The Sun Exchange
| The Sun Exchange | |
|---|---|
 The Sun Exchange ICO Review | |
| The Sun Exchange ICO | |
| Ticker: | SUNEX |
| ICO start: | 2018-05-21 00:00:00 |
| ICO end: | 2018-08-01 00:00:00 |
| Price: | 1 SUNEX = 1 USD |
| Bonus: | 1 |
| Tokens: | 166,666,667 SUNEX |
| Tokentype: | ERC223 |
| Hardcap: | 100,000,000 USD |
| Softcap: | 25,000,000 USD |
| Platform: | Ethereum |
| Distributed: | 50% |
| Minimum: | 100 USD |
| Accepting: | BTC, ETH, Fiat |
The Sun Exchange is a marketplace where you can purchase and then lease solar cells to power businesses and communities in the sunniest locations on earth, earning decades of Bitcoin income backed by the power of the sun.
SUNEX is our rewards token. Their members earn SUNEX from making purchases and building a diverse solar cell portfolio to upgrade their accounts. Higher user levels get bonus lease rates, discounts on purchases, priority access to projects as well as other useful perks.
Contents
Description
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 an 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 in-sured. Additionally, Sun Exchange enables cryptocurrency holders to diversify their assets and convert theoretical wealth into tangible and valuable energy-generating solar assets.
To further accelerate access to solar energy globally, and to grow its community of inspired members actively participating in the global transition to solar power, Sun Exchange is now introducing SUNEX, the native network token for the Sun Exchange platform.
While solar energy has taken off and quickly spread across the globe, it has unfortunately lagged behind in the developing regions that need it most. This includes Africa and the Middle East, where lack of access to solar project financing remains a significant obstacle. South Africa is an emerging and industrialised nation with large and increasing demand for energy. Its electricity infrastructure is outdated, almost entirely coal-powered and owned and operated by a state-owned monopoly. To date, Sun Exchange has focused on enabling solar projects in South Africa, one of the sunniest countries in the world and has established an international network of major solar installation companies and project developers that specialise in identifying and building these small to medium-scale commercial solar plants.
Sun Exchange offers its members solar power asset ownership opportunities that tradi-tionally have only been available to institutional investors. Purchasing solar cells within Sun Exchange projects decentralises solar power plant ownership, ensuring that the environmental and socioeconomic issues of centralised energy supplies, inherent in the fossil fuel industries, are not replicated as the world migrates to clean energy. Sun Exchange is establishing a globally-distributed clean energy virtual transactive smart grid, giving the international community a chance to collectively own its energy sources, maximising the potential for redistribution of wealth.
Sun Exchange was developed directly in response to the urgent global need for continued proliferation of clean, decentralised energy, and to harness the opportunity presented by the parallel developments in solar and blockchain technologies.
The main components of blockchain technology Sun Exchange integrates are:
- SUNEX Tokens
- Cryptocurrency payments
- Smart Contracts and IoT Sensors
- Solar Project Insurance Fund (SPIF) Smart Contracts
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 platform’s 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 pro-gress through the tiers and the more valuable their benefits become.
The Sun Exchange marketplace enables individuals and organizations across the globe to buy solar cells and lease them to be installed in commercial and industrial solar projects and mini-grids. Solar cell owners earn rental income directly from their solar assets, which are installed into projects that bring solar power to emerging markets.
Sun Exchange targets two key audience groups: Solar power offtakers and Solar cell purchasers/members.
Sun Exchange was Launched on Indiegogo in 2015. The platform has been running for 3 years and has won Best Bitcoin & Blockchain Business in Africa Award in 2016 and 2017. Won Global blockchain Challenge in 2017. Their model is Solar Panel Micro-leasing using Bitcoin as the payment system. This model is universally scalable and doesn’t face the regulatory obstacles that P2P energy trading platforms like of Powerledger and Wepower will face. Also the platform exists today, it can already be used, so impatient token holders dont need to wait long to utilise their SUNEX tokens. Sun Exchange received VC funding of $1.6m in September 2017. This is very important as it shows that the core business and team was subjected to very detailed institutional level due diligence very recently, and with existing funding behind them the core team are getting paid to work full time with no compromise. Project have solid and experienced team with broad experience from finance, solar and blockchain.
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 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. 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[1] | ” |
Team
| name: | title: | links: | group: | photo: | iss: |
|---|---|---|---|---|---|
| Abraham Cambridge | CEO/Founder | https://www.linkedin.com/in/abe-cambridge-6481081a/ |  | 3.9 | |
| Larry Temlock | CFO/Co-Founder | https://www.linkedin.com/in/larrytemlock/ |  | 3.9 | |
| Lisa Lyhne | COO | https://www.linkedin.com/in/lisa-lyhne-7ba2082/ |  | 3.9 | |
| Morwesi Ramonyai | CCO | https://www.linkedin.com/in/morwesi-ramonyai-b5354ab5/ |  | 3.9 | |
| Anthony Stonefield | HEAD OF VENTURE DEVELOPMENT | https://www.linkedin.com/in/astonefield/ |  | 3.9 | |
| Lourens Coetzer | VP OF ENGINEERING | https://www.linkedin.com/in/lourenscoetzer/ |  | 3.9 | |
| Richard Titus | MANAGING PARTNER OF ARK ICO ADVISORS |  | 28.1 | ||
| Barrett Jakeman | Community Manager | https://www.linkedin.com/in/barrett-jakeman-281445160/ |  | 3.9 | |
| Andrew Murray | Marketing | https://www.linkedin.com/in/andrewcmmurray/ |  | 3.9 | |
| Lawrence Botley | BLOCKCHAIN EXPERT & SOFTWARE ARCHITECT | Advisors |  | 3.9 | |
| Thierry Schang | SOFTWARE AND MACHINE LEARNING EXPERT | Advisors |  | 3.9 | |
| Karl Sigman | PROFESSOR OF ENGINEERING AT COLUMBIA UNIVERSITY | Advisors |  | 3.9 | |
| Michael Terpin | CEO OF TRANSFORM GROUP & ADVISOR FOR ICO BOX | Advisors |  | 92.77 | |
| David Orban | CEO OF NETWORK SOCIETY VENTURES, CHAIRMAN OF NETWORK SOCIETY LABS | Advisors |  | 24.3 | |
| David Provenzani | BOARD MEMBER OF THE ‘ASSOCIATION OF ARCHITECTS’ | Advisors |  | 3.9 | |
| Joby Weeks | CEO OF BITCLUB | Advisors |  | 3.9 | |
| Gil Sperling | FOUNDER OF POPIMEDIA | Advisors |  | 3.9 | |
| Danny Kennedy | MANAGING DIRECTOR OF CALIFORNIA CLEAN ENERGY FUND | Advisors |  | 3.9 | |
| Gavin Marshall | FOUNDER OF SHAREBIT.IO | Advisors |  | 3.9 |
External links
The Sun Exchange on Twitter
The Sun Exchange on Telegram
The Sun Exchange on Facebook
The Sun Exchange on Medium
The Sun Exchange on Github
The Sun Exchange on Youtube
The Sun Exchange Official Website
The Sun Exchange Whitepaper