Australia’s Powr Ledger on Problems for Paying Reviews

Australia’s Powr Ledger on Problems for Paying Reviews

Australian Blockchain startup Powr Ledger has received sanctions as Securities Commissioners and trade experts found the company paid for glowing reviews.

Reviews and comments were saying that peer-to-peer electricity-trading startup Powr Ledger attracted the interest of Elon Musk, the founder of Tesla, were false and paid for the Australian company, according to an article recalled by the local newspaper Financial Review.

Among other false claims, “the Australian company rewarded spruikers with free allocations of its power token, but denies responsibility for their embellishments,” says the media.

On the other hand, “Powr Ledger chairman Jemma Green maintains that spruikers posted the misleading reviews while operating outside of its control,” the report affirmed.

In this framework, Australian Securities and Investments Commission head John Price stated that all paid reviews or marketing actions should be disclosed.

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