Green energy tech startup Solareum has announced plans to introduce a new blockchain-based platform that will be a cryptocurrency supported marketplace for renewable energy.
With a website already live, cryptocurrency enthusiasts can now take a peek into the future of renewable energy trading, where every day users can purchase green energy products, and claim back tokens as a reward for using alternative, cleaner sources of energy.
With ambitions to be one of the leading service providers of renewable energy over a secure blockchain marketplace, Solareum hopes to be the “Amazon of Renewables” for both businesses and retail users. Backed by major green energy contractors and companies, the Lichtenstein-based firm is ready to expand the service and product horizons for businesses, while offering cheaper alternatives to everyday consumers.
Utilizing the security of Ethereum smart contracts, Solareum will operate in a completely transparent manner, offering all the benefits of decentralized service provision.
Its mission was introduced to a recognized audience in February, when its CEO Kenneth Reece made a guest presentation at the United Nations Youth Assembly.
Reece has had an illustrious career within the renewable energy industry and continues to passionately advocate for the use of alternative sources of clean energy, tying it to the wider topic of climate change and its impact on our planet. He has already been invited to speak and moderate at this year’s UN summit.
He is joined by the other co-founder, Justin Lally, an angel investor with a track record of successful blockchain and cryptocurrency projects.
From a commercial perspective, a platform that is at once peer-to-peer and business-to-business will facilitate exchange between companies who provide energy and communities who use energy will ensure a connected world of renewable resources, while providing the privacy enabled by blockchain security.
Any user will be able to access an i nternational network of solar power providers and install a selection of products at the touch of a button, allowing access to an energy source previously out of reach to many people.
Furthermore, the company is backed by a managed investment fund based on a basket of major cryptocurrencies, ensuring users can always invest without worrying about buying or selling opportunities.
Another feature of Solareum will be its debit card integration that will allow users to spend their cryptocurrency easily at any number of service providers.
The native digital token of the platform, Solareum token (SLRM) is now available for sale directly from the website at a base price of $0.70 per token. The company hopes to raise $42.2 million, coinciding with Earth Day celebrated on April 22nd.
Users can buy SLRM with a wide range of 14 different cryptocurrencies, including Bitcoin (BTC). Litecoin (LTC), Ethereum (ETH), NEO, Monero (XMR), Zcash (ZEC), DASH, Dogecoin (DOGE0, Goldcoin (GLD), Vertcoin (VTC), Bitcoin Cash (BCH) and Digibyte (DGB). Users can also use credit and debit cards to purchase SLRM.
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