Power Ledger Coin is the native token of the Australia-based Power Ledger platform, which aims to build a world where electricity is reliable, affordable, and clean for everyone. Supported by contracts on the Ethereum network, this peer-to-peer energy exchange platform democratizes energy trading with transparent systems that allow individuals and communities to choose the source of their power.
In the dual token model, POWR is the utility token that users deposit to access the platform. Sparkz represents electricity credits tied to local traditional currencies for market participants. Both are used to create an economy where households producing electricity can transact with neighbors for a fair return.
What is Power Ledger (POWR)?
Power Ledger (POWR) is a rapidly growing technology company that uses Blockchain technology to facilitate the trade of electricity and environmental commodities.
According to the platform’s statements, research shows that a completely modernized market-oriented grid could solve all electricity problems and allow the choice of desired energy. Power Ledger’s mission is to provide a platform for this market and democratize power in the process.
Power Ledger lists its own features as follows:
- Passionate, inclusive, and innovative
- Focused on strategy, business goals, and the need for success
- Accepting weaknesses and limits to build trust
- Welcoming healthy disagreements and discussions instead of fearing them
- Supporting each other to earn the loyalty of all staff
- Meticulous in managing and reducing risks
In addition, Power Ledger aims to achieve global brand recognition as a leader in energy, carbon, and blockchain. Being a leader in technology innovation from markets and user perspectives is also among their goals, with active deployments in every major region including the USA, Europe, India, North and South Asia, and Australia.
Moreover, Power Ledger’s Blockchain-based platform uses two digital tokens to synchronize transactions and energy payments on a global scale. This dual token model ensures consistency on the Power Ledger platform worldwide, as POWR and Sparkz make all energy markets operate the same way globally.
On the other hand, business partners and customers who want to use environmental commodity products also need POWR to access and use Power Ledger technology.
POWR Coin Review
The platform behind POWR Coin, Power Ledger, draws user interest as it touches on an important issue for the world. Furthermore, the project being supported by both Blockchain technology and a cryptocurrency is another notable feature.
However, investors seem to approach Power Ledger coin with caution. Recently, there has been an increase in POWR coin’s performance chart. It would be beneficial to look at the current figures of POWR coin for better assessment of investor comments and accurate interpretation of charts.
According to CoinMarketCap data, at the time of writing, Power Ledger (POWR) is trading at $0.0871, and in the POWR/BTC pair, it is trading at 0.00000538 BTC. It is also shared that there are currently 423,992,467 POWR coins in circulation, with a total of 999,506,123 POWR tokens to be reached.
Additionally, it is worth noting that Power Ledger coin, which peaked at $2.01 on January 4, 2018, saw its lowest level at $0.0318 on March 13, 2020.
How to Buy Power Ledger Coin?
Power Ledger Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
POWR/BTC and POWR/ETH trading pairs started listing on Binance on November 1, 2017. Approximately 2 months after listing, the token’s record-breaking performance was observed.
