Power Ledger announces Asset Germination Events – Power Ledger – Medium

Power Ledger Announces Asset Germination Events In the energy industry, the speed of organic growth is typically glacial, but our planet doesn’t have time to wait for change. According to the International Renewable Energy Agency, “renewable energy needs to be scaled up at least six times faster for the world to start to meet the goals set out in the Paris Agreement.” If we’re going to turbocharge this growth in renewables, we need investment, so we’ve pioneered a product to do this. Asset Germination Events (AGEs) use blockchain and cryptocurrencies to provide new sources of capital for funding energy projects. In 2019, people will be able to invest in and co-own energy assets, using AGEs. This will be a world-first regulated crypto energy offering. Good for everyday people Investment in renewable energy generation is a growing trend. However, a typical person, or what the regulators define as “a retail investor”, someone with less than $2.5 million dollars in assets (read: a lot of us!) can’t just buy a solar farm. As a result, we are locked out of this exciting and promising asset class. Power Ledger’s AGE token will offer a way for anyone to participate in high-value assets by reducing the required minimum investment. More investors make for better market liquidity and better liquidity is good news for how renewable energy assets are valued by financial markets. Blockchain technology is an essential component of this transformation. Tokens are inherently divisible, global and programmable. Good for POWR token holders A POWR token is a utility token first and foremost, AGE adds another way for the POWR token to be utilized. Benefits for POWR token holders include: POWR token will act as a priority access mechanism for AGEs. We will publish more information about the priority mechanism in a future post. We intend for the POWR token to provide a discount during AGEs. Power Ledger intends to use the management fees, typically charged for administering an asset portfolio, to fund our POWR buyback and burn program. Buyback and burn programs are working well globally in delivering value for prominent blockchain communities and Power Ledger believes we can replicate the benefits for our community. More detail on how the POWR buyback and burn program will work will be published in our future AGE posts. Long-term we think an exciting part of being a POWR token holder is the opportunities that get unlocked when you integrate physical assets, such as solar and wind farms, the valuable data they generate and our blockchain applications. It‘s tricky to quantify the full impact of such integration. But every AGE asset will use Power Ledger’s products to record its generation data. Each asset will require POWR tokens to access Power Ledger’s trading engine. How we intend to make it work The full scope of the AGE product will be available in a Product Disclosure Statement that is being prepared by our legal advisors. What we can say now is that Power Ledger is not cutting any corners. We are pursuing a difficult path by choosing a fully regulated offering in our home country of Australia, one of the most regulated countries in the world. Good news is that if we can make it work here, we can make it work anywhere! We feel that the legal and token structure we designed prioritizes transparency, accountability and investor disclosure, and we hope regulators the world over will recognize this by supporting us. It’s worth noting here, that we’re proposing a structure where people get paid, no matter what, for as long as the assets are selling energy. Our goal with AGE is to offer a product that combines the rigour of a regulatory approach with the innovation of blockchain. We want it to be good for the environment, investors and the community, while also bringing further legitimacy to the cryptocurrency space. The trade-off to this approach is that the AGE timeline has many dependencies, and some of these are outside of our control. You have our word that we’re working very hard to bring this product to market and we’ll keep you updated on all developments. We understand many of you are eager to participate right away, but good things take time. We truly believe the proposed model is the most beneficial to both our community and the planet. Community support is of paramount importance and we hope you’re as excited about AGEs as we are. There is a lot of ground to cover with AGEs, as such we will be hosting a live Q&A to answer your questions this Friday, October 26th. We’ll let you know the exact time in the coming days. But in the meantime, you can pre-submit your questions via our Telegram chat.