SLR

SolarCoin is a unique cryptocurrency that operates on the Ethereum blockchain and is specifically designed to incentivize solar energy production . Launched in 2014, SolarCoin rewards individuals or entities that generate solar power with SLR tokens, at a rate of one token for every megawatt-hour (MWh) of solar energy produced . The project aims to accelerate the adoption of solar energy and contribute to a cleaner energy economy.

SolarCoin has undergone significant changes since its inception, migrating from its original blockchain to the Energy Web Chain (EWC), which is more energy-efficient and aligns better with the project's environmental mission . The Energy Web Chain uses a Proof of Authority (POA) algorithm, ensuring a secure and low-carbon blockchain infrastructure .

The process of migrating to the new chain involved taking a snapshot of the existing SolarCoin Classic (SCC) balances, which were then used to populate the new wallets on the Energy Web Chain . SolarCoin Classic holders could claim their new SolarCoins on the EWC using their current private keys, and the SCC chain would continue to run, although no new grants would be issued on it .

SolarCoin can be traded on various decentralized exchanges, such as Carbonswap on the Energy Web Chain, Uniswap on the Ethereum Mainnet, and iZiSwap on zkSync Era . The project has a fixed supply of 98.1 billion SLR, with a current circulating supply of 64.81 million SLR .

The value of SolarCoin has experienced fluctuations over the years, reaching an all-time high of $2.67 in January 2018 and an all-time low of $0.000907 in July 2014 . As of the latest data, the price of SolarCoin was $0.044828, with a market cap of approximately $2.91 million .