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Powerledger

POWR

Price
$0.15
12/3/2022, 3:35:52 PM
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Market

Market stats

Market cap

$73.8M

Volume (24h)

$2.5M

Circulating supply

485.3M POWR

Typical hold time

1 day

Trading activity

Not enough data

Popularity

#110

All time high

$2.01

Price change (1h)

-0.04%

Price change (24h)

+0.98%

Price change (7d)

-0.46%

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Powerledger is on the decline this week.

The price of Powerledger has fallen by 0.46% in the past 7 days. The price increased by 0.98% in the last 24 hours. In just the past hour, the price shrunk by 0.04%. The current price is $0.15 per POWR. Powerledger is 92.43% below the all time high of $2.01.

The current circulating supply is 485,339,139.689 POWR.

About

POWR is an Ethereum token that powers the Powerledger platform, which aims to enable peer-to-peer energy trading. POWR is required to participate in Powerledger and helps secure its various products, including energy trading, clean energy tracking, and verification.

What Is Power Ledger (POWR)?

Power Ledger (POWR) is a technology and software company that uses blockchain for trading renewable energy. The company aims to develop software for clients that allows consumers to track, trace, and trade energy (in kilowatts) and helps to invest in renewables. The Power Ledger ecosystem as a platform seeks to take the control out of the hands of central players and put the citizens in charge of a cocreated energy future. The platform provides a transparent governance framework and can be scaled to suit as required. Accordingly, the platform seeks to offer products categorized into three facilities, i.e., flexible trading, energy trading and traceability, and environmental commodities trading.

According to the whitepaper, the Power Ledger ecosystem supports over ten application classes, such as P2P (peer-to-peer) trading, neo retailer, microgrid, wholesale market settlement, distributed market management, and more. Consequently, one of the platform’s applications empowers the consumers to trade electricity with one another. With their trustless reconciliation and settlement system, consumers also receive payments in real time. Thus, P2P trading aims to benefit consumers by selecting a clean energy source and trading with their neighbors to receive more revenues from excess power. Since all the transactions are on a blockchain, the process is transparent with a low settlement cost. As a result, consumers get lower power bills and improved returns for their investment in renewables.

The Power Ledger deploys a dual-token ecosystem, POWR and Sparkz, for its two blockchain layers. However, POWR tokens allow the application hosts and the participants to access and use the platform and fuel the Power Ledger ecosystem. Since the platform’s core value is sustainability, Power Ledger has chosen a hybrid public and consortium blockchain approach. Thereby, POWR tokens work on the public Ethereum blockchain. Power Ledger’s private, industry-specific consortium blockchain is EcoChain, which is based on a proof-of-stake consensus mechanism.

The tokens seek to help users engage with the Power Ledger ecosystem in various ways, such as providing access to use the platform and loyalty rewards to participants. Also, the token seeks to aid in contributing and connecting with renewable energy charities, organizations, and more.

History of Power Ledger (POWR)

Developed in 2016, Power Ledger is led by a team of members and advisors based out of Australia who value the global democratization of the energy market. Dr. Jemma Green is the cofounder and executive chairman of Power Ledger and was named the Australian EY Fintech Entrepreneur of the Year. In 2017, the Power Ledger team released the whitepaper elaborating the technology road map. With their presence in more than nine countries with over 20 projects, they have memberships with reputable organizations in the energy and blockchain industries.

How Are New POWR Tokens Created & Earned?

The platform reveals that a maximum total supply of 1,000,000,000 POWR tokens have been created to encourage platform participants to join and use the system. The platform aims to implement this onboarding by discounting or gifting POWR tokens to users with a customer base ready to join the Power Ledger ecosystem as utilities or application hosts. Later, the gifted and discounted tokens are held in an escrow for a minimum of one to three years to ensure they are used in the platform.

Further, the network proposes staking incentives for POWR, set in the epoch, a period of time on the Power Ledger chain that usually lasts two to three days. The Power Ledger chain aims to pay out 37,000 POWR every epoch, for a total of around 5,000,000 POWR per year. For the first four years, these incentives will be accessible, and the network endeavors to reassess the reward structure when that time period has passed. On a proportional basis, Power Ledger aims to allocate POWR based on users’ network involvement. Simply put, the more a user stakes POWR, the better the benefit that the network seeks to give.

As of December 2021, Power Ledger released an update on its staking mechanism that the team develops. Accordingly, the network aims to offer two staking options, one that is based on an Ethereum contract and the other that is more decentralized.

How Many POWR Tokens Are Available?

The Power Ledger reports a maximum total supply of 1,000,000,000 POWR tokens. 

How to Buy the POWR Tokens

Power (POWR) can be purchased and traded on Coinbase.com or the Coinbase app. It's safe, secure, and easy.

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FAQ

What is the current price of Powerledger?

The price of 1 Powerledger currently costs $0.15.

What is the market cap of Powerledger?

The current market cap of Powerledger is $73.82M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Powerledger?

The all-time high of Powerledger is $2.01. This all-time high is highest price paid for Powerledger since it was launched.

What is the 24 hour trading volume of Powerledger?

Over the last 24 hours, the trading volume of Powerledger is $2.49M.

What other assets are similar to Powerledger?

Assets that have a similar market cap to Powerledger include Cartesi, Biswap, Steem, and many others. To see a full list, see our comparable market cap assets.

How many Powerledger are there?

The current circulating supply of Powerledger is 485 million.

What is the typical holding time of Powerledger?

The median time that Coinbase customers hold Powerledger before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Powerledger?

Powerledger ranks 118 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Powerledger?

Currently, 84% of Coinbase users are buying Powerledger. In other words, 84% of Coinbase customers have increased their net position in Powerledger over the past 24 hours through trading.