Powerledger is a cryptocurrency-based energy trading platform. The founder built it on the Ethereum blockchain and a consortium blockchain developed by Powerledger. It enables individuals and businesses to track and exchange energy, flexibility services, and environmental commodities.
Energy trade is democratised by using the Powerledger Coin (POWR), a native currency. Users can buy/sell energy tokens in a peer-to-peer (P2P) system based on their requirements or excess energy capacity.
Dr. Jemma Green is Powerledger’s co-founder and executive chairman.
Powerledger’s future is bright since it serves a well-defined industry that justifies its applications. Currently, there is no better solution in energy distribution and the peer-to-peer energy industry than the POWR blockchain and its smart contract. So, many analysts expect Powerledger to have a prosperous future. That makes Powerledger Coin a promising cryptocurrency.
Since energy is a closely regulated sector, powerledger may not be legal or acceptable in most regions.
Powerledger raised around US$26 million in one of Australia’s first successful initial coin offerings in 2017, within a year of its foundation.
The Powerledger’s success is contingent upon the company’s democratic, cheap, and efficient energy programme. It appears to be prospering, with 23 different initiatives spread over eight nations. These updates and the price prediction algorithms appear to indicate that Powerledger is a sound long-term investment. Currently, the Powerledger coin price is $0.3017.
You may purchase a Powerledger coin via a cryptocurrency exchange such as CoinSwitch Kuber.
CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.
Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.
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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
Powerledger is a cryptocurrency-based energy trading platform.
48 Cr. POWR
63% Buy 37% Sell
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