(POWR) – Peer-to-Peer Energy Trading
What is POWR?
The Power Ledger Platform is a trustless, transparent, and interoperable energy trading platform that supports an ever-expanding suite of energy applications, with an exchangeable frictionless energy trading token, Sparkz. The (POWR) token is the fuel of the Power Ledger Ecosystem.
Stationary energy electricity is a critical enabler. The current electrification state of the global population is at 84%. Meaning 84% of our population has access to electricity. Advanced economies and transitional ones require access to modern energy sources to assist in their development. Access to energy within developing countries is a key factor in reducing poverty while improving health, productivity, by promoting competitiveness and economic growth. Non-Stationary energy users are driving up demand for electricity globally. In 2015 the global threshold exceeded 1 million Electric Vehicles (EV) on the road, with the total number close to 1.26 million. There were already 1.45 million EV charging points worldwide in 2015. EVs are predicted to reach price parity with combustion engine cars by 2025. Estimations for EVs are between 2 to 20 million EVs in use worldwide by 2020, with 18 to 60 million by 2025, and 22 to 140 million by 2030.
Powr has already built and implemented their P2P trading which allows consumers to trade electricity with one another and receive payment in real-time. The other apps POWR will implement are listed below:
Two-token system: POWR & Sparkz
The Power Ledger team made sure they would be able to synchronize the Ecosystem globally and create cross-market electricity compatibility, a second token, Sparkz, is used for Ecosystem transactions. Sparkz tokens are priced, issued, and redeemed in the local currency of the Platform Participant. Purchasing a sufficient amount of POWR tokens allows Application Hosts access to the Ecosystem from where they can convert their POWR tokens to Sparkz and on-board their customer base. POWR tokens are required to generate Sparkz. The Sparkz token represents the value of energy traded in the ecosystem, pegged to the lowest denomination in each jurisdiction – for example, in Australia 1 Sparkz would be equal to 1 Australian cent. Sparkz can be directly bought with fiat, allowing the average person to participate in the Power Ledger ecosystem without any understanding of cryptocurrency or blockchain.
The team at POWR has already proven it is a token and platform with very broad-use cases and that has landed them some very powerful partnerships.
POWR Team/ Advisors
The Powr team is relatively large (that’s a good thing) and the collective skill-sets amongst the team members is no joke. Bill Tai is a very well-known Angel Investor, Marc Griffiths was an Ex-Goldman Sachs developer and has worked on several proof-of-concept projects such as: Bitcoin, Ethereum, Multichain, Eris, and Power Ledger. Also, Dr Gemma Green has close ties with Richard Branson.
Website: Click to see website
Whitepaper: Click to see WhitePaper
Team: Click to see members
Roadmap:Click to see Roadmap
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