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docs_depin/docs/depin_specs/energy_networks/power_ledger.md
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Power Ledger Detailed information about Power Ledger 1

Power Ledger

Overview

Power Ledger is a decentralized energy trading platform that allows users to buy and sell renewable energy directly from each other. It leverages blockchain technology to create a peer-to-peer energy marketplace.

Key Features

  • Currency: POWR (Power Ledger Token)
  • Buying Currency: Available on exchanges like Binance and KuCoin.
  • Utility:
    • Used for network transactions and incentivizing energy trading.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate energy trading and payment processing.
  • Utility in the Project:
    • Users can earn POWR by trading renewable energy.
    • Validators can stake POWR to secure the network and earn rewards.
  • API: Yes, Power Ledger provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily trade renewable energy and earn POWR tokens.

How It Works

  1. Step 1: Users connect their renewable energy sources to the Power Ledger network.
  2. Step 2: The network matches buyers and sellers of renewable energy.
  3. Step 3: Users earn POWR tokens based on the amount of energy traded.

Staking

  • Staking Requirements: Minimum of 10,000 POWR tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

API Documentation

For detailed API documentation, visit Power Ledger API Docs.

Additional Resources