How to buy Energy Web Token (EWT) in the UK
A beginner's guide to buying and selling EWT in the UK.
How to buy Energy Web Token
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Energy Web Token.
- Open an account on an exchange that supports EWT.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Energy Web Token.
- Buy Energy Web Token.
Complete your Energy Web Token purchase and then find the best wallet to store EWT.
What is Energy Web Token?
Energy Web Token (EWT) is the native token developed by the Energy Web Foundation, a non-profit group that aims to use blockchain to achieve a low-carbon electricity system. It runs the Energy Web Chain, a public blockchain platform to help the energy industry meet regulatory, operational and market needs. The Energy Web Chain has partnerships with utility operators, grid operators, renewable energy companies, corporate energy buyers and others around the world. Its partners include AGL and Shell. Launched in mid-2019, the token has two main purposes. First, it is designed to protect the network against misbehaviour. Second, it is used to compensate validators by paying them transaction fees and block validation rewards. At the moment, only energy companies that meet Energy Web Foundation’s standards can become validators on the network.
Energy Web Token (EWT) is the 196th largest cryptocurrency in the world by market cap, valued at $406,608,786. The current price of Energy Web Token is $10.07, which is -3.191% lower than yesterday. Prices have ranged between $10.48 and $10.06 over the past 24 hours. All prices are listed in US dollars and accurate as of October 26, 2021 06:10 UTC.
Where to buy Energy Web Token
Find an exchange to buy, sell and trade EWT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy Energy Web Token?
The technical analysis gauge for Energy Web Token displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Energy Web Token based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Energy Web Token: moving averages, oscillators and pivots. Finder is not responsible for how EWT performs.
Energy Web Token at a glance
|Total EWT supply||65,148,882|
|All time high||US$22.67|
|All time high date||April 17, 2021|
|Notable team members||Walter Kok|
|Partnerships||Volkswagen, DENA, Sonnen Group, Petroleum Authority of Thailand|
|Token uses||Utility token|
|Network||Energy Web Chain|
Energy Web Token price performance over time
How to sell Energy Web Token
You can cash out your EWT with the same exchange you bought it through:
- Sign in to the exchange you have EWT on.
If you store your Energy Web Token in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of EWT you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Energy Web Token.
What to consider when buying Energy Web TokenHere are some of the things to keep in mind when deciding whether to buy EWT.
- Supply. As of April 2021, EWT has a circulating supply of approximately 30 million that are available and can readily enter the token economy. The maximum supply of EWT is scheduled to increase to 100 million over 10 years.
- Decarbonization. One of the challenges of blockchain technology is the carbon emissions associated with the energy it consumes. It is estimated that the top five energy-consuming blockchains use more electricity per year than the state of New York. According to Energy Web's Medium, it is trying to move towards a zero-carbon operation for all blockchains by decarbonizing the XRP Ledger.
- Staking. According to Cointelegraph in February 2021, it was announced staking would soon become available for token holders. Staked EWT earns an annual return of up to 20% if high-quality services are delivered.
- Competition. There are private blockchains that work with energy operators that compete with the Energy Web Chain. However, in a recent Ask Me Anything by Crypto Buying Tips, the COO said reasons to favor a public blockchain over a private blockchain might include data privacy, customer consent, decentralization and decarbonization.
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Disclaimer: Cryptocurrencies, including Energy Web Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of EWT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Energy Web Token or any other cryptocurrency discussed.
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