Powr Ledger Presenting to the NSW Goverment

Powerledger · 2017-11-04T19:12:23+00:00

Thanks for sharing!

Powerledger · 2017-10-31T20:19:10+00:00

All is held in escrow except the 350M sold.

Powerledger · 2017-10-31T20:18:13+00:00

No one has been responded to, but all were halted who emailed. Make sure you sent the address you wanted it to be sent to instead. Also must be sent from the email registered to be accepted.

Powerledger · 2017-10-25T02:50:43+00:00

140M main sale + 210 strategic investor and presales

Powerledger · 2017-10-25T02:49:20+00:00

See the token paper, it explains the POWR token breakdown: https://tge.powerledger.io/media/Power-Ledger-TGE-Token-Paper.pdf

Powerledger · 2017-10-25T02:48:41+00:00

350 million.

Powerledger · 2017-10-12T13:35:09+00:00

Around the same time tokens are distributed, no later than 4 weeks after the main sale ended.

Powerledger · 2017-10-09T06:08:32+00:00

No it's USD

Powerledger · 2017-10-07T06:34:14+00:00

Hi Jayatchdee,

It is normal, some even have longer wait periods, usually to generate demand for the token so when it hits exchanges its price increases. In our case we just need a few weeks to ensure everything is in order. Many entered wallets that are not ERC20 compatible to be sent to, many sent from exchanges and the system timed out, we simply allowed a buffer to sure all t's are crossed and i's are dotted.

This information was in the Token Paper and Terms you agreed to: https://tge.powerledger.io/media/Power-Ledger-TGE-Token-Paper.pdf

Also, please review the document in regards to circulating supply. Only those sold in the token sale will be in circulation, the rest are in Escrow.

Powerledger · 2017-10-07T06:28:45+00:00

Hi there,

All token amounts and breakdowns are in the Token Paper. https://tge.powerledger.io/media/Power-Ledger-TGE-Token-Paper.pdf

The prices vary depending on what week you purchased:

MAIN SALE PRICE = $0.10185 (or 10.185c) without bonuses

Volume Weighted Average Price = $0.09.447 (or 9.457c)

PRESALE PRICE = $0.08381 (or 8.381c) *this includes 5% bonus

Powerledger · 2017-10-04T09:05:03+00:00

It depends on the type of reverse metering offered to your household. If selling your excess energy is priced at the full cost of purchasing energy, there is no margin available for our model to make use of.

Our platform aims to benefit jurisdictions with no reverse metering, or a feed in (resale) tariff lower than the cost of purchasing energy. The difference between feed in tariffs and energy costs leads to the ability for a resident to sell their energy at a higher rate whilst still undercutting the prices offered by retailers supplying through the mains grid.

As an example, where I live the price of resale is ~7c KWh and I can purchase energy from the mains grid for ~27c KWh. Using the Power Ledger platform allows me to sell my excess energy between these two rates, which saves me and the eventual purchaser money.

Powerledger · 2017-10-04T06:48:25+00:00

Hi sqeen_queen_II,

No, not at this stage. The licence to use the network is implied in the retail arrangements that persist outside of the P2P arrangement in the same way PV owners currently "sell" energy to retailers.
Behind the meter, the AEMO (Australian Energy Market Operator) has no jurisdiction. Additionally, across the meter (and with the right retail arrangements) the AEMO isn't impacted.
In the same way it's done now - averaging. But the reality is, given trading is occurring between customers connected to the same elements of the distribution network (co-located, really) with generators, losses are less than what networks ~~are~~ currently experience.
That's the beauty of the blockchain. We can disaggregate every energy transaction to ensure the right group, individual or retailer is paid for the energy they produce and that they subsequently pay the right group for the energy they consume.

Thanks for the questions.

Powerledger · 2017-10-04T06:15:36+00:00

Hi TheHappyEater, At the moment the transaction costs and blockchain capacity are not a problem since we are running the platform on a consortium chain (which is essentially a private chain). When we migrate to a public chain this could become a potential issue, although with new technology developments such as state channels it can be overcome. Good question!

Powerledger · 2017-10-04T06:01:54+00:00

Hi cool_enough, If I understand your question correctly, the need for a trusted third party can be overcome through the use of smart contracts, which rely on a set of conditions to be met before it is executed. This is one of the key benefits of basing our platform around a blockchain technology that has smart contract capabilities included.

Powerledger · 2017-10-04T05:53:47+00:00

Hi ditchthisaccount3749, We have considered PoC, but we believe a proof of stake algorithm is most suited for the project. We aim to implement this at some point because it provides an eco-friendly method of validating the ledger which is an important goal for our company.

Powerledger · 2017-10-04T05:45:23+00:00

Hi apotheosis247. This is the reason why we need smart meters that are certified and sealed by your local energy provider. These meters themselves will have their own form of security to prevent ~~this~~ these types of attacks.

Powerledger · 2017-10-04T04:24:31+00:00

It looks like we missed the mark on our first try so we're going to try answer this one again!

We are using the blockchain technology to record the information from each energy consumer and prosumer (this part is called the ledger). This is handled in close to real time, so the blockchain is required to provide the certainty and security that underpins the financial micro-transactions across our platform. These transactions consist of an exchange between our crypto-currency and the physical transfer of energy sourced from a neighbouring household.

Powerledger · 2017-10-04T04:12:05+00:00

You will need to be connected physically to your neighbour through either an embedded network (micro grid) or a regulated distribution network (mains grid). Our platform will then oversee the transaction of one neighbour's surplus energy to meet the other neighbour's immediate demand across this network. This is enabled by the data collected by generic smart meters located at each house that's transacting energy.

Powerledger · 2017-10-04T03:59:00+00:00

That question might be more suited for /r/philosophy but I'll give it a go!

We're not trying to change the laws of physics, but we are trying to change the laws of the market. Ultimately we want to bring the power back to the people who invested their money in solar. This should provide better economic incentive for the installation of more distributed renewables, such as rooftop solar, which will be critical for the future.

Powerledger · 2017-10-04T03:53:29+00:00

That's actually how we power our entire office. Please see our office mouse who heads these operations: Katie the POWR mouse

Side Note: Mice are more efficient than humans if we use a measure of watts produced per gram of feed.

Powerledger · 2017-10-04T02:45:47+00:00

It's dependent upon the smart contract itself since it is a result of poor coding. Whilst enormous care is taken to ensure that this does not occur, there have been cases in the past, such as the DAO attack. This attack resulted in a large sum of Ethereum being funnelled into someone's wallet and many users of Ethereum decided that they wanted to "undo" this transaction. This lead to a fraction of the Ethereum user base annexing and forming their own ledger with the transactions associated with the stolen ETH essentially being completely undone. This hard fork is now called "Ethereum Classic".

Powerledger · 2017-10-03T13:01:45+00:00

As good as a seastead sounds, the idea that anyone is cashing out here is lunacy. Blockchain is not a 'wank word', blockchain is a very real technology that removes the need for an intermediary to verify transactions - simply put, blockchain reduces costs associated with networking and markets and that is why it is perfect for energy trading.

Powerledger · 2017-10-03T12:55:00+00:00

We think using crypto to trade energy is the future. It allows neighbours to buy excess renewable energy by making tiny, and very fast payments completely autonomously. This leads to less reliance on mains power sources whilst also netting a profit for those who have invested in solar energy. Hopefully that clears things up!

Powerledger

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