Introduction

Global electricity markets have few technology platforms that provide liquidity and hedging options for participants or end users. Efforts to combine electricity with blockchain have focused on large generating and consuming companies meeting the innovation expectations of their investors around the world by developing centralized technology platforms without really allowing users to coexist in energy transactions in a decentralized way^[1] .

To participate in the North American or European electricity markets requires authorizations issued by the corresponding regulators, high working capital and guarantees. This limits the participation of potential companies and users as it is directly related to their financial capabilities. Given that the markets calculate the total possible credit exposure; as for example in the market^[2] of the Electric Reliability Council of Texas (ERCOT), based on the operations performed and considering a period of time during which the markets charge and pay the purchase and sale of energy according to the positions made by each participant and this varies according to the market that can be from 7 to 45 days.

Within North America there are 10 electricity markets that allow the participation of companies in different modalities of buying and selling electricity, within them there are 7 in the United States^[3] ; Electric Reliability Council of Texas (ERCOT), California Independent SystemOperator (CAISO), Mid continent Independent System Operator (MISO), PJM Interconnection (PJM), Southwest Power Pool (SPP), New England Independent System Operator (NEISO), New York Independent System Operator (NYISO), 2 in Canada; Alberta Electric System Operator (AESO) & Independent Electricity System Operator (IESO) and 1 in Mexico operated by CENACE.

In Europe, there are 22 countries that allow private investment and that use a variable market price to charge or pay electricity prices, only a handful of OTC markets allow users to execute trades, only through a market participant or a broker.

^[1] Information obtained from the website: PDF Link

‍^[2]Information obtained from the website: PDF Link.

^[3] Information obtained from the website: Website Link

Problem

The electricity markets require a minimum capital to start operations, in Mexico, for example, the company requires a constituent capital between 1 million pesos and 50million pesos, depending on the modality, and CENACE requires at least 1 million pesos (40 to 50 thousand dollars) just to sign a market participant contract. Afterwards, a compliance process must be passed where financial, technical and operative capacities must be accredited to start the activities of buying and selling electric energy^[4].

Each market has its own restriction to activate a market participant, but to initiate operations there must be compliance on credit exposure, where each market has its own rules to determine the amount of financial guarantees and the type of instruments accepted. In the markets there are two ways to measure the exposure of market participants, one is the net amounts due from their commercial operations or known liabilities and the second is the estimated potential liability or credit exposure, which is calculated in different ways but in all cases, the sum of both should never exceed the collateral posted by market participants^[5].

In addition, there are international energy futures markets, where transactions can be made without knowing the counterparties through authorized operators who are the intermediaries, and they are the ones who approve the purchase and sale offers, who settle and who allow the entry of users, whether they are market participants or speculators.

Through its services, users can place forward risk positions and trade “calls” and “put”options on commodities such as gas, oil and electricity. Currently there are 5companies at international level covering different markets where it is possible to trade future positions and options where they use the prices published by market operators to settle (collect and pay) users in arrears. To enter marketing it is necessary to^[6].

Table 1. Energy Futures Markets

To start trading it is necessary to enter into a contract with the company, assume the monthly fixed costs for the use of its software to buy and sell risk positions, as well as to be authorized in each of the different markets. In addition, it is also required to deposit the financial guarantees through a certified banking institution and/or a clearing house that will also charge its monthly fixed costs to the participants to start trading. In other words, fixed and capital costs are an entry barrier for any user to the electricity market.

The configuration of the electricity markets and their nature, as well as the possible electricity purchase and sale transactions and their risk positions, imply high amounts of financial capital, which limits and restricts the entry of small users in a decentralized manner, since there is no innovative method that allows the entry of any user in a democratized manner.

Naturally, there is a financial barrier to entry for the general population and transactions are concentrated among very few participants with large amounts of capital.Electricity is an exclusive commodity that can only be bought and sold by market participants or large companies on energy futures trading platforms.

