In a stunning announcement, KWHCoin reveals an unprecedented development in which a large Energy company agrees to assign a $1.3 Billion hard asset to the KWHCoin energy blockchain and decentralized application (The Grid), giving the KWHCoin token a true tangible asset backing for the platform!
KWHCoin’s Chairman and CEO, Girard Newkirk makes this startling announcement today, stating that, “to our knowledge, this is the first time a Crypto Currency encompasses a story of Adoption, Utility, and a Hard Asset to boot! This event is epic for us, our future ambitions, and for the whole Crypto Community.”
Enercor Inc, with over $5 Billion in various energy assets, has agreed to assign a specific number of Leases in an undeveloped Oil Formation. These Leases, with a third-party Present Value appraisal of $1.3 Billion, will become de-facto assets of KWHCoin and assigned to its blockchain community, in exchange for a pre-determined amount of KWHCoin’s to Enercor for integration into the ecosystem.
Enercor has further interests in green technologies, alternative technologies and humanitarian interests. If they choose to develop these assets further, they’d be committed to the most revolutionary technologies projects for all things green. Additionally, they’ve agreed to allow KWHCoin to collect and track any energy-related data for this, and potentially other projects.
“It is ironic,” says Girard, “that an old-world energy asset is ultimately advancing new-world energy technologies, and all of our distributed energy ambitions. This is a game-changer for us, and sets a precedent for how energy and currency will work in the future, bridging us into Civilization 2.0.”
“With the assignment of this $1.3 billion asset, KWHCoin, with its new partners ADP Holdings and Athena Global Energy Solutions, bring real value to our blockchain project and ecosystem. The value of our token is clear even before the aspects of adoption and utility are considered. Relative to the other projects in the blockchain space, the KWHCoin token now digitally represents unprecedented value for token holders and our community,” says Girard.
KWH Coin now clearly establishes itself as the most advanced Energy-based token in the world.
KWH Coin Background:
KWHCoin is currently traded on TOPBTC, Coinexmarket and Bitfex.trade.
KWHCoin is the native token for a decentralized application where prosumers, consumers and other distributed energy resources can connect and configure their energy resources. The KWHCoin is a digital currency backed by a kilowatt hour of electricity that aggregates the energy usage data of distributed energy resources. Any upstream value generated will automatically pair to a digital wallet and payment is valued and dispersed in KWHCoins.
KWHCoin has renewable energy nodes (distributed energy resources with energy data usage on the KWHCoin blockchain) on all 6 continents and to over 40 countries. To date, KWHCoin has over 9,000 KWH of energy data integrated into the blockchain, with an energy data footprint with global access points, across its primary target areas of Africa, the Caribbean and South America. KWHCoin has a virtual asset portfolio balance of 60% residential, 35% commercial and 5% industrial renewable energy partners on the blockchain generating energy for the ecosystem.