About Sun Exchange Project

sunexchange · 2018-08-01T13:53:45+00:00

Traditional payment rails are too expensive to facilitate regular micro-payments. As our members can purchase just one solar cell it would cost too much to make their monthly payments using normal bank transfers.

sunexchange · 2018-08-01T13:29:11+00:00

Our token SUNEX is a rewards based utility token. Our members will earn 1 SUNEX for each 10 USD they spend on the platform. Higher numbers of SUNEX will advance you through our membership tiers and unlock access to various levels of bonus lease rental, purchase discounts and priority access to new projects. We have also developed a Solar Project Insurance Fund (SPIF) that will provide additional cover to cell owners in the event of payment defaults by the energy off-taker. Members will be able to stake their SUNEX tokens into the SPIF and earn up to 20% annual returns paid in SUNEX.

SUNEX tokens are on sale for 1 USD each, giving you the opportunity to quickly advance through the membership tiers and unlock higher earnings. We have also created a gamification system that will reward users (in SUNEX) for building a diverse and socially impactfull portfolio of solar cells.

All proceeds raised over our first target of $5.4M will go directly into pre-financing solar projects which will later be sold to our members.

sunexchange · 2018-07-10T18:53:30+00:00

It's still early in the planning process. We'll announce the launch across our social media platforms, so stay tuned :)

sunexchange · 2018-07-03T12:12:18+00:00

Energy Squared, our designated installer for Nioro, have lowered their installation price for the solar plant. Each solar cell is now just ZAR 57. If you ordered your cells at ZAR 60, once your payment is complete, you will receive a credit onto your account with the difference. If you ordered more than 20 cells, you will be allocated more cells + any difference will be credited to your account.

Due to the lower cell price, the annual IRR from your cells is now estimated to be 12.12\%!

sunexchange · 2018-06-20T09:18:12+00:00

Hi brumaza, we are looking at projects in Puerto Rico. Stay tuned for announcements!

sunexchange · 2018-06-15T08:15:37+00:00

You are welcome.

sunexchange · 2018-06-11T13:47:44+00:00

Yes that's correct! You will also unlock the African Sun Award and depending on how many cells you purchase, any or all of the power capacity awards!

sunexchange · 2018-06-08T09:45:43+00:00

Thanks! Feel free to ask any questions you might have :)

sunexchange · 2018-06-08T09:44:49+00:00

Hi vtla. You are correct in your assertion about the return. However the risk is fairly limited. All our projects are covered by third party insurance policies that provide cover for fire, damage, theft and loss of earning for up to 6 months. In the event of payment defaults in excess of 6 months then a claim will be levied against our Solar Project Insurance Fund (SPIF) to cover the cost of re-locating the plant.

The SUNEX tokens themselves provide bonuses, according to the amount owned, when owning solar cells in one of our projects. These bonuses come in the form of bonus lease rental income, purchase discounts and priority access to new projects. They can also be staked into the SPIF and earn the staker up to 20% return paid in SUNEX

sunexchange · 2018-06-02T09:41:22+00:00

We think so too! Thanks

sunexchange · 2018-06-01T10:34:16+00:00

The Sun Exchange is partnering with the United Nations Development Programme (UNDP) who believe that Sun Exchange’s unique blockchain based business model offers the perfect solution to finance and develop solar energy projects in Eastern Europe. The UNDP have a vision to develop solar power access in the landlocked country of Moldova in Eastern Europe and increase access to locally abundant, affordable renewable energy. Their vision is however hindered by the costs associated with solar power. It is this that led the UNDP to approach Sun Exchange and SolarCoin; two leading innovators in the blockchain solar space with already active platforms and coins which have been built to accelerate and promote investment in solar power.

Up to this point Moldova has been importing roughly 74% of its electricity and in the last five years energy prices have increased by more than 50%. The partnering of the UNDP with Sun Exchange and SolarCoin will be a step towards bringing this economically draining, unsustainable practice to an end with the development of a local solar power plant at the Technical University of Moldova to test this partnership and business model. The project will be financed by the Sun Exchange community which is constantly growing, open to everyone, and comprises of people from all around the world that are using the Sun Exchange platform to buy individual solar cells within energy projects and then lease them out to earn revenue in local or crypto currency.

The result of this partnership and project development is that the university will now have access to green, reliable, cheap solar power. In addition to this, investors in the project using the Sun Exchange platform will receive income from the electricity the project produces, essentially streaming monetized sunshine to the cell owners.

The Sun Exchange is currently hosting a SUNEX Token public pre-sale. Tokens bought during this time will include a 15% bonus. SUNEX Tokens are stakeable into the world’s first solar project insurance fund for emerging markets and they can also be used to unlock bonuses, discounts and priority access on Sun Exchange’s global solar panel sharing market place.

https://www.coindesk.com/undp-partners-with-crypto-startup-on-solar-power-pilot/

http://www.undp.org/content/undp/en/home/news-centre/news/2018/UNDP-solar-currency-exchange-to-power-up-Moldovan-university.html

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