Dear ABCC users:
ABCC has now added a new cryptocurrency, POWR, for trading. This has increased our trading pairs to include POWR/BTC and POWR/ETH. More cryptocurrencies and trading pairs are coming soon.
The Power Ledger Token (‘POWR’) is the fuel of the Power Ledger Ecosystem with bespoke private trading applications. POWRs are ERC-20 compatible tokens that allow Application Hosts (entities and businesses that run an Application on the Platform) and Participants access to and use of the Platform (like a limited software licensing permission).
Sparkz tokens are issued against escrowed POWR tokens, via a Smart Bond, and used by the Application Host to onboard its customers. Sparkz, the “low level” token, are specifically limited to representing the tokenized value of a unit of electricity in varying markets around the world. Sparkz and POWR tokens will be exchangeable, connecting the functions of the Ecosystem.
The Power Ledger Platform
The Power Ledger Platform is a trustless, transparent and interoperable energy trading platform that supports an ever-expanding suite of energy trading applications, with an exchangeable frictionless energy trading token, Sparkz. The blockchain-enabled P2P energy trading platform aims to enable consumers to realize the value of their investment in DER (Distributed Energy Resources) by allowing them to monetize their excess energy in much the same way as Uber and AirBnb allow people to monetize their cars and spare rooms.
August 1st, 2018
You should be aware that cryptocurrencies are subject to high price-volatilities. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. ABCC reserves the right to rescind and terminate our services to users in countries and jurisdictions where relevant laws and regulations apply.