The Sun Exchange (SUNEX) ICO Rating, Reviews and Details

ICO

May 21, 2018

Dec 31, 2018

100% completed

$2 362 571

hard cap

cap

9% cap completed

25 000 000.00 USD

100 000 000.00 USD

past

1 SUNEX

=

1 USD

PreICO

Apr 22, 2018

May 21, 2018

100% completed

Raised funds - no Data

past

Token Details

Ticker

SUNEX

Total supply

266666667

Accepted Currencies

ETH, BTC, FIAT

Min Contribution

100

USD

Company Details

Registered Country

South Africa

Additional Details

Platform

Etereum

KYC

Yes

About The Sun Exchange

The Sun Exchange

Sun Exchange is a marketplace for conscious capital to build and accelerate the global transition to solar energy. The company leverages the decentralised and democratic crypto-economy to make solar power and its economic, social and environmental benefits more accessible and inclusive.

Through the Sun Exchange online platform, anyone with an internet connection can purchase solar photovoltaic cells, and lease them to businesses, hospitals, schools and other organisations located in the sunniest regions of the planet. Solar cell owners receive lease rental payments, paid optionally in fiat or bitcoin, while offtakers enjoy the benefits of affordable clean energy.

Solar cells purchased through Sun Exchange provide a unique opportunity to earn income while helping to solar power developing regions, supporting the global transition to clean power, and taking action against climate change. Sun Exchange solar cells also offer a convient way for individuals who are new to cryptocurrency to start building cryptocurrency wealth backed by tangible assets that are managed, maintained and insured. Additionally, Sun Exchange enables cryptocurrency holders to diversify their assets and convert theoretical wealth into tangible and valuable energy-generating solar assets.

SUNEX tokens will be available to the general public and existing platform members. The tokens are designed to make solar asset ownership through Sun Exchange more affordable and rewarding, while making electricity production more profitable and accessible. SUNEX tokens may be staked on the Sun Exchange platforms new Solar Project Insurance Fund to provide a buffer against losses from solar lease contract defaults. The SPIF provides more secure solar asset ownership opportunities for Sun Exchange members. SUNEX token benefits also include a loyalty programme which unlocks access to solar cell purchase discounts and rental bonuses, and gamification features designed to diversify and maximise impact of members solar cell portfolios. The more SUNEX a Sun Exchange member owns, the higher they progress through the tiers and the more valuable their benefits become.

Features

● Stakeable into a Solar Project Insurance Fund (SPIF). This unique token staking use case
will provide default insurance to solar projects in emerging markets. Staking SUNEX in the
SPIF offers up to a 20 percent return paid in SUNEX.
● Discounts and bonuses when using the Sun Exchange Platform.
● Priority access to projects.
● SUNEX tokens can be earned through using the gamified rewards programme. SUNEX
is unlocked upon completing specific achievements when building a diverse and socially
impactful solar cell portfolio.

The Sun Exchange Roadmap

October 2014 - December 2015

Joined Microsoft Bizspark, Founder Quit Job, Raised Funds
Abraham Cambridge pitched “solar powered money” to a panel of judges and was accepted into Microsoft Bizspark’s Cape Town business incubator. Abraham soon quit his prestigious solar engineering job to build the business full time. Sun Exchange then smashed it on Indiegogo, with over 100 enthusiastic backers in 30 nations contributing 1.5x the funding target.

March 2016

World’s First Bitcoin To Solar Project.
Sun Exchange pioneered the bitcoin solar crowd sale, successfully financing the Stellenbosch Waldorf School rooftop PV system in Cape Town, South Africa. From this, Sun Exchange placed first in SWIFT Innotribe’s African Startup of The Year Award.

July 2016

VC Invested, CFO Joined.
Adam Draper’s Boost VC invested $60,000 in Sun Exchange, and hosted Abraham and Larry Temlock (the newly-appointed CFO) for three months at their ‘making sci-fi a reality’ accelerator program in San Mateo, California. Sun Exchange refined the own-and-earn bitcoin solar product and business model. Representing African fintech innovation, Sun Exchange presented to a packed audience in Geneva, Switzerland.

August 2016

First Solar Plant Went Online.
The Stellenbosch Waldorf School plant went live. Customers in 21 countries began receiving a steady, monthly stream of South Africa Rand and bitcoin solar rental income. Sun Exchange’s success helped it place first in the 2016 Fintech Africa Awards and became The Best Bitcoin and Blockchain Business in Africa.

January - May 2017

More Solar Projects Completed.
Sun Exchange funded its second and third solar projects, with a funds coming from customers throughout the world. One project was a tire recycling factory; the other a wildlife refuge and veterinary hospital. The company continued to win acclaim, placing first in the prestigious Dubai SDO Global Blockchain Challenge, and winning the Mondato social impact in fintech award.

August 2017

Techstars Program, Equity Raise.
Sun Exchange secured equity investment of $1.6 million after completing the world’s premier tech business accelerator and mentorship program: Techstars.

September 2017

A Successful Business: More Solar Projects Funded.
Sun Exchange account holders grew to 3000, and the pipeline of viable projects expanded, with requests coming from around the world. Sun Exchange announced two new opportunities: a rural micro-grid in Lesotho, and an elephant sanctuary in South Africa. Over 15,000 solar cells were sold to power the Knysna Elephant Park, and construction commenced.

October 2017 - January 2018

SUNEX Token Sale.
To make distributed solar infrastructure ownership truly available to everyone, and to make solar cells a new tradable P2P asset class, Sun Exchange designed the SUNEX token. A SUNEX token represents solar cells and other assets in a compounding infrastructure pool, all recorded as digital tokens on the Ethereum blockchain. By invitation only, backers began to contribute to the launch of the SUNEX token in September.

January 2018

First Solar Project in Middle East.
Sun Exchange will begin its first project in Dubai, with partner Dubai Solar Schools. Sun Exchange will support Dubai’s twin goals of becoming the world’s first 100% blockchain city, and becoming 7% powered by clean energy before 2020. Sun Exchange will roll out new platform features, including more real-time project operating info and increased flexibility in account management.

From February 2018

Execution of Global Solar Projects & Cell Towers.
Sun Exchange will deliver its pipeline of global solar projects, with SUNEX token holders democratically involved. Proposed projects include multi-MW of commercial and community solar plants in Africa, Latin America, the Middle East and Asia. The 50 MW Dubai Solar Schools project will get particular focus, due to the Dubai government’s support for blockchain-enabled solar. Co-located infrastructure projects such as cell towers, water purification plants, cryptocurrency mines and others are integrated into the SUENX solar power infrastructure pool, increasing downstream value from diversified revenue sources.

From March 2018

Secondary Market For Solar Cells.
Sun Exchange will arrange for listing of SUNEX tokens on major cryptocurrency exchanges, increasing access and liquidity for all.