Trade POWR - POWR Markets, Exchanges, Broker
Trade surplus electricity peer-to-peer - and decide for yourself when, with whom and at what price? "The Democratization of Power" - this was the credo with which Power Ledger launched 2016 in Perth, Australia, under the leadership of Dr Jemma Green. The startup developed a blockchain-based peer-to-peer energy trading platform, which went live in July 2017 and launched a new star in the token sky - POWR.
In the same month, Jemma Power presented Ledger's exciting and ambitious roadmap to the Blockchain Summit on Richard Branson's Necker Island. With Electric Vehicle Trading, Autonomous Asset Management, Carbon Trading, Transmission Exchange and Wholesale Market Settlement, a whole suite of innovative products for the energy sector will be created.
Power Ledger's whitepaper begins with a commitment
Power Ledger brings the concept of asset germination into play here. It enables POWR token owners to acquire shares in renewable energy assets - such as solar, wind or battery farms - and to receive proceeds in return according to their shares held, or to sell POWR at any time via the platform.
Power Ledger chose a clever dual architecture with a second Token Sparkz to decouple energy prices from POWR price changes, flexibly scale the entire ecosystem and adapt it to the respective regulatory conditions.
Power Ledgler Functionality
POWR (as protocol token) is the fuel for the Power Ledger Ecosystem. POWR enables access to the platform and its applications (e.g. purchase of energy by Sparkz or acquisition of shares in energy assets) and provides incentives for consumers and producers to adapt the system extensively through its design.
Sparkz (as transaction tokens) represent the value of the traded energy, which is priced in the respective local currency (e.g. 1 Sparkz = 0.01 AUD). The exchange rate Sparkz / POWR will depend on the fluctuation of the POWR as well as on the feedback and reputation of the so-called application hosts (utilities, landlords or autonomous energy assets).
The implementation of the system began on EcoChain, Power Ledger's private proof-of-stake blockchain for the energy industry. Meanwhile, Power Ledger also runs on Ethereum - with a public and a consortium-based toll-free blockchain. Power Ledger wants to switch to Proof of Stake as soon as Casper is stable.
To maintain and trade POWR, an Ethereum ERC20 compatible wallet is required, such as MyEtherWallet, MetaMask or Mist.
POWR can be traded at various exchanges against BTC, ETH and other crypto currencies. Bittrex, Binance and Cryptopia currently have the largest volumes. The price for 1 POWR is AUD 0.8859 and 0.559 Euro on November 28.
POWR currently has a market capitalisation of around EUR 200 million. There is a total of 1 billion POWR, with the top 100 POWR token owners together holding around 86% of all tokens.
The Power Ledger team stands out for its immense experience and remarkable vision in the energy market. It's about the greatest opportunity to redesign energy systems and far more than just disrupting existing value chains with new technologies. This is where blockchain, data science and innovative energy storage systems meet and call for contemporary business models and new forms of collaboration and clean air and fresh wind.
Power Ledger relies on Partners
Origin Energy as Australia's largest energy supplier, whose customers can already trade their excess capacity through the platform. Or Tech Mahindra India in projects to use micro grids to complement or replace central suppliers.
In autumn 2017 PowerLedger was able to collect AUD 34 million investors within a very short time and make history with the first Initial Coin Offering of an Australian company. This ICO is likely to play an important role in the Australian Securities & Investment Commission's efforts to create an optimal innovation-promoting legal framework for this type of financing.
In November 2017, AUD 8 million budget was awarded to a joint project of the City of Freemantle, Curtin University, Murdoch University, Curtin Institute of Computation, LandCorp, CSIRO/Data61, CISCO, Power Ledger and the Australian Government under the Smart Cities and Suburbs programme.
Among other things, the project will investigate how cities can use blockchain and data analytics to better integrate distributed power and water systems. It is also supported by Australian Energy Market Operator (AEMO), Western Power and CRCLCL (Cooperative Research Centres for Low Carbon Living).