Solution

Democratization of Electricity through a "Decentralized Exchange" that enables the buying and selling of electricity between users through smart contracts using the Polygon Mainnet network running alongside the Ethereum blockchain, which allows easy & seamlessly trading, fast settlement, affordable working capital, reduced financial collateral and the cheapest "gas" tariff for transactions.

Blockchain transactions are validated and cleared immediately, then settled automatically and without a Central Authority. Polygon Mainnet is a "layer two" or"side chain" scaling solution that runs alongside the Ethereum blockchain, enabling fast transactions and low fees. MATIC is the network's native cryptocurrency (CoinBase, 2023).

In the financial world, electricity transactions are made only through FIAT transactions. By using "Watt2Trade Exchange", settlement will be done automatically without a Central Authority, directly with the counterparty in a peer-to-peer manner. Where both parties ensure with their maximum loss the liquidity in every transaction.

Easy access through the Watt2Trade non-custodial wallet that allows users to top up funds and withdraw money using web 3 services, with the goal of explaining as little as possible about blockchain to users.

Allow trading with amounts starting from one kilowatt, guaranteeing only the maximum loss that is determined by the maximum and minimum price, which will be defined by the liquidity of the platform through governance using the native token.

The platform's native token is "Wattoin'', defined as a utility token that will allow users to obtain a discount for each energy transaction they execute, in addition to it will grant voting rights in the operating offerings &decisions of the different electric markets.

The fusion of crypto trading and energy trading is what sparked the birth of Watt2Trade as an innovative venture aimed to democratize electricity trading making it accessible to everyone using a “Watt2Trade Exchange” built on the blockchain with smart contracts tailor for energy trading.

Our ecosystem is all about being open, efficient, and clear, bringing together a mix of elements that will transform the electricity market and democratize access to electricity trading. At its heart, you'll find the following core components each essential for the ecosystem’s operations.

Watt2Trade Ecosystem

Watt2Trade Wallets

These wallets provide a user-friendly, non-custodial gateway into the ecosystem, perfectly integrating with Watt2Trade Exchange. It supports a variety of crypto currencies and allow users to keep track of their energy trades, manage transactions, and stake. Designed for ease and security, they cater to both blockchain enthusiasts and newcomers.

Watt2Trade Exchange

A DecentralizedApplication for Electricity Trading, at the forefront of the ecosystem,Watt2Trade Exchange facilitates the trading of energy, quantified in virtual kWof energy. By leveraging the Polygon network to run smart contracts, it streamlines transactions to be faster and cheaper, bypassing traditional middlemen and making them accessible to everyone.

Wattoin Token ($WATTOIN)

Minted on thePolygon blockchain, $Wattoin underpins the ecosystem's economics. It's used in electricity markets, platform functionality, participating in governance, and promoting liquidity. Wattoin's deflationary nature, alongside its role in lowering transaction fees and providing voting rights, strengthens the ecosystem's appeal.

Watt2Trade Wallet

The Watt2TradeWallet ushers in a new era of financial empowerment, making it simpler for everyone to step into the decentralized markets. This wallet, designed as the key to “Watt2Trade Exchange”, is tailored for ease of use, especially for those new to the crypto and blockchain scene. Let’s unpack the sophisticated yet user-friendly features and the wallet's vital role within the Watt2Trade ecosystem, tying together previously detailed descriptions and core ideas.

Geared toward individuals eager to explore the electricity market, the Watt2Trade Wallet demystifies blockchain technology. By functioning as a non-custodial wallet, it ensures users keep full control over their assets without delving into the technical details of blockchain. This thoughtful design significantly lowers the entry barriers to decentralized markets, inviting a wider audience to participate.

Easy User Experience

The Wallet's UI is artfully crafted to hide blockchain's complexities behind a minimalist and intuitive design. It displays essential information like ETH, wBTC, USDT, USDC, and MATIC balances, Wattoins energy balance, futures positions, and a detailed transaction history. This layout is designed to be user-friendly, ensuring that anyone, regardless of their tech savviness, can navigate it with ease.

