“Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.”
Founded in May 2016, Power Ledger is a Perth-based (Australian) company that offers a peer-to-peer marketplace for renewable energy.
Utilising blockchain technology the company developed a market trading platform for residential and commercial businesses to sell their surplus energy, determining to whom and at what price.
POWR is an ERC20 token on the Ethereum platform. It was Australia's first Initial Coin Offering (ICO) and one of the largest crowdfunded projects in Australian history.
At time of writing:
- 1 POWR = $0.251957 AUD / 0.00002947 BTC
- Market cap: $94,433,522 AUD
- Circulating supply: 374,800,708 POWR
- Volume: $4,233,777 AUD
- Coin Market Cap , 9:30am, 21 August 2018