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What is Energy Web Token?

Energy Web Token (EWT) is the native utility token of the Energy Web Decentralized Operating System (EW-DOS), designed to support and further application development for the energy sector. It is used to pay for gas fees on the Energy Web Chain, secure the Energy Web X blockchain, and reward worker node networks. EWT is also used to stake and validate transactions on the Energy Web Chain, ensuring the security and integrity of the network.

How is Energy Web Token used?

The Energy Web Token (EWT) is the native utility token of the Energy Web Decentralized Operating System (EW-DOS) and the Energy Web Chain. It serves several key purposes within the ecosystem:

  1. Gas Fees: EWT is used to pay for gas fees on the Energy Web Chain, facilitating transactions and interactions within the network.

  2. Staking: EWT is required for staking to secure the Energy Web X blockchain and Worker Node Networks. This ensures the integrity and security of the network.

  3. Rewarding Worker Nodes: EWT is used to reward worker node operators for their contributions to the network. This incentivizes entities to run worker nodes, which are essential for the operation of the Energy Web X blockchain.

  1. Operating Worker Nodes: EWT is staked by individuals or businesses to become trusted parties to run worker nodes, ensuring the smooth operation of these nodes.

  2. Validating Energy Web X: A significant number of EWT must be staked to become a validator on Energy Web X, ensuring the security and integrity of the blockchain.

  3. Interoperability: EWT can be "lifted" from the Energy Web Chain to Energy Web X and other layer one blockchains, enabling seamless interactions between different blockchain ecosystems.

These uses highlight the crucial role EWT plays in maintaining the Energy Web ecosystem, promoting the adoption of renewable energy, and enhancing the efficiency of energy markets.

How do I store Energy Web Token?

To store Energy Web Token (EWT) tokens, you can use various methods:

  1. Ledger Live: Add an EWT account to Ledger Live by going to the Accounts menu, clicking "Add account," and choosing Energy Web Token (EWT).
  2. Hardware Wallets: You can store EWT on hardware wallets like Trezor by following specific setup instructions.
  3. Bit2Me Wallet: Create a wallet on Bit2Me, which supports EWT and allows you to receive, store, send, exchange, buy, and sell EWT securely.
  4. Metamask: You can also use Metamask to store EWT, but you may need additional setup steps.

These methods provide secure and convenient ways to manage your EWT tokens.

How to buy Energy Web Token?

To buy Energy Web Token (EWT) tokens, follow these steps:

Using Kriptomat
  1. Create and Verify Your Account:
    • Sign up with Google, Apple, or enter your name and email.
    • Verify your email, phone number, and identity.
  2. Add Funds:
    • Make a bank deposit or use your credit card to add funds.
  3. Buy Energy Web Token:
    • Click on the Kriptomat icon and select "Buy".
    • Choose Energy Web Token from the list of cryptocurrencies.
    • Enter the amount, preview the transaction, and confirm your purchase.
Using KuCoin
  1. Create Your Free KuCoin Account:
    • Sign up with your email address, mobile phone number, and country of residence.
    • Create a strong password to secure your account.
  2. Secure Your Account:
    • Set up Google 2FA code, anti-phishing code, and trading password.
  3. Verify Your Account:
    • Verify your identity by entering personal information and uploading a valid Photo ID.
  4. Add a Payment Method:
    • Add a credit/debit card or bank account after verifying your KuCoin account.
  5. Buy Energy Web Token:
    • Use a variety of payment options to buy Energy Web Token on KuCoin.
    • You can buy stablecoins like USDT and then exchange them for EWT in the spot market.
Using Kraken
  1. Create Your Free Kraken Account:
    • Sign up and connect a funding method.
  2. Buy Energy Web Token:
    • Use your connected funding method to buy over 200 cryptocurrencies, including EWT.
Using CoinCarp
  1. Buy a Cryptocurrency That Can Be Purchased with Fiat:
    • Buy a cryptocurrency like USDT, BTC, ETH, or BNB using fiat currency.
  2. Transfer to a Crypto Exchange or Wallet That Supports EWT:
    • Send the purchased cryptocurrency to a platform that supports Energy Web Token trading.
  3. Buy Energy Web Token:
    • Use the transferred cryptocurrency to buy EWT in the spot market.
General Steps for Centralized Exchanges (CEX)
  1. Register and Verify Your Account:
    • Sign up on the CEX's official website or app.
    • Verify your identity and secure your account.
  2. Buy a Cryptocurrency with Fiat:
    • Use the CEX's service or a financial service platform to buy USDT, ETH, or BNB with fiat.
  3. Transfer to the CEX That Supports EWT:
    • Transfer the purchased cryptocurrency to the CEX that supports Energy Web Token trading.
  4. Buy Energy Web Token:
    • Use the transferred cryptocurrency to buy EWT in the spot market.
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History of Energy Web Token

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How Energy Web Token works

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Energy Web Token's strengths

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