Seamless Integration with Watt2Trade Exchange

The Wallet's integration with the Watt2Trade Exchange is seamless, offering users a smooth transition between managing assets and trading. With Web3Auth facilitating secure logins and key management, the Wallet reinforces its foundational role in the trading ecosystem.

Ease of Financial Operations

The Wallet enables users to easily top up their crypto balances with fiat money and convert cryptocurrencies back to fiat, supported by third-party services. It also supports sending cryptocurrencies to other addresses, highlighting its role as a versatile digital finance tool.

The Watt2TradeWallet transcends its role as a mere transaction tool; it's a strategic element designed to enhance user experience and integrate smoothly with the DEX. It's about attracting and retaining a diverse user base by simplifying the crypto and blockchain landscape, thereby expanding the community and fostering an inclusive trading environment.

As the development of the Watt2Trade Wallet continues, we anticipate incorporating more robust security features, supporting a wider range of cryptocurrencies, and achieving even smoother integration with the DEX. These advancements are crucial for maintaining the platform's momentum, drawing in a larger audience, and cementing Watt2Trade's position as a frontrunner in the decentralized electricity trading market.

Watt2Trade Exchange

Watt2Trade Exchange is a Decentralized Application for Electricity Trading and it stands as a beacon of innovation in the realm of digital asset trading, focusing specifically on the energy markets. It allows multi wallet connections using “Wallet Connect”. Leveraging advanced smart contracts, the platform enables users to engage in strategic and speculative transactions related to energy prices. This chapter aims to blend the mechanics of Watt2Trade smart contracts with the platform's overarching goal of simplifying access to financials peculation in energy markets, providing a comprehensive overview of its functionality and strategic vision.

Facilitating Strategic Positions through Smart Contracts

At the heart ofWatt2Trade's Exchange are smart contracts designed to automate and secure the trading process, offering users the ability to take both strategic and non-strategic positions on energy prices. These contracts serve as the backbone for transactions, wherein no actual energy is exchanged but rather “synthetic”positions on energy prices. Users interact with these contracts by depositing funds based on specified parameters, including the settlement date. Upon the availability of the electricity price for the specified day, participants can then withdraw their funds, reflecting gains or losses based on their positions.

Simplifying The User Experience In a Complex Market

Recognizing the complexity of the electricity trading market—a confluence of energy sector knowledge and blockchain technology—Watt2Trade prioritizes a user-friendly interface. Watt2Trade Exchange is crafted to be both an educational and commercial platform, introducing users to the intricacies of energy trading in an intuitive and rewarding manner. This approach not only caters to seasoned traders but also welcomes new comers, facilitating a smooth transition into the world of decentralized finance (DeFi) without overwhelming them with the technicalities of blockchain technology.

Bridging Traditional And Decentralized Finance

While Watt2Trade Exchange is decentralized at its core, it strategically does not position decentralization as its primary selling point. Instead, it focuses on inclusivity, attracting both crypto-savvy users and those unfamiliar with cryptocurrency, by offering an experience reminiscent of traditional web applications. This inclusivity is further supported by the Watt2Trade Wallet, which acts as a seamless gateway for users to interact with Watt2Trade Exchange, emphasizing ease of use and accessibility.

Enhancing Trading with Wattoins

A unique aspect of Watt2Trade’s ecosystem is the introduction of "Wattoins". These tokens play a pivotal role within the Watt2Trade Exchange with utility, offering users the opportunity to reduce trading fees by staking Wattoins on the platform. This mechanism not only incentivizes platform loyalty but also enriches the trading experience with lower costs.

Watt2Trade Smart Contracts

Watt2Trade utilizes smart contracts to automate and secure electricity trading on its “Watt2Trade Exchange”. These contracts are designed to facilitate a wide array of transactions, including futures and options, ensuring transparency, efficiency, and fairness in settlements. This chapter delves into the sophisticated mechanics of Watt2Trade smart contracts, integrating critical details from the additional document to provide an exhaustive understanding of their functionality.

