Review on SolarCoin by Pedro O. Alvino M.
Decentralized community project that promotes the development of solar energy
Project developed in 2014, has the initiative to promote a decentralized system focused on the environment, since it promotes incentives based on its native currency, SolarCoin (SLR) that serves to reward solar energy producers who are affiliated with the project's program of SolarCoin.
Its system, which is based mainly on SLR, is the means of payment to energy producers, through affiliation to the program, where it will have to substantiate KYC documentation and then wait for the confirmation of the project in order to have the incentives in SLR.
The architecture and economy of the token in the project is well defined, however there is a small world population that uses solar energy, in addition to having the knowledge of cryptocurrencies in the market, although today many institutions know of its operation, but despite this the demand for the project's service is still very low, and given the time established in the market, it has remained a forgotten project, in addition, the availability of the currency in exchange is limited to only one, and the volume it generates is very low, reflecting the little interest that the currency has on the market.
Pros
- Community project with experience in the market.
- It is one of the few currencies that protects natural capital.
- Reward solar energy producers with Solarcoin according to the solar energy produced.
- Your incentive system for solar energy production can improve the environment.
Cons
- Its system has not been consolidated in the market due to the great commercial competition maintained by traditional energy support systems.
- It does not have a sustainable community that supports the project.
- The verification process to integrate the project program can be complicated given the request for KYC documentation.
- The token economy is very poor in the market.
