There is a common misconception that with POWR being an ERC20 token that it is only has one purpose and that is to be a tradeable token which is bought and sold on exchanges to guage the peformance and growthof the Power Ledger brand / company.

However this is simply not the case.

In order to access the Power Ledger Platform and trade your excess electricity to other consumers you must hold POWR. Not only this but you will also be able to use your POWR to take part in Asset Germination Events. The below extract has been taken from Page 24 of the Power Ledger Whitepaper (I have highlighted the most interesting features as per below)

“4.2 POWR TOKEN

The POWR token will serve as the fuel of the Power Ledger Ecosystem. POWR tokens help to facilitate low cost and better returns on electricity. They interact with the Ecosystem through:

• Providing governance and consumer protection through Smart Bond technology (section 4.4)

Facilitating access to use the Platform (section 4.4)

• Providing loyalty rewards to Participants (see section 4.6);

• Contributing and connecting with renewable energy charities and organizations (see section 4.6);

Providing access priority to Asset Germination Events and benefits from an asset’s ‘POWR’ generation (see section 5.5.7)”

I also invite you to listen to the below podcast where the host talks to Dave Martin from the Power Ledger Team

At around the 36:30 minute mark they talk about Asset Germination and how people can use their POWR tokens.

A below model from the whitepaper also gives another straight forward explanation

Asset Germination example

So yes whether you have solar power or not in your home, there are plenty of reasons for having POWR tokens and gaining a decent ROI for doing so.

The reasons for purchasing POWR just got a whole lot more attractive!