What is PowerXchange?
PowerXchange is a decentralized energy trading platform that allows prosumers (producers and consumers of energy) to trade surplus renewable energy directly with other users.
How does PowerXchange work?
PowerXchange uses its native blockchain, the PowerX-Network, to facilitate secure and transparent energy trading. Prosumers can list their surplus energy, and consumers can buy energy directly from them at mutually agreed prices.
What types of energy can be traded on PowerXchange?
The platform primarily supports the trading of renewable energy, including solar, wind, and other green energy sources.
How do transactions take place on PowerXchange?
All transactions are conducted using smart contracts on the PowerX-Network blockchain. These contracts automatically execute when certain conditions are met, ensuring transparency and security.
Is PowerXchange secure?
Yes. PowerXchange uses advanced encryption techniques and blockchain technology to ensure all transactions are secure, transparent, and tamper-proof.
Is there a minimum investment to start trading on PowerXchange?
The minimum investment depends on the energy generation setup you have in place. However, to actively participate as a prosumer, you need to have a renewable energy generation source (like solar panels) that can produce surplus energy.
How is the price of energy determined on the platform?
The price of energy on PowerXchange is determined by market demand and supply. Prosumers set their own rates, and consumers can choose the best offers available.
Is PowerXchange available worldwide?
PowerXchange aims to operate globally; however, availability may depend on local regulations and infrastructure. Please check the platform for the list of supported regions.
How can I get support for using PowerXchange?
If you need help, you can visit our Support section on the platform or reach out to our customer service team via email at support@powerxchange.io.
