POWR

Power Ledger

#Energy
#Binance BUSD

0.24517+7.16%
24h Trading Volume:$35.36M
Market Cap:$136.54MRank #326
Circulating Supply:556.91M

0.011%

Market Dominance

55.69%

Flow Rate

20.7%

Turnover Rate

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Overview
Market Data

Market Cap:$136.54M
Issue Price:$0.0838
Issue Number:1B
Core Algorithms:--
Offering Date:2017-11-17
Circulating Supply:556.91M

Intro

Power Ledger (POWR) is an Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets around the globe and is meant to be scalable to various energy infrastructures and regulations. The market is based on a dual-token ecosystem operating on two blockchain layers, POWR and Sparkz. POWR tokens allow consumers and hosts providing energy to interface with the ecosystem and are protected through Smart Bond technology. POWR tokens can be converted into Sparkz tokens, which can be used for frictionless transactions in the energy exchange market. The initial coin offering for POWR tokens became the largest crowd funding project in Australia and the 14th highest in the world.

Power Ledger’s team has immense expertise in both blockchain and electricity markets. They’re comprised of six Board of Directors in addition to over ten full time-team members. Power Leger’s five co-founders make up five of the six Board of Director seats of the company. The sixth board seat belongs to venture capitalist Bill Tai. Receiving his MBA from Harvard, Yai is a world-renowned venture capitalist. Tai’s experience is quite extensive; he is currently the Chairman of Treasure Data and also a Board Member of Bitfury and Boxer.

Power Ledger’s POWR Presale sold out in just three days and raised over thirteen million dollars (AUD) in exchange for 190,000,000 tokens. After the presale, Power Ledger held an ICO to sell the remaining 160,000,000 POWR tokens allocated to Token Generation Event. After both rounds, funds raised totaled thirty-four million dollars (AUD). In addition to money raised from its presale and ICO, the Australian Government also awarded Power ledger a grant for 8 million dollars (AUD) to develop its technology and concept further. (Australia has one of the highest costs of electricity in the world and thus has a large stake in the overall success the company).

Power Ledger provides a blockchain-based marketplace that can truly change the world. Taking power away from large energy companies, Power Ledger gives local communities the ability to sell their excess solar power to neighbors. Power Ledger has created an energy distribution and tracking platform that allows consumers buy carbonless, sustainable energy at lower prices than what’s offered by traditional electric companies. Power Ledger has plans to expand its operations to three continents worldwide and has amassed an army of powerful strategic partners to help achieve its goals. With the planned release of multiple applications for its platform in the immediate future, the project has positioned itself to disrupt multiple energy markets throughout the world creating a bright future for all participants involved in this green revolution.

Token Distribution

Crowdfunding 35%; Team 15%; Reserve 25%; Others 25%;

	Coin	Price	24h Change	24h Turnover
1	POWR/USDT Binance	$0.2455	7.16%	$5.76M
2	POWR/USDT Binance Swap	$0.2456	7.25%	$21.62M
3	POWR/USDT Gate	$0.2446	7.61%	$137.94K
4	POWR/USDT Huobi	$0.2454	1.61%	$739.81K
5	POWR/BTC Binance	$0.00000285	-1.04%	$1.65
6	POWR/BTC Gate	$0.000002861	-0.59%	$0.019
7	POWR/ETH Binance	$0.0000744	2.9%	$17.58
8	POWR/ETH Gate	$0.0000756	3.84%	$0.33

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What is Powerledger (POWR)?

Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully modernized, market-driven grid that offers consumers a choice in their energy while driving the democratization of power.

Headquartered in Australia, Powerledger has over 30 clients across 11 countries, with representatives around the globe. Powerledger operates on two blockchain layers and uses two tokens, the Powerledger (POWR) and Sparkz tokens. The platform itself uses the public Ethereum blockchain and a private consortium blockchain known as EcoChain™.

The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform. POWR is traded through the Ethereum Smart Bond exchange.

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. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.

POWR staking

Powerledger’s Proof-of-Stake Energy Blockchain allows Powerledger to build and scale energy projects across the globe, processing 50,000+ energy transactions per second. To be part of securing Powerledger’s Energy Blockchain, stake your POWR allowing you to be part of the renewable energy transaction and earn rewards.

Who are the founders of Powerledger?

Powerledger (POWR) was co-founded by Dr Jemma Green and John Bulich in 2016.

Dr Jemma Green is the executive chairman of Powerledger. After a decade in corporate finance in the UK, Dr Green returned home to Perth to pursue a doctorate at Curtin University in electricity market disruption, which she completed in 2017. This work turned out to be the perfect segue to founding Powerledger.

John Bulich is the technical director at Powerledger. Before co-founding Powerledger, he was a co-founder and director of Ledger Assets and a director at WA Property Investments.

What makes Powerledger unique?

Powerledger’s products include uGrid, xGrid, TraceX, Vision, Power Purchase Agreements (PPA) Vision, Mode Flex and Local Energy Market (LEM). The blockchain-based platform can be contracted separately and scaled as needed. The products are divided into three key pillars. Energy trading and traceability, flexibility trading and environmental commodities trading.

**Energy trading and traceability.** Track and trade features help you stay on top of the provenance and flow of energy. It can give consumers choice over the energy they're using and facilitate peer to peer (P2P) trading. Solar P2P energy trading can deal with excess solar in the grid without subsidy.

**Flexibility trading.** MODE or Marketplace for Optimisation of Distributed Energy, is a marketplace, which enables Distributed Energy Resource (DER) owners and flexible loads to provide grid services to monetise their assets.

**Environmental commodities trading.** The technology is being used to ensure the trading of environmental commodities such as renewable energy certificates and carbon credits, are more transparent, secure, and efficient.

Learn more about what the [ERC-20 token] is.

Learn more about [ERC-20 tokens].

Learn about hot wallets and cold wallets on [CMC Alexandria].

Keep yourself up to date on all of the latest crypto developments on the [CoinMarketCap blog].

How Many Powerledger (POWR) Coins Are There in Circulation?

Power Ledger’s (POWR) circulating supply is 425,498,654 POWR as of February 2021. With a maximum supply of 1,000,000,000 POWR.

How Is the Powerledger Network Secured?

Powerledger 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.

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