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New Listing: Powerledger POWR Token

We are happy to announce that the POWR token is now available on Liquid.

We are happy to announce that the POWR token is now available on Liquid.

About Powerledger and the POWR token

Powerledger’s technology creates a marketplace for peer-to-peer energy and environmental commodity trading. The Poweledger software works alongside existing energy system infrastructure, enabling greater control and ownership for consumers and producers of energy alike. All energy transactions are recorded on the blockchain, which allows for a direct trade to occur between buyer and seller, greater transparency, increased automation, and reduced possibility of human error. POWR is the bond to use Powerledger’s platform.

When Powerledger partners with a customer that wants to gain access to the suite of products on the platform, a bond must be provided in the form of POWR tokens. This POWR bond is escrowed for the period of time that the customer is utilizing Powerledger’s platform and then returned when the customer leaves the platform if the customer has no outstanding payments to Powerledger and other customers. This process is similar to a rental bond with a real estate agent; however, in some cases, Powerledger customers may opt to escrow tokens indefinitely.

As a B2B software company, Powerledger customers are large enterprises such as utilities, renewable energy operators, microgrids, companies committed to 100% renewable energy, and property developers. This means that when they partner with Powerledger, they onboard a large number of users onto our platform, such as households or commercial businesses.

There are four key metrics Powerledger uses internally to track progress in the adoption of their suite of products:

The number of enterprise customers contracted, e.g., utility companies.
The number of user meters onboarded.
The amount of megawatt capacity on the platform.
The trading volume of Renewable Energy Certificates.

More users and more energy being traded on the platform requires more POWR tokens to be escrowed to access the Powerledger platform. This model means that as Powerledger’s technology gains market adoption, the number of POWR tokens in circulation decreases.

Powerledger releases a POWR Project Escrow Report periodically, detailing the total amount of POWR that was received and held in escrow and also burned for active projects. The latest POWR Project Escrow Report (July 2021) can be found here.