Technology

Energy Web Token (EWT)

EW-DOS features a native utility token, the Energy Web Token (EWT). The token protects the network against misbehavior, compensates validators via transaction fees and block awards, and can be used to pay for services that streamline and enhance dApps.

Where can I get EWT? What exchanges is it listed on?

EWT is currently listed on global exchanges Kraken, KuCoin, Bitmart and Liquid

Note: Please only trade EWT on these officially supported exchanges. We are aware of at least one rogue token under the same ticker ($EWT) listed on another exchange. This is NOT the Energy Web’s native EWT.

How can I store my EWT?

Many popular wallets allow you to interact with the Energy Web Chain and store EWT, including MyCrypto, MetaMask, and hardware wallets such as Ledger and Trezor.

We have deployed a web-based custom wallet (based on the open-source MyCrypto wallet), which is pre-configured to connect to our Volta test network and the production Energy Web Chain and has been tested with hardware wallets such as Ledger and Trezor.

Find all the compatible wallets below:

Metamask MyCrypto My Ether Wallet (MEW)D’Cent mobile wallet Alpha wallet

Buy hardware wallets here:

Official Trezor Official Ledger

What is the circulating supply of EWT?

Circulating supply represents the approximate number of tokens that are available and can readily enter the token economy. The following table calculates EWT’s circulating supply, beginning with the total supply of EWT in existence, minus three accounts with limited or no liquidity.

AMOUNT

NOTES

CURRENT TOTAL SUPPLY

Increasing to 100M maximum supply over 10 years.

ENERGY WEB TEAM

Static. EW’s endowment and operating funds.

FOUNDING ORGANIZATIONS

Static. Locked until June 2021.

COMMUNITY FUND

Increasing over 10 years.

CIRCULATING SUPPLY

30,062,138

LAST UPDATED: 15 July 2020

Is EWT an ERC20 token?

No. The native EWT is not an ERC20 token. However, we have developed the EWT Bridged (EWTB) token, which is an ERC20 token that can be minted through a bridge, offering a method for transferring EWT from the Energy Web Chain to the Ethereum mainnet quickly and cost-effectively. For more, please visit https://bridge.energyweb.org/.

Do I have to use EWT in my dApp?

Users and application developers are not required to use EWT for their own applications beyond paying for transaction costs on the EW Chain. They can use cryptocurrencies or fiat currencies, as well as second-layer tokens native to their particular applications.

Energy Web channel on Telegram.

For all other questions about EWT, please visit the conversation over telegram

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IMPORTANT

All or part of solutions based on EW-DOS using EWT and/or running on the EW Chain are frequently open-source and decentralized, developed and maintained by the broader Energy Web ecosystem. All such projects—including the Energy Web Wallet—are offered “as-is”, without warranty, and disclaiming liability for damages resulting from their use.

UPDATE (15 February 2021): We have seen a recent rise in scam, fake, and spam accounts posing as Energy Web and/or EW team members and representatives (including our Telegram admins). As a reminder, we will NEVER ask for your private key or seed phrase. DO NOT share this information with anyone, including someone claiming to be from Energy Web.

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