Powerledger
Published in

Powerledger

POWR is now listed on Kraken

The world’s largest digital asset exchange by euro volume and liquidity, Kraken, now supports the POWR token. This Ethereum token acts as a licence required for businesses, such as energy utilities and renewable energy operators, to access Powerledger's platform.

The move by Kraken to support POWR token comes less than a year after Powerledger migrated its own blockchain platform from Ethereum to a Solana-based blockchain.

“Powerledger being traded on one of the world’s largest digital asset exchanges like Kraken, which has millions of traders and institutions around the world, is welcome news,” said Powerledger Executive Chairman and co-founder Dr Jemma Green.

Founded in 2011, Kraken is one of the first exchanges to offer spot trading with margin, regulated derivatives and index services. Kraken is trusted by well over 8 million traders and institutions around the world.

Kraken is backed by investors including Tribe Capital, Hummingbird Ventures, Blockchain Capital and Digital Currency Group, among others.

POWR, which is traded through the Ethereum Smart Bond exchange, is an ERC-20 token that facilitates the Powerledger platform — an operating system for new energy markets that enable peer-to-peer energy trading. The POWR token is required to participate in the Powerledger platform and helps secure its various products, including energy trading, clean energy tracking, and verification.

It acts as a licence required for businesses such as energy utilities, companies committed to 100% renewable energy, and property developers to access Powerledger’s platform.

POWR token acts as a derivative for the underlying renewable energy supply on the Powerledger ecosystem.

Powerledger is a technology company that develops software for distributed and decentralised energy markets. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities.

Funding is already live, and trading will begin on March 29 at approximately 15:30 UTC.

--

--

--

Powerledger is an Australian technology company that has developed a world-first blockchain enabled renewable energy trading platform, that is now available in more than nine countries, across four continents, enabling customers to access and trade cheaper, cleaner electricity.

Recommended from Medium

An Introduction to Blockchain

How Blockchain Is Simplifying Pharmaceutical Track And Trace

Partnering with Enjin Coin to launch Containment Corps into an exciting new realm.

Humanscape’s Past, Present, and Future

HDAO’s IDO Project

Update #8: gaming product demo, metaverse hiring and dCommerce training

Encode Filecoin Club: Building with Filecoin [Video + Slides]

Ethermon Introduces New Mons Catchable on Matic Polygon Layer 2

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Powerledger

Powerledger

World-first blockchain enabled energy trading platform. See more at https://powerledger.io/

More from Medium

Seven frequent blunders made by cryptocurrency traders and investors

Seven frequent blunders made by cryptocurrency traders and investors

What do you need to know about TDS on crypto?

The African Cryptocurrency Market Worth

What Exactly Is Blockchain?