Solarex ico

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Solarex - Powering Africa Project[edit]

Solarex ICO Project is tagged Powering Africa Project. It is an innovative, disruptive, decentralised, decarbonisied, and democratised blockchain based Solar energy solution. Details are on the Solarex ICO website

The Africa Blockchain Research Council is proud to be the brain behind the Solarex tokens. The Solarex token which is billed to become one of the biggest players in the renewable energy market in Africa, offering energy at an affordable price for all, and setting a new standard for energy consumption and relentlessly focusing on customer satisfaction at all times, is already in Pre-ICO stage.
You can check the Solarex ICO whitePaper for full details.

The Problem[edit]

The fact that Africa is hungry for energy is an understatement, when we consider the huge population in the continent (1.2 billion as at 2017). Unfortunately, just over 28GW of electricity is presently available as Energy generation capacity in the continent.
To say the continent is in a dire stretch is stating the obvious, as Tanzania for example has just 15.3% of its total population having access to electricity. Niger has just 14.4% of its population been able to access electricity.
In Sierra Leone, the percentage of citizens having access to electricity is 14.2%. South Sudan has the most deplorable record in terms of electricity penetration in Africa, as only 5.1% of its population has access to electricity.
The use of Generators as alternative options to power homes in Africa has not yielded the desired results, as it remains the chief cause of CO emissions and environmental hazards in the continent. You can check the Solarex ICO whitePaper for full details.

The Solution[edit]

The solution to the mammoth energy crises in Africa is a Blockchain Based Solar Energy Ecosystem Supported by Smart Grid and Smart Metering Monitoring Regarding Energy Produced and Consumed in the grid. At same time A smart Contract to take care of the transactions which will ensure that energy data registered to the blockchain remains unchangeable after validation.

The birth of the “Powering Africa Project” has no doubt raised hope of the possibility of creating a cleaner and cheaper solution to the huge energy demand problem in Africa. Solarex which will unleash the twin power of renewable energy and Blockchain technology has been tipped to disrupt the energy market in Africa within the next few years.
The Solarex token which is already in Pre-ICO stage, has huge prospect, with the possibility of creating opportunities for homes in both remote and urban areas to have access to clean and cheap electricity.
You can check the Solarex ICO whitePaper for full details

Our Vision (Business Model)[edit]

At Solarex, our vision is to become the largest, most efficient and sustainable energy provider, offering energy at a clean, cheap and affordable price for all, and setting a new standard for energy consumption and relentlessly focusing on customer satisfaction. You can check the Solarex ICO whitePaper for full details.

SRX Utility Tokens[edit]


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The Solarex (SRX) Utility Token which was birthed in 2017 via research efforts of the Africa Blockchain Research Council (ABRC), is a combination of Blockchain technology and renewable energy. The Solarex (SRX) Utility token will be hosted on the Ethereum platform as a means to ensure a full fledge democratization of the Solarex ecosystem.

The Solarex Utility Token is a direct response to finding a solution to the huge energy problem in Africa. The energy crisis which has seen more than 630 million Africans been deprived of electricity over the past two decades, attracted the ABRC to put together a team of experts in Blockchain, renewable energy and the power industry.
The idea metamorphosed into what is now known as the Solarex token which will be deploying Blockchain technology in driving the renewable energy revolution in Africa. You can check the Solarex ICO whitePaper for full details.


Conclusion[edit]

The Solarex Utility Token will hopefully deploy a decentralized network of energy resources connecting its users via blockchain technology. The end result will see a rapid improvement in access to clean and affordable electricity, which only 5.1% of the total population of the African continent translating to 612,000 of her population presently has no access to electricity.

Solarex Utility Token holders can readily access the solarex ecosystem via which will eventually have the multiplier effect of lighting up Africa and having a positive impact on economic growth in the African continent. It is a technology that is been powered to succeed based on its assured value creation that will rely heavily on solving real life problem facing the continent of Africa. You can check the Solarex ICO whitePaper for full details.

See Also on BitcoinWiki[edit]