Home cryptocurrency What is Power Ledger?

What is Power Ledger?

0

What is Power Ledger?

Power Ledger is a great blockchain project from Australia that allows individuals and business to sell their energy without any intermediary. This is another good trading platform that is formulated on blockchain technology. If you are planning on investing in Power Ledger (Powr), you might want to read this article and the possibilities of investment.

What is Power Ledger?

Power Ledger this is a peer to peer exchange of energy that allows both consumers and businesses to sell their excess solar energy to investors without any intermediary. By means of the Power Ledger platform, both the consumption and generation of excess energy are maintained. The system is automatic, the costs and payments of the energy are used based on the agreement made with Blockchain.

 Social media channels

Power Ledger Platform is on all social media channels to monitor their progress and the prospect of the project. You could also hold a discussion on the Telegram group of Power Ledger by asking the other prospective investor about the project.

 The purpose of the currency

The goal of Power Ledger is to allow energy to be tradable between the users and the companies. There won’t be an intermediary involved in this process of trading, with the energy company. The idea came into limelight because the individuals with apartments don’t have the opportunity to use sustainable energy and the blockchain initiative made it possible for everyone to purchase sustainable energy.

 Who is behind Power Ledger?

The team of Power Ledger is head by Dr. Jemma Green. She is an investor in the banking sector and also involved in research at the Curtin University Sustainability Policy Institute. The project is executed by expert and professionals in the industry.

What is Power Ledger?
Blockchain Innovation for Green Business event in Paris

These are blockchain experts, software developers, and the professionals who have a wide range of experience in green energy. The aim of the developers is to allow an easy switch from the traditional energy to green energy as much as possible with less ambiguity and less intermediary. The power ledger developers have set group a team to give the necessary guidance and knowledge about the project.

Which wallets support Power Ledger?

Are you thinking of the best way to keep your investment safe? Then it’s best to store it in your own wallet. Below are few of the recommended wallets to keep your cryptocurrency:

The Ledger Nano S is used for Ethereum token most of the times. Pwr is an Ethereum token which qualifies it to be stored in a Ledger Nano S. This hardware wallet allows you to protect your investment in the safest way.

MyEtherWallet is a popular web-based wallet that is used to store Ethereum tokens. All you need to do is to visit the myetherwallet.com and created an account to store your token. This will provide you with a file in which to keep your token safe with a password. You are advised to keep this password and file safe, as this is the only means to access your wallet at any time. MyEtherwallet can also be combined effectively with your Ledger Nano S.

  • Make Use of the desktop wallet Mist

Mist is another popular Ethereum blockchain wallet. This wallet support ERC20 tokens like Powr. But you should be aware that storing your coin in desktop wallets comes with its own risks. This is because hackers can easily hack your account; which is why you need to take extra precaution and protection to protect your account from intruders

How to Buy Power Ledger

Power Ledger is currently under the spotlight because most investors can see we are gravitating toward renewable energy consumptions. That will require the use of Powr for the energy transaction between companies and consumers. Below is the various option of purchasing Powr.

  • Exchanges

The Powr token can be gotten in various exchanges. If you study the principle of demand and supply you will notice this is a coin to buy at this time. Listed below are the various exchanges to get buy power ledger:

  1. Binance is one of the most reliable and popular exchanges for most cryptocurrency and trading
  2. Kucoin is another good exchange for most cryptocurrency investments.
  3. Bittrex is rated the largest exchange for cryptocurrencies.

Exchange against other cryptocurrencies

Do you have other cryptocurrency and considering exchanging it for Powr? Then you can easily do that on the few of the exchanges explained above. But you can also use Changelly, which is another reputable online exchange. You state how much Powr you intent buying and then the exchange rate will be displayed for you. It is also possible at Changelly to buy Powr with your credit card. You can also use your credit card to buy it instead of using another coin.

Buy directly

At this point in time, it’s not possible to buy Powr directly in another way. You will need to buy Ethereum or Bitcoin. Then you will have to transfer the Bitcoin or Ethereum bought to your exchange account that trade Power Ledger.

LEAVE A REPLY

Please enter your comment!
Please enter your name here