Smart contracts on Watt2Trade are pivotal in automating the execution of trades, governed by predefined rules and conditions. These contracts operate on the Polygon network, leveraging its scalability and efficiency to manage transactions and settlements in USDC for trades and MATIC for gas fees, with kilowatt-hour (KWh) as the unit of electricity measurement.

Transaction Mechanics

Placing Orders: Users can create new orders or match existing ones by specifying trade parameters. A connected and funded wallet is essential for executing real transactions.

Futures and Options: These are the two main types of contracts available for trading. Futures involve the exchange of cash flows based on a fixed price, while options grant the buyer the right to buy or sell electricity at a specified price on a future date.

Settlement Formulas

Futures: Settlements are made based on the difference between the agreed price and the market price published by the operator. The maximum loss requirements are determined by the cap (maximum) and floor (minimum) prices established by the Wattoin governance for each market.

Options: Call and put options require the seller to deliver the contract at the strike price upon exercise. The prime fee paid by the buyer to secure the transaction influences the maximum loss and working capital calculations.

Maximum Loss and Working Capital

Maximum Loss Calculation:This measures potential losses, factoring in cap or floor prices against bids or offers for futures, or strike price and prime for options, all multiplied by the KWh quantity.

Working Capital Requirement: For futures, this is derived from multiplying the bid or offer price by the KWh quantity. Options involve calculating the strike or prime price times the KWh quantity.

Settlement Process

Futures: Participants settle the difference between the working capital and the market price, ensuring fair compensation for both parties.

Options: Settlements consider whether the market price is higher or lower than the strike price, with formulas adjusting for call and put scenarios to determine the final payout or charge.

Special Considerations

On-Peak, Off-Peak, and 24/7 Pricing: Orders and market prices are differentiated based on the time of day, with specific hours designated as on-peak or off-peak, affecting the settlement calculations.

Smart Contract Glossary: A comprehensive glossary provides clarity on terms such as futures, options, cap price, floor price, and maximum loss, ensuring a thorough understanding of the smart contract mechanics.

Security And Transparency

Our main commitment is to transparency and security, each smart contract was subject to rigorous audit reports by Quill audits, ensuring the highest standards of reliability and trustworthiness in every transaction.

Watt2Trade's smart contracts are continuously evolving, with potential future enhancements focusing on increasing automation, reducing settlement times, and incorporating more complex trading strategies. The platform is committed to leveraging smart contract technology to enhance the transparency, efficiency, and security of decentralized electricity trading.

Wattoin

At the heart ofWatt2Trade's ambition to revolutionize the electricity market lies the $WATTOIN DeFi token, a digital asset designed on the Polygon blockchain to facilitate, govern, and incentivize the entire Watt2Trade ecosystem. Unlike traditional utility tokens, Wattoin is engineered to embody both the transactional and governance authority within Watt2Trade Exchange, symbolizing a strong utility that drives engagement and fosters a community-driven platform.

Wattoin is composed to address the multifaceted challenges of the energy sector, from reducing entry barriers to fostering sustainable practices. It embodies a vision where energy trading transcends traditional constraints, enabled by the security, scalability, and speed of blockchain technology.

The token's introduction marks the beginning of a new chapter in energy trading, where every kilowatt traded, every transaction made, and every decision voted on strengthens the bridge between renewable energy and blockchain technology. Through Wattoin, Watt2Trade not only presents a solution to current market inefficiencies but also pioneers a model for future energy ecosystems worldwide.

Token Utilities

At the core of Watt2Trade’s value proposition is the ability for users to stake Wattoin tokens to significantly reduce their transaction fees. This mechanism is meticulously engineered to encourage deeper platform engagement by offering direct financial benefits to active participants. By staking tokens, users can enjoy a more cost-efficient trading experience, a vital aspect considering the fluctuating nature of electricity prices and trading volumes. Each Wattoin is equivalent to one Kilowatts of electricity or 1000 Watts.

