Solarex Review

Solarex Review: Solving Power Crisis Through Blockchain-based Energy solutions

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This Solarex(SRX) review will cover its solution to the energy crisis in Africa. In addition, it will use Blockchain technology for it.

4/5 star rating

Solarex Review: Introduction

The lack of sustainable energy generation is one major problem that has stalled the development of Africa. Every year, leaders across this region allocate billions of dollars in the quest to curb this major problem, but reports still show that only little has been achieved over the years. Besides, research reveals that two-thirds of the African population (640 million people), do not have access to electricity. Furthermore, a large percentage of the other one-third, pay bills above the standard tariff rates just to enjoy this basic amenity.

In the western part of Africa, the major form of electricity generation is hydroelectric power. However, this form of electricity generation is really expensive and very hard to manage. In fact, managing is hard due to the level of complexity associated with the distribution of power grids across certain geographical regions. Although in recent years, various methods have been applied with the primary aim of generating large-scale electricity at a cost-effective rate to the general public, only a few have been able to meet this criterion.

Solaris review with Africa energy solutions

In the first place, it is no news to any energy expert that the climate conditions typical in this region favor the utilization of solar energy. Moreover, according to Forbes, Africa is one of the sunniest continents in the world. In fact, Africa has over 85% of her total landmass receiving more than 2000 kilowatt-hours of solar energy per square meter per year.  There is obviously no doubt about the fact that solar energy is the solution to the energy crisis in Africa. Next, in this review the solution Solarex has to offer by using blockchain technology.

About Solarex

Solarex is a revolutionary project aimed at providing cheap, efficient and sustainable energy to major regions across Africa and beyond. In addition, Solarex leverages the best form of technology to create a vast energy market. Also, this market will provide unmatched services to customers in dire need of this infrastructure.

Solarex aims at harnessing renewable energy from the sun. Meaning, it will provide stable and sustainable energy to those regions of Africa where energy has been a major problem in the past. In fact, they are building major solar farms and providing portable rooftop solar panels. As a result, affordable electricity can be easily provided to even the most rural parts of Africa.

Smooth energy distribution with blockchain technology

The integration of the blockchain system into the Solarex ecosystem makes it even more interesting. For example, this top-notch technology provides a fully decentralized network for smooth energy distribution around the world. Also, the scalability, security, and efficiency that blockchain provides make it the perfect ingredient for this robust package.  

Solaris review and energy trading plan
Solarex energy trading plan

One fascinating thing about Solarex’s project is that it plans to totally disrupt the traditional monopoly system present in the African energy sector. Moreover, with the help of Blockchain technology, it will help ensure transparency and easy monitoring of the energy consumption rate on every grid in the network. This way, energy will be available to everyone regardless of their social or financial status. 

Features and Benefits of Solarex

  • Sustainable energy distribution across major parts of Africa and beyond
  • Affordable electricity for rural areas in Africa
  • Peer to Peer (P2P) energy trading 
  • Artificial Intelligence (AI) and Internet of Things (IOT) integration for effective asset management
  • Decentralized and Secured Energy transactions powered by blockchain technology

Video Review

Solarex review: Token Economics

The Solarex Utility Token (XLR), will be used to facilitate transactions in the Solarex ecosystem. Furthermore, with this unique token, users can purchase solar energy as well as other packages available in this vast marketplace with ease. 

It is worthy to note that the Solarex team will initiate a token buy-back clause upon reaching their hard cap. For instance, 20% of the total profits made, will be pumped back into the system. This will help to add massive value to the token.

Solarex(SRX) numbers & details

Total amount raised for ICOUnknown
Total number of tokens2.400.000.000 SRX
Emission rateNo further tokens will be generated
Circulation supply1.344.000.000 SRX
Token formatsERC20
Nominal price1 SRX = 0.05 USD

Final thoughts

The energy crisis in Africa is at its peak and the need for a drastic and sustainable solution is really necessary at this point. Additionally, Solarex’s major plan to develop a sustainable energy network across Africa could be the solution. Moreover, leveraging the best form of technology available today could have a big impact on the final result of this challenging blockchain project.

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DISCLAIMER: Trading in cryptocurrencies involves substantial risk of loss and is NOT suitable for every investor. Any content on this site should not be relied upon as advice or misconstrued as providing recommendations of any kind. We are not investment advisors or analysts. Everything provided here is purely for informational and educational purposes.

Daniel Okorafor
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Daniel Okorafor

Passionate about modern disruptive technologies and their impact on diverse aspects of human life. He has a wealth of experience in blockchain content creation and community management. Also he has written topnotch article reviews and whitepapers for several STOs and ICOs.
Daniel Okorafor
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