What does Energy Web Token do?
Energy Web Token (CRYPTO:EWT) is the native cryptocurrency of the Energy Web Chain, a public blockchain tailored to the energy sector. EWT is used to pay for transaction fees and to reward participants in the Energy Web Chain ecosystem.
The Energy Web Chain is designed to support enterprise-grade applications that can help to transform the global energy system. It uses a variety of innovative technologies, such as blockchain and smart contracts, to improve the efficiency, security, and transparency of energy markets.
The Energy Web Foundation is a non-profit organization that is developing and promoting the Energy Web Chain. The Foundation has a number of projects underway, including the Energy Web Operating System, the Energy Web Marketplace, and the Energy Web Accelerator.