Top analyst Tyler Swope from Chico Crypto shares with his subscribers the top undervalued altcoin with strong technicals, partnerships, use cases, and huge mooning potential.
Energy Web Foundation
EW Chain is an enterprise-grade blockchain looking to be the foundational digital infrastructure upon which energy-related dApps will be built and run.
According to the trader, unlike most public blockchains, EW Chain has validator nodes that are run by known and trusted corporations. Many of these corporations are large and well-respected energy providers. In addition, building on EW Chain will be facilitated by numerous Software Development Kits (SDKs) that have been released by EWF.
EWT is the native token of the Energy Web Chain, a public Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector.
“The Energy Web Chain is operated and governed by over 25 Validator nodes from 15 countries, including utilities, grid operators, and startups. In addition to its native token, the EW Chain supports all ERC standards,” the crypto KOL says.
Partnerships
Tyler Swope highlights that EWF has over 100 energy and blockchain affiliates. These include utility companies, grid operators, renewable energy and cleantech companies, blockchain developers, and more. Some of these companies are validators on the EW Chain.
EWT Tokenomics
The total supply is 100,000,000 EWT.
“EWF plans to linearly release 10 million EWT tokens over the next 10 years as block validation rewards. Furthermore, 37.9 million EWT tokens will assist in the development of new technologies for the EWF ecosystem. EWF plans to use the remaining tokens for supporting EWF operations and for serving as incentives for affiliates.”
At the time of writing, EWT was trading at $13.14, up by 154.1% in 30 days. However, it is still trading below its ATH of 42.11%.
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