Cryptocurrencies

From Bitcoin (BTC) to the Internet of Energy

New episode today of Adopt a Crypto Project! A chapter that is particularly close to my heart, as it places itself at the convergence of major subjects, albeit a little contradictory at first glance.

Today it will indeed be a question of energy transition, of the quest for more responsible energy that is distributed in a more efficient and transparent manner, in a world that needs it more than ever. However, it could be that this ambition, as noble as it is complex to implement, could soon be realized in part thanks to the intelligent use of blockchain technologies and what should henceforth be qualified as the tokenization of the world.

This decisive bet for the future of the planet, but even more for that of those who will walk after us, the French company WPO, European leader in the field of renewable energies, has decided to take it up. And if the crypto industry regularly hears about the emerging concept of “Internet of value”, WPO the company with 2000 wind turbines under management proposes for its part to be a pioneer on a new continent: the Internet of Energy .

And because who says crypto project necessarily means new digital asset, the opportunity will be perfect to discuss the GreenToken whose public sale (ICO) started a few days ago, crowned with the first AMF VISA granted to a company in the energy sector. .

Warning : This new chapter of Adopt a Crypto project is offered to you in partnership with WPO. Crypto investments are risky by nature and subject to large fluctuations. This article does not constitute an investment invitation. Please read the AMF warning at the bottom of this article.

Green Token ICO

The Bitcoin tree that hides the windmill forest

The equation is somewhat counter-intuitive: for many, the blockchain remains associated with a cumbersome common ancestor: Bitcoin (BTC). However, in the common psyche, Bitcoin carries in its shadow various evils, including the recurring accusation of participating in global energy madness. The cliché is that thousands of frenzied speculators endlessly fuel an insane energy waste, under the guise of producing more and more bitcoins, in a mad energy race. A race especially lost in advance even as the common house burns down.

In addition to the fact that like most misconceptions, this cliché is rather very far from reality, it is often necessary to reason according to a cost / benefit scheme. However, while it is undeniable that by its very nature, the solidity and resilience of the Bitcoin blockchain are guaranteed precisely by the amount of energy (and computing power) deployed for the benefit of network security, Bitcoin does not isn’t the energy-thirsty monster one likes to describe in uninformed circles.

Thus, a very significant amount of the energy that runs Bitcoin mining machines comes from renewable sources (74% to be precise). In addition, for industrial reasons specific to the conditions of its operation, Bitcoin mining farms are mainly located near energy sources of hydroelectric origin. Thus, Bitcoin not only drinks from often energetically virtuous sources, but also benefits from energy that would otherwise have been wasted. In addition, the proximity between mining farms and dams drastically limits transport and network constraints.

It will not be denied however, the consumption of Bitcoin is equivalent to that of a small country and would even create Satoshi Nakamoto the 53rd consumer in the world if we were to consider Bitcoin as a nation. However, we will moderate this shock figure by emphasizing that by using the same reading grid, food waste would for its part embody the 3rd world power, just behind China and the United States.

But it is above all in their cost / utility ratio that these figures must be weighed. Indeed, with its new economic paradigm, the unprecedented forms of governance that it allows and its potential for massive disruption, Bitcoin deserves our energy. And since Bitcoin is most often remembered for its economic nature and its ability to “compete” with banks, a November 2019 study by the NGO Oxfam on the topic of the banking carbon footprint is eloquent:

“In 2018, greenhouse gas emissions from the financing and investment activities of the four main French banks – BNP Paribas, Crédit Agricole, Société Générale and BPCE – in the fossil fuel sector reached more than 2 billion tonnes of CO2 equivalent, i.e. 4.5 times France’s emissions that same year. Each of the top three French banks alone has a carbon footprint greater than that of France. ”

Oxfam Report

This major subject is generally absent from public debate. In other words, if Bitcoin is readily criticized for embodying ecological nonsense, despite the promises of efficiency, transparency, distribution made by the blockchain technologies that support it, the global banking sector in all its imperfection, its heaviness, well wedged in an industrial and ecological model of another time, nevertheless seems to enjoy a very different treatment.

Blockchain, energy, efficiency.… after this little reminder of the issues, comes the perfect transition to discuss our proposed crypto project for today’s adoption: WPO!

WPO, the perfect energy mix between a responsible SME and an efficient multinational

In 2020, WPO is one of the European leaders in renewable energies. And since we are drawing parallels with Bitcoin, what would become WPO France was born in 2008, almost at the same time as the queen of digital currencies. If the acronym originally means “Wind Prospect Operations ”, marking the importance given to wind energy, the company, which has 80 employees, has since expanded its activity to solar sector.

If WPO in its operation has all the agility and cutting-edge expertise of an SME, its organic growth makes you dizzy: 2,000 supervised wind turbines, 12 million photovoltaic modules, 5,200 Megawatts and a presence in 12 European countries and in overseas.

