POWR price jump

Tokens of Power Ledger ICO, POWR, gained over 60% in last 24 hours; let's figure out why
20 November 2017   2073

The tokens of Power Ledger project showed significant price jump recently. 

Power Ledger Price chart
Power Ledger Price chart

At the moment or press, these are main market parameters of the token:

  • Average price: $0.633807 
  • Marketcap: $221,293,846 
  • 24h volume: $171,230,000

POWR tokens are being traded in pair with BTC, ETH, LTC, USD, DOGE and BNB at five markets:

POWR Markets
POWR Markets

What is Power Ledger?

Power Ledger is a blockchain-based peer-to-peer energy trading platform enabling consumers and businesses to sell their surplus solar power to their neighbours without a middleman.

A month ago Power Ledger attracted $ 34 million during the ICO. 

Growth cause

It seems that successful ICO is not the only reason of this huge price growth. 

The Australian authorities approved $ 2.57 million for the development of the Power Ledger.

Power Ledger is excited to work with a consortium of innovators and technical experts to grow and develop the platform. We’re excited to break ground on this truly novel project that utilises blockchain technology to orchestrate sustainable assets.

Jemma Green 

Co-founder and chairperson, Power Ledger

Another $ 5.68 million will be directed to the development of projects that will be created in partnership with several universities, institutes and IT companies.

TON to Launch by October 19 or Contracts Are Void

This information was found in the documented, drawn up on behalf of the founder of Telegram
22 February 2019   93

The blockchain platform Telegram Open Network (TON) should be launched no later than October 31, 2019. Otherwise, all agreements for the purchase of Gram tokens with the project investors will be canceled. This is evidenced by a document drawn up on behalf of the founder of Telegram Pavel Durov, but not signed by him.

It details the legal details of the purchase of Gram tokens, as well as the legal nuances of the distribution of tokens in certain jurisdictions.

According to the document, the Gram token will be issued and distributed immediately after launch blockchain platform TON. If the release of the main network does not take place until October 31, 2019, the contract will be invalid.

Document contains the address of Harneys Law Firm in the British Virgin Islands, where Telegram itself is registered.

As previously reported by ForkLog, the TON blockchain platform is 90% complete, the launch of the test network is scheduled for the end of March 2019.

The organizers of the ICO Telegram attracted $ 1.7 billion from a limited group of investors to develop the TON network.