Solarex

Solarex

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Created using Figma

Last Update

May 25, 2018

Solarex Approximately 1.5 billion people worldwide can not access electricity and more than 3 billion people depend on the main biomass for cooking. This figure does not include 1 billion people without options, but depends on daily electric fossil fuel power generators. African countries have the lowest access to electricity and more than 90% of African people are ranked among the top 10 generators that burn biomass or fossil fuels for cooking. Indoor air pollution due to carbon monoxide in the stove is a major cause of the death of adults and children in developing countries, and this value is a combination of malaria and tuberculosis. In Nigeria, more than 6 billion Nigerians own fossil fuel generators annually and spend more than $ 3.5 billion annually on generator by cutting energy supply. Millions of other inhabitants are in a remote location out of the grid.
ICO Public Sale
Mar 15, 2019
Apr 30, 2019
79% completed
Raised funds - no Data
ongoing
Pre Sale
Jan, 2019
Feb, 2019
100% completed
Raised funds - no Data
past
ICO
Jan 28, 2019
Apr 30, 2019
90% completed
Raised funds - no Data
Goal 5 000 000.00 USD
Cap 65 000 000.00 USD
ongoing
  • 1 SRX
    =
    0.05 USD
Token Details
Ticker
SRX
Total supply
1,800,000,000
Token Distribution
75% - Token Sale
12.5% - Reserve
2.5% - Team and Advisors
10% - Bounty and Bonus
Accepted Currencies
ETH, BTC, LTC, DOGE
Company Details
Registered Country
United Kingdom
Bonus Structure
15.06-29.06 - 10%
30.06-14.07 - 3%
15.07-29.07 - 1.2%
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
KYC
Yes
Restricted Countries
China
Categories
Energy

About Solarex

Solarex ICO Project is an innovative, disruptive, decentralised, decarbonised, and democratised blockchain based solar energy ecosystem. An ecosystem that will offer Cleaner and cheaper energy for all.

Our Vision

To become the largest blockchain based solar energy provider, most efficient and sustainable energy ecosystem, 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

Why Solarex is Needed

1.5 billion people across the globe lack ELECTRICITY supply, half of which live in AFRICA, (Daily Post Nigeria 2018).

Across 36 AFRICAN countries, just 4 in 10 enjoy a reliable supply of energy throughout the day, this means regular blackouts and vulnerable security (CNN 2016).

7 out of every 10 people DO NOT have access to electricity in Sub-Saharan Africa (washingtonpost, 2015)

The Problems Solarex Has Identified

  • An absence of grid power in remote and developed location.
  • Lack of safety and reliability.
  • Environmental and Public health; Major hazards from the polluting energy sources.
  • Lack of transparency and security in power transactions.
  • Adaptability and resilience; regular blackout from power failure.
  • Unaffordable energy cost.
  • Unnecessary loss of energy in a centralised grid during transmission.
  • Market entry barriers both as a producer and as a consumer (e.g. financing and Setup charges).
  • Poor capacity utilisation in a critical plain area.
  • Energy thieves.

How Solarex will Address Problems

Solarex has come up with a unique solution and strategies to remedy the global mammoth energy crises. The Solarex Ecosystem which is design upon 8pillars, When fully implemented It will be 'ENERGY FOR ALL'

Blockchain and Smart contract application will eliminate the following problems;

  • Lack of transparency and security in power transactions.
  • Poor capacity utilisation.
  • Fraudulent activities.

Peer 2 Peer Energy Trading will address the following problems in the current electricity network;

  • Unnecessary loss of energy in a centralised grid during transmission.
  • Poor Capacity utilisation.
  • Adaptability and resilience.
  • Excessive load in a centralised system.

Smart Meter will address the following problems;

  • Energy theft – Smart meter will detect any bridge in the network.
  • Lack of transparency and security in energy transactions – Smart meter will give accurate energy consumption and users will be able to get a real-time report of their energy data.
  • Poor capacity utilisation in a critical pain area – Smart meter will ensure the actual energy purchased is delivered to a consumer. Excess energy will be read by a smart meter and referred into the grid.
  • Adaptability and resilience – The Smart meter will be able to isolate a line in the grid that has a fault and allow the other part of the grid to function without fully disruption of energy supply to that network. Thereby avoiding a total and regular blackout.

 AI and IOT will eliminate the following problems;

  • Unnecessary loss of energy in a centralized grid during transmission: The use of Artificial Intelligence (AI) in the Solarex ecosystem means the Solarex energy network will be very intelligent and be able to determine factors consumer consumption habit, consumers distant from nearest solar energy generating point. These data will be used by Solarex to deliver better services.
  • Poor capacity utilization in a critical plain area: The use of AI will ensure that the right amount of energy is delivered to the right consumer.
  • Adaptability and resilience; regular blackout from power failure: The IoT provides the intelligence for you to identify issues in real time, as the error occurs so the source can be located and resolved quickly.

