---
title: Power Ledger
description: Detailed information about Power Ledger
sidebar_position: 1
---

# Power Ledger

## Overview
Powerledger leverages blockchain technology to address the pressing challenges of intermittency and grid congestion caused by integrating renewable energy into the grid. It leverages blockchain technology to create a peer-to-peer energy marketplace.

## Key Features
- **Currency:** POWR (Power Ledger Token)
- **Buying Currency:** Available on exchanges like Binance and KuCoin.
- **Utility:** 
  - Used for network transactions and incentivizing energy trading.
  - Staking rewards for network validators.
- **Automation:** 
  - Smart contracts automate energy trading and payment processing.
- **Utility in the Project:**
  - Users can earn POWR by trading renewable energy.
  - Validators can stake POWR to secure the network and earn rewards.
- **API:** Yes, Power Ledger provides an API for developers to integrate with their applications.
- **User Perspective:**
  - Users can easily trade renewable energy and earn POWR tokens.

## How It Works
1. **Step 1:** Users connect their renewable energy sources to the Power Ledger network.
2. **Step 2:** The network matches buyers and sellers of renewable energy.
3. **Step 3:** Users earn POWR tokens based on the amount of energy traded.

## Staking
- **Staking Requirements:** Minimum of 10,000 POWR tokens to become a validator.
- **Rewards:** Validators earn a percentage of transaction fees and block rewards.

## Documentation
For detailed documentation, visit [Power Ledger Docs](https://powerledger.io/company/power-ledger-whitepaper/).

## Additional Resources
- [Official Website](https://www.powerledger.io)
- [Community Link](https://t.me/PowerledgerANN)
- [GitHub Repository](https://github.com/powerledger)