Post
Topic
Board Announcements (Altcoins)
Re: POWER LEDGER TOKEN SALE Powerledger.io is a scam don't loose your ETH!!
by
COINCHIC
on 22/09/2017, 11:09:33 UTC
The website says they are selling 140 million coins, but etherscan shows there is 1 billion, which could mean a 860 million premine, or am i wrong?

Link here https://etherscan.io/token/0x595832f8fc6bf59c85c527fec3740a1b7a361269

Ye.  I looked at that too. Checkout the token paper.  https://tge.powerledger.io/media/Power-Ledger-TGE-Token-Paper.pdf  Looks like they have tokens escrowed for future developments of platform and for encouraging energy companies and utilities to use platform. Think that creates demand for POWR in the future and also makes sure platform can grown.  With the escrow it looks ok.