PowerLedger (POWR) API and Price Oracle

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For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is PowerLedger (POWR)?

PowerLedger (POWR) is a blockchain-based platform that aims to revolutionize the energy sector. Founded in 2016 by Jemma Green and David Martin, PowerLedger allows individuals and businesses to buy, sell, and trade renewable energy through peer-to-peer transactions. The platform utilizes smart contracts and decentralized applications (dApps) to enable secure and transparent energy trading. POWER's founding company is based in Perth, Australia, and the name is derived from combining "power" and "ledger", symbolizing the integration of blockchain technology with the energy market.

How does PowerLedger work?

PowerLedger is a blockchain-based platform that aims to revolutionize the energy sector by enabling peer-to-peer energy trading and promoting renewable energy sources. It utilizes blockchain technology to create an open and transparent marketplace for energy exchange.

The underlying technology behind PowerLedger is based on the Ethereum blockchain. Ethereum is a decentralized platform that enables the execution of smart contracts, which are self-executing contracts with the terms of the agreement directly written into the code.

PowerLedger operates by utilizing smart meters to record and track energy consumption and generation in real-time. This data is then stored on the Ethereum blockchain, ensuring transparency and immutability. Users can interact with the platform through a user-friendly interface, which allows them to monitor their energy usage and trade excess energy with others.

The platform enables consumers to become prosumers, meaning they can both consume and generate their own energy. By utilizing renewable energy sources such as solar panels, users can generate excess energy and sell it to others in the network. This not only provides an opportunity for individuals to be more self-sufficient but also promotes the use of clean and sustainable energy sources.

PowerLedger uses blockchain technology to securely facilitate these peer-to-peer energy transactions. The blockchain ensures that all transactions are verified and recorded in a transparent and immutable manner. This eliminates the need for intermediaries and allows for a more efficient and cost-effective energy market.

Overall, PowerLedger leverages blockchain technology to create a decentralized and efficient marketplace for energy trading. By empowering individuals to become active participants in the energy market, PowerLedger aims to accelerate the adoption of renewable energy sources and contribute to a more sustainable future.

What are the benefits of PowerLedger?

PowerLedger is a blockchain-based platform that offers a number of benefits compared to its direct competitors in the energy sector. One of its main advantages is its ability to facilitate peer-to-peer energy trading. This means that individuals and businesses can directly buy and sell excess energy to one another without the need for intermediaries. This decentralized approach not only reduces costs but also promotes a more efficient use of energy resources.

Another benefit of PowerLedger is its focus on renewable energy. The platform allows users to track the source of the energy being traded, ensuring transparency and promoting the use of clean and sustainable sources. This is an important feature in today's world, where the shift towards renewable energy is gaining momentum.

Additionally, PowerLedger offers a robust and secure system for managing energy transactions. Through the use of blockchain technology, all transactions are recorded on a public ledger, providing transparency and immutability. This helps to eliminate fraud and increase trust among participants.

Compared to its direct competitors, PowerLedger distinguishes itself by its innovative approach to energy trading and its commitment to renewable energy. The platform provides a user-friendly interface and offers a range of services that cater to the needs of both individuals and businesses in the energy sector. As blockchain technology continues to evolve, PowerLedger remains at the forefront of the revolution, offering an efficient and sustainable solution for energy trading.

What is PowerLedger used for?

PowerLedger is a blockchain-based platform that aims to revolutionize the energy sector by enabling efficient and transparent energy trading. It offers a decentralized marketplace where energy producers and consumers can directly engage in peer-to-peer energy trading.

One common use case for PowerLedger is enabling the trading of surplus energy generated by individuals or businesses with excess energy production. This allows them to monetize their surplus energy by selling it to others in their local community. Consumers can then purchase this energy at potentially lower prices than those offered by traditional energy providers.

Another use case for PowerLedger is facilitating renewable energy certificates (RECs) trading. RECs represent the environmental attributes of renewable energy generation and can be bought and sold separately from the physical energy. PowerLedger's platform enables the transparent and secure trading of RECs, providing a more efficient and trustworthy market for renewable energy.

