Published: May 25, 2018

The Sun Exchange (SUNEX)

Website

Status

ICO

The Sun Exchange is a marketplace where person can purchase and then lease solar cells to power businesses and communities in the sunniest locations on earth.

Whitepaper

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Updated: May 25, 2018

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Medium

3/5 • 1 votes

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Ticker

SUNEX

Type

Utility-token

Registration countryMalta

What is The Sun Exchange

SUNEX is stakeable into a solar project insurance fund for emerging markets & unlocks bonuses, discounts and priority access on www.thesunexchange.com, the global solar panel sharing market place.

Sun Exchange is pre-selling the SUNEX token to:

Expand the SUNEX team, further develop tech infrastructure and boost global operational scalability;
Seed the world's first dedicated insurance fund for solar projects in emerging markets;
Expand the SUNEX subscriber base and brand presence;
Establish a third regional hub outside of Cape Town and Dubai;
Pre-finance (pre-build) a set of SUNEX PV rooftop projects for premium crowd-refinancing; and
Execute pilot projects with rural cellular towers, mega crypto-mining rigs, rural and peri-urban village micro-grids, and cold storage/pack houses for small holder farming co-operatives.

The Sun Exchange Roadmap

IDEATION STAGE OCT 2014 - JAN 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 Bizsparks 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.

BUSINESS MODELLING JAN 2015 - NOV 2015

Pre-seed financing raised via Indiegogo

PROTOTYPE BUILD JAN 2015 - NOV 2015

The Stellenbosch Waldorf School solar project (project #1) becomes the world's first cryptocurrency infrastructure financing.
Boost VC pre-seed investment, affiliation with SolarCoin Foundation.

MVP BUILD AUG 2016 - SEP 2017

KAL Tire (previously "Tire Corp.", project #2) completed.

PROXIMA LAUNCH SEP 2017 - MAR 2018

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

C.R.O.W. (project #3 completed).
Knysna Elephant Park (project #4) completed.
Techstars incubation and pre-seed investment.
First phase of Project Proxima, the rebuild of the company's MVP, released.

SUNEX TOKEN SALE LAUNCH APR 2018

Sun Exchange launches their token sale

Token Sale Dates

Presale Period

Start date: Apr 01, 2018

End date: Apr 30, 2018

ICO

Start date: May 01, 2018

End date: Dec 31, 2018

Token Allocation

Total Token Supply 166,666,667

Funding Details

Soft Cap 25,000,000 USD(fiat)

Hard Cap 25,000,000 USD(fiat)

Token distribution

50% - Token holders
37.5% - Reserve
12.5% - Management Team and Staff

Funds allocation

14% - Sun Exchange business development
20% - Solar project insurance fund
26% - Solar project pre-financing
4% - Token sale expenses
30% - Estimated taxes
6% - Rural infrastructure projects