Power Ledger partners with BCPG to develop energy trading

Power Ledger and BCPG partnered in order to let users trade renewable energy from solar panels via secure banking interface in Thailand
18 December 2017   1918

On December 18, the renewable energy developer BCPG which is backed by Thailand Government, has made an announcement stating that it partners with Power Legder in aim to bring peer-to-peer renewable energy trading to Thailand.

As it was stated in the official announcement Power Ledger energy-trading platform will be used to let building managers trade renewable energy from solar panels installed on each building with autonomous financial settlement enabled via the use of a secure banking interface.

BCPG is currently in a process of selecting a bank in Thailand which will provide financial settlement for peer-to-peer energy transactions in Asia.

This will help reduce the government’s investment in building large-scale power plants to meet the growing demand for electricity and at the same time offer customers and consumers a greater choice of electricity from renewable energy in the form of Peer-to-Peer energy trading.

Bundit Sapianchai

President, BCPG

The price of Power Ledger has started to rise rapidly following the news, having grown 5% within one hour which led to the numbers of 55% increase within past 24 hours and 107% within past 7 days. Power Ledger has exceeded the price of $1 at 06:15 UTC on December 18.

Power Ledger charts december 2017Power Ledger Charts

At the moment of press, the coin continues to grow in price and those are main market parameters of Power Ledger:

  • Average price: $1,13
  • Marketcap: $399 344 162
  • 24h volume: $134 390 000

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.