POWR Token Distribution FAQs

Why is the allocation process taking multiple days?

The allocation is taking a period of days to ensure the security of the process. All token purchases were allocated to a unique wallet at the time of purchasing to achieve the greatest transparency for the allocation of tokens and to present as small a security risk as possible. Now, in allocating the correct number of tokens for each purchase, we’re taking a similar individualized approach to ensure the security of the process. The tokens will be allocated as quickly as possible but with the need for security and stability an absolute priority.

Why didn’t Power Ledger allocate all tokens at the same time?

Our experience tells us that there is a heightened security and technology stability risk in rushing high volumes of transactions in too short a period of time. The tokens will be allocated as quickly as possible but with the need for security an absolute priority. So, beginning with the pre-sale, we’re allocating tokens in as close to the order in which purchases were made as is possible and in a measured way to ensure the security and stability of the process.

Didn’t you use smart contracts for the allocation of the tokens?

No. For security reasons all token purchases were allocated to a unique wallet at the time of purchasing to achieve the greatest transparency for the allocation of tokens and to present as small a security risk as possible.

What was the process for the allocation of Main Sale bonus tokens?

I have forgotten which bonus week I purchased in!

All good we got you see below.

What was the process for the Pre-sale bonus tokens?

I should have got more tokens!

The token allocation has been undertaken using a consistent methodology that reflected a number of factors including the value of the crypto-currency used at the time of the purchase and the period of the sale in which the purchases were made. These factors were built into the allocation process and applied consistently across the sale to ensure every purchase received the right number of tokens. Rate was included in the email sent out at the time of purchase.

How to see my POWR in my wallet?

To show POWR in MEW:

1. Click Add Custom Token

Address: 0x595832f8fc6bf59c85c527fec3740a1b7a361269

Token Symbol: POWR

Decimals: POWR = 6 decimals

What are you going to do with all the money you’ve raised?

With the close of the TGE, our focus shifts entirely to the ongoing development of the Power Ledger platform and working to support the democratisation of power across the world. We appreciate the massive support we’ve received from the community and we feel the weight of expectation to deliver on our aims and on the broad deployment of the Power Ledger platform.

When can I use my POWR to buy electricity?

As soon as an application host is able to offer that service where you live, you’ll be able to use your POWR token to buy energy but the main use of the POWR token initially is to give Application Hosts, the licence to use the Power Ledger platform and to access a pool of Sparkz to start offering energy trading between consumers and prosumers. We’re working with potential application hosts around the world to make the platform as widely available as possible as soon as possible.

What happened with the allocation of Bounty tokens?

The errors in Bounty credits have been rectified and will be updated before distribution. Please keep in mind the Bounty Pool is 1.5M POWR tokens, and we have had over 5,000 participants, tokens are allocated based on the proportion of total credits you hold.

Why don’t the numbers add up?

The numbers add up… Using the totals recorded on the TGE page during the token sale is not sufficient to calculate the values and volumes of tokens with real accuracy because of a range of factors including time-lag (sales occurring prior to the close of sale periods but not being reflected immediately in the tally because of processing time), rounding and exchange rate (fiat and crypto) fluctuations.

Who’s tokens are being allocated first?

The tokens will be allocated as quickly as possible but with the need for security an absolute priority. The allocation will follow, as much as is possible, the same order as the token purchases took place. Presale first purchases first and then each phase of the public sale after that.

Who can I contact to query the token allocation?

Please send any queries to: crowdsale@powerledger.io We’ll try to respond to your query as soon as possible but if there are high volumes of inquiries, it may take a couple of days to respond to your specific query.

What happens if someone from a jurisdiction that doesn’t support TGE’s bought tokens, are you giving a refund?

The terms and conditions of the TGE were explicit and purchasers had to check a box stating they were not from the US or China or another jurisdiction that doesn’t allow TGE’s — there’s no confusing that. We reserve the rights expressed in the T’s&C’s.

Why was only one of my transactions distributed?

Our experience tells us that there is a heightened security and technology stability risk in rushing high volumes of transactions in too short a period of time. The tokens will be allocated as quickly as possible but with the need for security an absolute priority. So, beginning with the pre-sale, we’re allocating tokens in as close to the order in which purchases were made as is possible and in a measured way to ensure the security and stability of the process.