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Overview of Power Ledger
Power Ledger is the first Australian based ICO whose objective is to decentralize and create an efficient trading platform for digitalized energy assets through the Ethereum blockchain network. Power Ledger basically brings the renewable energy market place straight to POWR holders.
This way they can easily and freely trade unused renewable energy when available because special Power Ledger DApps can monitor each user’s renewable energy consumption. If excess energy is detected, then it is sold in exchange for POWR tokens which the fuel is running the Power Ledger blockchain. The amount of energy units sold is measured in Sparkz Token. Each token is fixed to say a Dollar or Euro depending on country. You first need to have POWR tokens which can then be converted to Sparkz tokens.
Power Ledger has some special applications to facilitate this smart and secure energy economy. Users can for example, take advantage of Autonomous Asset Management applications which enables trading of energy and transfer of POWR/Sparkz tokens. Moreover there is a Carbon Trading application that rides on smart contracts and comes in handy for those wishing to carbon trade. Other apps include Power ports, Electric Vehicle and Distributed Market Management.
Founders: Dr Jemma Green
Release date: November 1, 2017
ICO End date: October 6, 2017