Solarex Review 2019 – Vision, Solution, Token

 

 

Solarex Review 2019 - Solarex ICO official logo image2

EXECUTIVE SUMMARY

Solarex is a platform that will provide cheap, decarbonized, efficient and sustainable energy for all while passionately focusing on customer satisfaction within the industry’s best standard and practice. Solarex will continually reinvent and explore new options in the energy market while providing value added services to their esteemed customers within a continent that is in dire need of energy.

Creating opportunities and making energy users become a part of Solarex project remains at the heart of their plans to revolutionize the energy market. The idea is to extend energy to users in a structured and simple manner that will impact positively on the entire continent in years to come.

 

SOLAREX VISION

Solarex Review 2019 - Solarex ICO platform

The ultimate vision at Solarex is to become the largest blockchain based, most efficient and sustainable energy provider, offering energy at an affordable price for all, setting a new standard for energy consumption and relentlessly, focusing on customer satisfaction. The target is to make Solarex Energy available across the globe, most especially in African markets with excellent service delivery. Which includes;

  • Establishing a sustainable and carbon-free Ecosystem,
  • To see energy consumers, generate fund from their home electric production,
  • To position Solarex as one of the top five Solar power providers globally,
  • To stay ahead in the market competition via continuous innovation and provide efficient service with value to each customer – URBAN + RURAL,
  • Set new standard for energy generation, distribution and consumption.
  • To give back to the community jobs, scholarship to a selected talented student from low-income families, and some form of small business funding to help famers and single mothers who want to get into business or learn a trade.

 

UTILITY TOKEN

Another main component of the blockchain integration is the Solarex Utility Token. This token will help to facilitate the purchase of energy in the ecosystem. Sharing of top up will be possible with the aid of the Solarex Utility token (SRX).

With the Solarex Utility token, users will have additional ease of making payment in Solarex ecosystem globally. Family and friends abroad will be able top-up family’s energy usage. Solarex token (SRX) will be used to incentivize energy consumers and investors in solar energy project.

Solarex Review 2019 - Solarex ICO SRX token usage

SRX token will be used to purchase solar energy, products and services from Solarex energy market place. The market place will link local solar energy producer and resources to consumers.

 

SMART METERING

Solarex Smart Meter (SSM) unique architecture and technology will allow it to be able to read energy data generated and consumed into the blockchain. SSM will be suitable for consumers at both domestic and commercial level. Solarex smart meter will come with many features which includes; theft detection technology to notify the involved parties of the potential breach in circuit. The Solarex Smart Meter is the main catalyst of the Solarex Ecosystem.

The smart meter will also come with load balancing system, it will be able to alert users when their top-up is running low and need to reload. The meter will be able to cut off or suspend an account without credit until top-up is done before it reactivates the account. Solarex Smart Meter will always synchronize with the Solarex mobile app. It will be able to perform wireless communication with Solarex control system using Internet of things (IOT).

The use of Solarex Smart Meter will eliminate problems such as;

  1. Energy thieves – Smart meter will detect any bridge in the network.
  2. Lack of transparency and security in energy transactions – Smart meter will give accurate energy consumption and users will be able to get real time report of their energy data.
  3. Poor capacity utilization in a critical plain area – Smart meter will ensure the actual energy purchased is delivered to consumer. Excess energy will be read by smart meter and referred into the grid.
  4. Adaptability and resilience – The Smart meter will be able to isolate a line in the grid that has a fault and allow the other parts of the grid to function without full disruption of energy supply to that network, thereby avoiding total blackout

 

Anti-Energy theft solution

The Solarex model comes with a unique Anti energy theft solution that will help checkmate the rampant cases of energy theft especially at the distribution supply chain end of the power sector. This innovative feature will be implemented via the Solarex Smart meter which is equipped with a sensor that will be triggered whenever there is a bypass within the distribution chain by users who may want to avoid paying energy bills.

Energy theft is a serious problem for the electricity supply industries in different countries with huge consequences in loss of revenue. The direct response to this huge challenge is the introduction of the Solarex Anti Energy theft solution that will help save millions of dollars and restore sanity to the energy industry.

 

ENERGY PAYMENT OPTION

Solarex will incorporate cryptocurrency payment options into its ecosystem, which will allow its users to make energy payment via Solarex token (SRX). By tokenizing its Smart MicroGrid, Solarex tokens can then be used to facilitate different types of energy market transactions. In this model, Solarex will be able to sell energy in the form of tokenized cryptocurrencies which can then be bought and traded like other cryptocurrencies.

Solarex Review 2019 - Solarex ICO description

 ENERGY DATA MANAGEMENT

Solarex will be leveraging on the use of Ethereum Blockchain to record, store and track energy data, including market prices and marginal costs. This will further reduce the chances for exploitation and manipulation. This feature will be both flexible (gathering information in a  Solarex (SRX) – new generation blockchain technology enabled Solar Power Solutions 40 format that is easily digested by all parties involved) and transparent.

 

ICO Detail

Token: SRX

Type: Utility

PreICO Price: 1 SRX = 0.05 USD

Price: 1 SRX = 0.05 USD

Platform: Ethereum

Accepting: BTC, ETH, LTC, DOGE, XRP

Soft Cap: 5,000,000 USD

Hard Cap: 30,000,000 USD

Country: UK

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