docs_depin/docs/depin_specs/energy_networks/energy_web.md

title	description	sidebar_position
Energy Web	Detailed information about Energy Web	2

Energy Web

Overview

Energy Web is a decentralized, open-source platform designed to accelerate the energy transition by enabling a low-carbon, customer-centric electricity system. It leverages blockchain technology to create a secure, decentralized, and scalable digital infrastructure for the energy sector, promoting sustainability, efficiency, and accessibility. Energy Web is part of the broader DePIN (Decentralized Physical Infrastructure Network) movement, which aims to integrate blockchain technology with real-world infrastructure to create more resilient and transparent systems.

Key Features

• Currency: Energy Web Token (EWT) is the native token of the Energy Web platform.
• Buying Currency: EWT can be purchased on major cryptocurrency exchanges such as Binance, KuCoin, and Kraken.
• Utility:
  • Payments: EWT is used for transactions and payments within the Energy Web ecosystem, including the purchase of energy attribute certificates and other services.
  • Staking: Users can stake EWT to support the network, earn rewards, and participate in governance. Staking helps secure the network and ensures its decentralization.
  • Governance: EWT holders can vote on protocol upgrades and other ecosystem decisions, influencing the future direction of the Energy Web platform.
• Automation:
  • Smart contracts automate various processes, including the issuance and trading of energy attribute certificates, and the management of decentralized energy resources.
  • Dynamic pricing and automated matching of energy supply and demand enhance the efficiency of the energy market.
• API: Yes, Energy Web provides APIs that enable integration with various energy management systems, renewable energy projects, and other decentralized applications.
• User Perspective:
  • Energy Producers: Can register their renewable energy assets, issue energy attribute certificates, and participate in decentralized energy markets.
  • Energy Consumers: Can purchase renewable energy certificates, track their energy consumption, and participate in demand response programs.
  • Developers: Can build decentralized applications (dApps) on the Energy Web platform, leveraging its blockchain infrastructure and APIs.

How It Works

1. Resource Registration:
   • Energy producers and consumers register their assets (e.g., solar panels, wind turbines, electric vehicles) on the Energy Web blockchain, creating a decentralized ledger of identities.
2. Certificate Issuance:
   • Renewable energy certificates are issued and traded on the Energy Web platform, ensuring transparency and traceability of energy attributes.
3. Market Integration:
   • The platform integrates with existing energy markets, enabling the trading of energy attribute certificates and other services. Smart contracts automate the matching of supply and demand, ensuring efficient and transparent transactions.

Staking

• Staking Requirements:
  • Users can stake EWT to support the network and earn rewards. There is no minimum staking requirement, but larger stakes can increase the chances of being selected as a validator and earning more rewards.
  • Validators are responsible for maintaining the network's security and processing transactions. They are selected based on their staked EWT and other performance metrics.
• Rewards:
  • Block Rewards: Validators earn block rewards for processing transactions and securing the network. The rewards are distributed proportionally to the amount of EWT staked.
  • Slashing: Validators that act maliciously or fail to perform their duties may have a portion of their staked EWT slashed, ensuring network integrity and security.

Documentation

For detailed documentation, visit Energy Web Docs.

Additional Resources

• Official Website
• Community Link
• GitHub Repository

Ecosystem Components

Product	Functionality
Energy Web DOS	A decentralized operating system for the energy sector, enabling the creation and management of digital identities for energy assets and market participants.
Energy Web Registry	A decentralized registry for energy assets, allowing automatic registration and management of assets like solar panels, batteries, and electric vehicle charging stations.
Energy Web Exchange	A decentralized marketplace for trading energy attribute certificates and other energy-related services, ensuring transparency and traceability.

Tokenomics

• Total Supply: 81.23M
• Max Supply: 100M
• Distribution:
  • 30% allocated to the Energy Web Foundation for ecosystem development and grants.
  • 25% allocated to the public sale and initial coin offering (ICO).
  • 20% allocated to the team and advisors, with vesting schedules to ensure long-term commitment.
  • 25% allocated to the reserve fund for future development and partnerships.

FAQ

1. Is it usable by the average DePIN user? Yes, Energy Web is designed to be user-friendly, with a straightforward interface and comprehensive documentation. It caters to both technical and non-technical users, making it accessible for the average DePIN user.

2. Can I pay with tokens to use the DePIN product offered by the project? Yes, EWT is the primary currency for purchasing services and participating in the Energy Web ecosystem. Users can also pay with other cryptocurrencies or fiat currencies through integrated payment gateways.

3. Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)? While EWT is the native token, users can trade it on major exchanges like Binance and KuCoin. However, automatic token switching (e.g., ETH to EWT) is not natively supported on the platform but can be done through external exchanges.

4. If I would provide the service, what is my ROI, do we need to stake, etc.? Providers can earn passive income by staking EWT and participating in the network as validators. The ROI depends on the amount of EWT staked and market conditions. Staking is required to participate as a validator and earn rewards.

5. Why does the project exist, why do the people and the planet need it? Energy Web exists to accelerate the transition to a low-carbon, customer-centric electricity system. It promotes sustainability by enabling the integration of renewable energy sources and enhancing the efficiency and transparency of energy markets.

6. Is it geo-aware? Energy Web does not explicitly mention geo-fencing, but its decentralized nature allows users to deploy resources globally, ensuring flexibility and compliance with local regulations.

7. Is it cost-effective? Energy Web is highly cost-effective, offering energy attribute certificates and other services at competitive rates. The decentralized nature of the platform reduces intermediaries and enhances market efficiency.