About Solarcoin
Solarcoin is a Scrypt based alternative digital currency and its innovation comes from the secondary proof of work reward: the Solar Proof of Work. Green solar energy producers are entitled to receive one SLR for every MWh electricity generated. In order to claim a Solar Proof of Work reward, solar plant owners must submit 3rd party verified energy generation certificates such as a Solar Renewable Energy Certificate (SREC) or equivalent country specific documentation. All Solar Proof Of Work rewards will be stored as transactions in the blockchain. The supply of SLR comprises of the following: - The Mining Pool: 105 million Solarcoins (0.1%) to be publicly mined over the next 40 years. All publicly mined Solarcoins represent historically generated and unclaimed solar electricity. - The Generator Pool: 97.5 billion SolarCoins (99.4%) are currently stored in the OCA non-circulating generation pool account. These will be exchanged for Solar Proof of Work claims of solar electricity generation submitted over the next 40 years at the rate of 1 SLR per MWh of solar energy. - The Genesis Pool: 500 million Solarcoins (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total Solarcoin in circulation.
Trading Insights
Searched
4
Market Stats
Market Cap
£1.17M
-13.65%
FDV
Not enough data
Circ. Supply
65M SLR
Max Supply
Not enough data
Total Supply
98B SLR
Diluted Valuation
£1.77B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£4.89K
632.98%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
Not enough data
Price Change (1Y)
3.07%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of Solarcoin has increased by 0.50% in the last hour and decreased by 13.65% in the past 24 hours. Solarcoin’s price has also fallen by 8.93% in the past week. The current price is £0.0181 per SLR with a 24-hour trading volume of £4.89K.
The current circulating supply of Solarcoin is 64,813,806.782 SLR which means that Solarcoin has as total market cap of £1,167,119.06.
Market details
SLR vs markets
↘ 37.47%
SLR vs BTC
↘ 40.31%
SLR vs ETH
↘ 9.38%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x4E9e4Ab99Cfc14B852f552f5Fb3Aa68617825B6c |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0181 | ↘ 13.65% |
1 Day | £0.0208 | ↘ 13.65% |
1 Week | £0.0198 | ↘ 8.93% |
1 Month | £0.0142 | ↗ 24.62% |
1 Year | £0.0182 | ↗ 3.07% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
SolarCoin is a digital token based on the SolarCoin blockchain technology. The platform aims at accelerating the transition to a clean energy economy. SolarCoin is an open community project that rewards solar energy producers with digital tokens at the rate of one SolarCoin (SLR) per one MWh (Megawatt hour) of solar energy produced. Since the tokens originate when a solar MWh is produced, the protection of natural capital is inherent to its value. The project thus rewards solar electricity generators for reducing the cost of electricity production.
The token is decentralized and operates globally. SolarCoin seeks to create a unique digital currency to protect natural capital and a non-governmental solar energy incentive program. The asset also wants to create additional rewards for solar energy producers. The token is compatible with any Ethereum wallet that supports the Energy Web Chain.
The project operates on its own SolarCoin blockchain, wherein transactions are collected, verified, and summarized in blocks. The chain functions as a decentralized, incorruptible, and auditable record of solar energy produced. Also, all transactions are publicly viewable using the blockchain explorer.
To get a SolarCoin grant, plant owners can register their solar power system with the project’s foundation, either directly through the website or through a registered SolarCoin affiliate or monitoring platform. Registration includes providing proof of ownership of the installation, grid connection documentation, and production and KYC data. SolarCoins are given every six months to registered plant owners.
Besides being collected, redeemed, or used as digital currency, the tokens can also be exchanged for government currencies on global cryptocurrency exchanges. Further, solar companies are encouraged to circulate SolarCoins by granting digital assets to charity programs, customer reward programs, or other projects.
The token was created in 2014 by founders and volunteers working together as the SolarCoin Foundation. The total supply of the coins is 97.5 billion.
We update our Solarcoin to GBP currency in real-time. Get the live price of Solarcoin on Coinbase.
The current market cap of Solarcoin is £1.17M. A high market cap implies that the asset is highly valued by the market.
Over the last 24 hours, the trading volume of Solarcoin is £4.89K.
Assets that have a similar market cap to Solarcoin include Indicoin, AICHAIN, IXT, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Solarcoin is 65 million.
Solarcoin calculator
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Legal
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