EnergyMarket Staking

The staking model serves a dual purpose; it not only rewards users with tangible savings but also secures the platform’s economic stability. Locking in tokens for staking purposes effectively reduces the circulating supply of Wattoin, mitigating volatility and fostering a more predictable trading environment. This strategy is designed to attract a wide range of users, from small-scale traders to large energy producers, by offering a scalable solution that adapts to their specific trading needs and contributes to a balanced, vibrant market.

Governance of Exchange Markets

Ownership of Wattoin tokens carries the significant privilege of governance participation.In line with the principles of decentralized finance, Watt2Trade vests decision-making power in the hands of its community, allowing token holders to influence crucial aspects of the platform’s development and policy directions. Votes can encompass a broad spectrum of topics, from technical upgrades and feature rollouts to adjustments in fee structures and the integration of new electricity markets.

This governance model ensures that Watt2Trade remains responsive to the needs and preferences of its user base, fostering a sense of ownership and community among participants. The democratic process is facilitated through a transparent, secure voting mechanism, ensuring integrity and fairness in the decision-making process. As the platform evolves, the scope of governance can expand, deepening the engagement and commitment of the Watt2Trade community.

Rewards For Liquidity Provision

Liquidity is the life blood of any decentralized exchange, and Watt2Trade incentivizes users to contribute to this critical ecosystem component through liquidity staking. By staking Wattoin tokens in liquidity pools, participants not only support the platform’s operational efficiency but also stand to gain from a share of transaction fees and potential token rewards. This model encourages users to become active stakeholders in the platform’s health and growth, aligning individual incentives with the broader objectives of the ecosystem.

The liquidity provision mechanism is designed to ensure that Watt2Trade maintains a robust and stable market, capable of accommodating a wide range of trades without significant price slippage. Furthermore, this approach fosters a collaborative environment where users are rewarded for contributing to the platform’s liquidity, ensuring a dynamic and resilient trading infrastructure.

Token Economy

Watt2Trade’s strategic design, has a single token deflationary tokenomics model, with diverse utilities that extend beyond mere transactions, and a governance framework that places the community at the heart of the platform's evolution. Wattoin is not merely a token; it is a catalyst for change, driving the Watt2Trade platform toward its goal of revolutionizing the electricity market for a sustainable future.

In a deflationary token economy, the token supply gradually diminishes over time. This scarcity dynamic inherently stimulates heightened demand for the token. As demand escalates, the token's value experiences an upward trajectory. Consequently, investing in Wattoin during its early stages presents a more compelling opportunity, given the potential for capital appreciation fueled by increasing demand and fixed/decreasing supply for increased price appreciation.

Incorporating a deflationary token economy aligns with the standard practices observed among DeFi and Web3 ventures, as evidenced by the benchmark analysis. This tokenomics approach, characterized by controlled reductions in token supply over time, has emerged as a cornerstone strategy within the Web3 ecosystem. Its wide spread adoption underscores the industry's recognition of the inherent value proposition offered by deflationary mechanisms in driving sustained token appreciation and fostering robust community engagement.

Allocations and distribution

A total of 333,333,333 Wattoins will be minted and available between the first initial offering and 7 years from now. Once issued and launched the token will be distributed among a set of allocations. The team and investors will receive tokens but the vast majority will be distributed to the Watt2Trade community. A share of the tokens allocated to the community will be used to reward staking in electricity markets. There will be a percentage assigned to the AirDrop launch strategy where native wallet usage and trading within the EDEX will be encouraged. The remaining percentage of the total token supply will be used for trading through decentralized platforms.

Private Sales

Tokens allocated for private sales rounds represent an avenue through which founders leverage their networks to facilitate fundraising efforts. These sales enable project founders to secure capital, which can be subsequently channeled towards advancing project development initiatives or establishing liquidity pools.

