Our platform is modular and scalable: All our products can be contracted separately, scaling as needed. Our products are divided in three pillars: energy trading and traceability, flexibility trading, and environmental commodities trading.
Our solutions are leading the global democratization of the energy market so people have access to energy, can participate directly in energy markets and can improve their lives and the lives of others.
How Do Powerledger’s Active Projects Impact Circulating Supply of POWR?
The POWR token plays an important role in the adoption of Powerledger’s technology. The more users we onboard, the more the token economy will drive the use of POWR.
The POWR token plays an important role in the adoption of Power Ledger’s technology. The more users we onboard, the more the token economy will drive the use of POWR.
More users equate to more energy being traded on the platform, which in turn requires more POWR tokens to be escrowed by application hosts to gain or maintain access to the Power Ledger platform.
There are only 1 billion POWR tokens in existence, and there will never be more created. Only a portion of the token is currently in circulation. Every time we onboard an Application Host, they are required to escrow POWR for as long as they maintain use of the platform. The tokens will remain in escrow and out of circulating supply.
The escrow process
There are two options for Application Hosts when escrowing POWR for projects.
The first is for them to purchase the agreed-upon number of POWR from an exchange, which will then be sent to the escrow address.
The second option is for Application Hosts to pay Powerledger in fiat currency, and Powerledger will then purchase and escrow POWR on their behalf.
We envisage that the second option will be utilized less as Application Hosts become more educated in the handling and use of tokens.
In some cases, we may escrow POWR from the Growth Pool, as per the whitepaper, however, we intend to keep this to a minimum.
We have developed an escrowing system that provides transparency for the POWR community, while also protecting the commercially sensitive information of our partners.
We intend to release a POWRProjectEscrow Report periodically, detailing the total amount of POWR held in escrow for active projects.
The reason for releasing this report periodically is so the community can track the trajectory of tokens in escrow in relation to the growing number of projects.