Energy is very important for our every day activities, whether its powering a light bulb in our houses or charging our smartphones. We clearly are so dependent on energy in our life.
What is Power Ledger
Power Ledger is a decentralized peer to peer energy exchange platform which aims to allow everyone to buy and sell energy resources through their platform which is built on top of the blockchain technology.
Token sale and Distribution
The token sale was held between 8 September and 6 October at a price of 1 POWR = $0.0838. The total supply of the token 1,000,000,000 token while the available number of tokens for sale were 35% of the whole tokens. The tokens are built on the Ethereum blockchain.
Dual Token Ecosystem — Sparkz
The Power Ledger had to create a cryptocurrency to handle payments done on their platform, as cryptocurrencies tend to have high fluctuations rate and some of them have a huge transaction time. therefore Sparkz was created. Sparkz is close to Tether, for example in Europe, 1 Sparkz would be equivalent to 1 cent
Future
Looking at what Power Ledger is trying to achieve is a huge shift at how energy resources is handled.Currently, individuals can not exchange energy resources. if Power Ledger is able to accomplish it’s mission then a lot of new individuals will flow into the energy market adding more competition which should shift the energy prices to lower value.
