Zug, Switzerland, October thirteenth, 2024, Chainwire
Powerledger (POWR) has formally accomplished its integration with the ecosystem, accelerating the tempo of innovation within the world sustainability markets. This transfer combines Solana’s cutting-edge blockchain expertise with Powerledger’s confirmed power and environmental commodities buying and selling and power monitoring options, setting the stage for quicker, extra environment friendly, and cost-effective clear power options worldwide.
On October 1, 2024, Powerledger started the deprecation of its personal blockchain, marking a transition for the POWR token throughout each and Solana. This dual-chain strategy unlocks potential for the tokenisation, buying and selling, and monitoring of renewable power property, together with extra clear power, renewable power certificates (RECs) and carbon credit (CCs), whereas driving world environmental accountability. Powerledger’s proprietary power options are actually transitioned to Solana mainnet.
“With our new Solana POWR token, we’re excited to leverage Solana’s community, this permits for decrease charges and quicker processing, aligning with our imaginative and prescient to make clear power extra environment friendly and accessible for all,” mentioned John Bulich, Co-founder & Director, Powerledger.
Solana POWR: Velocity, effectivity, and sustainability in motion.
This integration permits Powerledger’s platform to scale quicker, help high-volume power and environmental commodities transactions, and contribute to a extra environment friendly and decentralised power future for world sustainability efforts. This integration with Solana mainnet affords,
- POWR token availability: The POWR token is now accessible on each Ethereum and Solana, with no adjustments to the entire token provide. Token swap mechanism ensures that for each POWR token minted on Solana, an equal quantity is locked on Ethereum, preserving the integrity of the tokenomics and stopping inflation.
- Enhanced flexibility and interoperability: The twin-chain strategy ensures that POWR stays accessible to customers preferring Ethereum, whereas additionally leveraging Solana’s highly effective infrastructure and vibrant group to drive new sustainability options and collaboration.
- POWR as a fee token: POWR will proceed to function a fee token for platform providers throughout each Ethereum and Solana, incentivising inexperienced behaviours similar to offsetting carbon emissions and lowering power consumption. Powerledger additionally accomplished the mixing of its personal power platform with Solana, leveraging Solana’s newest instruments and expertise.
Powerledger (POWR) is about to play a pivotal function in enabling the tokenisation and buying and selling of renewable power property, serving to companies meet their sustainability targets whereas making power markets extra clear and accessible for all.
About Powerledger
Powerledger is a Web3 firm that creates pioneering options that clear up urgent power challenges, enabling entry to cheaper and cleaner electrical energy and clear environmental buying and selling market. Based in 2016, Powerledger is understood for being Australia’s first and most profitable ICO. Powerledger has beforehand experimented with and Ethereum forks earlier than transitioning to a tough fork on Solana final 12 months. Now, headquartered in Zug, Powerledger is recognised as one of many prime 50 corporations in Crypto Valley, 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