KWHCoin is donating $225k and 1.5 million KWHCoins to fund microgrid development and off grid technologies for residential development and the essentials such as hospitals, schools, and local businesses in Puerto Rico, the Caribbean, Latin America, South America, Southeast Asia, and Africa.
SAN JOSE, Calif. (PRWEB) January 26, 2018
KWHCOIN, a social impact blockchain project in pre-ICO, is on a mission to improve energy freedom for the 1.2 billion worldwide currently without electricity, beginning with the donation of fiat and cryptocurrency to underserved regions across the globe, including hurricane ravaged Puerto Rico.
Specifically, the pre-ICO company is donating $225k and 1.5 million KWHCoins to fund microgrid development and off grid technologies for residential development and the essentials such as hospitals, schools, and local businesses and municipalities in Puerto Rico, the Caribbean, Latin America, South America, Africa, and Southeast Asia.
The company’s donation will be allocated as such: $75,000 USD and 500,000 KWH coins to Puerto Rico will aid reconstruction efforts following the swift destruction brought by Hurricane Maria in September 2017. Nearly a third of the population is reportedly still without power, and KWHCoin is already in conversation with businesses and individuals to swiftly bring relief to the island’s 78 municipalities using clean renewable energy.
The remainder of KWHCoin’s donation will be split evenly between to large regions, with $75,000 USD and 500,000 KWH coins going to Mexico, Latin America, and South America and $75,000 USD and 500,000 KWH coins going to Africa and Southeast Asia.
KWHCoin raised $1.1 million USD in a two-day private pre-sale held in late December 2017. In addition, the company recently announced an Initial Coin Offering (ICO) scheduled to launch on February 8, 2018. More information about the ICO can be found at https://kwhcoin.com/ico-information.
Founded in August 2016, KWHCoin is building a Blockchain-based renewable energy platform backed by equivalent measures of deliverable kilowatt hours of clean, renewable energy aggregated from local distribution sources. This platform, which the company calls The Grid, will enable anyone worldwide to buy or sell renewable energy resources. Learn more at kwhcoin.com
Michael E. Rubin, Chief Marketing Officer