Increasingly, socio-environmental responsibility becomes a determining factor for investors around the world.
In recent months, the high volatility of the crypto market has been demonstrated; after having a value greater than 3 trillion dollars, to reach 0.9 trillion dollars. In addition, currencies such as Bitcoin or Ethereum, dependent on market supply and demand, are the most affected in the world.
This is why, since 2020, stable tokens began to become very famous, whose purpose is to maintain the digital advantage of crypto and the transactional security offered by Blockchain technologies. Unlike speculative cryptocurrencies, these do not depend on market volatility, as they are backed by the value of a currency such as the dollar or the euro, and even by assets such as gold or real estate.
Unergy’s ‘uWatt’
Unergy, a Colombian startup that developed a crowdfunding platform to invest in solar energy projects, decided to create its own token: the ‘uWatt’. Such token will represent real Watts of projects installed in different Latin American countries, which will generate annual returns of more than 11%, from the production and sale of clean energy.
Eduardo Andrés Ospina, co-founder and CEO of Unergy explains that “the world today needs a crypto project that bases its value on real assets that generate real value for the world, such as profitability and sustainability, since today more than 2.4 trillion dollars in clean energy investments to avoid a climate disaster in the coming years.”
How the Project Works
Ospina explains that it is necessary to understand that a solar panel, a wind turbine, or any power generation project, has a variable that determines the generation capacity energy: the “Watt”. Therefore, the number of “Watts” present in a project determines the size and energy production.
“In this way, we defined that the best thing was to tokenize them, so we developed an algorithm and protocol that allows our users follow up on your investment, through our crypto token, since it is totally linked to the real asset”, added Ospina.
This means that if there is a 100,000 Watt project that costs $100,000, 100,000 uWatts will be generated and in turn each token it will cost 1 dollar. Value that is not depreciated by supply and demand, since the token is backed by a real asset.
In the end, the ‘uWatts’ are the representation of what generates the clean energy that companies consume and that they pay month to month, thus generating the profitability that any user receives for the possession of such tokens.
Ospina believes that what they have created with many years of work, innovation, and experience in the renewable energy sector is a decentralized finance protocol (DeFi), which allows anyone in the world to help finance solar energy projects in emerging markets, which are the ones that most require this type of capital.
“This is important because it allows breaking the traditional schemes where few companies in the world are the owners of the energy that we consume, in this case, millions of people in the world would be the owners of the uWatts that represent those clean energy assets that we are going to consume in the future”, highlights the CEO of Unergy.
It should be noted that Unergy has already exceeded 10,000 million pesos in financing solar energy projects and this will be a boost gigantic for a purpose of managing in the future to finance the more than 2.4 trillion dollars that the world needs to avoid climate mayhem. Whether or not that goal is achieved is something that remains to be seen.
By Audy Castaneda
