The Sun Exchange Lets Members Purchase Solar Cells and Distributes Profits as Either Bitcoin or Fiat Currency
Investors can purchase solar cells using either bitcoin or South African Rand. Sunex believes that their project will invite new investors into the cryptocurrency space, anticipating that the tangibility of having “an actual physical and valuable, solar asset” will entice prospective investors who are inexperienced with bitcoin.
Sunex allows its customers to purchase individual solar cells rather than entire panels (a solar panel usually comprises 60 solar cells) in order to facilitate investment from individuals with little capital. Sunex rents the solar cells to a designated infrastructure project, and repatriates rent incurred through the consumption of power back to the owners of the solar cells. Each solar cell is given a unique reference number, allowing investors to geographically locate and inspect their solar cells.