Powerledger is a project that deserves review due to the token making it to top gainers chart on coinmarketcap. Nowadays, the cryptocurrency world is being driven by memes, shitcoins and non-functional tokens, created on several different networks and blockchains, which serve no purpose at all other than tricking users into trading those assets to create market fluctuations that are backed by no specific reason at all and are all artificially made. This mess must come to an end, and cryptoandreviews.com is here to do that.
The benefits of Powerledger are closely linked to the utility of the tokens which will be reviewed on this article.
Cronos, PancakeSwap and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
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A lot of investors have hurriedly delved into investing on a project they have little knowledge about Due to Fear Of Missing Out. So on this article, we will review Powerledger token by explaining what the coin is about, tokenomics, roadmap, ICO, staking insights of the project, listing the pros and cons, the supply and how legit/safe the token is for investment.
What is Powerledger?
Powerledger (POWR) is a technology company that builds software for distributed and decentralised energy markets for a sustainable future. It has developed a blockchain-based platform that enables the tracking and trading of energy, flexibility services and environmental commodities. Its goal is to provide the platform for a fully modernized, market-driven grid that offers consumers a choice in their energy while driving the democratization of power.
Headquartered in Australia, Powerledger has over 30 clients across 11 countries, with representatives around the globe. Powerledger operates on two blockchain layers and uses two tokens, the Powerledger (POWR) and Sparkz tokens. The platform itself uses the public Ethereum blockchain and a private consortium blockchain known as EcoChain™.
The POWR token is an ERC-20 token that acts as a licence required for businesses such as; utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy and property developers to access Powerledger’s platform. POWR is traded through the Ethereum Smart Bond exchange.
In 2015, 30 countries had reached grid parity, meaning that the price of solar-generated energy was equal to or less than the cost of local retail electricity. Powerledger combines renewable energy and blockchain technology to offer energy solutions that are cheaper and more sustainable than traditional energy alternatives.
Powerledger’s Proof-of-Stake Energy Blockchain allows Powerledger to build and scale energy projects across the globe, processing 50,000+ energy transactions per second. To be part of securing Powerledger’s Energy Blockchain, stake your POWR allowing you to be part of the renewable energy transaction and earn rewards.
Who are the founders of Powerledger?
Powerledger (POWR) was co-founded by Dr Jemma Green and John Bulich in 2016.
Dr Jemma Green is the executive chairman of Powerledger. After a decade in corporate finance in the UK, Dr Green returned home to Perth to pursue a doctorate at Curtin University in electricity market disruption, which she completed in 2017. This work turned out to be the perfect segue to founding Powerledger.
John Bulich is the technical director at Powerledger. Before co-founding Powerledger, he was a co-founder and director of Ledger Assets and a director at WA Property Investments.
What makes Powerledger unique?
Powerledger’s products include uGrid, xGrid, TraceX, Vision, Power Purchase Agreements (PPA) Vision, Mode Flex and Local Energy Market (LEM). The blockchain-based platform can be contracted separately and scaled as needed. The products are divided into three key pillars. Energy trading and traceability, flexibility trading and environmental commodities trading.
There are 485,339,139.69 POWR in supply worldwide.
Pros and Cons of Powerledger
Pros of Powerledger
- There is a surge in the market price currently
- Project whitepaper available
- There is a community
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
- Good navigational website – Powerledger
Cons of Powerledger
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Powerledger Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Powerledger have developed a problem solver but with a weak back up for the token they produce. Going through their community and roadmap about their project, their visions and aims have so far been achieved.
Is Powerledger Safe?
Being willing to invest in any token is a question entirely up to you to answer. Powerledger token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
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