What is Power Ledger?

What is Power Ledger?

Hey everyone! This article will be a quick summary of Power Ledger (POWR) covering what is it and where you can buy it. So sit back and continue reading.

What is Power Ledger? 

Power Ledger is a project that’s fast establishing itself as one of the most unique and innovative projects in the blockchain space out there and what they are trying to do is build a peer-to-peer smart contract-based energy distribution platform. Now, this isn’t just a white paper, these guys have had a working trial in Western Australia for well over a year. What this means, is it's possible for you to sell any excess power generated by your solar panels to your neighbors through their smart grid. Now, this peer-to-peer trading energy distribution model can be applied to any form of energy or power grid. Power ledger’s core value proposition described in their white paper is built around energy consumers essentially households with some spare energy production which are exchanging energy within the microgrid with the token. There’s already seen huge interest from the Australian government and more recently Elon Musk and the Tesla team said they’re going to be taking a closer look at this technology and we can all imagine there’s a wide range of future applications that this technology can be applied to.  

I think this is one of the most unique projects out there with real-world applications that are going to completely reshape the way we think about energy distribution in countries around the world. This is undoubtedly one of the few projects around the globe driving innovation in the energy sector and blockchain. 

Now, as you have understood what Power Ledger is, we think that it’s a great opportunity for ethical investment. So, the questions that will probably come to your mind are where to buy it and how to buy it? We are going to share the safest way with you.  

Where to buy it? 

You need to buy POWR tokens, the native cryptocurrency of Power Ledger, in order to invest in it. Binance is one of the quickly growing cryptocurrency exchanges around the world. It is considered one of the fastest exchanges in the market because it processes about 1.4 million orders in a second. Binance focuses on execution speed, security, and robustness. So, it’s the safest platform to buy POWR tokens.  

How to Buy? 

Some platforms let you buy POWR directly with FIAT currency such as EUR or USD due to its low market capitalization, which means first you need to buy Bitcoin or Ethereum and then trade POWR on Binance. Once you have BTC or ETH, you’ll now have to create and verify your account on Binance. You can now send your BTC or ETH coins to the Binance exchange. Once your BTC or ETH coins are placed in your Binance account, you can now move to the exchange. For this, you have to find a pair of POWR and the BTC or ETH coins you deposited on Binance. Choose the price at which you want to buy POWR and to complete the order click the buy power button in Binance. 

Once you are done with your order move to funds and the withdrawals, give a withdrawal address and the amount you want to take out.