WPO is also 7 billion euros in energy assets under mandate and 900 million euros in renewable energy sales per year.

WPO and the blockchain

Now that you have grasped the scale of the business and envisioned its growth potential, you won’t be surprised to learn that WPO has a strong culture of innovation and that the team is constantly on the lookout for new disruptive solutions that are more reliable, more transparent and generate savings, as well as added value. And very logically, it is towards the blockchain that WPO notably turned.

Thus, from 2018 the CEO of WPO Barthelemy Rouer decides to take this technological turn resolutely, discerning all the relevance of blockchain architectures with regard to the certification of energy production, the issuance of certificates (GoCerts), but also data management.

Barthelemy Rouer (left) and Duncan Levi, the 2 co-founders of WPO

“Our blockchain will attest to the uniqueness, authenticity and history of ownership of GoCerts. It will then make it possible to market associated certified goods and services ”

Barthelemy Rouer

The ICO of GreenToken

Along with the internal use of blockchain architecture, it did not take long for WPO to decide to forge and offer for public sale its own token, the GreenToken (GTK). At this point you get it, WPO doesn’t have much of the sympathetic but totally disorganized start-up that sometimes embodies the crypto ecosystem, still in its teens. Indeed, the energy company is a major player in its sector and as such, WPO works in the most perfect respect of the rules in a context where the search for conformity is a natural standard.

For this reason, WPO requested – and got the May 12, 2020 – an AMF visa (Autorité des Marchés Financiers) allowing it to organize an ICO, whose public phase began on September 5.

This ICO was preceded by a private sale which allowed 663,000 GreenToken tokens for an amount of 561,000 euros. In addition, contractual commitments with major energy players have already made it possible to secure 3 million euros until 2030, as part of GTK’s recurring purchases. Finally, even before the start of the ICO, 280,000 euros of tokens had already been pre-reserved.

The GreenToken will be a deeply utilitarian token. That is to say that in addition to embodying a digital crypto-asset that it will be possible to trade, its ownership will be accompanied by many features to which a dedicated article will return shortly. For now, here’s a digest of the takeaways from the WPO ICO:

  • The GreenToken (GTK) and an ERC-20 token that will evolve on the blockchain Ethereum
  • Its total supply is 15 million GTK, of which 11 million are offered for sale
  • The public sale will last from September 5 to November 12, 2020
  • It is possible to participate in the ICO with Euro, Bitcoin or Ethereum (ETH)
  • The price of the GTK token is 0.95 cts (1 euros, with 5% reduction during the ICO)
  • The soft cap of the operation is 1.5 million euros, the hard cap of 10 million
  • At the end of the ICO, the GTK will be listed on the French exchange Savitar

3 reasons to adopt WPO

  • Because the WPO project has surrounded itself with the cream of the Frenchy crypto, blockchain and fintech ecosystem.

It is said that what characterizes the quality of a project lies in particular in the talents of the partners with whom it knows how to surround itself. Difficult with WPO and GreenToken ICO to find a better illustration of the concept. It’s very simple, the renewable leader has surrounded himself with everything that the French-speaking ecosystem does best: Equisafe, LemonWay, Coinhouse (formerly Maison du Bitcoin)…

  • Because WPO perfectly embodies a stage that the ecosystem has been waiting for a long time: that of the arrival of major players from sectors completely independent of the blockchain environment, able to offer a new respectability to the entire crypto industry. .
  • Because what WPO offers is not the generation of a simple speculative asset, or the copy of an umpteenth useless token, but that of a functional token, the linchpin of an entire industrial architecture, the all in full regulatory compliance

Do you want to adopt the WPO crypto project? The sale of Green Tokens (secured by Equisafe) is currently open and can be accessed here.

Warning from the AMF

Investing in a public offering of tokens as defined in Article L. 552-3 of the Monetary and Financial Code involves risks of partial or total loss of the investment. No guarantee is given as to the liquidity of the tokens acquired during the offering, the existence of a secondary market for these tokens, the value of the tokens acquired during the offering and the equivalent value of these currency tokens.

The tokens are not financial instruments within the meaning of Article L. 211-1 of the Monetary and Financial Code and do not confer any rights other than those described in the Information Document.

In addition, the regulatory framework applicable to the offering and tokens as well as the tax regime applicable to the holding of tokens are not yet defined in some jurisdictions. The visa issued by the AMF relates only to the offer that is the subject of this Information Document. Following the closing of the offer, the AMF will not carry out any monitoring of the issuer and its Project. Any communication subsequent to the offer and relating to it will not be reviewed by the AMF. The subscriber is invited to consult Part 4 “Risk factors” of this Information Document.

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