Solarcoin is a Scrypt based alternative digital currency and its innovation comes from the secondary proof of work reward: the Solar Proof of Work. Green solar energy producers are entitled to receive one SLR for every MWh electricity generated. In order to claim a Solar Proof of Work reward, solar plant owners must submit 3rd party verified energy generation certificates such as a Solar Renewable Energy Certificate (SREC) or equivalent country specific documentation. All Solar Proof Of Work rewards will be stored as transactions in the blockchain.
The supply of SLR comprises of the following:
- The Mining Pool: 105 million Solarcoins (0.1%) to be publicly mined over the next 40 years. All publicly mined Solarcoins represent historically generated and unclaimed solar electricity.
- The Generator Pool: 97.5 billion SolarCoins (99.4%) are currently stored in the OCA non-circulating generation pool account. These will be exchanged for Solar Proof of Work claims of solar electricity generation submitted over the next 40 years at the rate of 1 SLR per MWh of solar energy.
- The Genesis Pool: 500 million Solarcoins (0.5%) are stored in the genesis pool account for environmental charities, early volunteers, advisers, builders and maintainers of SolarCoin infrastructure. Genesis pool circulation is capped so that it will never represent more than 5% of total Solarcoin in circulation.
Where is Solarcoin available for purchase?
You can exchange SLR tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Solarcoin is Uniswap V3 (zkSync), notably the SLR/WETH pair, which saw a trading volume of $ 928.37 in the past day. Additionally, Uniswap V3 (Ethereum) and SyncSwap are popular alternatives for trading tokens.
What is the highest value Solarcoin (SLR) has ever reached?
Solarcoin (SLR) reached its peak price at 2.88 $ on 04 May 2018, approximately 7 years ago ago. Presently, the current price is -98.7% lower than this all-time high.
What is the historical minimum price for Solarcoin (SLR)?
The minimum price reached for Solarcoin (SLR) was 0.05128 $, documented on 02 October 2020, more than 5 years ago. In comparison, the current price is 2,90 MLN.%, it above this historical low.
What is the fully diluted valuation of Solarcoin (SLR)?
The fully diluted valuation (FDV) of Solarcoin (SLR) stands at $ 2,86 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SLR tokens. The realization of this FDV might take several years depending on the emission schedule of SLR tokens.
How to add Solarcoin (SLR) to MetaMask?
By integrating Solarcoin (SLR) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import SLR as a token. You can either manually import SLR by copying its contract address (0x4e9e4ab99cfc14b852f552f5fb3aa68617825b6c) or use MetaMask's Chrome extension to add SLR with a single click through P.CASH.
How to add Solarcoin (SLR) to TrustWallet?
Incorporating Solarcoin (SLR) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include SLR, you can either manually import it using the contract address (0x4e9e4ab99cfc14b852f552f5fb3aa68617825b6c) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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