panjilaras: ICO Review SOLAREX

Solar Energy Blockchain Ecosystem

GEARING TOWARDS A CHEAPER AND CLEANER ENERGY FOR ALL

Solarex Approximately 1.5 billion people worldwide can not access electricity and more than 3 billion people depend on the main biomass for cooking. This figure does not include 1 billion people without options, but depends on daily electric fossil fuel power generators. African countries have the lowest access to electricity and more than 90% of African people are ranked among the top 10 generators that burn biomass or fossil fuels for cooking. Indoor air pollution due to carbon monoxide in the stove is a major cause of the death of adults and children in developing countries, and this value is a combination of malaria and tuberculosis. In Nigeria, more than 6 billion Nigerians own fossil fuel generators annually and spend more than $ 3.5 billion annually on generator by cutting energy supply. Millions of other inhabitants are in a remote location out of the grid

About Solarex

The Global energy demand has created a huge market which has seen countries requiring more energy to power their infrastructural developments and create an enabling economic growth over the past two decades. Solar power technology which has gained global acceptability has ultimately become the main driver in the energy market, with developed countries deploying its potential in boosting its renewable target.

The creation of blockchain technology has further accelerated solar energy penetration in the energy market. Speaking about blockchain and solar technology together is like a breath of fresh air for humanity. Technology itself empowers us to conduct business transactions efficiently and safely, build open and fair energy governance system, build network of reliable business partners and speed up welfare around Africa, which coincidentally has one of the poorest power generation records globally. In cryptocurrency space, the base technology has become a great enabler for many conventional businesses and energy is one of such space. But there is still a human factor, which may be the reason humanity fails blockchain revolution. Fraud, theft, phishing and even personal incaution pose a threat to the emergence of this new technological innovation. Over the years, there has been substantial improvement in security aspect of blockchain space. Now users are secured with the all-important technology solution.

While Solar power business is becoming a buzz words in these days across major countries in the world, very few understands the core issues of people. There are two key issues which are beyond other issues facing the nation. These are financing and reach. People need power for daily living, but they hardly can afford such big investment in the absence of a stable grid power. The other issue is to extend the reach in remote area in a structured manner which can be efficient yet simple for users and the business owners. For every business, it is Solarex (SRX) – new generation blockchain technology enabled Solar Power Solutions essential that investment and sales revenue must be protected from misuse. Here comes an innovative solution which is conceived in the business model of SOLAREX. This is a futuristic, technology enabled and secured framework of tomorrow’s solar global business with special focus on Africa, Asia and South America. The blockchain technology is adapted to much needed security around transaction and metering of solar power in decentralized mode. At the same time, funding is planned via launching of Solarex utility token to generate financing for leasing of Solar PV. This way, people can have access to clean and affordable power mostly opex model and pay for only units, they consume. Our integrated solution is going to begin a new era where everyone can access to energy in a secured manner.

The Solarex smart microgrid

The Solarex smart microgrid , is an advanced decentralized energy distribution network that is efficient, cost-effective and is an environmentally responsible way to produce, store and distribute energy. Solarex smart microgrid will be well optimized for local energy distribution in real time. See the Microgrid Technical Paper to learn more about microgrid research and stimulation carried out by the Solarex team.

The Smart Microgrid will solve the following problems;

1. There is no network power in remote locations: Microgrids can be arranged in any small settlement to take energy distribution cakes in an area.

2. Security and Reliability – Solarex Microgrid will be underground in many cases and if the microgrid goes down, it will not affect other microgrids such as centralized networks.

3. Adaptability and resilience; regular power outages due to power failure. – Solarex microgrid will also contribute to solving this problem because Solarex grid is the smart one that will detect problems and deliver messages to operators in realtime. Each grid is a separate segment and cannot affect operations in other grids.

4. Unnecessary energy loss in a centralized network during transmission – Solarex will use the latest technology and Solarex smart grid has default parameters to help reduce

WHY SOLAREX

The Problem

One and a half billion people worldwide still do not have access to electricity. And 3 billion rely on biomass for cooking. Africa is ranked in the top 10 continents with lowest access to electricity. Indoor air polution from carbon monoxide in open stoves is the leading cause of mortality in developing countries ahead of malaria and tuberculosis both put together. Solarex has identified the folowing problems in the energy industry :

Absence of grid power in remote and developed location in Africa.

Lack of safety and reliability.

Environmental and Public health; Major hazards from the polluting energy sources.

Lack of transparency and security in power transactions.

Adaptability and resilience; regular blackout from power failure.

Unaffordable energy cost.

Unnecessary loss of energy in a centralised grid during transmission.

Market entry barriers both as a producer and as a consumer (e.g. financing and Setup charges).

