ICO Analysis - Power Ledger

Renewable energy is a breakthrough, whose goal is for a better and more environmentally friendly course. A cost-effective platform that enables people to buy and sell their power/energy without going through the traditional electricity grid also has an interest and is experiencing rapid growth at this time.

The emergence of a peer to peer market and a decentralized platform in the energy/power market is a great help to consumers in reducing costs. And they can also freely make a process of buying and selling power freely regardless of traditional electricity consumption.

Quick overview

Power Ledger, which is an Australian startup with blockchain technology, creates a peer-to-peer renewable energy network, which is now opening its first fundraising in energy space.

The more people who create their own energy, the more people will buy and sell energy. Not only that, there will be many property owners who may use most of their roofs with solar panels. This will create a dominant energy surplus. Power Ledger emerges with the goal of creating a market where anyone can sell and buy energy to those in need - electric vehicle charging stations or even cryptocurrency mining.

What Makes Power Ledger Unique?

Power Ledger (https://tge.powerledger.io/) is already operating. This is important information you know. By 2016, they have launched the first peer-to-peer energy trading platform in Australia. This platform works by letting individual markets exchange fiat currency to Sparkz, which can be used to exchange POWR tokens later. The POWR Token is the basic unit of the ecosystem on the platform, while Sparkz is acquired and sold in practice by energy producers and buyers. Also earlier this year, they managed to reach an agreement with a major retailer in New Zealand to demonstrate the capabilities of the Power Ledger platform.

POWR/Distribution Details

In short, POWR tokens are a proof-of-stake staking coins, and rather than generating more POWR tokens, they generate Sparkz.

Growth Potential

In the future, there will be more robots than human beings. It’s not crazy to say that analyst predictions on energy consumption are even conservative, being that the rise of cryptocurrency mining doesn’t play a serious role in their calculations, but a sustained push in this direction could make it a cultural normality to get your power from a decentralized market and use some of it to mine decentralized currencies which you spend on other decentralize markets as well. Power Ledger has the right execution and great timing. Their growth potential is massive.

ICO Details

Crowdsale will be closed on 6 Oktober 2017.
Symbol: POWR
Crowdsale opened: August 23, 2017
Crowdsale closed: Oct 6, 2017
Other information
Whitepaper: https://tge.powerledger.io/media/Power-Ledger-Whitepaper-v3.pdf
Website: https://tge.powerledger.io/