In this blog, we show you how to add Energy Web Chain to MetaMask wallet. First, we talk a bit about what the network is and what it does, etc. If you do not want to read about that and directly want to see how to add EWT Chain to MetaMask. You can go down this page and start reading “Getting Energy Web Chain on MetaMask”.
What is Energy Web Token
A project that, like many started during the last crypto bull market in 2017. Energy Web launched by the Energy Web Team (under the leadership of Jesse Morris) is a project that came to life during this time. The name Energy Web already gives it a bit away. Because the project puts its focus on, Energy. Scientists have already warned us for years about the problems climate change will cause. These problems mostly come from our way of using and producing energy. So to save the planet and ourselves we need to improve our energy ways. But the current energy grit’s ways of transporting storing and using our power do not work efficiently. To solve this problem EWT tries to stand in between all the operators and participants of the network to optimize how it works.
EWT Partners
In the future EWT plans to make this transfer of energy more efficient and mostly greener. This way the network can help the adoption of green energy productions. But also facilitate utilities over its network.But back in 2017 EWT blockchain was not the only energy blockchain that started out. No, many others popped up during this time. But not all of them survived. So EWT did and we can see why. Not only does the project focusses on upgrading and making the grid cleaner. But it also has many partnerships with big, well-known energy companies. With companies like Eneco, E-ON, Shell, and many others on the partner list. This gives the project some serious potential as these companies do not play around. So as more of these companies start to utilize the EWT blockchain. We can expect them to make the blockchain network grow as well. But also more new companies to join the alliance, as companies like Tesla and many others would fit the profile to join in.
Energy Web use-cases
The Energy Web blockchain can be used for many things. Because the blockchain works as a similar blockchain to Ethereum running an EVM. But also running its own EW-DOS system. This system makes it possible for the network to run smart contracts and create tokens, just like Polygon, and Ethereum. But EWT has its focus of course on Energy. Because of the way its blockchain is structured with build-in permissionless identities. It allows anyone to connect to it and build trust between Energy consumers and producers. This way they can efficiently exchange Energy and value alike.
Energy Web Token stats
With a limited supply of EWT tokens, the on-chain stats, and token stats are very important. So with a limited supply of 100.000.000 EWT tokens, know where the inflation thus should end. Because as of writing only a little under half of the total supply is in circulation. Meaning we can still expect quite some inflation in the token before that would stop. But with the growth in the use cases for the chain as well as the Energy companies that partner with it. We can see that this could balance each other out.
The Energy Web Token
The EWT works as the main utility token on the network. Besides that, it is also recognized as being a utility token by Switzerland. Because the token works just like ETH does on the Ethereum blockchain. Meaning that to transact on the blockchain network, users will need to pay their transaction fees in EWT. But this also goes for Dapps build on top of the chain. So everything that runs on Energy Web has to use EWT. Of which there only exists a maximum hard cap of 1.00.000.000 EWT tokens.
Briding to Energy Web Chain
Because Energy Web Chain runs an EVM as well other blockchains can also connect to it. Bridging should always be done with a blockchain bridge. Because if you do not use one of these systems. You could lose access to your funds. Which no one wants of course. So when you plan on sending tokens between EWT and Ethereum or BSC. You should use a token bridge. Some of these bridges you can find on the Energy Web Chain explorer site (EWT explorer). Just look under Dapps and you will see them there.
Energy Web Chain price
As you can expect a token like EWT with a fixed supply has its price depending on the users using the blockchain. So the EWT price is completely dependent on that (and price speculation). But as we mentioned before the EWT has a lot of partners. Some of these partners even have millions of customers. So because of this, there is the potential for Energy Web Chain to onboard a large number of these customers. If that would happen the price would probably follow. But please do remember if you want to buy EWT, that Yada Wallets does not give out financial advice or make Energy Web Token price predictions. So nothing in this post or on our website should be seen as such. Because you and only you are responsible for your money. But just in case that you want to make your own Energy Web Chain price prediction. It could be a good idea to stay up to date with the Energy Web Chain news, Reddit, Twitter, and foundation. Because all of these can have an influence on the EWT price. To see the Energy Web Token price. You can go to websites like CoinmarketCap or CoinGecko. Here you can see the actual price so you never miss an up or downtrend in the price. So you know web to buy EWT and trade Energy Web Chain with the right price updates.
Wallets that support Energy Web Chain
So to find an Energy Web Chain wallet, you do not have to look far. Because the network has an EVM running on top of it. Users could simply add the blockchain to wallets that let you add a manual EVM like Metmask, XDEFI wallet, and Nifty wallet. But besides that, there are also some wallets with native support like the MyCrypto wallet and ledger wallet. Plus some exchanges give you the liquidity to exchange EWT. Finding the right EWT wallet for you is of course important. That’s why we have created our EWT wallet filter. So you can find the perfect Energy Web Chain wallet for you. If you already used one of these wallets, then do not forget to leave a review. Because this can help others in the future. So now that you are more educated on the topic, are you ready to start learning “how to add EWT Chain to Metamask wallet”? So you too can use your own Energy Web Chain wallet. Let’s see how to add EWT Chain to Metamask wallet”.
Getting Energy Web Chain on MetaMask
So to add the EWT to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the EWT.
Now Metamask will ask you for the data needed to connect the wallet to the EWT. Please fill in the list below.
Network Name - Energy Web Chain
RPC URL EWT - https://rpc.energyweb.org
EWT Chain ID - 246
Symbol - EWT
EWT Block Explorer URL - https://explorer.energyweb.org
When you have done this, you can just click save. And now you have added the EWT to your MetaMask wallet. If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain. Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc. We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use EWT as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting EWT. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how to add EWT to MetaMask wallet and what is EWT. But in case you have Questions regarding Crypto or Bitcoin? But in case you have Questions regarding Crypto or Bitcoin? Feel free to ask them on our online Facebook or Telegram groups. Because we are happy to help whenever we can!
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