FAQ’s
EV charger FAQ: answers about the SparkShare network, BOXEV, CUBE and TUBE chargers, installation, WTC tokens and the SparkShare app.
19What is WTC?
WTC Token isn't just another digital currency; it's the heartbeat of the SparkShare ecosystem. As users consume energy from SparkShare chargers, WTC Token flows effortlessly from one SparkShare wallet to another, facilitating smooth and transparent transactions.
20What is the cost of 1 WTC?
Through collaborative efforts and consensus-driven mechanisms, SparkShare users ensure that the price of WTC Tokens remains closely aligned with the average price of a kilowatt-hour (kWh) of electricity in the European Union. But most important what you provide from your socket is the Token you earned so only your price of aquired kWh is the price of token for you.
21How much will 1 kWh cost in WTC?
The exchange rate of WTC for consumed kW charging is not specified. Each SparkShare device owner determines independently how many WTC per kW they will require, but Sparkshare will set limits so nobody can charge too much. Of course kWh will be more expensive if location or time is more demanding.
22How do I get WTC tokens?
There are two ways: top up your wallet in the SparkShare app, or earn WTC tokens when other members charge on your charger. Every charger owner generates tokens by supplying energy – when an EV driver charges on your charger, their WTC tokens are transferred to your wallet, and you can use them to charge on other members' chargers or sell them on the internal market.
E-mobility
E-mobility glossary
- AC charging
- Slower charging with alternating current, typically at home or at work, up to 22 kW.
- DC charging
- Fast charging with direct current along motorways, from 50 kW upwards.
- Type 2
- The European standard connector for AC charging.
- Smart charging
- Managing charging power, time and users through software.
- AFIR
- The European regulation that sets a minimum network of charging stations in the member states.
- DLM
- Dynamic load management: sharing the available power of a connection between the chargers and other appliances in real time.
- V2H, V2B, V2G
- Bidirectional charging, in which the car returns energy to the home, the building or the power grid.
- Plug & Charge
- Automatic sign-in and billing as soon as the cable is plugged into the car, without an app or card.
- CE mark and declaration of conformity
- The manufacturer’s declaration that a product meets the applicable EU directives – for an EV charger the low voltage, EMC and RoHS directives – and harmonised standards such as EN 61851-1. It is the basis for the CE mark on the device.
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