The Energy Web Token (EWT) is a cryptocurrency belonging to the Energy Web Foundation (EWF). The Energy Web Foundation is an organization dedicated to building open-source operating systems for energy grids that can help in powering a zero-carbon economy. A zero-carbon economy represents an economic structure where the energy-producing sources release low greenhouse gases. As per its whitepaper, the mission of the foundation is to accelerate the process of decarbonization for the global economy. To achieve this structure, the currency develops digital operating systems for the energy grid of more than 100 market participants, thereby helping develop efficient, simple, and secure clean energy assets that can support the future grids.

Further, the Energy Web Foundation website states that to expedite this energy transition process for decarbonization, EWF focuses on leveraging blockchain and other digital technology. This process has allowed the organization to develop the Energy Web Decentralized Operating System (EW-DOS), open-source software that includes its Energy Web Chain. The energy web chain of EW-DOS functions on proof-of-authority blockchain and executes smart contracts, hosts decentralized identifiers, and provides proofs for verification of events and data. To use and access this Energy Web Chain’s applications and smart contracts to produce a low-carbon electricity system, users will need an Energy Web Token (EWT).

The Energy Web Token (EWT) is the native utility token of the Energy Web Chain and functions on the blockchain of EW-DOS. The digital coin is used for paying the gas fee of EW-DOS and has only two primary functions on the Energy Web Chain:

Further, to use Energy Web Tokens, users have to acquire the token from different exchanges available on the website of the Energy Web Foundation, or they can be bridged from ERC20 token to Energy Web Chain.

The Energy Web Foundation was founded by Rocky Mountain Institute and Grid Singularity in 2017. The Energy Web Chain of the organization, whose native utility token is EWT, was launched in June 2019.

We update our Energy Web Token to GBP currency in real-time. Get the live price of Energy Web Token on Coinbase.

The current market cap of Energy Web Token is £14.687M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Energy Web Token is £16.60. This all-time high is highest price paid for Energy Web Token since it was launched.

Over the last 24 hours, the trading volume of Energy Web Token is £256.46K.

Assets that have a similar market cap to Energy Web Token include Comtech Gold, Radix, Nasdaq tokenized ETF (xStock), and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Energy Web Token is 30 million.