SolarCoin is a crypto asset with a deeper meaning: you get SolarCoins when you generate solar energy. This promotes the construction of PV systems and helps against climate crisis. You receive SolarCoins as a bonus when you generate climate-friendly photovoltaic electricity. You receive one SolarCoin (symbol: kSLR) for every kWh of PV electricity you generate.
What´s the mission?
The issuance of SolarCoins is intended to further promote photovoltaics. This will help to protect our climate. SolarCoin has been initiated by the SolarCoin Foundation in 2013.
How do the concepts of Bitcoin and SolarCoin differ in terms of sustainability?
Bitcoin is highly valued due to its scarcity. In 2023, the electricity demand for bitcoin is much higher than the electricity consumption of Austria. Bitcoin is on its way to become one of the largest consumers of electricity in the world, leading to higher electricity prices,
And what about SolarCoin?
Anyone who contributes to climate protection with a photovoltaic system will receive SolarCoins. This supports the construction of new PV systems. The number of SolarCoins to be issued is limited to the expected PV production for the next 20-30 years. For every kWh of solar power produced, one SolarCoin is issued free of charge.
How to get SolarCoins?
You need a wallet to which you can transfer the SolarCoins, more information on Solarcoin.org. The higher the SolarCoin price, the more lucrative PV systems become. This can significantly contribute to the realization of PV systems.
This is no investment advice but for informational purposes only.
Where can I find up-to-date information on SolarCoin?
- Website: SolarCoin.org
- Social Media: Telegram X/Twitter Facebook LinkedIn Medium
- Blockchains and Markets: CoinGecko
