Power Ledger is a unique Blockchain based energy trading platform that provides and supports an extensive collection of energy based applications. Using the platform software provided by Power Ledger, users can store and sell excess energy, significantly reducing the load that is put on the power grids. Power Ledger works to solve two problems: to decline the use of electricity and to establish an active marketplace and provide power and renewable energy in apartments and regular homes. The Main aim of power ledger is to provide everyone with clean, renewable, dependable and affordable energy.
Headquartered in Australia, Power Ledger was founded in May 2016. It was founded by Dr. Jemma Green on the chair, David Martin as the Managing Director and John Bulich as the Technical Director. Power Ledger was publicly launched as an energy trading platform based on the Blockchain technology and was trailed as the first of its kind in the country. In late 2016, power ledger started their first International establishment in New Zealand. The Company whitepaper was released in July of 2017, followed by its pre-sale and public sales on August, September, and October of 2017 respectively. During their Initial Coin Offering, they managed to raise a sum of USD 24 Million and were backed up by fifteen hundred supporters. Power Ledger also pre-mined 1,000,000,000 tokens which were distributed later for events like Public Token Generation, Power Ledger Escrow and among founders and distributors.
Power Ledger is a decentralized blockchain based platform and uses their in-house currency Known as POWR. Since the Tokens were all pre-mined, you cannot mine POWR. To use Power Ledger, you will need a Wallet and POWR tokens. POWR is an ERC-20 enabled, which means that you have many wallet options including MyEstherWallet, Ledger Nano S, Coinimi, Metamask, and Mist. You will have to exchange another cryptocurrency for POWR tokens. The interface is easy to use, and you will need POER tokens as a fuel for any and every transaction that you make in the Power Ledger economy.
Power Ledger is a decentralized, Ethereum based energy trading platform, providing limitless renewable energy for consumers from around the world.
Dual Token Platform
Power Ledger features a dual token platform: POWR Token and SPARKZ token. POWER is the primary token which is essential for functioning within the Power Ledger Platform. While SPARKZ token is converted through POWER and you can redeem those through your fiat currency.
The Autonomous Asset Management (or AA)
This is a current trading Platform through which you can share the ownership of the renewable assets and trade asset ownership. The AA can purchase and sell energy as well as distribute the income from the assets into assigned wallets.
This feature allows for a maintained supply for self-sufficient consumers of energy by automating assets through the platform and also provides a portable storage facility.
This is a data management application that manages significant data transfers, electricity measuring as well as Grid management at a granular, unprecedented rate.
Public layer-Ethereum Blockchain
The public layer provides necessary decentralized native for ERC20 tokens as well as security. Since third-party exchanges cannot be maintained or controlled by Power Ledger, the public layer comes into play if such a transaction between power ledger and a third party takes place.
Fusebox: This is a Power Ledger ecosystem application layer. For the diverse and widespread energy markets, the fuse box will provide a seamless adoption for the power ledger platform.
Power Ledger is a revolutionary platform for power grid management and solar energy creation as well as power battery storage. This means that community electricity generation, as well as wastage of electricity, are now easily handled.
Household Power benefits
In regular homes and households, power distribution can be a problem especially when there are many residents. Power Ledger provides a cost-effective energy source that not only frees the load off the electricity supply grid but also provides cheap, limitless energy in the process.
Easy access and Low Cost
Power ledger provides a low cost unlimited renewable energy to anyone, with easy access and easy to understand the economy.
You can buy POWR tokens from one of many cryptocurrency exchanges like Binance, Upbit, Huobi, Kucoin, Cryptopia, Changelly, Get.io and more. As you cannot buy POWR tokens for fiat currency, most exchanges will accept other cryptocurrencies like BTC or ETH so you will have to make an exchange with these coins for POWR tokens. You will also need a wallet, which is where your Crypto coins, as well as POWR tokens, will be stored.
Earlier in May This year, Power Ledger had launched a comer deployment in the US. By 2019, they will be launching the technology in Europe. With this, power Ledger also plans to extend their business through three continents. They have also managed to shake hands with many powerful partners, and are looking forth to expand on a global scale. As of today, the POWR token stands at a value of USD 0.162807, with a circulating supply of 409 million coins and the volume exchanged for their Tokens comes to USD 2,914,157. Their Market Cap is USD 62,957,257. Many factors cause price drops of currencies. POWR currency, for example, can be traded on many exchange sites, which means that it is available on a full scale to a lot of people. The platform is effectively functional, along with the many projects that Power Ledger is working on, the price for POWR tokens may rise.
|Genesis Date||June 03, 2017 (9 months)|
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