One specific case worth elaborating on is the concept of microgrids. A microgrid is a localized energy system that can operate independently or in conjunction with the traditional grid. PowerLedger can facilitate the creation and management of such microgrids by enabling the seamless trading of energy within the microgrid, ensuring that excess energy is distributed efficiently and fairly among its participants. This allows communities to become more self-sufficient in terms of energy production and consumption, reducing reliance on centralized energy providers and promoting sustainability.

Overall, PowerLedger's use cases range from empowering individuals and businesses to trade surplus energy to facilitating the creation and management of localized energy systems. By leveraging blockchain technology, PowerLedger aims to bring transparency, efficiency, and sustainability to the energy sector.

What is DIA's PowerLedger API?

DIA's PowerLedger API is part of their comprehensive range of API endpoints that provide real-time price feeds for various crypto assets. These feeds are constructed using raw data aggregated from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, enabling DIA to deliver unmatched data quality in the web3 ecosystem.

While DIA does offer free API endpoints for developers to test, the true power lies in their fully customizable, custom feeds. These custom feeds can be tailored according to specific requirements, including sources, methodologies, update mechanisms, and more. Users can request a custom feed by reaching out to DIA via Discord or Telegram.

The importance and benefits of these custom feeds cannot be overstated. They provide users with a highly specialized and personalized data source, making them particularly valuable for applications within the blockchain ecosystem. For example, they can be used in derivatives, options and futures markets, lending and borrowing platforms, collateralized stablecoin systems, synthetic asset issuance, money markets, and more within the DeFi space. Similarly, within the NFTfi realm, they can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and numerous other use cases.

In summary, while DIA does provide free API endpoints for informational purposes and testing, the true value lies in the ability to customize feeds to meet specific needs. This flexibility allows for enhanced functionality and a wider range of possibilities in the blockchain ecosystem. DIA's API offerings provide developers with the tools they need to access accurate and reliable data for their projects.

(Note: An API, or Application Programming Interface, is a set of rules and protocols that allows different software applications to communicate and exchange data with each other.)

What is DIA's PowerLedger price oracle?

DIA's PowerLedger price oracle is a smart contract that provides real-time price feeds for cryptocurrencies and other assets. DIA stands out by offering a comprehensive range of price feeds, as it is integrated with over 35 layer 1 and layer 2 networks. This means that DIA can deploy price oracles in various blockchains, offering users flexibility and accessibility.

DIA's price feeds are constructed by aggregating raw data from more than 85 on-chain and off-chain exchanges, ensuring accurate and reliable information. While DIA offers free demo oracles for developers to test, these are meant for testing purposes and not suitable for production applications. For users who require customized price feeds, DIA can build dedicated oracle solutions tailored to specific needs. This allows users to have custom configurations in terms of data sources, update mechanisms, methodologies, and more. To request a custom feed, users can directly reach out to DIA via Discord or Telegram.

DIA's price oracles have various use cases within the blockchain ecosystem. In the DeFi space, they can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Additionally, in the NFTfi sector, DIA's oracles can facilitate peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

Blockchain oracles, such as DIA's, play a crucial role in providing verified external data to smart contracts on the blockchain. They enable smart contracts to interact with data from the real world, enhancing the capabilities and potential of decentralized applications.

Why use DIA's POWR API & price oracle?

DIA's POWR API and POWR Price Oracle offer numerous benefits to users in the blockchain ecosystem. With DIA's technology, users can access accurate and dependable price data for cryptocurrencies and NFTs. The key advantage of utilizing DIA's API or Price Oracle for a specific token is the high level of customization available.

Each oracle and API endpoint can be tailored to meet the specific requirements of decentralized applications. This includes configuration settings such as the sources of data that make up the feed, the filters for cleaning the data, the pricing methodologies used to determine price points, and the frequency of updates. By customizing these settings, DIA ensures that the data and oracle remain robust and resilient to market conditions. This customization allows for a tailored solution that provides global market prices as well as specific individual or cross-chain market prices.

Transparency is another significant benefit of DIA's API and Oracle feeds. DIA's technology provides full and granular transparency throughout the entire data journey. Users can closely track and monitor the oracle and API feeds using DIA's tracking and monitoring tools.

In summary, the POWR API and POWR Price Oracle from DIA offer customizable solutions for obtaining accurate and reliable price data. These tools provide transparency and enable users to customize their data sources and update mechanisms, ensuring resilience to unique market conditions.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.