POWER LEDGER - Decentralized P2P energy exchange platform. Public pre-sales 27 August 2017
 | A Decentralized peer to peer energy exchange platform! |
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As more and more people create their own energy, power surplus occurs. These people came to the point, that it is cheaper for them to abandon centralised power supply system.
An investment in the hardware to have their own solar pannels often generates additional energy, what is not used. And they have the right to do whatever they like with it. Power ledger aims to creta a marketplace where people will be able to sell their energy. Potential customer vary from households, through electric car drivers, to cryptocurrency miners. Tokens sold during ICO will make this very simple and blockchain technology is ideal for transparent and trust less market.
How do the Power Ledger tokens work?
There are two types of tokens: POWR and Sparkz.
The Power Ledger Token (POWR) is the fuel of the Power ledger Ecosystem.
POWR Tokens are the platform protocol tokens used to allow acces to the Power Ledger platform, create security for participants via SmartBonc, create a network effect by rewarding early adopters, incentivize usage and renewable power generations. The POWR token is the access token, like a software license, that grants ability for Application Hosts to transact on the Platform, through trading POWR for Sparkz.
Sparkz are the tokenised representation of the value of energy traded. Sparkz are pegged to the lowest denomination of currency in each trading jurisdiction. Sparkz are the transaction token for a closed-loop trading ecosystem. They are stable - pegged to local currency, like Tether and USD. It makes them secure and frictionless, transfers value instantly without banking overheads.
TOTAL ALLOCATION OF POWR TOKENS
1,000,000,000 POWR tokens have been created and the total amount of
tokens will be allocated as follows:
- Growth Pool
The POWR tokens which are gifted to or discounted to Application Hosts, from the Growth Pool, will be held in escrow for a minimum period of 1-3 years after they are distributed to ensure that they are used on the Platform.
- Power Ledger Escrow
250,000,000 tokens will be retained for any future funding needs of Power Ledger and the Platform, including development or on-boarding future Participants if required. Due to the dependency on the outcome of the Token Sale, this allocation will be held in the Power Ledger Escrow. The escrow period will be 2 years. The escrow period in respect of these tokens will commence at the date of distribution.
- Developers and Founders
All of the Developer's and Founder’s tokens will be subject to escrow for a period of between 6 and 18 months, with their release linked to performance variables. The escrow period in respect of these tokens will commence at the completion of the Token Sale.
PROCEEDS FROM THE TOKEN SALE
The POWR tokens sold during the Token Sale will be used to fund Power Ledger’s work, to continue development and scale the Platform for global deployment.
Who stands behind the project?
POWR TOKEN SALE
Power Ledger will announce Power Ledger will conduct the Event, which will begin and end as announced on http://tge.powerledger.io.
All participants in the public sale will be offered a discount off the final closing price, as follows:
| Time | Discount |
|---|---|
| Week 1 | 15% |
| Week 2 | 10% |
| Week 3 | 5% |
| Week 4+ | 0% |
There will be no minimum raise amount set. All 350,000,000 tokens will be issued following the close of the Token Sale regardless of the amount raised. All purchases of POWR tokens are non-refundable.
Payment accepted for the public Token Sale will include Ether, Bitcoin, Litecoin. Payment will be received at https://tge.powerledger.io and at no other domains or portals.
Power Ledger may liquidate or hedge the cryptocurrencies received, once they are released from escrow for tax and price volatility reasons.
PUBLIC PRE-SALES OF POWR TOKENS
Power Ledger has decided to release 100,000,000 POWR Tokens for public pre-sales, from the 350,000,000 POWR Tokens from the Token Generation Event pool.
The POWR Tokens will be priced at $0.088 USD / POWR Token. The maximum purchase amount per buyer is $25 000.00 USD, to allow for many more people to participate in the pre-sale price. Payments will be accepted in Ether, Bitcoin and Litecoin. The price of cryptocurrencies will be taken at their ETH equivalent value of the USD rate purchased.
The process for purchasing the pre-sale POWR Tokens will be through the Token Generation Event Portal at https://tge.powerledger.io. The POWR Tokens will be will be sold on a first come first serve basis on the Event Portal.
The pre-sales will open on Sunday 27 August 2017 at 7:00 AM Thursday, in Greenwich, London, UK. or 2.00 PM Perth, Western Australia time.
RELEASE OF POWR TOKENS
The Tokens will be allocated according to the market value of the buyers’ Ether amount (or equivalent amount in another currency received), calculated at the time their Ether amount was received by Power Ledger.
The POWR tokens acquired will be issued at any time after the receipt of funds from the buyer, but no later than 4 weeks after the Token Sale closes.
The POWR tokens will be sent to the Ethereum address provided by the contributor at the time of the purchase.
Power Ledger will not accept any responsibility for the incorrect delivery of POWR tokens due to invalid Ether addresses supplied, see the full Terms and Conditions released at the time of the Sale.
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