Wattson Technology White Paper

Introduction

The Wattson Protocol is a cryptocurrency incentive program that encourages the use of electric vehicles and the use of other sustainable energy sources (wind, solar, hydro, and tidal), by allowing our users to link the usage of their solar energy or self-reporting by verified means dependent on the user’s tracking system. They may also link/self-report their Tesla’s usage or other electric car. We also allow the reporting of Hybrid vehicles, although they receive a smaller amount of rewards. A user may also link/self-report their fitness results from their SmartWatch technology such as walking, running, cycling, and other methods of fitness that take the place of typical transportation. As other renewable energy systems are developed and brought online, users can report what system they use to our developers for approval. When approved, they will be able to link their wallet address to the rewards program and begin earning. Rewards will be paid out in our cryptocurrency called Joule, named after the unit of measurement for energy by Wilhelm Siemens.

We also include a burn wallet address. The initial Joule amount is 1,000,000,000,000,000. All of the transactions will be subject to a 10% burn. All 10% of the tokens will be burned. If 4 concurrent transactions are made, the burn reduces to 5%. At the end of the ICO phase, 50% of remaining tokens will be burned.

Methodology

Our rewards fall under two categories: Maximum Impact and Minimal Impact. Below we outline the two different categories, and the fluidity between the two.

Maximum Impact: The user is in a position where they are using electric vehicles, bicycles, walking, running, and other alternative forms of transportation that are environmentally friendly. The user also has a sustainable way to power their house such as solar panels. If the user is entirely able to power the house with their solar capabilities, they are eligible for a rewards multiplier up to 10x. If they are able to power the entirety of their home and charge their vehicles, the multiplier can be up to 15x. If the user is unable to power the entirety of the house using solar, the multiplier is reduced and continues to fall depending on the power output of the home.

Minimum Impact: The user has an electric vehicle or mainly uses an alternative mode of transportation, but their home is powered by traditional means. Multipliers go to 3x.

Purchasing Rewards: If a user purchases an EV, solar panels, etc. They can also send in a purchase receipt that we can verify with either the sales agent or the company directly, and the user is eligible to receive rewards subject to what they have purchased.

Homes: Homes that are powered by solar technology must be reported with a valid address. This address will never be sold or made public. Wattson Technology and Wattson AI will make use of this data to account for environmental impacts to earning, such as poor weather (clouds, rain, snow, etc), land impacts (trees, mountains, or anything else that is land based that blocks solar panels), and yearly conditions.

Challenges: All users can make use of our Daily, Weekly, and Monthly challenges. Free accounts can also access the challenges, although they will be severely nerfed in their ability to gain tokens. All paid accounts can make use of the full offered token amount.

At Wattson Technology, we take these environmental impacts seriously. We want to be able to reward our users with the highest possible rates we can, to encourage everyone to switch to renewable energy. The usage of data here will help Wattson Technology employees, and eventually the Wattson AI program to make decisions on the rewards given out.

The development of the Wattson Protocol will happen in Phases with 5-stages in each. The number of Phases is dependent on the success of the previous Phase. Phases will mark the expansion of the company.

Phase One:

With this development track, we are laying out a path for Wattson Technology to grow and expand into other areas of renewable energy and improve the human condition.

*Please note that these stages have no listed dates. Projects in each phase may not launch at the same time, as we believe in releasing quality projects. Because of this it may be subject to delay.

Market Research

At the time of writing this white paper, there is no known company, large or small, that is working to reward environmentally conscious decisions like we are. We are at this time, growing up in a new field to encourage the adoption of renewable energy sources.

The market for electric vehicles (EVs) and solar panels is growing. Every day we are seeing more and more EVs on the road and in development across multiple companies, we are seeing homeowners seeking to add solar panels, and we are seeing companies increasing their research in improving solar cells. A BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. The report shows that EVs currently make up only 3% of car sales worldwide. By 2025 EVs will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040.

However, there are not very many obvious incentives for people who are unable to afford to switch to renewable energy. We at Wattson Technology wish to change that. We want to be a reason that people take that leap to renewable energy.

With the market for renewable energy incentives being non-existent, we would own the market. Being able to draw upon funding from cryptocurrency, while not always stable, will mean that capital can grow alongside the market, allowing Wattson Technology to remain under private ownership. The price of our coin also will encourage the usage of our token since diminishing supply will raise prices when the Wattson Protocol begins to gain traction and support.

Scalability

One of the larger problems with new crypto based companies, is that they aren’t able to scale very well, and if they are it’s extremely expensive on their end if their currency isn’t traded extensively to the point where the company’s value increases with their currency holdings.

However, we are anticipating overwhelmingly positive reception by the general public and from businesses that are looking to expand into powering their facilities with renewable energy sources. From here, Wattson Technology will begin expansion into the development of its own blockchain and physical systems. Wattson Technology will also be looking to add to the team from experienced developers to interns straight out of college. Working with other companies to help bring their own rewards and such to surface will help get our name out there quicker and will help us become a trusted name in the business world.

Profitability

Profitability has been an issue for crypto based companies, as the companies version of “stocks” is the coin itself. With a market as volatile as crypto space is, we hope to mitigate this by creating “artificial whale” accounts with very limited employee access so that we can prevent massive third-party whales from tanking the price.

We plan to take advantage of the massive amounts of social media outlets there are, such as Instagram, Facebook (Meta), Twitter, LinkedIn, Discord, and Reddit. With an aggressive marketing campaign targeting people who are interested in EV’s, Solar, renewable energy, crypto projects, and crypto investing, we believe we can flood these outlets with our Protocol’s information by tailoring our advertisements to simultaneously discuss our cryptocurrency as well as our mission to encourage widespread adaptation of renewable energy.

We also will be able to maintain profitability while working with these companies that want to establish alternative methods to power their facilities. When partnering with these companies, we would be creating consulting contracts to keep money flowing into the company. We would also ask if these companies wanted to sign a longer-term contract agreement to integrate their own systems onto a blockchain. Thereby gaining more revenue from the consulting contract, labor, and maintenance on the blockchain system.

With memberships comes membership fees. The membership fees will be paid out in traditional currency, and we will not allow the payment of cryptocurrency in the beginning stages so that we have an inflow of liquid assets. While rewards would total more than the membership fees, with the difficulty in liquidating crypto assets with fees, accepting USD for membership fees limits costs on the company.

While our approach is to encourage adoption of renewable energy sources to the average person, we also need to remain profitable to maintain our mission.

Conclusion

Wattson Technology will be the leading force in offering rewards and incentives for companies and private citizens to adopt renewable energy. We will develop our own website, app, ERC-20 token, and blockchain in house. Wattson Technology will grow to be a trusted and valued name in the crypto space as well as in the effort to move away from fossil fuels.