What Is Power Ledger (POWR)?
Power Ledger (POWR) is a blockchain-based platform released in May 2016 with the goal of disrupting the global energy industry by enabling local areas to sell and distribute solar power to their neighbors without the help of middlemen. It is a technology company that uses blockchain to facilitate energy and environmental commodity trading.
It is based in Australia and encourages dependable and affordable electricity. Power Ledger runs on the Ethereum network as a peer-to-peer energy exchange platform.
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In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Power Ledger combines solar power and blockchain to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.
Power Ledger operates on two blockchain layers and uses two coins, the Power Ledger (POWR) token and Sparkz, which offer different functions. The platform itself uses the public Ethereum blockchain and a private consortium blockchain known as Ecochain.
The POWR token allows application hosts and participants to use the platform itself. When a host does not have the right amount of POWR, they cannot access the platform. POWR is traded through the Ethereum Smart Bond exchange.
Who Are the Founders of Power Ledger?
Power Ledger (POWR) was co-founded by Dr. Jemma Green, Dave Martin, John Bulich and Jenni Conroy.
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Dr. Jemma Green is the executive chairman of Power Ledger and is also a board member at the Water Corporation and an advisory board member at Carbon Tracker.
Dave Martin is the managing director at Power Ledger. He is also a committee member at Sustainable Energy Now and the director of Evolution Road.
John Bulich is the technical director at Power Ledger. Before that role, he was a co-founder and director of Ledger Assets and a director at WA Property Investments.
Jenni Conroy is the company secretary at Power Ledger. She is also the managing director of Future Effect. Before these roles, she was a manager wholesale regulatory & compliance at the Synergy electricity generation and retail corporation.
What Makes Power Ledger Unique?
Power Ledger has six products: Power Port, uGrid, xGrid, C6, C6+ and Asset Germinator. All of these products provide different energy solutions through the use of the blockchain. Users can buy and sell energy on the existing electrical grid. They do this through peer-to-peer transactions.
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How Many Power Ledger (POWR) Coins Are There in Circulation?
Power Ledger’s (POWR) circulating supply is 425,498,654 POWR as of February 2021. No maximum supply data is available at the time.
How Is the Power Ledger Network Secured?
Power Ledger allows renewable energy asset owners to decide who they want to sell their energy to and at what price. Trades are conducted across a distribution network that is monitored and provides a secure revenue stream. Users can secure their POWR through a hardware wallet.
POWR is an ERC20 token that is supported by all wallets that also support Ethereum.
Where Can You Buy Power Ledger (POWR)?
If you want to buy, sell or trade Power Ledger (POWR), you can do so on the following exchanges:
- Huobi Global
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