[ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER ***

[JayFKay]

yep.. you gotta feel sorry for those cashing out at only 500-1000% gains.. what a terrible result for them .

HERE is some more math for you in the "I don't know what all the fuss is about" dept

buying another 1k worth of ETH a week ago with the current lift would mean you now have $1331.41.

buying another 1k of Bitcoin a week ago would mean you now have $+1128

buying another 1k of Power Ledger a week ago would mean you have $2637.23

 

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[budabing]

does anybody have any idea on how/why/when powerledger plan on releasing more tokens into the market. circulating supply has increased by 400,000 tokens since last time i checked. do they need more funding for a project they looking at ?

[JayFKay]

When you are developing the airbnb of electricity and preparing to go into multiple markets there would be endless projects they would want to fund. they have posted an article
on their facebook about the Rwandan govt putting $50 million aside for supporting Renewable / microgrid type ops moving in to electrify areas currently without power so clearly they have their eyes on the African market. but working capital for Indian, Thai and Australian contracts will surely come in handy.

[CryptoBoomers]

yep.. you gotta feel sorry for those cashing out at only 500-1000% gains.. what a terrible result for them .

HERE is some more math for you in the "I don't know what all the fuss is about" dept

buying another 1k worth of ETH a week ago with the current lift would mean you now have $1331.41.

buying another 1k of Bitcoin a week ago would mean you now have $+1128

buying another 1k of Power Ledger would mean you have in the $2600s

 

Gotta be honest, if I invested in the ICO as heavily as I did while it was at .00008+, I'd have a hard time not cashing out myself. If it 10x's from here I'm probably going to have a hard time calling when/where/how as well . Long ways to go but I'm happy for the investors that made a killing on this and cashed out, you gotta enjoy the rewards sometimes and not be greedy or hold for too long if you have dreams you want to fulfill and flip the rest in other ways.. I think we'll see some of them return though while we're pumping again.

[JayFKay]

True, if you've made good money and you are a day trader for sure. I'm more of a mid to long term person I expect to hold my stake for at least 1-2 years - with a swag of analysts all over YouTube saying its heading for top 15 and ultimately top 10 based on the math of it's volume and quality of it's team, ICO, first mover advantage, big deal making and fundamentals etc - I just look at the average top 10 crypto price and taking out the extremes like ripple and BTC they are all a hell of a lot more than $1..

ps: just for some fun I added up 8 of the top 10 crypto currencies on market cap (taking out the 2 bitcoins because they are freakishly successful first movers) and I get $216.55 average..

[devender.kalyan]

As i can see on bittrex the volume and prices are decreasing day by day. Any specific reason for that besides ETH and BTC are going high. Its a matter of little worry as now most of the altcoins are raising but not power. Its going opposite.

[gembitz]

As i can see on bittrex the volume and prices are decreasing day by day. Any specific reason for that besides ETH and BTC are going high. Its a matter of little worry as now most of the altcoins are raising but not power. Its going opposite.

bittrex stole my coins and now no one will help me we need to spead word about this :\ bittrex = doom

[NOhardforkplease]

Thats perfectly normal after a pump like this. And now it is substratum that is getting all the attention of traders and flippers.

[Myriad Force]

Thats perfectly normal after a pump like this. And now it is substratum that is getting all the attention of traders and flippers.

Substratum is another blockchain looking for an innovation ; trying to create a need in your mind - 
Like a multi-level company looking for a product.

Power Ledger is so refreshing in the crypto universe. Finally, a real company, with real world utility, that can make the world a better place.
They happened to discover that a blockchain can help them reach their objectives. 

[JayFKay]

Here is something else that a lot of people are yet to realise.
Power Ledger will open up two way direct traffic.

So let's say you are 4 students living in a rental house or a single mum w kids neither of who can afford to buy their own house let alone be in a position to spend $4000 on solar PV panels for the roof top you don't own. pfft.. don't worry with power ledger you can buy power off your surrounding neighbours that can afford solar PV panels.
 
the $4000 barrier is gone.. replaced with just. cheaper power bills.

For Australia this is huge! the vast majority of us are pro-renewables and would love to be part of the climate change solution and save money!
15% of Australian homes already have rooftop solar so they can get on board at the start.
 I suspect with Solar panel installer and wind turbine technicians now being the two fastest growing jobs in the USA (in the 6 figures last i checked) I suspect this will be very popular in America also.

[tellaw]

 0.60$-0.65$  will be the bottom imo.

[Myriad Force]

Asset Germination is the Power Ledger equivalent to Proof-of-Stake -
https://web.powerledger.io/asset-germination-events/

Correct me if I'm wrong . .

[JayFKay]

It hasn't been down to US $.60c since Tuesday.. you'd have to be lucky its remained above 75c very consistently since wednesday.

[DesktopCommando]

I’m hopefull that this down trend will be turned around when Australia wakes up to Monday morning trading and the expected announcements from India & special event on Tuesday.

[Sauzer00]

Can someone explain me in easy words how this project works.

My feeling is that it has a few problems.

In order to work they need to partner up with all the major Energy company to use their distribution network.

Why should those company accept, when they can directly buy the energy from the producer for a fraction of the price and resell it for the full price.

How much will it cost to use the Blockchain to store "near real time" report of usage, with the actual eth fee that will cost a lot i guess, and will impact in the energy price.

Please explain in details how this work, because i am interested in opening a quite big position but i still dont have answers to those 2 problems.

[DesktopCommando]

https://www.smartcompany.com.au/startupsmart/news-analysis/power-ledger-receives-part-8-million-government-grant-fremantle-blockchain-energy-project/


This may help

[chrizzo]

Can someone explain me in easy words how this project works.

My feeling is that it has a few problems.

In order to work they need to partner up with all the major Energy company to use their distribution network.

Why should those company accept, when they can directly buy the energy from the producer for a fraction of the price and resell it for the full price.

How much will it cost to use the Blockchain to store "near real time" report of usage, with the actual eth fee that will cost a lot i guess, and will impact in the energy price.

Please explain in details how this work, because i am interested in opening a quite big position but i still dont have answers to those 2 problems.

I think you misunderstood something important: One of the blockchain's biggest advantages is a possibility of a dencentralized model f.e. the distribution of energy in this case.
It's not about buying from already existing (centralized) distributor but to be the distributor yourself. For example your frienldy neighbor who owns a big solar field.
Theres a big chance that he's producing way more than he can use. So he himself can sell it to you, know you're independent of the big energy companies.

That's as far as I understood the USP Please correct me, if I'm wrong.

[JayFKay]

I'm not completely across the tech myself but worrying they will have to do deals with major electricity companies should not be a concern. they just signed a contract with Origin Energy Australia who supply over 4.1 million Australian homes..  clearly Origin Energy sees the value Power Ledger has to add to their operations.

and POWRs Indian contract is with Tech Mahindra - Part of the Mahindra Group, Tech Mahindra is a US$4.5 billion company with over 117,000 employees across 90 countries.
It provides services to customers which include Fortune 500 companies. It is also one of the Fab 50 companies in Asia.

I think you can stop worrying... they've got this!

[Myriad Force]

Fucking Awesome!!

[Noblessner]

Power is one of those few projects that is already established as a company, great times ahead !