Smart Microgrid will solve the following problems;

  • An absence of grid power in remote locations – Microgrid can be set up in any small settlements to take cake of energy distribution in a locality.
  • Safety and Reliability – Solarex Microgrid will be below ground in most cases and if a microgrid is down, it will not affect other microgrids unlike the centralised network.
  • Adaptability and resilience; regular blackout from power failure – Solarex microgrid will also contribute to solving this problem as Solarex grid is a smart one that will detect any problem and relay messages to an operator in Realtime. Each grid is a segment of its own and cannot affect operation in another grid.
  • Unnecessary loss of energy in a centralised grid during transmission – Solarex is using the latest technology and Solarex smart grid has inbuild parameters to help curtail this problem.

Solarex Project financing options will solve the biggest problem –

Market entry barriers both as a producer and as a consumer (eg, financing and Setup charges). Resolving the problem of financing project will create room for wider adoption of Solarex ecosystem, thus more people, communities, villages and towns will have equal opportunity to access energy

Solar energy will to a large extent solve the problems below;

  • Environmental and public health; Major hazards from the polluting energy sources – Energy will be generated from the Sunlight, thereby eliminating the burning of fossil fuel or use of nuclear (Radioactive) elements to generate energy.
  • Access to energy in a remote location – there will no longer exist the need to transport energy over a long distance to a remote location.
  • Centralisation problems – energy will be generated in a decentralised method and it will eliminate ineffectiveness of the centralised grid.
  • Unaffordable energy cost – solar energy is one of the cheapest forms of energy generation as such the problem of high cost of electricity will also be eliminated.
  • Energy theft – Solarex Ecosystem will eliminate energy thieves with the home-based energy generation will put an end to energy theft.

Features

Peer2Peer Energy Trading 

Project Financing Platform

Smart Meter

Solar Farms

Home Solar Solutions

Solarex Roadmap

  • Q1 2017

  • Concept Formulated.
    Market Feasibility Assessment .
  • Q2 2017

  • Research and Evaluation.
    Data Analysis.
  • Q3 2017

  • Business Model Initiated.
    Team Building Initiated.
  • Q4 2017

  • Website Development.
    Technical Feasibility Assesment.
    Marketing and HR.
  • Read More
  • Q1 2018

  • Solarex ICO Platform Launched.
    Marketing Campaign.
  • Q2-Q3 2017

  • Solarex Pre -ICO.
    Solarex ICO Public Events.
    Team Inauguration Meeting.
  • Q3 2018

  • Solarex Farmland Acquisition Initiated.
    Design And Manufacture of Products Commenced.
    Solarex Application Development.
    Solarex Blockchain Development.
    Listing Of SRX Token In Exchange.
    Wallet Development.
  • Q4 2018

  • First Batch of Solar Farm Equipment Arrives Nigeria.
    The launch of Solarex Lease PV.
    The launch of Solarex Outright Sale PV.
    Solar farm Installation.
  • Q1 2019

  • Solar Farm Testing.
    Smart Meter Testing.
    Blockchain Integration With Solar Farm Testing.
    Mobile App Testing.
  • Q2 2019

  • Solar Farm Launched.
    Full Solarex Ecosystem on Pilot Testing in Nigeria.
    Scaling of Solarex Operations.
    Operation Licenses in Place.
    Expand Product Marketing Team.
  • Q3 2019

  • 2nd Solar Farms Launched With full Operational Ecosystem.
  • Q4 2019

  • More Solar Farms Launched With full Operational Ecosystems in Nigeria.
  • 2020 - 2025 Q1 - Q4

  • Rapid Deployment/Expansion Across Africa, as Decided in the Operational Growth Management Plan.

Activity

Posts:
373
HIGH
Followers:
2 223
MEDIUM
Likes:
2 191
MEDIUM
Followers:
20 767
VERY HIGH
Tweets:
569
VERY HIGH
Fake Users Detected:
3.10%
30 Days Growth:
614
Alexa

Rank:
2 358 865
VERY LOW
Delta:
-306 334

Solarex Materials

Solarex Team

Verified 8%

Attention. There is a risk that unverified members are not actually members of the team

Oti Edema
Founder, CEO
verified
Sanjib Saha
Result-oriented Senior Professional
unverified
Sameep S
Experienced web developer and Blockchain expert
unverified
Ranit Saha
Masters in Technology
unverified
Himani A
HIMANI A PMP certified project manager
unverified
Azmat Ali
ACCA Certified Accountant
unverified
Sadjere Clement
A certified SPPA-T3000 control system expert
unverified
Kyrylo Ivanov
Senior Linux Administrator
unverified
Kanti Sangma
Web developer/ designer
unverified
Dattatray N
Lead Engineer
unverified
Jin C
Software/hardware engineer
unverified
Krunal B
Senior Automation and Instrumentation design engin...
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Hasnat K
Advisor
unverified
Masoud Hakimi
Director, Micrologic Design, UK. Lecturer Anglia R...
unverified
Tim Reynolds
Chartered Engineer & Environmentalist
unverified
Kien Nguyen
Advisor
unverified
Adrian Edema
Editor in Chief of NGR News
unverified
Rashid Qayyum
Advisor
unverified
Hua Tuan
Advisor
unverified

Solarex Interviews

Oti Edema
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
ICO Founder/ Concept designer. Oversee the general management of the ICO.

Solarex Last News

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