PowerLedger ICO(powerledger.io) ICO link here is in its final week and I would rate it as a BUY.
Power ledger is a peer to peer energy trading platform . Its based out of Australia, which has one of the highest adoption of solar systems among households in the world.
Power ledger intends to provide renewable energy owners a way to sell their surplus energy at competitive prices to others. It uses blockchain to make the process transparent, fast and scalable.
POWR tokens would be issued during the token sale. POWR tokens allow the hosts and consumers to gain access to the P2P trading features and other Power Ledger Applications. Sparkz token are the lowest unit of local currency
In Australia 1 Sparkz = 1 cent AUD. POWR tokens are required to generate Sparkz tokens. Sparkz is a localized market level token and is priced at currency of the country the solutions are deployed in. This will help in facilitating easy transaction among parties.
PowerLedger has partnerships with Origin and Tech Mahindra which are a huge deal in Australia and India. The team is a solid one with experienced leaders in the energy domain. I would rate the ICO as a buy for long term and short term gains.
Believe in POWR.
Currently no information is available regarding the listing exchanges. The ICO ends on October 6 (Friday) and has already raised $20M+ including the pre sale and main sale.
Disclosure: I invested in this ICO and is positive about the long term prospectives.
