What is the prospect of solar container currency

What is solarcoin?

SolarCoin is a cryptocurrency that incentivizes a solar-powered planet. Solar energy is now the cheapest fuel in over 150 countries. We want to make it free. Rewards drive action. We distribute SolarCoin as a reward to solar installations.

How does the solarcoin monitoring system work?

The monitoring system sends generation to the SolarCoin Foundation, who in turn sends SolarCoins to the Claimant’s wallet at a rate of 1 SolarCoin per 1 MWh of verified electricity production. Claimants can save, exchange, or spend SolarCoins as they wish, and may receive ongoing grants over the next 20-30 years they generate energy.

What if solarcoin was given out for free?

When the value and price of a SolarCoin exceed the production cost of the energy, it becomes effectively free – an event we call the Solarity. As of today, cryptocurrencies are worth over US$2 trillion. Most of that value was distributed in exchange for carbon-intensive crypto mining. What if it was given out to people who produced energy for free?

How does solarcoin work?

SolarCoins are sent to addresses (accounts) in digital wallets and used as currency. SolarCoin can be traded for government currencies on cryptocurrency exchanges, or spent at businesses that accept them. The recommended method is for claimants to file directly via their monitoring company’s portal.

Does solarcoin work with Ethereum?

SolarCoin is compatible with any Ethereum wallet that supports the Energy Web Chain. Many claimants use Metamask. Claims are reviewed prior to the initial grant. Upon approval, claimants will receive an initial grant with a retroactive 5-year lookback, then periodic grants every 6 months for the life of the installation.