POWR Tokens As Access Permission Tokens

Modified on Sat, 18 Feb 2023 at 05:04 PM

Application hosts and their consumers gain access by using POWR Tokens to the P2P trading features and other Power Ledger applications. For example, an application host would need to buy enough POWR tokens to generate Sparkz for their consumers to transact electricity in their home market. The application host will need to maintain enough amount of POWR tokens to generate the necessary Sparkz required for their consumer base.

Participants are able to trade directly with each other without the need for mediators in a free trade market. They will be able to convert their POWR tokens directly to a Sparkz and transact on the platform without an application host.

If the application hosts want to use services on the platform, POWR tokens are required to transact for Sparkz in their local territory. POWR tokens can be considered as a global token that allows access to the platform for all participants to join the system. Thus, the POWR token is an access token like a software agreement that grants the ability for application hosts to conduct on the platform through trading POWR tokens for Sparkz.

If an application host has used all POWR tokens, they can no longer transact on the platform unless they obtain more POWR tokens to provide platform access.


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