POWER LEDGER ICO REVIEW

BrewCha
BrewCha
Aug 25, 2017 · 3 min read

Introduction

Power ledger is a peer to peer energy trading platform which integrates with existing electricity system. This may seem way ahead of its time but once you consider the energy landscape in Australia it definitely fills a void.

Australia has the highest adoption of solar systems among households in the world. A 1 kilowatt solar panel would generate 4.2 kwh in Australia compared to 3 kwh in Europe. Government rebates for adoption of solar systems was also a major factor towards adoption. Although rebates are no longer present adoption seems to have gone up in subsequent years due to lower cost of solar panels.

The Product

Power ledger allows renewable energy owners to sell their surplus energy at competitive prices to others. It uses Ecochain blockchain to make the process transparent, auditable and scalable. The Echochain was developed for the power sector and uses a delegated proof of stake blockchain updating trades every 5 minutes. The delegated proof of stake mechanism differs from traditional proof of work mining and is a energy efficient approach to mining.

The wide scale presence of smart meters across Australia would also facilitate in adoption as these meters would let individual consumers put their electricity back into the grid during the day eliminating the need for storing it. It is also has been compulsory to have smart meters in cities such as Melbourne for several years.

The Team

Power ledger token

POWR tokens would be issued during the token sale. POWR tokens allow the hosts and consumers to gain access to the P2P trading features and other Power Ledger applications.

Sparkz tokens would be equal to the local currency of the country. In Australia 1 Sparkz = 1 cent AUD

POWR tokens are required to generate Sparkz. Sparkz is a local market level token and is priced at currency of the country they are deployed in. This helps facilitate easy transaction among parties.

A project run by power ledger in cooperation with the Australian government & a large DSO.

Power ledger has used Australia as its base for a much larger vision of global peer to peer energy trading. The PWR token can be the global standard for energy trading.

Presale

August 27th 6:00 UTC time

100 million PWR tokens at 8.8 cents each

For Information on token sale

https://tge.powerledger.io/#papers

Find Powerledger on Facebook

https://www.facebook.com/powerledger/

Find Powerledger on Twitter

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