Powerledger (POWR): how it works, supply and reviews
In short
- Type
- Ecosystem token and energy-trading software; no own blockchain
- Initial distribution
- 2017 token generation event (pre-sale and main sale) raised AUD 34 million
- Risks and caveats
- POWR's role is defined by one company's platforms and ventures; the token is not the base asset of its own blockchain.
- Checked
- 31 October 2026
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Key facts
- Ticker
- POWR
- Official site
- powerledger.io
Key facts checked on 31 October 2026 against official sources.
What is Powerledger
Powerledger is an Australian company that has built peer-to-peer energy trading and energy traceability platforms since 2016. Its POWR token, first issued on Ethereum in a 2017 token generation event, is now also native on Solana, where Powerledger records its platform transactions.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Ecosystem token and energy-trading software; no own blockchain |
| Runs on | Solana mainnet (platform transactions); POWR exists on Solana and Ethereum |
| Cross-chain | POWR moves between Ethereum and Solana by burn/mint via Wormhole Native Token Transfers (no wrapped token) |
Supply and issuance
| Parameter | Details |
|---|---|
| Initial distribution | 2017 token generation event (pre-sale and main sale) raised AUD 34 million |
| Multichain supply | POWR on Solana and Ethereum is one circulating supply moving between chains |
What POWR is used for
- POWR is the ecosystem token for access, participation and settlement across Powerledger platforms, markets and ventures.
- It is used for licensing, access and usage alignment in Powerledger's peer-to-peer energy trading deployments.
Who develops and governs Powerledger
- Legal entity
- Power Ledger Pty Ltd (ABN 39 612 531 218), incorporated in Australia
- Founders
- Dr Jemma Green (Executive Chairman, co-founder) and John Bulich (Technical Director, co-founder)
- Developer
- John Bulich is the technical architect of the platforms
History
| Date | Event |
|---|---|
| 2016 | Powerledger begins deploying peer-to-peer energy trading platforms. |
| 2017 | POWR token generation event; AUD 34 million raised in pre-sale and main sale. |
| 2018 | Powerledger wins Sir Richard Branson's Extreme Tech Challenge. |
| 2024 | POWR is first deployed on Solana mainnet, with TraceX and xGrid moved into the Solana ecosystem. |
| 2025 | POWR becomes a native multichain token on Ethereum and Solana via Wormhole NTT. |
Security and audits
- Cross-chain transfers use Wormhole's burn/mint Native Token Transfers rather than wrapped tokens held by a custodian.
Security incidents
No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): defillama.com/hacks, rekt.news/leaderboard, powerledger.io/media
Official POWR contracts
| Network | Contract address |
|---|---|
| Ethereum | 0x595832F8FC6BF59c85C527fEC3740A1b7a361269 |
| Solana | PowerhfyX6JqFprXzy89fPBSKqmLj8Yzcvr3FkHrQHR |
Contract addresses as published on Powerledger's blockchain page; POWR moves between the two chains via Wormhole NTT.
Risks and caveats
- POWR's role is defined by one company's platforms and ventures; the token is not the base asset of its own blockchain.
- Cross-chain transfers depend on Wormhole's bridge infrastructure.
- The website disclaimer limits Powerledger's liability for losses connected with the site and its content.
Official links
- Website: powerledger.io
- Blog: powerledger.io/media
- Docs: powerledger.io/blockchain
Questions and answers
What is Power Ledger?
Powerledger is an Australian company (Power Ledger Pty Ltd) that has built peer-to-peer energy trading and traceability platforms since 2016; its token is POWR.
What is the POWR token used for?
POWR is used for access, participation and settlement across Powerledger's platforms, markets and ventures, including licensing of its energy-trading deployments.
Which blockchain does Powerledger use?
Powerledger's platforms record transactions on Solana, and POWR exists natively on both Solana and Ethereum, moving between them via Wormhole NTT.
Who founded Powerledger?
Dr Jemma Green and John Bulich are listed as co-founders on the company's About page.
Sources
- Powerledger - About
- Powerledger - Blockchain and POWR token
- Powerledger - Case study: Expanding POWR to Solana with Wormhole NTT (7 August 2025)
- Powerledger - Disclaimer
- Powerledger - Privacy policy
- Powerledger - Token Generation Event page (Wayback, October 2017)
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