[Crypto projects](https://revain.org/projects/) › Powerledger

# 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

## Key facts

- **Ticker**: POWR
- **Official site**: [powerledger.io](https://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](https://defillama.com/hacks), [rekt.news/leaderboard](https://rekt.news/leaderboard/), [powerledger.io/media](https://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](https://powerledger.io/)
- Blog: [powerledger.io/media](https://powerledger.io/media/)
- Docs: [powerledger.io/blockchain](https://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](https://powerledger.io/about/)
- [Powerledger - Blockchain and POWR token](https://powerledger.io/blockchain/)
- [Powerledger - Case study: Expanding POWR to Solana with Wormhole NTT (7 August 2025)](https://powerledger.io/media/case-study-expanding-powr-to-solana-with-wormholes-ntt-standard/)
- [Powerledger - Disclaimer](https://powerledger.io/disclaimer/)
- [Powerledger - Privacy policy](https://powerledger.io/privacy-policy/)
- [Powerledger - Token Generation Event page (Wayback, October 2017)](https://web.archive.org/web/20171017052340id_/https://powerledger.io/)

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Page updated: 2026-10-31

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Source: https://revain.org/projects/power-ledger/