Zug, Switzerland, October 13, 2024, Chainwire
Powerledger (POWR) has formally accomplished its integration with the ecosystem, accelerating the tempo of innovation in world sustainability markets. This transfer combines Solana's main blockchain expertise with Powerledger's confirmed power and environmental commodity buying and selling and power monitoring options, setting the stage for sooner, extra environment friendly and cost-effective clear power options worldwide.
On October 1, 2024, Powerledger initiated the tip of help for its personal blockchain, marking a transition for the POWR token between the 2 events and Solana. This dual-chain method unlocks the potential to tokenize, commerce and observe renewable power belongings, together with surplus clear power, Renewable Power Certificates (RECs) and Carbon Credit (CCs), whereas selling world environmental accountability. Powerledger's proprietary power options at the moment are transferred to the Solana community.
“With our new Solana POWR token, we’re excited to leverage the Solana community, enabling decrease charges and sooner processing, which aligns with our imaginative and prescient to make clear power extra environment friendly and accessible for all,” mentioned John Bulich, Co-Founder and CEO, Powerledger .
Solana POWR: Velocity, effectivity and sustainability in motion.
This integration permits the Powerledger platform to scale sooner, help high-volume transactions in power and environmental commodities, and contribute to a extra environment friendly and decentralized power future for world sustainability efforts. This integration with the principle Solana community presents
- POWR Token Availability: The POWR token is now accessible on each Ethereum and Solana with no modifications to the general token providing. The token alternate mechanism ensures that for each POWR token minted on Solana, an equal quantity is locked on Ethereum, thus sustaining the integrity of tokenomics and stopping inflation.
- Elevated flexibility and interoperability: The twin-chain method ensures that POWR stays accessible to customers preferring Ethereum, whereas leveraging Solana's highly effective infrastructure and vibrant group to help new sustainability and collaboration options.
- POWR as a cost token: POWR will proceed to function a cost token for platform providers throughout each Ethereum and Solana and can incentivize inexperienced behaviors equivalent to offsetting carbon emissions and decreasing power consumption. Powerledger has additionally accomplished the mixing of its personal power platform with Solana, leveraging Solana's newest instruments and applied sciences.
Powerledger (POWR) is ready to play a key function in enabling the tokenization and buying and selling of renewable power belongings, serving to companies meet their sustainability targets whereas making power markets extra clear and accessible to all.
About Powerledger
Powerledger is a Web3 firm that creates pioneering options that tackle urgent power challenges and allow entry to cheaper and cleaner electrical energy and a clear market for inexperienced buying and selling. Based in 2016, Powerledger is understood for being the primary and most profitable ICO in Australia. Powerledger had beforehand experimented with forks and Ethereum earlier than switching to a Solana laborious fork final 12 months. Now based mostly in Zug, Powerledger is acknowledged as one of many high 50 corporations within the Crypto Valley of Switzerland.
For extra data, please go to https://www.powerledger.io/
YouTube: https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm
ContactSnehal PawarPowerledgerpr@powerledger.io
This text was initially printed on Chainwire
