Market Cap: $201 341 864 657 (0.87%)
  • Volume 24h: $34 278 353 814 (17.02%)
  • Market Cap Change 24h: 0.87%
  • BTC dominance: 66.79%

SolarCoin SLR

Digital currency that rewards solar electricity generators

The first digital currency that rewards solar electricity generators.

Industry: Energy Algorithm: Scrypt CMC Rank: 711
  • USD: $0.015
    1h: 0.6% 24h: 0.78% 7d: 3.95%
  • BTC: 0.0000020 BTC
All Time High: $2.88 1 year ago
Current price is -99 % from ATH
Market
  • Cap: $821 057
  • Vol 24h: $337.7 (0.04 %)
Supply
  • Circulating: 56 014 717 SLR (0.1 %)
  • Total: 98 100 000 000 SLR

SolarCoin Price Chart

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.

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Twitter Stats
  • Followers: 6,767
  • Lists: 321
  • Favourites: 772
  • Update Frequency: 0.6 statuses/day
  • Created: 5 years ago