The POWR token serves as the rules of the Power Ledger Ecosystem. This help facilitate low cost and better returns on electricity. They interact with the Ecosystem through:
- Providing governance and consumer protection through Smart Bond Technology
- Facilitating access to use the platform
- Providing loyalty rewards to Participants
- Providing access priority to Asset Germination Events and benefits from an asset’s ‘POWR’ generation
The Sparkz token is used for Ecosystem transactions. This is to synchronize the Ecosystem globally and create cross-market electricity compatibility.
Spark are priced, issued, and redeemed in the local currency of the Platform Participant.
Buying a sufficient amount of POWR tokens allows Application Hosts access to the Ecosystem from where they can convert their POWR tokens to Sparkz and on-board their customer base.
POWER tokens are required to generate Sparkz. Spark are a local market level token and are priced for the exchange market they are deployed in (e.g. Australia 1 Sparkz = 1 cent AUD). They allow frictionless transactions throughout the FuseBox applications.
Interested to buy Power Ledger Check the Market Now: https://www.bitkub.com/market/POW