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Solarex (SRX) ICO

ICO
Past
Apr 10, 2019 – May 30, 2019

Solarex energy solution aims to become the largest sustainable solar energy provider in Africa.

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Solarex (SRX) ICO ratings

ICObench.com Solarex (SRX) icobench 3.8 / 5
ICOmarks.com Solarex (SRX) icomarks 9.6 / 10
TrackICO.io Solarex (SRX) trackico 5 / 5
ICOholder.com Solarex (SRX) icoholder 3.6 / 5
Our rating
8.6
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Overview

Project industry Energy & Utilities
Product type Service
Founded United Kingdom

What is Solarex

Solarex is a platform that will provide cheap, decarbonized, efficient and sustainable energy for all while passionately focusing on customer satisfaction within the industry’s best standard and practice. Solarex will continually reinvent and explore new options in the energy market while providing value added services to our esteemed customers within a continent that is in dire need of energy. 

Creating opportunities and making energy users become a part of Solarex project remains at the heart of our plans to revolutionize the energy market. The idea is to extend energy to users in a structured and simple manner that will impact positively on the entire continent in years to come.

PURPOSE

The purpose of this document is to provide an overview of the of Solarex Model for disruptive, decarbonised, decentralised and democratised Solar Energy Project. It is assumed that the reader has a basic understanding of the energy market, blockchain technology, crypto utility token, project financing, energy regulatory and policy.

Solarex Solution in a Community

The solution to the current energy crises must be a vibrant, robust, and sustained system. This is exactly what the Solarex Model offers. We believe that the preferred solution to the current energy crises should be a robust and sustainable system which makes the best use of contemporary and emerging technologies including blockchain, smart contracts, solar farms, home PV (home solar system), smart microgrids, smart meters, internet of things devices and P2P energy trading. The Solarex Model is a one-stop to low carbon economy at the same time offering cheap, secure and cleaner energy for all.

Solarex will map out the considerable radius and sometimes based on the numbers of consumers in a given location, we will determine the numbers of consumers that will be able to connect to a specific microgrid. The microgrid will connect all consumers, both those with home solar installation and those without to the solar farm. All consumers will have Solarex smart meter to be able to tap and trade energy from the microgrid.

The main source of energy generation will be from a solar farm, and the size of the farm will depend on the size of the area to be served. The solar farm's smart meter records the energy generated and records this on the blockchain. The smart contract in the blockchain is an essential feature as all transactions will be done through the smart contact. All consumers will be connected to the blockchain via the smart meter and will be connected together through the smart microgrid that will allow bidirectional electric flow.

Consumers with the Rooftop solar panel will be in two types - those that have fully owned Solar PV installed, and those that are on a lease. The consumers that are on lease, will have Solar panels installed on their homes through one of the various financing options Solarex will be offering.

Also, the last set of consumers within the Solarex Model are those that consume energy directly from the solar farm, these set of consumers do not have home solar installations, therefore, will buy energy directly from the Solar Farm. And these set of consumers will be able to purchase energy from neighbours selling their excess energy through a platform called the peer2peer energy trading platform.

SOLAREX VISION

The ultimate vision at Solarex is to become the largest blockchain based, most efficient and sustainable energy provider, 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. Which includes;

  • Establishing a sustainable and carbon free Ecosystem,
  • To see energy consumers, generate fund from their home electric production,
  • To position Solarex as one of the top five Solar power providers globally,
  • To stay ahead in the market competition via continuous innovation and provide efficient service with value to each customer – URBAN + RURAL,
  • Set new standard for energy generation, distribution and consumption.
  • To give back to the community jobs, scholarship to selected talented student from low income families, and some form of small business funding to help famers and single mothers who want to get into business or learn a trade
  • Details

    Pre-sales: Jan 28, 2019 - Mar 14, 2019
    Public sales: Apr 10, 2019 - May 30, 2019
    Token supply: 1,344,000,000
    Total tokens for sale: 1,344,000,000 SRX
    Soft cap: 5,000,000 USD
    Hard cap: 30,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Country limitations: China, United States
    Registration country: United Kingdom
    Office address: 51 Duke Street, Chelmsford , Essex, CM1 1JA United Kingdom

    Bounty

    Social media: 88%
    Other: 12

    Token info

    Ticker: SRX
    Type: Utility-token
    Token standard: ERC-20
    Token price in USD: 1 SRX = 0.05 USD
    Accepted currencies: BTC, ETH, LTC, BTC, DOGE, XRP
    Bonus program:
    15.06-29.06 - 10%
    30.06-14.07 - 3%
    15.07-29.07 - 1.2%
    Token distribution:
    75% - Token Sale
    12.5% - Reserve
    2.5% - Team and Advisors
    10% - Bounty and Bonus
    Funds allocation:
    60% - Product Development
    20% - Marketing and Training
    20% - Operation, Security, Legal and Reserve

