How does it work if the power generated from solar panels in your area even your house can be traded?
Impressive is not it? Besides reducing your dependence on electricity consumption from the government or local institution is it not more profitable if you can produce and use the power generated from your own solar panels?
Yes .. Power Ledger is a solution that provides such services. You can freely sell and buy energy to neighbors or others.
Power Ledger (https://tge.powerledger.io/) is an Australian-based company that now introduces peer to peer versions that will essentially facilitate solar-powered homes and businesses in buying energy from solar panels in their homes to neighbors/others. Power ledger will remove the role of intermediary/third party and reduce the cost of intermediaries.
Power Ledger plans to sell its "power token" valued at 8.8 US cents per token.
From the results of the research and the RenewEconomy report, it is expected that there will be an increase in the next few years about solar power capacity in Australia because in every resident's home there is now incessantly investing and installing solar panels on the roof to reduce the cost of electricity bills.
Therefore Power Ledger comes up with its Blockchain idea to overcome the gap and create a decentralized system that will facilitate the process of buying and selling energy without an intermediary.
Power Ledger itself sees there is a great interest in the cryptocurrency community as well as electrical companies about similar solutions.
Benefits of Power Ledger Token
By purchasing Power tokens, consumers can contribute to the energy ecosystem in the Power Ledger blockchain and automatically increase the solar panel energy trade in Australia.
Token Power is based on the Ethereum blockchain platform as the ERC20 token and will be converted to SPARKZ, which we can later use to purchase the units of electrical units.
SPARKZ token is like a local currency in that country. In Australia 1 Sparkz = 1 cent AUD.
Power token is needed to produce Sparkz. Sparkz is a token level of the local market and is priced with the currency of the country where they are placed. Sparkz is helpful in facilitating a transaction between parties to make it easier and safer.
Crowdsale will be closed on 6 Oktober 2017.
ICO Description
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/