🚀
Energy Web X Ecosystem
  • Documentation Overview
  • Core Concepts
    • Energy Web Chain
    • Energy Web X
    • Energy Web Tokens
      • Token Lifting
      • Token Lowering
    • Worker Nodes and Worker Node Networks
      • Server-based Worker Node
      • Marketplace App (desktop-based)
    • Worker Node Operator
    • Smart Flows and Groups
    • Subscription
    • Reward Period
    • Voting and Consensus
    • Ethereum
      • Transactions and Transaction Costs
    • Decentralized Identifiers (DIDs)
  • EWC ECOSYSTEM
    • Energy Web Chain
      • System Architecture
        • Proof-of-Authority Consensus Mechanism
        • System Contracts
          • Name registry
          • Holding Contract
          • Block Reward Contract
          • Validator-Set Contract
        • Validator Node Architecture
      • Energy Web Block Explorer
      • Energy Web Chain Governance & Validators
    • Energy Web Tokens
  • EWX ECOSYSTEM
    • Energy Web X
    • EWX: Architecture
    • Pallets
      • Worker Node Pallet
      • Balances Pallet
      • Proxy Pallet
      • XCM Pallet
      • Assets Pallet
      • Multisig Pallet
      • Scheduler Pallet
      • Preimages Pallet
      • Offences Pallet
      • Eth-Bridge Pallet
      • Token-Manager Pallet
      • Ethereum-events pallet
      • Avn Pallet
    • Worker Nodes
      • 🖥️The Marketplace App
        • Operator and Worker Accounts
          • Creating an operator account
          • Funding an operator account
          • Connecting to operator account
          • Disconnecting an operator account
          • Creating a worker account
          • Importing worker account
          • Exporting worker account
          • Linking a worker account to an operator account
          • Unlinking a worker account from an operator account
        • How to use Ledger on Marketplace App
        • Token Management
          • Creating an EWC account
          • Managing EWC accounts
          • Lifting tokens
          • Lowering tokens
          • Tracking lifting and lowering transactions
          • Checking EWT balance
        • Subscriptions
          • Subscribing to a solution group
          • Topping-up subscription amount
          • Managing subscriptions
          • Unsubscribing from a solution group
          • Unsubscribing delay
        • Worker Node and Rewards
          • Configuring remote worker node
          • Switching worker node location to remote
          • Participating into worker node network
          • Votes casted per Period
          • Reward Period
          • Checking rewards
          • Claiming rewards
        • FAQ: Marketplace App
        • Location Services
      • 🗄️Server-based Worker Nodes
        • Deployment Guide
        • Bootstrapping Server-based Worker Node Accounts
        • FAQ: Server-based Worker Nodes
      • Worker Node use cases
        • Sample Enterprise Use-Cases
          • Operating Envelopes Partitioning
          • ZEL Request Partitioning
          • Green Proofs
            • SAFc
            • Green Proofs for Bitcoin (GP4BTC)
            • Green Proofs as a Service (GPSaaS)
            • Green Proofs for Electrical Vehicles (GP4EV)
  • ENERGY SOLUTIONS
    • Green Proofs by Energy Web
      • Green Proofs Overview
      • Green Proofs Architecure
      • Green Proofs Software Stack
      • Use Cases and Reference Implementations
        • 24x7 Renewable Electricity
        • Sustainable Aviation Fuel
        • Green Proofs for Bitcoin
          • GP4BTC Miner Guide
        • Decarbonizing Shipping
        • Green Proofs for Electrical Vehicles
        • Green Proofs as a Service (GPSaaS)
    • Digital Spine by Energy Web
      • Design and Architecture
      • Component Guides
        • Energy Web Name Service (ENS)
        • Self-Sovereign Identities
          • SSI-Hub
          • Technical Guide
            • Organizations
            • Applications
            • Roles and IAM
          • Deployment Guide
            • Deploy Identity Cache Server
            • Deploy Switchboard
        • DDHub Message Broker
          • Technical Guide
            • Authentication and Authorization
            • Topics
            • Messaging
          • Deployment Guide
            • Deploy DID Auth Proxy
            • Deploy Message Broker
        • DDHub Client Gateway
          • Technical Guide
            • Authentication and Authorization
              • Key Vault
            • Client Gateway Identity and VCs
            • Address Book
            • Topics
            • Channels
            • Integration Options
            • Messaging
          • Deployment Guide
            • Launchpad SaaS
            • Azure Marketplace
            • Self-Hosted
              • Deploy with Kubernetes
              • Deploy with Docker
            • Key Vault
              • Deploy with HashiCorp Key Vault
              • Deploy with Azure Key Vault
              • Deploy with AWS Secrets Manager
            • Rebranding and Whitelabelling
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On this page
  • What is the Energy Web Token?
  • EWT on the Energy Web Chain
  • EWT on Energy Web X
  • Get EWT
  • Additional Resources:
  1. EWC ECOSYSTEM

Energy Web Tokens

The Energy Web Chain native token

PreviousEnergy Web Chain Governance & ValidatorsNextEnergy Web X

Last updated 5 months ago

What is the Energy Web Token?

The is the native utility token of the Energy Web Decentralized Operating System (EW-DOS). Tokens are used in EW-DOS to pay for on the , and for staking to secure the as well as . You will need EWT in your digital wallet (we recommend using ) if you want to make transactions or use applications or smart contracts that are deployed on the Energy Web Chain main network.

EWT on the Energy Web Chain

Like other public blockchains, the Energy Web Chain uses EWT as a utility token to access services and orchestrate stakeholders within its blockchain system. In the context of the Energy Web Chain, EWT compensate validators for processing transactions, and are used to pay for transactions - for example, registering a new asset or organization in .

Utility tokens like EWT are different from other digital assets in the blockchain sphere such as coins, non-fungible tokens, and stablecoins. To learn more about the distinctions between these assets, see this article, .

EWT on Energy Web X

Energy Web X will leverage and complement the existing Energy Web Chain by introducing new technical capabilities that streamline the deployment and operation of Worker Node networks.

To maximize the security of every Energy Web solution using worker nodes, EWT will be required to interact with worker nodes and Energy Web X. Most notably, Energy Web Tokens will be required to:

  • Reward worker node networks: worker nodes are software packages that need to be run by individuals and/or businesses. In order to attract entities to run worker nodes, enterprises will need to include rewards, paid in EWT, that compensate worker node operators for their work.

  • Operate worker nodes: in order to become a trusted party to run worker nodes, individuals and/or businesses will be required to stake EWT. Staking requirements and reward schedules are mass customizable—enterprises launching worker node networks can configure different thresholds and award schedules at their discretion.

  • Validate Energy Web X: Energy Web X validators will need to stake a significant number of Energy Web Tokens in order to become validators on Energy Web X.

For clarity, instead of launching a new token with the Energy Web X blockchain, Energy Web X will be powered by the existing or EWT. Users have the ability to “lift” Energy Web Tokens from the existing Energy Web Chain onto Energy Web X. Lifted Energy Web Tokens can then be used for the functions described above. With this mechanism in place, EWT holders will be able to “lower” Energy Web Tokens back to the main Energy Web Chain at their discretion. Over time, token holders will be able to lower EWT to other layer one blockchains (for example, main net Ethereum) making Energy Web solutions interoperable with any blockchain ecosystem.

Get EWT

Additional Resources:

You can buy EWT on any of the exchanges listed . You can also bridge EWTB ERC20 tokens acquired on Ethereum mainnet back to EW Chain by .

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The utility of the utility token for utilities - how companies can use the Energy Web Token to build and operate enterprise-grade decentralized applications on a public digital infrastructure
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