Zug, Switzerland, October 13, 2024, Chainwire
Powerledger (POWR) has formally accomplished its integration into the ecosystem, accelerating the tempo of innovation in world sustainability markets. The transfer combines Solana's cutting-edge blockchain know-how with Powerledger's confirmed power and environmental commodity buying and selling and power monitoring options, paving the way in which for quicker, extra environment friendly and less expensive clear power options. all around the world.
On October 1, 2024, Powerledger started the depreciation of its personal blockchain, marking a transition for the POWR token on each Solana and Solana. This dual-chain strategy unlocks the potential to tokenize, alternate and observe renewable power property, together with clear power surpluses, renewable power certificates (RECs) and carbon credit (CCs), whereas selling world environmental accountability. Powerledger's proprietary power options at the moment are migrated to the Solana mainnet.
“With our new Solana POWR token, we’re excited to leverage Solana’s community, this allows decrease charges and quicker processing, which aligns with our imaginative and prescient of constructing clear power extra environment friendly and accessible to everybody” , mentioned John Bulich, co-founder and Director, Powerledger.
Solana POWR: Velocity, effectivity and sustainability in motion.
This integration permits the Powerledger platform to scale quicker, help high-volume transactions in power and environmental merchandise, and contribute to a extra environment friendly and decentralized power future for world sustainability efforts. This integration with the Solana major community presents,
- Availability of POWR tokens: The POWR token is now out there on Ethereum and Solana, with no modifications to the full token provide. The token swap mechanism ensures that for each POWR token issued on Solana, an equal quantity is locked on Ethereum, thus preserving the integrity of tokenomics and stopping inflation.
- Improved flexibility and interoperability: The twin-chain strategy ensures that POWR stays accessible to customers preferring Ethereum, whereas leveraging Solana's highly effective infrastructure and vibrant group to generate new sustainable options and collaborations.
- POWR as a cost token: POWR will proceed to function a cost token for platform companies on Ethereum and Solana, encouraging inexperienced behaviors comparable 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 applied sciences.
Powerledger (POWR) is ready to play a pivotal position in enabling the tokenization and buying and selling of renewable power property, serving to companies obtain their sustainability objectives whereas making power markets extra clear and accessible to all.
About Powerledger
Powerledger is a Web3 firm that creates pioneering options that remedy urgent power challenges, enabling entry to cheaper, cleaner electrical energy and a clear environmental commerce market. Based in 2016, Powerledger is understood for being Australia's first and most profitable ICO. Powerledger beforehand experimented with Ethereum forks earlier than shifting to a tough fork on Solana final yr. In the present day, headquartered in Zug, Powerledger is acknowledged as one of many 50 largest firms in Crypto Valley, Switzerland.
For extra info, please go to https://www.powerledger.io/
YouTube: https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm
ContactSnehal PawarPowerledgerpr@powerledger.io
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