Solarex (SRX Token): Powering Africa Project

AFRICA ENERGY SYSTEM ISSUE

Africa’s energy systems face an enormous challenge. The region currently generates the lowest amount of electricity in the world  and experiences the most acute forms of energy poverty. Numerous Africa people live without reliable access to electricity, and others are forced to rely on solid biomass to cook their food and heat their homes. The results are deprivation, pollution, environmental damage, drudgery, and forgone economic opportunity. Compounding these challenges is Africa’s vulnerability to climate change, which means that traditional pathways to increasing energy supply, based on the burning of fossil fuels, will become increasingly enviable.

Generally, Africa's energy system challenges, as it found at https://solarex.io/blog/solarex/current-problems-in-the-power-sector-and-why-solarex-remains-the-best-solution/,  are include in:

> Minor of grid power 

> Poor capacity utilization

> Erratic power supply due to grid instability

> Very high cost of electricity.

> Very low installed capacity

> Excessive CO2 emission

> Lack of transparency and security in power transactions

> Corruption across the power value chain 

> Sabotage/destruction of power installation facilities by vandals

> Monopoly market

In fact, renewable energy resources are plentiful in Africa, including solar, wind, biomass, geothermal and hydro. These resources are spread across the continent and could provide affordable and secure supplies of energy where they are in high demand. Renewable could help diversify energy supply and contribute to universal and sustainable energy access. Markets for renewable energy are growing fast in some countries in Africa and that trend is spreading. A long-term vision to support effective investment in renewable is crucial to ensure the best use of available regional resources by countries and regional groups.

In the first decade of the twenty-first century, solar energy emerged from the shadows and the gloomy picture of Africa’s geological environment to become not only a major source of power but also a platform on which new businesses and opportunities flourish. Globally, there are around 1.4 billion people without access to grid electricity but who enjoy sunlight most days of the year. Harnessing solar power is fundamental not only to poverty alleviation but also to economic development. If Africa ever hopes to combat this problem, the African energy sector must depend greatly on solar power.

BLOCKCHAIN TECH FOR ENERGY SECTOR

The emergence of Bitcoin in 2009 introduced the world to the blockchain concept and its ability to revolutionize the payment system. Over time, many have realized that the blockchain can be applied to many different industries, including the energy sector. 

Blockchain technology reduces transaction costs: recording every transaction, it can be identified on the public record by all parties of the transaction. Blockchain allows consumers to produce energy, and to trade it directly with other consumers in a peer-to-peer network.

Therefore, also in the energy sector, blockchain technology has the potential to play a significant and potentially game-changing role:

> It may lead to reduced costs of utility bills and/or reduced transactions costs in wholesale market for gas or electricity limiting the need for working capital.

> Game-changing will be the impact of blockchain technology on the communication possibilities among energy devices (water heaters, electric vehicles, batteries, solar PV installations, etc.) and with the grid operator (smart grids).

> Lowering costs are also expected due to more information for utilities and grid operators for the integration of volatile renewable energy capacity into the grid.

> The source of electricity can be identified; for example, with blockchain technology it can be possible to identify whether the kWh a consumer currently uses has been produced via renewable energy systems or via traditional ones.

> Like for many “new” technologies, people are overestimating the impact in the short run, but underestimating it in the long-run! Many use cases will come up in the future and in remote areas.

POWERING AFRICA PROJECT

Solarex Powering Africa Project is a blockchain based energy solution designed to offer sustainable and efficient energy by providing energy at a low and affordable price for all, thanks to its high tech solar energy solutions. The company aims to achieve this goal by using the Blockchain technology.

Solarex energy solution is looking to become the largest, most efficient and sustainable solar energy provider in Africa by offering energy at a cheap and affordable price for all while setting a new standard for energy consumption and relentlessly focusing on customer satisfaction (https://solarex.io/blog/cryptocurrency-and-ico/the-amazing-vision-of-solarex/). The company has put itself in the right position with its Powering Africa Project.

The solar solution will be developed on blockchain technology with decentralized ledger for greater flexibility of customers who can transact in power with the company and within the peer community in a secure and transparent manner.

Solarex is going to develop the Solarex App for both iOS and Android. Solarex will also distribute Smart Meters to all their customers which will come with a display screen with real-time data on how much energy is being produced and consumed in SRX.

Solarex model offers a clean, cleaner and cheaper renewable source of energy solution for retail customers based on blockchain technology with simple financing options and investment opportunity via Solarex token. The Solarex ICO where the SRX Utility Token will be sold is designed to raise and guarantee funds for the Powering Africa project.

SOLAREX: SRX TOKEN 

The SRX Utility Token is purpose-backed hence, tends to appreciate in value in a relatively short while especially as it will be running low very fast. This is particularly true as the project will be affecting millions of lives in Africa and the rest of the world, providing a long-term solution to one of the biggest problems in the region.

In addition to being a great contribution to solving a major problem in Africa, the token has also been described as “the investors’ ultimate choice” due to its unique features and investment prospects.

SRX TOKENOMIC

General Information:

Category: Energy Industry

Country: UK

Website: Visit

Whitepaper: Read

Bounty: Active

Token Information: 

Token: SRX

Platform: Ethereum

Type: ERC20

Total Amount Tokens for sale: 1,800,000,000

> Pre-ICO: 1,000,000,000

> ICO stage 1: 6,000,000,000

> ICO stage 2: 5,000,000,000

> ICO stage 3: 4,000,000,000

> ICO stage 4: 2,000,000,000

Token Price: 

> Pre-ICO: 0.05 USD

> ICO stage 1: 0.06 USD

> ICO stage 2: 0.07 USD

> ICO stage 3: 0.08 USD

> ICO stage 4: 0.09 USD

Investment Information:

Accepting: BTC, ETH, LTC

Distributed in ICO: 75%

Soft cap: 5,000,000 USD

Hard cap: 120,000,000 USD

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