Are you interested in the renewable energy market? There are certain companies which are working in this field in the blockchain market. We are going to review one of them on our blog today. Its name is Sun Fund.
What is Sun Fund?
Sun Fund is a blockchain company which has been promoting the tokenization of renewable energy and creating an asset-backed cryptocurrency. The main goal of the company is to create a stable market in which the users will be able to trade tokens by solar energy and receive money for holding tokens. The company already exists since 2014 but it is integrating blockchain technology into its systems.
The company is trying to solve two main problems: the investments in renewable energy are generally too expensive right now and many people around the world remain in the dark completely without electricity, which causes a gigantic problem. Sunfund plans to create a solution for this problem by diminishing the number of intermediates in the system.
The so called “sun fund” is composed by three systems: a cryptocurrency that generates real value via the revenue of renewable energy sources; an application that will provide a decentralized P2P platform that will connect the interested actors; and an inbound data hardware that connects solar inverters via data channels to the blockchain of the company.
The people that created this network are experts in the area of blockchain technology and renewable energy that started this company because they saw an opportunity to make this market grow with the use of the blockchain technology.
How Does Sun Fund Work?
Basically, you invest in Sunfund to get tokens in exchange and these tokens will be useful for you because you will basically receive money for holding them. It is like investing in a giant renewable energy company, but you can invest with a lot less money than you would need if you were a traditional investor. The payments will be made via a smart contract.
The platform will also create data about the money that is being generated by the company and the money that is going to each investor and who they are, so all of this information is completely free to the users of the company to ensure that it is completely transparent, something that is very important to this company.
The company will also have systems to reward people for creating renewable energy for Sunfund and for them to pay for the energy. All the information of these processes will also be stored on the blockchain.
The company is focused on solar energy at the moment but it does not discard the option for other sources in the future.
How to Invest in Sun Fund?
If you are already interested in Sunfund, you can invest in this company by acquiring its tokens during the Initial Coin Offering (ICO). The ICO is planned for the first quarter of 2018. It will have two phases: the pre-sale and the main sale, which will happen soon after. You will be able to buy tokens with discounts if you buy them soon, so that might be a good idea.
For more information about the ICO, check our blog for updates.
The Sun Fund Verdict
Is Sun Fund a good investment for you? Yes, it can be a good investment, you just have to think about some points before you actually invest in Sunfund and you will be fine. In the first place, this company is very interesting for people who are interested in solar energy and renewable energies in general, so if you are, it can be a great idea to invest in Sunfund.
The major problem with the company is that the ICO is still lacking some information, so we cannot talk about the price of the tokens at the moment. This is a negative point, but it does not mean that this is not a good investment for you, as in fact, it can surely be.
If you are interested in Sunfund, be sure to invest and you will probably not regret this decision because there is a great chance that Sunfund will give you a great return on investment if you decide to give it a chance.