SolarCoin Foundation

Market statusOn the market
TypesToken, Blockchain • Token (SLR), Blockchain
Status ElectriCChain
Action (Smart Contract)?No
ApplicationSolar producers receive 1 SLR for every MWh of solar energy produced with a 2% interest rate. Tokens can be used to pay utility companies or other companies accepting cryptocurrencies.
Attributes (token)1 token represents 1 MWh of solar energy. Tradable for BTC and other currencies
Traits (blockchain)Low energy Proof of Stake algorithim
Date/TimelineEstablished in 2015
Source URL • Verified 200 OK