Poor capacity utilisation in a critical plain area.

Energy thieves.

Solution.

Blockchain and smart Contract.

P2P Energy Trading Platform.

Smart Meter.

AI And IOT Technology.

Smart Microgrid.

Project Financing Platform.

Solar Farm and Rooftop PV.

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.

In Nigeria, the noise and air pollution level exceeds the World Health Organization (WHO) standard. The situation is on an increase, as there is no regulatory body to monitor the emission level in the country. This makes the tracking and proper documentation of some vital data simply impossible. Some people die as a result of been exposed to generator fumes. This figure keeps rising as no measure has been properly put in place to create a cheaper and cleaner alternative energy solution. The following were adapted from different news post that highlights the nature of the problem globally :

1.5 billion people across the globe lack ELECTRICITY supply, half of which live in AFRICA, (Daily Post Nigeria 2018).

At least 110 million of AFRICA’S 600 million people without ELECTRICITY access live in urban areas (Greentech Media 2017).

Across 36 AFRICAN countries, just four in 10 enjoy a reliable supply of energy throughout the day, this means regular blackouts and vulnerable security (CNN 2016).

Across AFRICA investors joke about living in a “bring-your-own-infrastructure” continent, in which firms must provide independent generators (economist.com).

620 million people have no ELECTRICITY, it is critical to the success of global efforts to tackle poverty (weforum.org 2016).

To give a clearer picture of the deplorable energy situation in Africa, Fig1. below is a pictogram of the top 10 countries with the least access to electricity supply. All the countries listed are from Africa and this no doubt paints a gloomy picture of Africa’s energy demand.

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 industry.

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.

SOLAREX ECOSYSTEM

Solarex is building a robust system that is based on Blockchain Technology. The Solarex ecosystem is innovative, disruptive and democratised system that will definitely improve the living condition of the people of Africa and billions of lives all over the world. Solarex is a new generation hybrid start-up solar power provider backed up by the latest Blockchain technology and crypto-currency enabled transaction systems.

We are committed to utilizing this unique disruptive digital energy solution to improve lives of Africans the majority of whom have been deprived access to constant power supply for decades.

The business model is designed to set up off-grid solar farms in the Urban, Semi-Urban and Rural Area areas and at designated cluster zones to improve energy scenario within the selected zones. Solarex comes with the option of accessing the Complete Solar Package solution which can be made possible via outright sale, while another option available to consumers is the leasing of Solar Package which comes with a tailored support with finance.

The backbone for managing and controlling the supply and distribution will be based on Smart contract, smart metering and Solarex App backed up by Blockchain technology. For the transaction of power purchase and fees payment, Solarex utility token will be issued to make a complete solar ecosystem around African.

SOLAREX SRX TOKEN USAGE

Topup Payment: Solarex Utility Token will be the main currency that will be used to Purchase Energy from Solarex Ecosystem.

Transaction Payment: Buying and Selling on the p2p energy marketplace will only be possible with Solarex Utility Token.

Product Discount:When a user purchases product in the Solarex ecosystem and pays with Solarex Utility Token, the user gets a special product discount that will be paid in Solarex Token.

Cross Border Payment: Solarex Utility Token will allow customers to access the Solarex ecosystem irrespective of their location world wide

Incentive Payment: Solarex Utility Token will be used to pay incentive to staff and customers and the beneficiaries can use the received tokens in any form they choose.

Referral Payment: Users will receive referral tokens when they introduce new user to any of the Solarex platform or signup for Solarex products.

Loan Repayment: Users who are on lease plan or those whose project were financed will be able able to do repayment with Solarex Utility Tokens.

Project Financing: The project financing platform will accept Solarex Utility Tokens as a means of funding a project on the platform.

Community Development: In a way of giving back to the community, Solarex will from time to time award token to selected community in it’s operating zone.

TOKEN SALE

The Solarex Token, is a Utility Token, and does not in any way constitute a security token or equity token. Solarex utility token’s Howey test score = 20, please see the result at the document session.

Token Name: Solarex Utility Token

Token Symbol: SRX

Platform: Ethereum

Type: ERC20

Total Supply: 2,400,000,000

Token Price: $0.05

Amount to be sold: 1,344,000,000

Soft Cap: $5,000,000

Hard Cap: $65,000,000

Token distribution

ROADMAP

Solarex team will work very hard to ensure that the road map milestones are achieved accordingly.

