Buy Powerledger (POWR)
What is Powerledger?
Powerledger is a blockchain-based platform designed to enable the tracking, tracing, and trading of renewable energy. It facilitates peer-to-peer energy trading within local energy communities and promotes the adoption of renewable energy and energy-efficient practices. Powerledger operates on the Ethereum blockchain as an ERC-20 token and integrates with the Solana ecosystem to enhance innovation in sustainability markets.
How does Powerledger work?
Powerledger functions on a custom permissioned Solana blockchain, which is both fast and energy-efficient. It leverages Proof-of-Stake (PoS) and Proof-of-History consensus mechanisms to process transactions swiftly while reducing energy consumption. The platform utilises smart contracts to automate energy trade and management, enhancing transparency and accountability. Powerledger also offers a staking framework, allowing users to stake their POWR tokens for rewards.
What are the potential use cases for Powerledger?
Powerledger's potential use cases include:
- Peer-to-Peer Energy Trading: Facilitating direct energy transactions between producers and consumers.
- Energy Provenance Tracking: Providing real-time tracking and visualisation of energy origins.
- Smart Energy Management: Offering tools for efficient energy consumption management.
- Carbon Footprint Management: Helping consumers understand and reduce their carbon footprint.
These use cases are supported by real-world applications like smart communities, large-scale pilot projects, and partnerships with energy providers.
What is the history of Powerledger?
Powerledger was co-founded in May 2016 by Dr. Jemma Green, Dave Martin, and others. The platform launched its first pilot project in 2017 in Australia. It has since expanded internationally, with notable projects in Japan, the US, and Thailand. Powerledger has continually evolved to enhance its blockchain capabilities, transitioning to Solana's ecosystem and integrating with major energy grids. It has received recognition for its innovative contributions to energy trading and sustainability.
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Frequently Asked Questions (FAQs)
What is the current price of Powerledger (POWR)?
The Powerledger price is $0.4731561 AUD, representing a -2.25% from the day prior.
Where is the best place to buy Powerledger (POWR) in Australia?
The best place to buy Powerledger (POWR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Powerledger (POWR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Powerledger (POWR)?
The trading volume of Powerledger (POWR) is $34.5M AUD in the last 24hrs, representing a -2.25% from the day prior.
How can I buy Powerledger (POWR)?
Powerledger (POWR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Powerledger (POWR)?
The current market cap of Powerledger (POWR) is $248.5M AUD.
Can I convert Powerledger (POWR) to cash?
Yes - With Coinstash you can convert your Powerledger (POWR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Powerledger (POWR) are there?
The current circulating supply of Powerledger (POWR) is 529.8M.
Is Coinstash a safe place to buy Powerledger (POWR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Powerledger (POWR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.