Solarex ICO

Introduction
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1.1 Our vision
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1.2 Problem
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1.3 The Solution
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2.0 Solarex Project
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2.1 Solarex: An Innovative Five-in-one Model
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2.2 Mobile App
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Introduction
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 f...

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.
1.1 Our vision
Our ultimate vision at Solarex, is to become the largest, most efficient and
sustainable energy provider, offering energy at a cheap/affordable price for all,
and setting a new standard...

management capability in a secured and hassle-free manner. The idea behind the
vision is to bring everyone from Solarex team into one set of goals wherever
they work in the continent. This would pave the way for major successes in
achieving the following business objectives:
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Making solution for vast majority of the masses in self-sustainable
manner
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Attracting millions of users with greater ease in financing and reach
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Earning trust of customers by open, yet secured decentralised
transaction
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Protecting users’ interest with utmost convenience and security
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Developing business model via various channels
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Creating a global brand for future big business
The goal is to effectively extend essential utilities-qualities in 5-in-1 Solar
solution as currently unavailable in the market. The idea is to create economies
of scope where it could touch millions of lives at an affordable price. Thus,
Solarex team members have...

In Nigeria for example, due to the shortfall in electricity supply, Nigerians have
resorted to the use of power generators to supplement their energy demands. A
staggering 60 million Nigerians presently own small and medium powered
generators with more than N3.5 billion spent annually to maintain these
generators. Unfortunately, these short term measures come with a huge price. It
is no longer news that generator fumes in Nigeria are the leading cause of
environmental health and noise hazard. Using generators to address the shortfall
is okay in the short term, but in the long run, it has serious implications, as it’s
fumes for example are hazardous and are the leading cause of cancer, due to the
fact that they contain substances like benzene, arsenic, and formaldehyde. They
also contain carbon monoxide, which can lead to slow death of those exposed to
generator fumes. Health related issues like increase cases of Asthma has even
created great concern in the health ministry and this has been attrib...

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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)
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Across Africa investors joke about living in a “bring-your-own-
infrastructure” continent, in which firms must provide independent
generators, (economist.com)
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620 million people have no electricity, is critical to the success of global
efforts to tackle poverty (weforum.org 2016)
To further give a clearer picture of the very deplorable energy situation in
Africa, Fig1. below is a pictogram of the top 10 countries with the least access
to electricity supply. Unfortunately, all the countries listed are from Africa and
this no doubt paints a very gloomy picture of Africa’s energy demand.
Fig1 Top 10 Countries
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Solarex (SRX) - new generation blockchain technology enabled Solar Power Solutions
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Fig2: Electricity demand in Africa
Looking at the above chats (fig2.) with reference to the percentage of the
population in each of the countries highlighted above, it is apparent that there is
a huge market to be filled in terms of energy demand in Africa.
With particular reference to Nigeria, a partnership of the World Bank,
International Financial Corporation as well as local banks and energy firms,
could help assuage the pressing issue. The Lighting Africa Project, as it has been
tagged, will focus on helping to develop a private sector that will provide
electricity, using solar power, up to a million households in Nigeria. The project
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Solarex (SRX) - new generation blockchain technology enabled Solar Power Solutions
...

will target households without access to the national grid in rural communities
over the next five years.
In this context, we find the key problem areas are:
a) Very low installed capacity and no clear plan to cover the gap soon
b) Poor capacity utilisation is a critical pain area
c) Absence of grid power in remote locations
d) Inability to invest money on power generating units
e) Major hazards from the polluting energy sources
f) Lack of transparency and security in power transactions
With the above key issues at the front burner, we have conceived a futuristic
technology enabled idea to design something which is self-sustaining and work
in African environment. Exploring solar energy could be a more realistic option
to fix some of Africa’s power issues since building new national grids could cost
billions of dollars. The idea behind Solarex solar project, is to help ensure that
Africa achieve its renewable target which was set in 2016 when The New
African Partnership for Af...