What is Power Ledger (POWR)? POWR . Cryptocurrency Details

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2022-01-10 22:58:18

What is Power Ledger (POWR)?

Power Ledger is an Ethereum-based platform for creating a decentralized energy market where energy token trading is democratized. The platform allows users to buy/sell energy tokens based on their need or excess energy capacity in P2P format.

The underlying blockchain serves as a transparent, verifiable, and low-friction vehicle for an energy token exchange, designed to incentivize renewable energy growth.

The platform has a dual token system, with POWR tokens acting as utility tokens and Sparkz – electricity credits tied to the local market.

Features of POWER LEDGER (POWR)

Power Ledger leverages the P2P nature of the underlying blockchain to facilitate the transfer of energy tokens, environmental commodity trading, and renewable asset ownership with transactional friction and intermediaries. minimum. Users can buy and sell excess electrical capacity through rooftop solar panels in real time using Power Ledger and are rewarded with native POWR tokens for doing so.

Three of Power Ledger’s key projects include VPP 2.0 to sell excess battery capacity, xGrid power from solar panels, and uGrid – the marketplace for commercially built solar backup capacity.

In addition to consumer surplus energy trading, Power Ledger enables the trading of environmental goods, making the exchange of renewable energy goods and credits more transparent and controllable. Such exchanges by Power Ledger include C6 and C6+.

Power Ledger has also developed a renewable asset ownership framework in which households are incentivized to purchase renewable energy sources, even if only for fractional ownership, and earn rewards based on on their green energy production. Power Ledger currently has ongoing projects in the US, Thailand, Japan, Austria, and more focused on testing and combining their platform with existing renewable energy infrastructure.

There is a limited supply of 1 billion POWR tokens, with 350 million POWR tokens being sold to the public in Q3 2017.

What is POWR Token?

POWR is the official token of the Power Ledger network. Currently, POWR is running on Ethereum’s platform under the ERC-20 standard.

POWR Token was issued through Pre – Sale and Main Sale at the end of August 2017.

Basic information about Power Ledger (POWR)

  • Ticker: POWR
  • Contract: 0x595832f8fc6bf59c85c527fec3740a1b7a361269
  • Decimal: 6
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Token type: Utility Token
  • Consensus: Proof of Work (will update when switching to PoS)
  • Total Supply: 1,000,000,000 POWR
  • Circulating Supply: 428,287,891 POWR

Token Allocation POWR

Token Sale POWR

Pre-sale took place on August 27, 2017, the project raised 17 million AUD (about 12 million USD).

The Main Sale took place from September 8, 2017 to October 6, 2017, the project raised $13.24 million. Price: 1 POWR = 0.0838 $.

Below is information about the bonus for early investors.

Token Release Schedule POWR

  • Token Sale: Tokens will be sent to customers’ Ethereum wallet addresses as soon as the token sale ends. Details about paying tokens to investors are not provided by the Dev team for security reasons.
  • Growth Pool: Tokens will be locked for 1 to 3 years before being unlocked, token locking takes place on the day of token distribution.
  • Power Ledger Escrow: Tokens will be locked for 2 years before being unlocked, token locking takes place on token distribution date.
  • Developers and Founders:Tokens will be locked for a period of 6 to 18 months before being unlocked. Token locking takes place as soon as the token sale ends.
  • Bounty Campaign:Tokens have been paid off.

What is Power Ledger (POWR) used for?

POWR Token is used for the following purposes:

  • Rewards: POWR will be used to reward components participating in the ecosystem.
  • Payment: User converts POWR to Sparkz to pay for Power Ledger’s services: buy energy, charge car battery…
  • Access: Only POWR holders are allowed to access the Power Ledger platform.
  • Contribute: Users can use POWR to donate to charities.

Power Ledger Transaction Fee (POWR)

Currently, POWR is being supported for trading on several exchanges. Therefore, when people buy and sell on the exchange, they will have to bear additional fees such as transaction fees, withdrawals, and deposits. This fee will vary from floor to floor.

POWR is also an ERC-20 token on Ethereum, so everyone who sends POWR in the Ethereum network will incur an additional Transaction Fee.

Power Ledger Storage Wallet (POWR)

POWR Token is developed on the Ethereum ERC-20 platform. So people can store on Ethereum wallets like:

In addition, people can store POWR on wallets of exchanges that allow POWR trading for convenience in trading.

Power Ledger Exchange (POWR)

POWR is being listed on many different large and small exchanges such as: Bithumb, LATOKEN, Binance, Upbit, Bittrex

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