    Offices on the map

    Solarex Roadmap

    1
    2017 Q1 - Q4

    Concept Formulation
    Market Research
    Business Model Initiated
    Team Building
    Technical Feasibility Assessment

    2
    2018 Q1 - Q2

    Whitepaper Writing
    Marketing Campaign
    PreICO Initiated
    PreICO Suspended

    3
    2018 Q3

    Introduction of Top-rated Advisors
    Product Review and Updates
    Community Building
    Whitepaper Updates
    PFP Demo Development

    4
    2018 Q4

    Whitepaper Updated and Published
    ICO Website Redesign and Published
    Private Sale
    PreSale
    MVP Development Commences
    Exchange Listing Negotiation

    5
    2019 Q1

    P2P Energy Trading MVP Launched
    ICO (Stage1 - Stage3)
    Partnership Development
    Token Listed in Exchanges
    PFP Platform Development
    Mobile Application Development
    Solarex Energy Website Development

    6
    2019 Q2

    Acquisition of Farmland for Solar farm
    Application for IPP License
    Design and Manufacture of Solar Products
    Solar Farm Equipment Arrives in Nigeria

    7
    2019 Q3

    Solarex Lease PV goes Live
    Solarex Outright Sale PV goes Live
    Installation of Solar Farm
    Solar Farm Testing
    Smart Meter testing
    Blockchain Integration
    Smart Microgrid Testing

    8
    2019 Q4

    Launching of Solar Farm
    Complete Ecosystem Pilot Test in Nigeria
    Marketing Team Expansion
    Solarex Energy Goes Live
    P2p Energy Trading Platform Goes Live

    9
    2020 Q1

    Launching of More Ecosystem
    Expansion of Marketing Team
    Collaboration With Nigeria Government

    10
    2020 Q2 - Q4

    Market Expansion All Over Nigeria
    Rural and Urban Penetration
    Solarex Penetration in Ghana, South Africa,
    Republic of Benin, Gambia, Togo, Pakistan, and Nepal Commences

    11
    2021 - 2025

    Rapid Deployment and Expansion
    Deployment and Expansion through out Africa
    Deployment In Asia
    Deployment In North America
    Global Deployment

    Project team

    Oti Edema
    Oti Edema
    Founder, CEO
    linkedin
    Dr. Hasnat Khurshid
    Dr. Hasnat Khurshid
    Research Engineer
    linkedin
    Masoud Hakimi
    Masoud Hakimi
    Design Engineer
    linkedin
    Zain UI Abideen
    Zain UI Abideen
    R&D Engineer
    linkedin
    Boniface Obodeti
    Boniface Obodeti
    Solar Energy Engineer
    linkedin
    Chris Roy
    Chris Roy
    Business Strategic Manager
    linkedin
    James Lau
    James Lau
    Business Consultant
    linkedin
    Marco Barchetti
    Marco Barchetti
    Marketing Manager
    linkedin
    Abhinav Gambhir
    Abhinav Gambhir
    CTO
    linkedin
    Marcel Arsenault MEd OTCSBC
    Marcel Arsenault MEd OTCSBC
    CMO
    linkedin

    Advisors

    Kamal Mustafa
    Kamal Mustafa
    Advisor
    linkedin
    Rumen Slavchov
    Rumen Slavchov
    linkedin
    Dr. Vidy Potdar
    Dr. Vidy Potdar
    Technology Advisor
    linkedin
    Mauro Andriotto
    Mauro Andriotto
    Financial Advisor
    linkedin
    Saiteja Kuruva
    Saiteja Kuruva
    Advisor
    linkedin
    Giovanni Casagrande
    Giovanni Casagrande
    Advisor
    linkedin
    Giacomo Arcaro
    Giacomo Arcaro
    Advisor
    linkedin
    Lalit Bansal
    Lalit Bansal
    Strategic Adviser
    linkedin

    Social media

    Web-site Reddit: Solarex (SRX) Medium: Solarex (SRX) YouTube: Solarex (SRX) Telegram: Solarex (SRX) LinkedIn: Solarex (SRX) Twitter: Solarex (SRX) Facebook: Solarex (SRX) Github: Solarex (SRX)

    MVP

    MVP URL

    User rating:

    5/5 ( 1 )

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