Hello Steemians!
Today’s post is about an exciting new Masternode project called PowerSwitch (Ticker name: PWS). This project supports a great real life use case that will improve the lives of people – and have a positive impact on your wallet!
Powerswitch is developing a smart plug that will attach to the utility meter in your home. This plug will monitor your energy consumption, and will use computer intelligence to switch to the most economic energy provider at the time. All of this information will be stored on the PWS blockchain. When the time comes to pay your bills, you will be able to pay via PWS! Not only will PowerSwitch save you money on your utility bill, but Masternode owners of PWS will generate a passive income!
The PowerSwitch team is also developing a mobile app, in which users will be able to monitor their energy usage, check which provider they are currently using, pay bills via PWS and make other transactions.
The PWS token itself will have a maximum supply of 100,000,000. This may seem high, but max supply will not be reached for over 20 years. Here is a breakdown of the block rewards:
It features a 1 minute block time, a 24 hour minimum stake age, and a very low premine of 2%. The collateral for a masternode is 5000 PWS. Here is a breakdown of the premine usage:
In conclusion, the PWS project has great potential for mass adoption as it will not only save customers money through optimizing energy prices, it will also provide a source of passive income for investors. According to the PWS roadmap, users will be able to install these smart plugs and begin saving money in Q2 2019.
Always do your own research before making any investment
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For more information about PowerSwitch:
Website: https://www.powerswitch.me
Discord: https://discord.gg/nPyagnN
Whitepaper: https://www.powerswitch.me/upload/whitepaper.pdf