Watt2Trade allocates a reasonable amount of tokens for private sales as the operation needs funding for platform deployment and expanding into the new electricity market. The tokens sold in private sales are vested for four years, preventing investors from buying the token for speculation. This means these investors have to be in it for the long run and it aligns their priorities with those of the project. These investors can also form the start of Watt2Trade’s user base.

IEO

Watt2Trade'sInitial Exchange Offering (IEO) is a key fundraising strategy where we partner with centralized exchanges to facilitate the token sale. The exchange supports us with marketing and compliance, leveraging its user base to extend our reach.This component of our fundraising rounds, combined with private sales, represents about 15% of our total token distribution.

The IEO is set with a shorter vesting schedule of three months and an additional three-month cliff, designed to prevent token dumping and encourage a stable market introduction. This approach makes investing in Watt2Trade more accessible by lowering the entry barrier compared to the longer commitments required in private sales. This strategy reflects our goal of attracting a broad investor base while maintaining market stability.

Core Team

The allocation designated for the core team serves as a mechanism to incentivize and reward the dedicated individuals driving the project forward. Typically ranging from 10% to 30% of the token supply in Web3 projects, these tokens are subject to a vesting schedule designed to foster long-term commitment and alignment of incentives.

With a vesting period spanning seven years, preceded by a small cliff, team members gradually gain access to their allocated tokens over time, ensuring that their vested interests are closely tied to the project's long-term success. This structure not only incentivizes sustained dedication but also fosters a sense of accountability and alignment with the project's overarching goals.

Founders

The founder's allocation, to the designated team, serves as a crucial mechanism to compensate and incentivize the individuals who spearheaded the project's inception. This allocation acknowledges the vision, leadership, and hard work invested by the founders in laying the foundation for the project's establishment and progress.Together the allocations for the founders and the core team make up around 20%of the tokens which is fairly standard and good practice, based on an industry benchmark.

After a marginal cliff, tokens are released over seven years. This gradual release of tokens over time ensures sustained commitment and alignment of incentives between the founders and the project's enduring objectives.

Advisors

Advisors area llotted a portion of tokens, although typically smaller due to the variable acceptance of tokenized compensation among advisors. These tokens undergo as hort lock-up period, followed by a vesting period adding up to four years. While this structure fosters a degree of long-term commitment, it is less extensive compared to allocations for the core team and founders.

The vesting schedule serves to incentivize advisors to contribute to the project's growth and success over time, aligning their interests with the appreciation of the token's value. Although the allocation may be modest, the locked and vested tokens aim to reward and motivate advisors to actively support the project's objectives, thereby contributing to its sustained growth and value appreciation.

Community Rewards

The community rewards allocation encompasses various allocations aimed at incentivizing desired behaviors, such as staking. By distributing a significant portion of tokens to the community, the user base becomes more deeply engaged and invested in the platform, thereby fostering adoption and facilitating its effective operation.

Initially, ten percent of these tokens are released upon listing, ensuring an initial supply for community engagement. Subsequently, the remaining tokens are gradually released over 48 months, ensuring a steady and consistent supply of tokens available for community rewards. This structured release mechanism not only maintains a balanced token distribution but also sustains ongoing community involvement and incentivizes sustained participation in the platform's ecosystem. After the release of the initial tokens is done, the platform should be sustainable. This means community rewards can be given using the incoming tokens from, for example, transaction fees.

Treasury

The treasury serves as a versatile resource for the project, enabling it to address unforeseen expenses and pursue additional growth opportunities. Typically, projects allocate up to 20% of their tokens to the treasury, makingWatt2Trade’s allocation of around 10% very reasonable.

Initially, 10%of the treasury tokens are released immediately, providing the project with immediate liquidity to tackle early challenges or unexpected costs.Subsequently, the remaining tokens are released gradually over 36 months. This phased release strategy empowers the project to effectively manage emerging needs as they arise or to accumulate funds for strategic investments in future growth initiatives.

