Energy Web Token (EWT)
Rank #955
Market snapshot
- Price
- $0.297374
- Market cap
- $8.9M
- 24h volume
- $285,505.93
- Circulating supply
- 30,062,138
- Total supply
- 81,481,124.2705
- Max supply
- 100,000,000
What is Energy Web Token?
Energy Web Token (EWT) serves as a utility token within the Energy Web ecosystem, which focuses on accelerating the transition to a decentralized, decarbonized energy system. EWT is used to facilitate transactions and interactions among participants in the energy sector.
How Energy Web Token works
Energy Web Token operates on a network where Virtual Consensus Check (VCC) operators perform independent and parallel computational checks. This process produces consensus-based results that are verifiable and anchored on the blockchain. When a consensus settles a claim, the associated fees are distributed on-chain to the operators, the author of the methodology, and any required auditors. Each operator executes the same business logic against identical encrypted inputs, ensuring consistency across the network.
Key information
- Symbol
- EWT
- CMC rank
- #955
- Network / platforms
Ethereum
- Categories
- N/A
- Date added
- Mar 28, 2020
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0xB66a5D30D04f076E78ffB0d045C55846Fdcde928
Key characteristics
Energy Web Token is open source and regulator-ready, enabling broad participation in its ecosystem. The programs built on the Energy Web protocol are not tied to any single registry, allowing for decentralized operations. It is cataloged under the Ethereum network and has a stored contract address on Ethereum, further integrating it within the broader Ethereum ecosystem.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Energy Web Token (EWT)?
- Energy Web Token (EWT) is a digital asset designed for the energy sector, facilitating transactions and interactions within the Energy Web ecosystem.
- How does Energy Web Token work?
- Energy Web Token operates through a network of VCC operators who perform computational checks, producing consensus-based results that are anchored on the blockchain.
- What are the technical characteristics of Energy Web Token?
- Energy Web Token is open source and regulator-ready, with programs built on the protocol that are not tied to any single registry.
- What are the risks associated with transferring Energy Web Token?
- Users should verify the contract address and network before transferring assets, as digital asset prices can be volatile and transfers may be irreversible.
- Where can I find official resources for Energy Web Token?
- Official resources for Energy Web Token can be found on the Energy Web website and their GitHub repository.
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