2017 Q1 – Q4

Concept

Concept Formulation

Market Research

Business Model Initiated

Team Building

Technical Feasibility Assessment

2018 Q1 – Q2

Research

Whitepaper Writing

Marketing Campaign

PreICO Initiated

PreICO Suspended

2018 Q3

Updates

Introduction of Top-rated Advisors

Product Review and Updates

Community Building

Whitepaper Updates

PFP Demo Development

2018 Q4

Private Sale

Whitepaper Updated and Published

ICO Website Redesign and Published

Private Sale

MVP Development Commences

Exchange Listing Negotiation

2019 Q1

Token Sale & Listing

P2P Energy Trading MVP Launched

PreSale

ICO (Stage1 – Stage3)

Partnership Development

Token Listed in Exchanges

PFP Plateform Development

Mobile Application Development

Solarex Energy Website Development

2019 Q2

infrastructure Development

Acquisition of Farmland for Solarfarm

Application for IPP License

Design and Manufacture of Soolarex Products

Solar Farm Equipment Arrives in Nigeria

2019 Q3

Product Launching

Solarex Lease PV goes Live

Solarex Outright Sale PV goes Live

Installagion of Solar Farm

Solar Farm Testing

Smart Meter testing

Blockchain Integration

Smart Microgrid Testing

2019 Q4

Ecosystem

Launching of Solar Farm

Complete Ecosystem Pilot Test in Nigeria

Marketing Team Expansion

Solarex Energy Goes Live

P2p Energy Trading Platform Goes Live

2020 Q1

Marketing

Launching of More Ecosystem

Expansion of Marketing Team

Collaboration With Nigeria Government

2020 Q2 – Q4

Market Expansion

Market Expansion All Over Nigeria

Rual and Urban Penetration

Solarex Penetration in Ghana, South Africa,

Republic of Benin, Gambia, Togo, Pakistan, and Nepal Commences

2021 – 2025

More Operational

Rapid Deployment and Expansion

Deployment and Expansion through out Africa

Deployment In Asia

Deployment In North America

Global Deployment

TEAM

Éti edema

Founder, CEO

He is the director of the Africa Blockchain Research Council, a blockchain enthusiast, a research scientist and a network engineer. It has an unrivaled reputation.

Masoud hakimi

Director, Micrologic Design

Anglia Ruskin University Uk. Worked with several companies for various purposes as a senior software engineer, department head

Bill healey

IT expert

More than 30 years of experience in various industries. An exceptional journalist, he can effectively convey complex information to audiences from different backgrounds.

Sanjib saha

Result oriented senior specialist with over 25 years of experience in business, finance, commerce, operations and strategy in Indian and global

Sameep s

An experienced web developer and blockchain expert. An experienced ICO analyst who has tremendous potential in creating smart contracts and distributed applications. is he

Ranit saha

He holds a Master of Technology degree (M. Tech) from the Bombay Institute of Information Technology, India. He is an expert in management and technology who has

HIMANI A

Certified PMP Project Manager (PMI) USA, MBA in Marketing. Graduate High School Gold Medalist. Extensive experience of over 10 years with well-known global com

Azmat ali

ACCA Certified Accountant He is an expert in preparing financial statements, financial analysis, business analysis, business planning and technical and economical reports.

Sadjere clement

Certified SPPA-T3000 control system specialist with over 17 years of experience in operating, maintaining, troubleshooting and checking gas turbines

Kyrylo Ivanov

Senior Linux administrator, PHP developer and network engineer. Engaged in monitoring the deployment of the Zabbix system, creating an uninterrupted implementation of power for the Cree

Kanti sangma

He is an innovative, creative and passionate web developer / designer who created a niche for himself in the graphic design space. His main comp

Dattatray n

Lead engineer, performs engineering projects around the world. He specializes in technology, technology, medical science, market research. Has a big about

Jin c

Software / hardware developer. Master in Electrical Engineering and Electronics, an expert in CDMA communication systems, programming algorithms. Sete

Krunal b

Senior Automation and Instrumentation Engineer. He is the founder / CEO of SMARK Automation. He has extensive experience in developing a graphical user interface for embedded

ADVISORS

Dr. Hasnat k

He is a developer, technologist and researcher with extensive experience. He worked on various significant international projects, was a leading developer and and

Tim reynolds

Entrepreneur with experience in corporate governance and management. Renewable Energy Expert.

Ahmet asar

Writer, public speaker, investor, advisor and connector in companies with a distributed system and ICOs.

Adrian edema

The founder of Gric Coin, chief editor of NGR News, is a first-class online brand with massive results worldwide. BSc Birmingham City University in UK

Rashid qayyum

Highly qualified specialist with proven experience in managing business administration, marketing and supply. Strong consulting specialist with MBA in

Ideas Rule Solicitors

Ideas Rule Solicitors have extensive experience in tracking all legal risks associated with operations and investments in the field of renewable sources. There is great