What is Powerledger (POWR)? Everything you need to know about the Powerledger project and the POWR token

• General Powerledger Overview (POWR)
• What is Powerledger (POWR)?
• Problems that Powerledger needs to solve
• Powerledger's mechanism of action
• Featured products of Powerledger
• The process of buying and selling energy on Powerledger
• Powerledger developers, investors and partners
• Powerledger project development roadmap
• General overview of the POWR . token
• Basic information of POWR . token
• What is the POWR token used for?
• Allocate POWR . tokens
• POWR . token payment schedule
• Where to buy, sell and store POWR tokens?
• The future of Powerledger project, should invest in POWR token or not?
• summary

In today's energy trading, there are many problems and inadequacies occurring. A project was born with the aim of contributing to solving those inadequacies. This project is called Powerledger, widely known in Australia and some other countries such as Japan, USA, Thailand... However, in Vietnam, this is still not a familiar name to investors. So what is Powerledger? This article by TraderH4 will clarify this question as well as provide more details about the project's POWR token.

General overview of Powerledger (POWR)

What is Powerledger (POWR)?

Powerledger (also known as POWR) is a project that allows the exchange of renewable energy sources between local regions and neighboring countries without the need for intermediaries. Convertible energies include solar and wind energy. This project owns decentralized applications and is built on the Ethereum platform.

Problems that Powerledger needs to solve

Powerledger has the task of solving two main shortcomings in the energy exchange of traditional companies:

• These companies own a monopoly market, so they are allowed to charge prices to consumers. Therefore, the purchase price of energy from these companies is very high.
• These companies buy back users' energy at very low prices.

Therefore, the birth of the Powerledger project has a great meaning to solve the above problems, improve the rights of users and reduce the cost of buying energy somewhat.

Powerledger's mechanism of action 

The working mechanism of the Powerledger platform consists of two blockchain layers, Ethereum (public blockchain layer) and Ecochain (private blockchain layer). Corresponding to these two blockchain layers, the Powerledger platform uses two main tokens, the POWR token and the Sparkz token.

Featured products of Powerledger

The 5 most prominent products of the Powerledger platform, including:

• xGrid: The system that supports the exchange and purchase of solar energy between households and businesses.
• uGrid: An energy exchange system through a microgrid.
• Power Port: This platform provides users with transparent vehicle charging power.
• C6 & C6+: This product supports users to track and authenticate credit transactions.
• Asset Germination: This product holds the role of allowing users to buy, sell and exchange excess energy.
• VPP 2.0: Helps energy companies to buy back excess energy from users.

The process of buying and selling energy on Powerledger

• For energy sellers: Users will resell their excess energy to others at a good price and get Sparkz back. Then you can convert those Sparkz to other fiat currencies like USD, AUD…
• For Buyers: Users need to buy POWR tokens on exchanges and make the conversion to Sparkz tokens. These Sparkz tokens will be used for the purchase of energies. This purchased energy can also be resold when the user no longer needs it.

Powerledger developers, investors and partners

Development team

The development team of the Powerledger project are people with high expertise in the energy market such as:

• President and Co-Founder – Dr. Jemma Green: Jemma is responsible for strategic decision making and risk management for the project. She has experience in fields such as finance and investment banking.
• COO and Co-Founder – David Martin: He has 20 years of experience in the power industry and has run two state-owned power companies. In addition, he has 6 years of experience as a senior expert in the energy industry.
• Advisor to the Board of Directors – Bill Tai: He is considered a world-renowned influential venture capitalist. Bill owns an MBA - an extremely valuable degree from Harvard University. Additionally, he is a member of Bitfury, Boxer and the president of Treasure Data.

Investors and partners

Powerledger project received the support and cooperation of many investors and partners such as: Clearway Energy Group and Sharing Energy. Besides, there are solar energy suppliers from many countries such as Japan, USA, Austria, Thailand and Australia.

Powerledger project development roadmap

• August 11, 2016: Dr Jemma Green started the Powerledger project in Australia.
• End of 2017: Testing the first applications before the Powerledger platform officially goes live.
• Late 2018: Beta of Autonomous Asset Management and Carbon Trading apps tested.
• Mid-2019: Construction of energy storage stations with the aim of expanding Powerledger's operations. The end applications of the system are tested.

Overview of the POWR . token

What is POWR token?

• Code: POWR
• Address: 0x595832…7a361269
• Blockchain: Ethereum
• Token Standard: ERC-20
• Token Type: Utility Token
• Consensus Mechanism: Proof of Work (will be updated when switching to Proof of Stake )
• Total supply: 1,000,000,000 POWR . tokens
• Circulating Supply: 428,287,891 POWR . tokens

What is the POWR token used for?

Token POWR is the official token of Powerledger project and was released in August 2017 in the form of private sale and public sale. The POWR token is used for the following Powerledger activities:

• Payout: Pay rewards to participants and contributors to the Powerledger ecosystem.
• Payment: POWR tokens will be converted to Sparkz tokens. Token Sparkz will pay fees for energy trading services.
• Granting access: Users need to own POWR tokens to be granted access to the Powerledger platform.
• Donations: Tokens can be donated to charities.

Allocate POWR . tokens

The total supply of POWR tokens is distributed proportionally as follows:

• Token Sale: 35%
• Growth group: 24.85%
• Margin: 25%
• Developed and established team: 15%
• Bounty campaign: 0.15%

POWR . token payment schedule

POWR tokens will be paid according to the following schedule:

• Token Sale: Will be sent to the buyer's storage wallet after the token sale event ends. For security reasons, the issuer of the POWR token will not provide details on the payment of the token to the buyer.
• Growth team tokens: These tokens will be locked for 1 to 3 years, starting from the token distribution date.
• Escrow Token: This token will be locked for 2 years, starting from the token distribution date.
• Token of the development team and issuer: This token will be locked for 6 to 18 months and start after the token sale event ends.
• Tokens for bounty campaign: This token has been paid off.

Where to buy, sell and store POWR tokens?

POWR . token exchange

Currently, investors can trade POWR tokens on many listed exchanges such as Binance, LATOKEN, Bithumb, Bittrex, Upbit, etc.

POWR . token storage wallet

Since the POWR token meets the ERC-20 standard of the Ethereum platform, you can store this token in many Ethereum-enabled wallets such as:

• Web wallets: MyCrypto, MetaMask, MyEtherWallet…
• Hardware wallets: Trezor, Ledger Nano S…
• Phone wallets: Trust Wallet, Atomic Wallet, imToken…

In addition, you can choose to store POWR tokens directly on exchange wallets to facilitate regular trading.

The future of Powerledger project, should invest in POWR token or not?

Token POWR is the main token of the project and plays an essential role in the system. Therefore, the future of the project greatly affects the price of the POWR token.

It can be seen that this project has great practicality, is widely applied in life and makes an important contribution to electricity trading. The project team are all well-known names in the energy industry. In addition, the products of the project are carefully invested and perfected. Therefore, this project has a very potential and sustainable future.

However, the development roadmap of the project has not been fully updated about future directions. This is probably a point to consider about the project. The reason is because, each project has certain risks, so any investor needs to consider and learn carefully about the project before deciding to invest.

summary

So the article has summarized the basic information about the Powerledger project as well as the problems the project solves, outstanding products, energy trading process, development roadmap... Hope that information. helped you answer the question "What is Powerledger?". At the same time, the article also helped readers learn more information about the POWR token of this project. Such information will help readers in deciding whether to invest in the project as well as its POWR token.

Hope you can make an investment decision soon. See you again readers in the next articles of TraderH4!

Website | Whitepaper | Facebook | Twitter | LinkedIn | Instagram