12/5/2022, 2:48:18 PM

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Rowan Token is on the decline this week.

The price of Rowan Token has fallen by 0.37% in the past 7 days. The price increased by 2.95% in the last 24 hours. In just the past hour, the price grew by 0.18%. The current price is $0.000938 per RWN. Rowan Token is 99.37% below the all time high of $0.15.

The current circulating supply is 0 RWN.


What Is Rowan Token (RWN)?

Rowan Token is the native cryptocurrency of the Rowan Energy project. According to the whitepaper, the token works on the Rowan Energy blockchain, which is a side-chain of the Ethereum network. The token is based on the ERC-20 token standard. The token can be seen as the backbone of the Rowan Energy system.

Rowan Energy is a project that intends to make renewable energy production as valuable for a person as it is for the environment. According to the website, the project seeks to earn users’ extra income from solar panels installed at their premises. They intend to generate such income without changing electricity usage or discontinuing the subsidy provided to the user. The project intends to make people recognize the importance of renewable energy. The project aims to integrate blockchain technology into already available infrastructure to enable owners of rooftop solar panels to sell their energy to other consumers via peer-to-peer way.

According to the whitepaper, the current system for rewarding households with solar panels installed on their rooftops is uneconomical and old. Further, there is no way to track the energy produced by such solar panels. Also, blockchain technology is not up to the level to encourage green energy solutions as it takes a lot of energy to validate a transaction. Therefore, the Rowan Energy project came into the picture.

The project allows users to sell their energy via peer-to-peer way at a reasonable rate, thus ultimately increasing the income of the energy provider. With the help of the project’s custom-built blockchain, a user intends to know when and where electricity was generated and how much it was consumed and distributed on the grid. The blockchain on which the project works uses a proof of authority consensus mechanism protocol that is a low-carbon emission mechanism.

The users will get RWN in return for providing energy to the consumers. Such energy trade intends to take place over the public exchange that seeks to increase the demand. Users can also become validators, start mining on the blockchain, and earn RWN as an incentive. The users then exchange RWN for other cryptocurrencies or can hold them for future growth.

History of Rowan Token (RWN)

The project was initiated during September 2018 to March 2019. The project’s blockchain was launched in October 2019. The core team that launched the project in 2018 includes David Duckworth (CEO) and Halam Rose (director). The total supply of RWN tokens is forty-five million coins.

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What is the current price of Rowan Token?

The price of 1 Rowan Token currently costs $0.000938.

What is the market cap of Rowan Token?

The current market cap of Rowan Token is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Rowan Token?

The all-time high of Rowan Token is $0.15. This all-time high is highest price paid for Rowan Token since it was launched.

What is the 24 hour trading volume of Rowan Token?

Over the last 24 hours, the trading volume of Rowan Token is $8.40K.

What other assets are similar to Rowan Token?

Assets that have a similar market cap to Rowan Token include AlphaDEX, iDeFiYieldProtocol, Lith Token, and many others. To see a full list, see our comparable market cap assets.

How many Rowan Token are there?

The current circulating supply of Rowan Token is 0.