Have you ever heard of the Sun Exchange? This solar power leasing marketplace has decided to announce its own digital token (SUNEX tokens) today for minimizing its operational risks and to finance its expansion.
The SUNEX tokens will power the company’s new platform, the Sun Exchange Insurance Fund. The members of this platform will be able to earn income by participating of projects that will help to brind solar power to underdeveloped regions of the world.
How the SUNEX Tokens Will be Used
With the SUNEX tokens, the users will be able to purchase solar cells for about $10 USD each and they will be able to lease these same cells to solar projects to profit with them while they help places that need the most like South Africa or the Middle East. The returns might be up to 20% per cell that is bought on the platform with the SUNEX tokens.
Up until this report, Sun Exchange had provided financing for four different solar projects in the country of South Africa and were already released. The next project’s crowdsale was finished in less than two weeks, proving that this company has a really popular appeal.
The company believes that by creating these tokens it will be able to decentralize its project even more and allow for more growth of Sun Exchange.