Energy Web Token

Transaction Facilitation: EWT is primarily used for transaction payments, particularly for gas consumption on the Energy Web Chain. It facilitates secure and transparent peer-to-peer energy trading, grid management, and the settlement of energy-related contracts.

Access to Energy Web Applications: Holding EWT grants users access to various decentralized applications and services built on the Energy Web Chain, including energy marketplaces, grid management tools, and renewable energy certificate tracking systems.

Staking and Governance: The first staking mechanism for EWT was launched in December 2021, introducing decentralized identifiers (DID) and verifiable credentials (VC) for enhanced user authentication. These mechanisms aim to fortify the cybersecurity of Energy Web's decentralized solutions while encouraging long-term staking. Special staking pools and 'Snapshot VCs,' which are types of verifiable credentials, offer additional rewards and governance capabilities to those who stake consistently.

Special Staking Pools and Awards

Silver VC: Issued to users who joined the consortia pool later but staked consistently. Gold VC: Issued to users who have staked consistently from the beginning of the consortia pool.

Upcoming Staking Pools

Silver Pool: Open only to Silver VC holders, running for 1 week and distributing additional rewards. Gold Pool: Accessible only to Gold VC holders, also running for 1 week but with higher APY to reflect more consistent staking. Green Pool: Open to everyone subject to email verification, with a daily reward set at 0.0168% (equivalent to an APY of 6.32%).