payment. It is applicable to electric vehicle loading stations in order to enable energy-roaming. Bittwatt creates a matchmaking system based on blockchain that both decentralises and streamlines energy trading. It also creates a proper electrical power balancing system, and a fully transparent, 100% secure ledger of transactions and costs for all parties involved.
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We also provide rich advertisement campaings to advertise your bussiness on this website. Manufacturers will be interested in reducing the cost of services and transparency to interest customers. And the latter, in turn, see real prices for electricity inside the platform. The balanced trading platform Bittwattt is under development and will be fully ready by 2022.
As soon as you’ve registered on the platform and completed KYC, you are able to bring referrals. The referral bonus will be available once the referred user completes the first transaction on Bittwatt Trading. The 2 ways through which you can send referral requests are via e-mail or SMS. The main features of the platform incorporate Energy Exchange, multiple types of Trading, as well as the traditional characteristics of a trading platform.
Bittwatt does not attempt to set up franchise networks or local providers, as RED does, and nor does it dedicate itself exclusively to the production or sale of renewable energy or even to becoming the world’s leading supplier, Stoicescu explained. What it is trying to do is create a platform where all participants speak the same language — in other words where all can benefit from rapid, transparent and verifiable exchange of information. The Bittwatt co-funders, Stoicescu and Christian Hagmann, are experienced in both the IT and the energy sectors. In 2017, after more than 20 years in the energy sector, Hagmann started working as advisor on the ICO of Coss, a Singapore-based crypto-one-stop-solution platform, and also started developing Bittwatt. With an IT academic education, Daniela Stoicescu co-founded Bittwatt after having previously carried out several development projects for the national power distribution and transportation networks.
Taking this into consideration, our platform offers them the possibility to accept energy as a form of payment, through BWT, helping them thus pay for their own utilities. Indeed, any provider, producer or trader operating on the Bittwatt platform is primarily registered under a balancing platform in accordance with the regulations in force, the Bittwatt CEO explains.
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- As already highlighted, national regulations are very diverse and based on centralised markets, and they seem to be an obstacle ahead of the developments of decentralised blockchain-based energy trading.
- The website provides a list of cryptocurrency and bloclchain related events, valid and authentic list of cryptocurrency wallets and Bitcoin mining pools.
- Bittwatt provides blockchain software development for electricity billing, payments, promotion of energy securities, energy supply, and forecast services through the energy exchange.
- Get Bittwatt's progress by adding it to your favourites and creating a free portfolio if you wish.
- Payments can be made both in the traditional manner and in the BWT currency, as long as both contract parties agree.
You will not lose any of the tokens, they will just be untradable for you in this period of time and used as liquidity for the transactions that take place in that specific pool. Rewards are generated for any type of transaction within the pool, such as energy trading, crypto trading, exchange, payment or virtual POS. Bittwatt Trading is the first trading platform in the world that uses blockchain technology and allows energy trading. The BWT as implemented by the platform has payment, escrow and protocol functionalities. Payments can be made both in the traditional manner and in the BWT currency, as long as both contract parties agree.
The main function of BWT is payment of electricity bills in any part of the world. The project provides the possibility of creating new digital assets based on BWT. Bittwatt project plans to create an international decentralized blockchain-based platform to bring together as many power producers and end consumers as possible.
Bittwatt has come up with a somewhat simpler business model, perhaps a wise decision given the already high complexity generated by the blockchain technology used. The business plan envisages a turnover of $690mn (notably its model does not include franchises) and a 22% profit margin.
Deposited funds coresponding to the virtual kWh will not be used as funds to invest or lend to other persons or entities, will not provide interest and are not covered by the Financial Services Compensation scheme (valid for European regulations). By accessing and using Bittwatt and any of its services, you acknowledge and declare that you are not on any trade or economic sanctions lists, such as the United Nations Security Council Sanctions List and its equivalent. Bittwatt maintains the right to select its markets and jurisdictions to operate and may restrict or deny its services to certain countries. The content of this Agreement shall not be excluded from the laws of the country under which the user belongs. Bittwatt maintains its stance that prohibited users are not to use or access Bittwatt and any of its services.
This is a real shame for the genuine projects with real promise and practical and useful real world application. Bittwatt is a matchmaking platform that connects all market players (from DSOs to consumers) and provides a standardized blockchain protocol for sharing relevant business information. BWT is an Ethereum-based token developed by the Bittwatt and acts as a medium of exchange within the platform.
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At the root of the system are the smart contracts (otherwise called self-executing contracts). Thanks to the blockchain technology, which in essence registers those contracts (instantiated in the form of computer code) in a way that they cannot be backward changed, these contracts are automatically consolidated, allowing optimisation of the production function. More specifically, Restart Energy plans to expand its energy retail business (including by franchising) to more than 45 countries with deregulated markets and generate $3.78bn in revenues through 2023 by delivering 189TWh of electricity (including through its franchisees).
For this purpose, a platform with simple, transparent and clear terms of use will be created, which is beneficial to both customers and companies. Bittwatt plans global expansion, opening offices in major cities, including London, Bucharest, Singapore and many others.