Liquidity and Market Making

Allocating a substantial portion of tokens for liquidity and market-making purposes provides several benefits for the project. Firstly, it enables the establishment of a deeper liquidity pool on exchanges, enhancing trading efficiency and reducing price volatility. This increased stability makes the token more appealing as along-term investment option.

Upon token launch, tokens designated for liquidity and market making can be released immediately to facilitate the formation of the liquidity pool and enable market-making activities. This swift deployment ensures the availability of liquidity from the outset, fostering a smoother trading experience for users and bolstering confidence in the token's market stability.

By prioritizing liquidity and market making, Watt2Trade not only enhances its attractiveness to investors but also lays a solid foundation for sustainable growth and liquidity in the secondary market.

Airdrops

The small airdrop allocation serves as a means to provide additional rewards to early users, incentivizing them to engage with the platform from its inception. This strategy aims to stimulate early adoption by expressing gratitude to the users who contribute to founding the platform's user base.

Tokenized projects commonly allocate a small portion of their tokens for airdrops, recognizing the importance of acknowledging and rewarding early supporters. By distributing tokens to early users, the project not only expresses appreciation but also fosters a sense of community and loyalty among its earliest adopters.This can be a valuable strategy in cultivating a strong and engaged user base from the outset, laying a solid foundation for the project's long-term success.These tokens are released when the airdrops take place.

Staking

To achieve energy gamification, a utility token called "Wattoin" was created, which has two main functions. The first is to optimize electricity transactions by reducing the cost of the tariff for each kilowatt hour transacted on the platform. Users will have the possibility to deposit their Wattoins in the electricity market of their choice and thus obtain a decrease in the total cost of their electricity purchase and sale operations for futures positions and risk options. When staked in an electricity market each Wattoin is equivalent to one KWh.

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By depositing the coins in each market where they intend to make energy purchase and sale transactions, users will not only get discounted rates for each Kilowatt hour transaction, they will also earn the distribution of rewards that will be directly related to the number of operations and the time in which the tokens are wagered.

Staking Rewards

Through the"staking" within the platform, transactions in the electricity market of the user's choice will have a discount in the tariff for each Megawatt orKilowatt hour.

In the market in which you choose to deposit the token you will enjoy the benefits of not incurring the 90% of the Megawatt hour rate that would be charged to other users.

Once these calculations have been made, rewards will be sent to each merchant and email to notify them that they have just received their rewards in their wallet.

Electricity Market Rewards

For each year, Wattions for each market will be distributed as follows:

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Once the total amount of Wattoins is distributed in each of the markets where the purchase and sale operations are enabled, a distribution will be made for each user that will be directly related to the number of transactions made in the DEX and the moment in which the Wattoin is deposited in the betting market.

User Rewards

The daily amount of Wattoins to be distributed in each market will be determined by the following formula:

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This will determine the amount of Wattoins that will be given as a reward within the DEX. Once defined, the total amount of Wattoins will be divided among each user as follows:

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Governance

Governance is the procedure by which decisions can be made within a blockchain project. In a traditional company, directors or managers are the ones who make administrative and operational decisions. And it is the shareholders who vote on the implementation of strategies and changes. In tokenized projects, token holders can vote on how a project is further developed.

No one controls the commercial offers in each of the electricity markets in Watt2Trade; however, that does not mean that decisions must be made about implementing some changes or improvements to ensure the sustainability and durability of the project. The absence of central control over certain decisions makes traditional corporate governance obsolete.

Wattoin Governance is the mechanism through which to vote for the expansion of offers for transactions within the electricity markets. Wattoin holders will be able to vote to extend the offer of charging zones or HUBs in the electricity markets with this feature, also in the day-ahead and real-time markets; when applicable and possible, and finally to the floor and cap price used to guarantee the transaction.

Wattoin Enhancement Proposal: these are the proposals that meet the standards within the electricity markets and the possibility of new upgrades or products that can be made available to the Watt2Trade community. This will be available in the Governance section of the DEX.

Roadmap