Details

Industries

Bitcoin,Charity,Crowdsourcing,Energy,Finance,Non Profit,Solar

Founded date

Jan 1, 2014

Number Of Employee

1 - 10

Operating Status

Active

SolarCoin is a currency for incentivizing 97,500 TWhs of global solar energy production over the next 40 years.

99% of the currency is distributed to Solar energy generators providing a proof of work. Coins are distributed to generators at the rate of 1MWh per 1 SLR SolarCoin.

Distribution also occurs using traditional alt coining mining techniques and via distribution through environmental groups.

SolarCoin is designed to be 50x more carbon efficient than bitcoin.