Skip to main content

Why Web3.0 ?

Interoperability is crucial in the fragmented ecosystem of charging stations. We need a secure and open traceability and payment system where other operators can join easily. A public ledger is also required to audit energy use, especially in complex cases like Smart Charge, V2G, Plug&Charge, etc…. When it comes to P2P payments and disintermediation, Web3.0 and blockchain are here !

Presenting the project​

You will find all the information about Werenode in the White Paper

Or you can begin with the condensed Lite Paper

Werecoin and Smart Contrats​

Werenode is using a Tezos token called Werecoin, shorten in WRC. The address is :

KT19Fmya7B49wKYdoqXYphyQWGRUn9g5wG8R

The token can also be bought on the Binance Smart Chain. The token address is :

0xcb2B11e8B780971907A9A171754C7D767ee8Bc70

All other contracts on Tezos or on other Blockchains are obsolete or not related to us. Beware of scams. Please don't use the first token KT1LqEyTQ...qazAwXrg4t and 0xbCe2B12e3aA25...9C464dF528B1E5916

Understanding Werenode's Multi-Chain Strategy

Werenode leverages blockchain technology to provide a transparent, efficient, and decentralized platform for electric vehicle (EV) charging. As part of this initiative, Werenode has created two tokens: Werecoin (WRC), based on the Tezos blockchain, and Binance Smart Chain Werecoin (BWRC), based on the Binance Smart Chain (BSC). This guide will explain these two tokens, their use cases, and how you can interact with them.

Overview​

Werenode has designed its cryptocurrency ecosystem around multi-chain interoperability. This means that users can benefit from different blockchain features by utilizing tokens on both Tezos and Binance Smart Chain. These tokens serve as the basis for EV charging payments, staking, and other services within the Werenode ecosystem.

1. Werecoin (WRC) on Tezos Blockchain​

Werecoin (WRC) is a utility token on the Tezos blockchain, based on the FA2 token standard. This token supports Werenode's payment infrastructure, allowing users to pay for EV charging services. The choice of Tezos was motivated by its energy efficiency, security, and low transaction fees.

Key Features of Werecoin on Tezos:

  • FA2 Standard: Werecoin is implemented using the FA2 standard, which is a flexible token standard on the Tezos blockchain. This standard supports various token types, including fungible, non-fungible, and multi-asset tokens.
  • Energy Efficient: Tezos utilizes the Proof of Stake (PoS) consensus mechanism, making it an environmentally friendly choice compared to traditional Proof of Work (PoW) blockchains.
  • Transaction Traceability: All transactions involving Werecoin are recorded on the Tezos blockchain, ensuring full transparency and auditability.
  • Lower Transaction Fees: Tezos is known for its competitive gas fees, making it an economical choice for micro-transactions, such as EV charging payments.

Use Cases for Werecoin on Tezos:

  • Charging Payments: Users can pay for charging sessions at Werenode EV charging points using WRC.
  • Staking and Rewards: Users may stake WRC to earn rewards, thus incentivizing active participation in the Werenode ecosystem.
  • Marketplace Transactions: Owners of EVSE (Electric Vehicle Supply Equipment) can receive payments in WRC for shared usage.

Where to Trade Werecoin (WRC):

  • Quipuswap: Werecoin (WRC) can be traded on the Tezos decentralized exchange Quipuswap.
  • Spicyswap: You can also trade WRC on Spicyswap.

2. Binance Smart Chain Werecoin (BWRC)​

Binance Smart Chain Werecoin (BWRC) is another token based on the Binance Smart Chain (BSC) using the BEP-20 token standard. BWRC is designed to provide additional flexibility to users who prefer the Binance ecosystem, offering fast transaction processing and compatibility with Binance-based services.

Key Features of BWRC on Binance Smart Chain:

  • BEP-20 Standard: BWRC follows the BEP-20 token standard, which is similar to Ethereum's ERC-20, providing a robust and well-established token model.
  • Low-Cost Transactions: Binance Smart Chain is known for its high throughput and low transaction costs, making BWRC an attractive choice for frequent transactions.
  • Cross-Platform Compatibility: BWRC tokens can be traded on popular decentralized exchanges (DEXs) such as PancakeSwap, enhancing liquidity and accessibility for users.

Use Cases for BWRC on Binance Smart Chain:

  • Payments for EV Charging: Like WRC, BWRC can also be used to pay for charging sessions on the Werenode platform.
  • Cross-Chain Liquidity: Users can take advantage of the cross-chain features of Werenode by swapping between WRC and BWRC, thus benefiting from both blockchains' unique attributes.
  • Access to Binance Ecosystem: Since BWRC is based on BSC, users can easily integrate their tokens into other Binance-based DeFi applications, enhancing the utility of their holdings.

Where to Trade Binance Werecoin (BWRC):

  • PancakeSwap: You can trade BWRC on the popular Binance Smart Chain decentralized exchange PancakeSwap.
  • Tokpie: BWRC is also available for trading on the centralized exchange Tokpie.

