ZUG, Switzerland, October 13th, 2024/Chainwire/--Powerledger(POWR) has officially completed its integration with the Solana ecosystem, accelerating the pace of innovation in the global sustainability markets. This move combines Solana’s cutting-edge blockchain technology with Powerledger’s proven energy and environmental commodities trading and energy tracking solutions, setting the stage for faster, more efficient, and cost-effective clean energy solutions worldwide. On October 1, 2024, Powerledger began the deprecation of its own blockchain, marking a transition for the POWR token across both Ethereum and Solana. This dual-chain approach unlocks potential for the tokenisation, trading, and tracking of renewable energy assets, including excess clean energy, renewable energy certificates (RECs) and carbon credits (CCs), while driving global environmental accountability. Powerledger’s proprietary energy solutions are now transitioned to Solana mainnet. "With our new Solana POWR token, we're excited to leverage Solana's network, this allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all,” said John Bulich, Co-founder & Director, Powerledger. Solana POWR: Speed, Efficiency, and Sustainability In Action. This integration enables Powerledger’s platform to scale faster, support high-volume energy and environmental commodities transactions, and contribute to a more efficient and decentralised energy future for global sustainability efforts. This integration with Solana mainnet offers: POWR token availability: The POWR token is now available on both Ethereum and Solana, with no changes to the total token supply. Token swap mechanism ensures that for every POWR token minted on Solana, an equivalent amount is locked on Ethereum, preserving the integrity of the tokenomics and preventing inflation.
Enhanced flexibility and interoperability: The dual-chain approach ensures that POWR remains accessible to users who prefer Ethereum, while also leveraging Solana’s powerful infrastructure and vibrant community to drive new sustainability solutions and collaboration.
POWR as a payment token: POWR will continue to serve as a payment token for platform services across both Ethereum and Solana, incentivising green behaviours such as offsetting carbon emissions and reducing energy consumption. Powerledger also completed the integration of its own energy platform with Solana, leveraging Solana’s latest tools and technology. https://www.youtube.com/embed/DR-AQIyk9V0 Powerledger (POWR) is set to play a pivotal role in enabling the tokenisation and trading of renewable energy assets, helping businesses meet their sustainability goals while making energy markets more transparent and accessible for all. About Powerledger Powerledger is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity and transparent environmental trading marketplace. Founded in 2016, Powerledger is known for being Australia’s first and most successful ICO. Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland. For more information, please visit https://www.powerledger.io/ Contact Snehal Pawar Powerledger pr@powerledger.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. ZUG, Switzerland, October 13th, 2024/Chainwire/--Powerledger(POWR) has officially completed its integration with the Solana ecosystem, accelerating the pace of innovation in the global sustainability markets. This move combines Solana’s cutting-edge blockchain technology with Powerledger’s proven energy and environmental commodities trading and energy tracking solutions, setting the stage for faster, more efficient, and cost-effective clean energy solutions worldwide. On October 1, 2024, Powerledger began the deprecation of its own blockchain, marking a transition for the POWR token across both Ethereum and Solana. This dual-chain approach unlocks potential for the tokenisation, trading, and tracking of renewable energy assets, including excess clean energy, renewable energy certificates (RECs) and carbon credits (CCs), while driving global environmental accountability. Powerledger’s proprietary energy solutions are now transitioned to Solana mainnet. "With our new Solana POWR token, we're excited to leverage Solana's network, this allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all,” said John Bulich, Co-founder & Director, Powerledger. "With our new Solana POWR token, we're excited to leverage Solana's network, this allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all,” said John Bulich, Co-founder & Director, Powerledger. Solana POWR: Speed, Efficiency, and Sustainability In Action. This integration enables Powerledger’s platform to scale faster, support high-volume energy and environmental commodities transactions, and contribute to a more efficient and decentralised energy future for global sustainability efforts. This integration with Solana mainnet offers: POWR token availability: The POWR token is now available on both Ethereum and Solana, with no changes to the total token supply. Token swap mechanism ensures that for every POWR token minted on Solana, an equivalent amount is locked on Ethereum, preserving the integrity of the tokenomics and preventing inflation. Enhanced flexibility and interoperability: The dual-chain approach ensures that POWR remains accessible to users who prefer Ethereum, while also leveraging Solana’s powerful infrastructure and vibrant community to drive new sustainability solutions and collaboration. POWR as a payment token: POWR will continue to serve as a payment token for platform services across both Ethereum and Solana, incentivising green behaviours such as offsetting carbon emissions and reducing energy consumption. Powerledger also completed the integration of its own energy platform with Solana, leveraging Solana’s latest tools and technology. POWR token availability: The POWR token is now available on both Ethereum and Solana, with no changes to the total token supply. Token swap mechanism ensures that for every POWR token minted on Solana, an equivalent amount is locked on Ethereum, preserving the integrity of the tokenomics and preventing inflation. Enhanced flexibility and interoperability: The dual-chain approach ensures that POWR remains accessible to users who prefer Ethereum, while also leveraging Solana’s powerful infrastructure and vibrant community to drive new sustainability solutions and collaboration. POWR as a payment token: POWR will continue to serve as a payment token for platform services across both Ethereum and Solana, incentivising green behaviours such as offsetting carbon emissions and reducing energy consumption. Powerledger also completed the integration of its own energy platform with Solana, leveraging Solana’s latest tools and technology. https://www.youtube.com/embed/DR-AQIyk9V0 Powerledger (POWR) is set to play a pivotal role in enabling the tokenisation and trading of renewable energy assets, helping businesses meet their sustainability goals while making energy markets more transparent and accessible for all. About Powerledger Powerledger is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity and transparent environmental trading marketplace. Founded in 2016, Powerledger is known for being Australia’s first and most successful ICO. Powerledger Powerledger Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland. For more information, please visit https://www.powerledger.io/ https://www.powerledger.io/ https://www.powerledger.io/ Contact Snehal Pawar Powerledger pr@powerledger.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

This is a PR written by or for the company mentioned within it. The writer has a vested interest in the company and products mentioned within.

Minutes Network Appoints Gaming And Web3 Veteran Jamie King, Former Rockstar Co-Founder, as CMO

Constellation Network, The DoD-vetted Blockchain For Big Data, Unveils Panasonic Partnership Details

Visit Our Website

Chainwire Blog

Too Long; Didn't Read

CTA: Download the FREE AI Productivity Shift report

Powerledger Completes Integration With Solana, Accelerating The Pace Of Innovation In Sustainability

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

Barunson, Studio Behind Parasite, to Launch nPLUG IP Remixing Platform On Story

108 Stories To Learn About Blockchain Adoption

10 Tools for Blockchain Development

133 Stories To Learn About Solidity

287 Stories To Learn About Blockchain Development

Barunson, Studio Behind Parasite, to Launch nPLUG IP Remixing Platform On Story

108 Stories To Learn About Blockchain Adoption

10 Tools for Blockchain Development

133 Stories To Learn About Solidity

287 Stories To Learn About Blockchain Development

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps