Powerledger Integrates with Solana, Boosting Sustainability Innovation[embed]https://www.youtube.com/watch?v=DR-AQIyk9V0[/embed]

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    <p><span><strong>Zug, Switzerland, October 13th, 2024, Chainwire</strong></span></p>

<p><a href="https://www.powerledger.io/" rel="noopener follow" target="_blank" data-wpel-link="exclude">Powerledger</a> (<a href="https://coinmarketcap.com/currencies/power-ledger/" rel="noopener follow" target="_blank" data-wpel-link="exclude">POWR</a>) has successfully integrated with the Solana ecosystem, propelling innovation within the global sustainability markets. This strategic collaboration merges Solana’s advanced blockchain technology with Powerledger’s established energy and environmental commodities trading, along with energy tracking solutions, paving the way for accelerated, more efficient, and economically viable clean energy solutions across the globe.</p>

<p>As of October 1, 2024, Powerledger initiated the phasing out of its proprietary blockchain, facilitating the transition of the POWR token to both Ethereum and Solana. By adopting a dual-chain method, this approach maximizes the token’s potential for the tokenization, trading, and monitoring of renewable energy assets, such as surplus clean energy, renewable energy certificates (RECs), and carbon credits (CCs), while promoting global environmental responsibility. Powerledger’s proprietary energy solutions have now been transitioned to the Solana mainnet.</p>

<blockquote><p>“With the introduction of our new Solana POWR token, we are thrilled to harness Solana’s network, which allows for reduced fees and quicker processing times, aligning with our goal of making clean energy more effective and accessible to everyone,” stated John Bulich, Co-founder &amp; Director of Powerledger.</p></blockquote>

<p><strong>Solana POWR: Demonstrating speed, efficiency, and sustainability.</strong></p>

<p>This integration empowers Powerledger’s platform to expand more swiftly, manage high-volume energy and environmental commodity transactions, and foster a more streamlined and decentralized energy future for global sustainability initiatives. The integration with Solana's mainnet brings forth:</p>

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<li><strong>Availability of the POWR token: </strong>The POWR token can now be accessed on both Ethereum and Solana without altering the total token supply. The token swap mechanism guarantees that for each POWR token issued on Solana, an equivalent amount is secured on Ethereum, maintaining the tokenomics' integrity and combating inflation.</li>
<li><strong>Increased flexibility and interoperability: </strong>The dual-chain strategy ensures that POWR remains reachable for users on Ethereum, while also taking full advantage of Solana’s robust infrastructure and dynamic community to foster new sustainability solutions and partnerships.</li>
<li><strong>POWR as a transactional token: </strong>POWR will persist as a transactional token for platform services across both Ethereum and Solana, encouraging eco-friendly practices like carbon offsetting and energy conservation. Powerledger has also integrated its energy platform with Solana, utilizing Solana’s latest tools and technologies.</li>
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<p>Powerledger (POWR) is poised to play a crucial role in facilitating the tokenization and trading of renewable energy assets, aiding businesses in achieving their sustainability objectives while enhancing transparency and accessibility within energy markets for everyone.</p>

<p><strong>About Powerledger</strong></p>

<p><a href="https://www.powerledger.io/" rel="noopener follow" target="_blank" data-wpel-link="exclude">Powerledger</a> is a Web3 company dedicated to developing groundbreaking solutions that address critical energy challenges, promoting access to affordable and cleaner electricity and a transparent environmental trading marketplace. Established in 2016, Powerledger is recognized as Australia’s first and most successful ICO. Previously, Powerledger experimented with Bitcoin and Ethereum forks before executing a hard fork on Solana last year. Currently headquartered in Zug, Powerledger is acknowledged as one of the top 50 companies in Crypto Valley, Switzerland.</p>

<p>For further information, please visit <a href="https://www.powerledger.io/" rel="noopener follow" target="_blank" data-wpel-link="exclude">https://www.powerledger.io/</a></p>

<p>YouTube: <a href="https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm" rel="noopener nofollow external noreferrer sponsored" target="_blank" data-wpel-link="external" title="https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm">https://youtu.be/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm</a></p>

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<h5>Contact</h5>
<p><span><strong>Snehal Pawar</strong><br/></span><span><strong>Powerledger</strong><br/></span><span><strong>pr@powerledger.io</strong><br/></span></p>
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