Power Ledger launches token for retail investors to back renewable energy projects64.7

Back in May Power Ledger, the Australian-born startup which allows consumers to buy and sell renewable energy directly between one another using a blockchain platform, launched its first commercial deployment in the US. It’s now extending its mission to allow individuals and communities to share in the profits of renewable energy assets by trading in a crypto token it will launch. To achieve this Power Ledger is literally acquiring energy assets to make the token asset-backed.

This Asset Germination Event (AGE) token has, says the company, the potential to disrupt the traditionally centralized energy market and thus grow the renewable energy industry, because of course, ownership of the token will incentivize people to invest in renewable energy.

Original source

Add comment

Please Sign in to be able to leave comments.