The POWR token serves as the rules of the Power Ledger ecosystem. It helps facilitate low cost and better returns on electricity. It also interacts with the ecosystem through:
- Providing governance and consumer protection through Smart Bond Technology
- Facilitating access to 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. Sparkzs are priced, issued, and redeemed in the local currency of the platform participants.
Buying a sufficient amount of POWR tokens allows application hosts to access the ecosystem from where they can convert their POWR tokens to Sparkz, and onboard their customer base.
POWR tokens are required to generate Sparkz which 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