South Africa’s blockchain enabled renewables firm Sun Exchange raises $3m

▤ Summary

Typical returns from electricity generation are around 12% over a twenty year period, assuming the solar panel lasts that long. The Sun Exchange responded that the reason was to avoid being legally considered a security in the U.S. and said it shows in bold text when U.S. customers sign up. For example, in a recent project, according to our quick calculations, the cost of the solar panels at retail prices made up roughly half the money to be raised. Founded in 2015, Sun Exchange currently claims to have members in 162 countries and says it has generated over 2 million kWh to date. The company also has a rewards token called SUNEX, which increases the purchasing and earning power on the Sun Exchange platform.

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