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| title | description | sidebar_position |
|---|---|---|
| Power Ledger | Detailed information about Power Ledger | 1 |
Power Ledger Project
Overview
Power Ledger is a blockchain-based platform that enables peer-to-peer (P2P) energy trading, allowing consumers and businesses to buy, sell, and trade renewable energy directly with each other. The platform aims to democratize energy markets by providing a decentralized and transparent system for energy transactions, making renewable energy more accessible and affordable. Power Ledger's technology has been recognized globally for its innovation in sustainable energy solutions and has facilitated some of the largest P2P energy trading projects worldwide.
Key Features
- Currency: $POWR (native token).
- Buying Currency: $POWR can be purchased on various exchanges including KuCoin, Gate.io, and others.
- Utility:
- Payments: $POWR is used to access the Power Ledger platform and its features. It also serves as a license for businesses to participate in the energy market.
- Staking: To be part of the renewable energy transaction and earn rewards, users can stake $POWR.
- Governance: $POWR holders can participate in platform governance, including voting on upgrades and parameter adjustments.
- Automation:
- Smart contracts automate energy trading, settlements, and the management of environmental commodities.
- The platform supports various energy market applications, including P2P trading, virtual power plants, and renewable energy certificate trading.
- API: Yes. Power Ledger provides APIs for integrating its services with other applications and platforms.
- User Perspective:
- Consumers: Can buy and sell renewable energy directly, choosing their preferred energy sources and managing their energy consumption more efficiently.
- Producers: Can sell excess renewable energy to the grid or directly to other consumers, earning rewards and incentives for their contributions to the energy market.
How It Works
- Energy Generation and Consumption:
- Producers generate renewable energy from sources like solar or wind and feed it into the grid.
- Consumers use energy and can track their consumption using smart meters.
- P2P Trading:
- The platform matches energy supply and demand in real-time, allowing consumers to buy energy directly from producers.
- Smart contracts handle the trading process, ensuring transparency and security.
- Settlement and Payment:
- Energy trades are settled automatically using the Sparkz token, which represents the value of the energy traded.
- Payments are processed through the Power Ledger blockchain, ensuring fast and secure transactions.
Staking
Powerledger’s Proof-of-Stake Energy Blockchain allows Powerledger to build and scale energy projects across the globe, processing 50,000+ energy transactions per second. To be part of securing Powerledger’s Energy Blockchain, stake your POWR allowing you to be part of the renewable energy transaction and earn rewards.
Documentation
For detailed documentation, visit Power Ledger Docs.
Additional Resources
Ecosystem Components
| Product | Functionality |
|---|---|
| Power Port | A gateway for connecting to the Power Ledger ecosystem, enabling energy trading and management. |
| uGrid | A marketplace for trading excess renewable energy within commercial buildings and microgrids. |
| xGrid | A platform for P2P energy trading, allowing consumers to buy and sell renewable energy directly. |
| C6/C6+ | Markets for trading renewable energy certificates and environmental commodities. |
| Asset Germinator | A framework for fractional ownership of renewable energy assets, incentivizing investment in renewable energy sources. |
| VPP 2.0 | A virtual power plant platform that aggregates and manages distributed energy resources. |
| TraceX | A solution for tracking and tracing renewable energy and environmental commodities, recognized for its innovation in sustainable energy management. |
Tokenomics
- Total Supply: 1B
- Distribution:
- The POWR token is an ERC-20 token issued on the Ethereum blockchain.
- The Power Ledger blockchain, based on Solana, processes energy transactions and supports the platform's various applications.
FAQ
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Is it usable by the average DePIN user? Yes, Power Ledger is designed to be user-friendly, with a straightforward interface for trading and managing energy resources. It caters to both technical and non-technical users, making it accessible for the average DePIN user.
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Can I pay with tokens to use the DePIN product offered by the project? Yes, $POWR is the primary token used to access the Power Ledger platform and its features. Users can pay with $POWR for energy trading and other services offered by the project.
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Can tokens be automatically switched from other standard tokens (e.g. ETH, BTC)? While $POWR is the native token, users can trade it on various exchanges that support other standard tokens like ETH and BTC. However, automatic token switching is not natively supported on the platform but can be done through external exchanges.
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If I would provide the service, what is my ROI, do we need to stake, etc.? Providers can earn passive income by selling excess renewable energy on the platform. Staking $POWR is not explicitly required but is a common practice to support the network and earn rewards. ROI depends on the amount of energy traded and market demand.
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Why does the project exist, why do the people and the planet need it? Power Ledger exists to democratize energy markets, making renewable energy more accessible and affordable. It promotes sustainability by enabling direct energy trading, reducing waste, and supporting the transition to cleaner energy sources.
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Is it geo-aware? Power Ledger's platform is designed to be flexible and can be adapted to various local regulations and energy market conditions. It supports energy trading globally, making it geo-aware and compliant with local requirements.
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Is it cost-effective? Yes, Power Ledger is cost-effective, offering energy trading at competitive rates. By enabling direct P2P trading, it eliminates intermediaries and reduces transaction costs, making renewable energy more affordable.