How to Use Werecoin (WRC) and Binance Werecoin (BWRC)​

1. Setting Up Your Wallet​

To interact with Werenode tokens, you'll need to set up a compatible wallet:

  • For Werecoin (WRC): Use a wallet compatible with Tezos, such as Kukai or Temple Wallet. These wallets support the FA2 token standard and will allow you to store, send, and receive WRC tokens.
  • For Binance Werecoin (BWRC): Use a wallet compatible with Binance Smart Chain, such as MetaMask or Trust Wallet. Make sure to add the Binance Smart Chain network to your wallet to interact with BWRC.

2. Acquiring WRC and BWRC​

  • Buying WRC: You can purchase Werecoin (WRC) on decentralized exchanges such as Quipuswap or Spicyswap.
  • Buying BWRC: Binance Smart Chain Werecoin (BWRC) can be traded on exchanges like PancakeSwap or Tokpie. BWRC is also available on P2B and Tokpie centralized exchanges.

3. Making Payments for EV Charging​

  1. Locate a Charging Station: Use the Werenode mobile app to locate nearby charging stations.
  2. Connect Your Wallet: Connect your Tezos wallet (for WRC) or Binance Smart Chain wallet (for BWRC) within the Werenode app.
  3. Initiate Payment: When starting a charging session, you will be prompted to pay with either WRC or BWRC, depending on the available payment options.
  4. Confirm Transaction: Approve the payment through your wallet. Once the transaction is confirmed on the blockchain, your charging session will begin.

4. Staking and Rewards​

  • Staking: You can stake WRC tokens to earn rewards, contributing to the network’s security and gaining additional tokens as a reward.
  • Liquidity Provision: If you are interested in providing liquidity for WRC or BWRC, you can participate in pools available on platforms like Quipuswap or PancakeSwap.

Advantages of Using Multi-Chain Tokens in Werenode​

  • Interoperability: By offering tokens on both Tezos and Binance Smart Chain, Werenode provides its users with the choice to select the blockchain that suits their needs, whether it's low fees, high speed, or access to specific ecosystems.
  • Scalability: The use of multi-chain tokens allows Werenode to scale its EV charging solutions across different blockchain networks, reducing the risk of network congestion.
  • Security and Reliability: With Tezos' focus on formal verification and Binance Smart Chain's robust infrastructure, users benefit from enhanced security across both platforms.

Frequently Asked Questions​

1. Why does Werenode use two different blockchains?​

Werenode uses both Tezos and Binance Smart Chain to leverage the unique strengths of each blockchain—Tezos for its energy-efficient and secure Proof of Stake consensus, and Binance Smart Chain for its fast transactions and DeFi compatibility. This multi-chain approach enhances flexibility for users and provides more options for interacting with the Werenode ecosystem.

2. How can I convert WRC to BWRC?​

You can swap between WRC (Tezos) and BWRC (BSC) using supported cross-chain platforms. Detailed instructions for swapping will be provided through the Werenode platform when the feature is available.

3. Can I use WRC and BWRC for other services beyond EV charging?​

Yes, both WRC and BWRC can be used within the Werenode ecosystem, including staking, rewards, and participation in decentralized finance (DeFi) activities on the respective blockchain networks.

4. Why Tezos ?​

Tezos is an innovative blockchain with smart contracts in mind. Media and pundits show a growing interest (https://www.cryptodaily.co.uk/2021/10/Tezos-Listed-By-Bank-Of-America-As-Most-Undervalued-Crypto)

  • Tezos is Green thanks to its LPoS protocol. Electricity should be used to charge cars not to run miners :) It’s one of most ascetic in Wh per transaction.
  • Tezos Foundation is continuously improving efficiency of the smart contracts and thanks to experts from Edukera and Nomadics Labs we have formally proven contracts, optimized storage and open ledger.
  • Tezos is fast enough to serve real life transactions: blocks last 30 secs and transaction bandwidth is around 40 TPS.
  • Most of our Tezos transactions cost below $0.01, making it a perfect match for charging micro transactions (around $5-$10). An ERC20 transaction on Ethereum costs more than $1. A Uniswap swap is quoted $124 at the time of writing. L2 initiatives or the Binance chain BSC is a great improvement but BEP20 token swaps on Pancakeswap still cost around $0.30.

We don't believe in 'One Blockchain To Rule Them All'. The crypto universe has proven to be very agile and in constant movement. We believe in protocols designed for a purpose, interoperability between blockchains, CEX and DEX, stablecoins and utility tokens all together.

Our Tezos smart contracts are developed with Archetype, the high level smart contract language built for formal verification.

Conclusion​

Werecoin (WRC) on the Tezos blockchain and Binance Smart Chain Werecoin (BWRC) are crucial elements of Werenode's vision for a decentralized EV charging network. By providing multiple options for users to participate in the charging economy, Werenode ensures flexibility, scalability, and enhanced utility for its community members. Whether you are an EV driver looking to pay for charging sessions or a contributor wanting to share his charging station, Werenode’s multi-chain approach provides a reliable and versatile platform for all.