We Have Prepaid For Most Cryptocurrency Projects
Following Bitcoin, lots of cryptocurrency projects have sprung up in attempts to replicate the success. Some were launched with promises to deliver real-world use cases. With investors pouring in to take advantage of the huge gains being made in the space, even cryptocurrencies with nothing but whitepapers have pretty huge market caps. This means all the solutions or technologies promised have essentially been prepaid for. In its relatively short existence, Power Ledger has seen a number of projects completed. Most recently, the team has added 1500 solar panels installed by Greenwood solutions.
What is Power Ledger ?
Power Ledger (POWR) token was priced at $0.437 at the time of writing. It’s hard to tell if the price was positively impacted by the news. POWR’s price movement was not too different from the upward trend of the entire market in the week of the news. POWR is currently ranked 88th on coinmarket cap.com with a market cap of $160,222,089. The token has a 1 billion cap but currently has a circulating supply of 365,894,076.
With blockchain technology and solar energy, Power Ledger aims at providing clean energy at competitive rates. What we have here is a platform for trading of power in a decentralized manner. Users of the platform can trade directly with each other. The system is set up to keep track of power being generated and used.
Melbourne based Greenwood solutions are one of the Power Ledger partners. The company, which is into the efficient use of energy and renewable technologies announced their partnership with Power Ledger in March 2018. The purpose of this partnership was to roll out the first commercial use of Power Ledger’s platform. Within the space of two months, they already have some results. The company successfully installed 1500 solar panels for Power Ledger.
Many projects in the cryptocurrency space simply fold up after raising funds. Others exist but are nowhere near delivering on the promises they made. Conversely, Power Ledger’s ICO was launched in August 2017, a year after it was established. They already had work to show before their ICO. For instance, a thorough test of their proposed system was conducted in 2016. The team has also achieved much during the short time Power Ledger has been around. With moves like this, power ledger will continue to show that it belongs in the company of real cryptocurrency projects. More can be expected of the team.
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