Power Ledger (POWR)

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Power Ledger is a p2p blockchain solution that allows participants to buy and sell generated energy in a transparent, automated environment.

Joke Name

Power Ledger = Power Token

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (POWR)

Coin or Token

Circulating Supply (388 Million)

Total Supply (1 Billion)

Market Cap Ranking

Review

Renewable energy has been a rapidly growing sector. Many governments around the world are becoming more and more environmentally aware, pushing for adaptation of renewable energy production. With over 90% of electrical needs met with renewable electricity, Germany and Norway are just a couple of countries that set the example. Power Ledger is a peer-to-peer blockchain solution that allows participants to buy and sell generated energy in a transparent, automated environment.

Crowdsale

The Power Ledger ICO sold a little over $13 000 000 worth of tokens in just under a month. It was one of the few ICOs that had a proof-of-concept ready at the time of the crowdsale, meaning that it was not just a whitepaper project.

Key Features:

  • xGrid
  • μGrid
  • Power Port

xGrid

The xGrid allows users to buy renewable electricity even if they do not have the means to produce it themselves. It provides an instant low-cost settlement in a trust-free, secure ecosystem, allowing individuals that generate more than they consume to capitalize on their excess energy. It has a low-cost payment system, perfect for any regular household, office or retailer that is connected to the electricity grid.

μGrid

The μGrid is perfect for any electricity consumers within an energy micro grid, like building or complex-owners, strata managers and shopping centres. It also aims to break the connection between energy generation and energy consumption by allowing revenue to generated from solar panels, batteries and other renewable energy assets even if the investor is not present.

Power Port

Power Port is a product oriented towards electric vehicle charging stations. It allows electric car owners to choose and pick the source of energy they want, providing an instant, convenient payment method. It also works well for charging station owners as it allows for optimal management and metering, as well as the fact that it is easily integrated with already established systems.

Problems

While the problems with the Power Ledger ecosystem itself are very negligible, few issues still stand. First off, governments with centralized energy production may want to tax peer-to-peer energy transactions, as it will severely undercut established energy prices. Also, being on the Ethereum blockchain, like many other utility tokens, the problem of scaling still stands. So far, the company has not come up with an announcement of working on their own protocol.

Conclusion:

Power Ledger is definitely one of the more well established crypto projects. The ecosystem has a very knowledgeable team with a solid background in renewable energy. The project has been named a winner in the 2018 Extreme Tech Challenge so their legitimacy is pretty much set in stone. Things definitely look good for Power Ledger and we’re certain we’ll hear more about them in the future.

Pros

  • Listed on over 10 exchanges
  • Well established
  • Knowledgeable team

Cons

  • No backing (asset, profits, commodity)
  • Tax
  • Problem of scaling