EtainPower Project Closes Successful Token Pre-sale

November 13 10:10 2018

One of 24 pilot projects to be established by EtainPower

Blockchain-based renewable energy project EtainPower launched its token presale on November 1, 2018 and closed in just three days after hitting the allocated 2500 ETH. 

Bringing together a team of blockchain technology experts and energy sector veterans, EtainPower establishes a decentralized peer-to-peer trading platform for renewable energy. While renewable energy enjoys widespread support from individuals and governments alike, it has proved difficult to obtain financing from traditional sources to raise capital for new projects. EtainPower allows investors worldwide to participate in funding wind, hydro or solar energy projects and share in the profits they earn.

The platform token, EPR is based on the Ethereum platform and is ERC20 compliant, ensuring compatibility with third party services. Token-holders can pay for their own energy needs and services like electrical vehicle charging, or trade them on the exchange.

The EtainPower project also leverages decentralized AI resources to manage load on the power grids, creating a smart grid system that ensures efficient use of energy generated. This mitigates surges and other fluctuations that are common in hydro, solar or wind power, to maximize the return on energy produced. 

The project had previously held a private sale over the summer and will announce the dates of its main sale later this month.

Media Contact
Company Name: EtainPower
Contact Person: Colleen Northcutt
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City: San Jose
State: CA
Country: United States