Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector. The Energy Web Chain is operated and governed by over 25 Validator nodes from 15 countries, including utilities, grid operators, and startups. In addition to its native token, the EW Chain supports all ERC standards. The Energy Web Chain was launched in June 2019 by Energy Web Foundation - a global nonprofit unleashing blockchain's potential in the energy sector - and its global consortium of Members that includes upstream energy companies, utilities, grid operators, software developers, and technology, vendors. For more information, visit energyweb.org. The Energy Web Token price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
The Energy Web Chain project relies on a shared infrastructure, an incentive scheme, and a traceable log of information to secure rewards for users offering assets. Here are some of the core features that make the Energy Web Token unique.
It is built by applying features common to many cryptocurrencies, such as a shared infrastructure, an incentive scheme, and a traceable log of information. In fact, the EW Chain derived its own blockchain code off of Ethereum’s one in an effort to focus on functionalities affecting the energy sector rather than recreating an entire infrastructure.
Due to the Energy Web Chain relying heavily on real-world data, it’s worth noting that the platform integrates middleware technology into its architecture such as oracles, which deliver real-world data to EW applications, bridges, allowing EWT coins to be used on other blockchains, and a digital identity system, for users to have persistent identification across Energy Web applications.
Proof of Authority
To keep its network in sync, Energy Web uses a variation of the Proof of Work consensus mechanism, called Proof of Authority (PoA), to keep EW Chain’s distributed network in sync. While not structurally different from PoW, the PoA mechanism only allows for a certain number of nodes to validate transactions and create blocks, called validator nodes, who must meet certain eligibility criteria, such as being a legally registered organization and being an official member of the Energy Web Foundation. To incentivize validators to perform honestly, they are compensated with Energy Web Tokens (EWT) upon their block being included in the Energy Web Chain.
Energy Web Token price today (October 13, 2021) is $10.12 with a 24-hour trading volume of $2,060,494. EWT price is down -1.1% in the last 24 hours. It has a circulating supply of 40 Million EWT coins and a total supply of 65 Million. EWT's ROI with 38% in a year underperformed in the 'Energy, Polkadot Ecosystem' categories which had 220% growth over the past year. It's underperformed in the crypto market which had 13494% growth over the past year. You can track EWT Return On Investment (ROI) on our website for Free.
A capable marketing team and brand awareness have a direct impact on the success of any project. Energy Web Token Network's marketing team is doing a great job! According to our data, EWT's Twitter account saw an increase of 31% in the number of followers over the months from May 17 until October 13 of 2021. Moreover, Its Reddit channel users went up by 29% and Its Telegram channel users went up by 8% over the same period. You can follow EWT's popularity using our report, which is accessible in our website's popularity.
Our data indicate that EWT's ranking among the markets' cryptocurrencies in terms of market capitalization decreased over the last months, from 150 to 177. Also, its price saw a similar trend, rising from $14.06 to $10.31 today at the time of writing. However, its liquidity score is 31% under the market's average score, which means that it would be difficult to sell the EWT if the market is falling. You can find our report about EWT's market capitalization, price, and liquidity score on our webpage.
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