SUNEX ICO

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SUNEX

SUNEX is a decentralized blockchain based marketplace which intends to generate enough capital to support the transition of current energy means to solar energy at global level.

Details

ICO Name SUNEX
Description SUNEX is a decentralized blockchain based marketplace which intends to generate enough capital to support the transition of current energy means to solar energy at global level.
Website URL https://tse.thesunexchange.com/
White Paper URL https://dhqmkfjti3wud.cloudfront.net/documents/SUNEX+White+Paper_180416.pdf
Token Platform ETH (ERC20)
Coin Price USD 1.00
Funding Target $25,000,000
Funding Cap $88,000,000
Coins Offered 50% of the total token supply

What is SUNEX?

SUNEX is a decentralized blockchain based marketplace which intends to generate enough capital to support the transition of current energy means to solar energy at a global level. It leverages a crypt-economy which is decentralized as well as democratic to enable users to access solar power and its associated benefits more conveniently. The platform allows anyone to buy solar photovoltaic cells and then rent it to other interested business and corporations to satisfy their energy requirements. This arrangement brings owners of solar cells a monthly rental income which is paid in fiat or crypto. On the other hand, businesses and organizations using solar panels enjoy the low-cost power consumption.

Concept

SUNEX is a blockchain based decentralized solar power platform that intends to shift the use of energy consumption obtained from electric resources to solar energy sources. The platform strives hard to develop an ecosystem where corporations and industries situated in sunny areas can benefit from a low-cost solar energy to fulfill their power needs. The solar cells bought from the SUNEX platform enable users to have a unique source of steady income by means of renting out to interested parties as well as help people to access clean form of energy.  The platform also enables cryptocurrency holders to get their holdings diversified by converting their theoretical wealth into energy-producing solar panels.

How Does SUNEX Work?

SUNEX was created to fulfill the global need for low-cost energy. The platform enables individuals as well as corporations all around the world to purchase and lease these solar cells to countries in the Middle East, Asia, Africa and Latin America so they can have it installed on their industrial and commercial solar projects thereby making it possible to access low budget solar energy. The platform intends to revolutionize the energy acquisition system by incorporating blockchain technology and smart contracts.

Earn SUNEX Tokens

To earn SUNEX tokens, people need to get themselves register on the whitelist of the ICO by visiting the official webpage of the platform. Remember, only those investors will be able to contribute to the crowd sale to earn SUNEX tokens of the ICO who have subscribed the whitelist of the ICO. The ICO is likely to get listed on various exchanges around the world. People can also earn SUNEX tokens.

Buy SUNEX Tokens Using E-Wallets

Like most of the platforms, SUNEX is also powered by ERC20 standard tokens. It supports ethereum as its basic currency for payments. However, people can also buy SUNEX tokens using bitcoins. Investors can also use fiat currency or credit cards to buy SUNEX tokens. Remember, to buy SUNEX tokens you must have an e-wallet account because the platform requires you to transfer ethereum to its in order to receive SUNEX tokens in your e-wallet.

The ICO Distribution

The ICO plans to hold its token sale in May 2018. The exact date of the launch of the ICO has not been shared publically. The ICO is expected to last for about thirty days. It will end in June 2018. There will be a total token supply of 266,666,667 SUNEX tokens. The soft capping or what we know as target funding is defined as $25,000,000 by the ICO. The hard capping of the ICO is, however, defined as $88,000,000. The starting price of the ICO token is expected to be USD 1.00.

Tokens Distribution

The ICO plans to distribute its tokens under the following proportion;

  • 50% tokens are planned to be distributed to the public during the pre-sale and main sale of the ICO
  • 5% tokens are planned to be distributed to the Reserve funds of the ICO
  • 5% tokens are planned to be distributed to the founding members and the team of the ICO

Funds Allocation (100%)

The ICO plans to allocate its funds generated through the crowd sale under following proportion;

  • 14% funds are planned to be allocated to the SUNEX development OF THE BUSINESS
  • 20% funds are planned to be allocated to the insurance fund of the solar project at SUNEX
  • 26% funds are planned to be allocated to the project’s pre-financing by the ICO
  • 04% funds are planned to be allocated to cover token sale expenses by the ICO
  • 30% funds are planned to be allocated to meet the estimated taxes by the ICO
  • 06% funds are planned to be allocated to the rural infrastructure projects of the ICO

Bonus Structure

The ICO has a well-planned bonus structure to offer to its early contributors. There will be a 10% bonus available for people buying ICO tokens on the first day of the launch of the ICO. The bonus will drop by 1% with every passing day. That means people investing in the ICO on the 11th day of its launch may not be able to avail any bonus offer.

Team Members

The ICO has following team members;

  1. ABRAHAM CAMBRIDGE is the CEO of the Company
  2. LARRY TEMLOCK is the CO-FOUNDER and CFO at SUNEX
  3. LISA LYHNE is the COO at SUNEX
  4. MORWESI RAMONYAI is the CCO at SUNEX
  5. ANTHONY STONEFIELD is the Head of Venture Development at SUNEX
  6. LOURENS COETZER is the VP of engineering at SUNEX
  7. THAVENESH REDDY is the Software Developer at SUNEX
  8. DAVID PURKISS is also the Software Developer at SUNEX
  9. JODY-LEE LIEDEMAN is the Software Test Analyst and Scrum Master at SUNEX
  10. JULIAN SPRING is the Software Developer at SUNEX
  11. BARRETT JAKEMAN is the Community Manager at SUNEX
  12. LAWRENCE BOTLEY is an advisor to the company
  13. THIERRY SCHANG is also an advisor to the company
  14. KARL SIGMAN is yet another advisor to the company

Invest In SUNEX

After a careful review of the ICO, we hereby conclude that SUNEX is going to be the next big thing in the world of cryptocurrency exchanges. It intends to benefit people on a bigger scale. It objective sounds realistic and has a team of professionals from variant backgrounds. We believe SUNEX will be a successful venture. People are suggested to invest in SUNEX open heartedly.

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