It is a blockchain-based technology firm that facilitates the trade of energy and environmental commodities.
Powerledger has increased by 7.85 percent in the previous 24 hours. With a live market cap of $193,505,731 USD, the current CoinMarketCap ranking is #281. It has a maximum circulation number of 457,585,997 POWR tokens.
About Powerledger [POWR]
Power Ledger (POWR) is a blockchain-based platform that was launched in May 2016 with the objective of disrupting the global energy sector by allowing local communities to sell and distribute solar power to their neighbors without the assistance of intermediaries.
The consumers will be able to use their POWR coin to buy electricity as quickly as an application server is allowed to open-source that service where you live. However, the POWR token’s primary purpose is to permit Application Hosts authorization to access the Power Ledger platform and acquire a pool of Sparkz to start facilitating energy trading between manufacturers and purchasers.
The POWR token enables program hosts and consumers to access the network. When a host lacks the necessary POWR, they are unable to access the platform. POWR is available to buy on the Ethereum Smart Bond marketplace.
What is Powerledger [POWR]?
It is situated in Australia and promotes stable and inexpensive power. Powered by the Ethereum network, Power Ledger is a system for peer-to-peer energy markets.
Power Ledger runs on two blockchain levels and employs two currencies, the Power Ledger (POWR) token and Sparkz, each of which has a distinct purpose.
The platform relies on the Ethereum blockchain network as well as the Ecochain proprietary consensus protocol.
Who Are the Founders of Powerledger [POWR]?
Whereas the technical director of Power Ledger is John Bulich,
Jenni Conroy is Power Ledger’s corporate secretary. Due to the effective coordination and teamwork of all these founders and members, PowerLedger has gained sustainable success in the eyes of shareholders and investors.
What Makes Powerledger [POWR] Unique?
Power Port, uGrid, xGrid, C6, C6+, and Asset Germinator are the six products offered by Power Ledger. Through the usage of the network, all of these products supply diverse energy alternatives.
Customers can purchase and sell energy on the current electrical infrastructure. This is accomplished through peer-to-peer trading.
Where Can You Buy Powerledger [POWR]?
The protocol’s indigenous coin is available for purchase on major cryptocurrency exchanges. On platforms like Binance, OKEx, MXC, Bilaxy, and Uniswap, GHST is matched with other tokens.
Binance pairs it with Ethereum (ETH) and Binance USD (BUSD), whereas MXC connects it with Tether (USDT) (USDT). Uniswap, on the other side, combines GHST with WETH.
Frequently Asked Questions About Powerledger [POWR]
How Many Powerledger POWR Coins Are In Circulation Currently?
The circulating supply of Power Ledger (POWR) as of February 2021 is 425,498,654 POWR. Though there is no maximum supply data available, currently.
What Security Measures Does the Powerledger POWR Take?
Power Ledger enables sustainable energy asset owners to choose whoever they want to sell their power to and at what cost. Trades are performed through a distribution network that is monitored and offers a secure income source. Clients may protect their POWR using a hardware wallet.
On What Factors Does The Price Of The Powerledger POWR Depend?
Exchange inflows and outflows, paramount and technical differences, the news cycle, and the overall economic climate are all interlinked variables that impact PPT’s price and market cap.
Conclusion
After the sheer appraisal in the field of trading which is around 100% in just a matter of a certain countable transitional month, cryptocurrencies have suffered an intense depreciation due to their uncertain market nature.
Therefore, it’s wide enough to quote that Powerledger POWR tokens have been upgraded to a new all-time high translation volume of almost $0.429 U.S Dollars per token.
In a nutshell, Powerledger POWR has blessed online traders to enjoy trading luxuries globally with the provision of ease through its secure, diverse, and viable transactional policies.
Powerledger POWR Official Website –https://powerledger.io/
Powerledger POWR Twitter –https://twitter.com/powerledger_io
Powerledger POWR Medium –https://medium.com/power-ledger
Powerledger POWR Reddit –https://reddit.com/r/powerledger
