Power Ledger and Coinomi Shake Hands to Facilitate POWR Token Sale

Australian software developer Power Ledger, which develops a peer-to-peer energy trading platform, today announced its partnership with Coinomi, an open-source and multi-crypto online wallet available on Android.

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Coinomi has fully integrated Power Ledger's API into its wallet application, allowing users to easily swap between a wide range of listed Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term when they decide to purchase its POWR tokens.

Coinomi users, who are interested in Power Ledger’s ongoing Token Generation Event, will be able to pay using ETH, BTC or LTC, and will automatically assign POWR ownership to their Ethereum address. The wallet allows its users to swap coins for tokens and vice versa in just a few clicks, directly from the application through the use of a built-in exchange.

Earlier this year, Power Ledger announced that it will arrange Australia’s first ICO to fund its platform, which is already deployed by energy providers such as Vector NZ, Western Power WA and TAS Networks, and to accelerate development through POWR tokens.

POWRs will be tradeable on the Ethereum platform and also convertible into SPARKZ tokens, whose main function is to trade units of electricity on Power Ledger’s private Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term platform, Ecochain.

Commenting on the partnership, Dave Martin, Power Ledger co-founder and Managing Director, said: “We are delighted to partner with Coinomi to make it quicker and easier for the community to buy POWR tokens. “Making it simpler for people to trade renewable energy is key to the success of the Power Ledger platform, and a critical element of this is the ease with which people can trade POWR tokens. The simplicity of the integrated solution with Coinomi is precisely what we need to ensure frictionless trading.”

George Kimionis, CEO of Coinomi, added: "We are excited to bring Power Ledger on-board, especially whilst their token generation event is live. The Coinomi wallet is not only secure, and focused on privacy, but installation is incredibly easy offering investors a simple way to get hold of the POWR token."