In countries like India, women are interested to wear more gold jewelry. They don't wear jewelry only for the sake of beauty or to show their wealth. They see gold as a valuable asset. How? Let's assume that a fictional person named Rick is in need of money urgently to pay the medical bills for a family member who was hospitalized because of emergency. Rick is not able to collect money from his colleagues, friends or relatives. But, his spouse comes to his rescue by giving some of her gold jewelry to him. Then he gets the needed money by exchanging the jewelry with a pawnbroker. Once the financial position is stabilized, he can retrieve the jewelry from the pawnbroker. In this scenario, gold is used as a valuable asset.
Can gold be used as an investment option? Yes, of course. The most popular methods of gold investment are given below.
- Gold Exchange Traded Funds (ETFs)
- Gold Coins / Bars
- Gold Mutual Funds
When gold can be considered as a good investment option, why not energy? As the supply of traditional energy is limited, more countries are moving towards renewable energy resources to meet the growing demands. Currently, there is no option for the consumers to make their contribution towards the green environment. Like gold, why can’t we think of energy as a form of investment? Yes. It is possible to invest in renewable energy by using WePower. What is WePower? It is a trading platform based on the popular blockchain technology. The main motto of WePower is to make energy accessible and tradable to everyone. How will it achieve that goal? The platform allows the energy producers to sell their energy directly to the buyers/consumers by using the concept of tokenization. Each producer will issue their own energy tokens to the buyers to raise the funds needed for the development of their projects based on renewable energy.
What is the use of these energy tokens? Check out the points below:
- If a buyer has bought the token from a producer in his/her home market, then he/she can use the energy for their own purpose once the energy is produced.
- Buyers can sell the energy tokens to other members of the platform by keeping a marginal profit percentage for them. In this case, they can sell the tokens before the production of actual energy.
- Once the energy production has started, the buyers can sell the tokens at competitive rates in the wholesale energy markets.
In all the above-mentioned cases, the buyer will get some kind of profit besides the contribution to the green environment. Sounds interesting? Please visit the official whitepaper of WePower https://drive.google.com/file/d/0B_OW_EddXO5RWWFVQjJGZXpQT3c/view to know more information about the other interesting features of this platform.
If someone (energy producer/consumer) is interested in using the WePower technology, then they need to hold WPR tokens as it is the only way to get access to the platform. These tokens will be available for sale during the token sale event of the company. Check out https://wepower.network/ to gather more information about the pricing, availability and the sale procedure of WPR tokens.