We’re proud to announce that from 10am AEST today we’ll launch our first Australian listing, Power Ledger (POWR). POWR will start trading against two major currencies, Bitcoin (BTC) and the Australian dollar (AUD). The listing is in response to market demand for Power Ledger - a decentralised energy marketplace, and one of Australia’s largest crowdfunded projects, with a market capitalisation of over AU$94 million dollars.
“Power Ledger brings exciting technology to the energy market, as one of the few platforms to offer peer-to-peer renewable energy trading. At BTC Markets, our mission is to support the growth of innovative Australian projects, connecting them to Australian investors who understand the transformative potential of blockchain technology,” said Jarrod Crane, co-founder, BTC Markets.
Power Ledger is participating in an $8.25 million trial funded by the Australian Government in Fremantle, Western Australia. The smart city project aims to determine how blockchain-based peer-to-peer energy trading can support clean, cheap and resilient energy across the suburb of Fremantle. In March, Power Ledger also announced the first commercial deployment of its energy trading platform in Melbourne, Victoria.
“We’re thrilled to be the first Australian ERC20 token to be added to BTC Markets. With the extensive BTC Markets user base, this listing is a huge step towards our goal of democratising power, and will allow platform users and Application Hosts to easily acquire POWR for use within our platform,” said David Martin, co-founder and Managing Director, Power Ledger.
POWR is the eighth listing on BTC Markets, and follows the inclusion of OmiseGO(OMG) earlier this month. In response to community demand, future plans for our exchange involve an expansion of listed tokens that pass a rigorous vetting process. So standby for more future listings, and please feel free to make any suggestions for tokens to be listed on Twitter: @btcmarkets / #btcmarkets.
We’re extremely proud to be supporting Power Ledger and Australian ingenuity and innovation in the blockchain space.
Kind regards and happy trading,
The BTC Markets team.