The Sun Exchange is a marketplace that enables its members to purchase and then lease solar cells to schools, businesses and communities in the sunniest locations on earth.

The Sun Exchange hosts solar project crowd sales, each with thousands of optimally-located solar cells available for under $10 unit price. Already, solar cell owners in 68 countries are earning income directly from their solar assets while benefiting the environment, and they are tracking their solar cells’ real-time performance on the Sun Exchange platform.

Solar cells purchased through the Sun Exchange are leased to hospitals, factories, schools and other end-users under 20-year contracts, with pricing that tracks changes in local energy prices and inflation. Energy consumers at the solar projects benefit from affordable electricity for no upfront cost, and pay for the solar electricity consumed to replace power from grid connections, diesel generators, and other dirty energy sources.

Sun Exchange’s global appeal is enhanced by its acceptance of bitcoin as a payment currency for solar cells, and distribution of fiat-based solar lease rental in bitcoin. Bitcoin payments are now implemented in all of Sun Exchange’s four operating projects in South Africa. Looking forward Sun Exchange will complete development of Ethereum-based applications to decentralize and automate solar project payments, servicing, governance, and performance reporting.

Sun Exchange evaluates each proposed solar PV project prior to its sale, but only arranges construction after all the solar cells have been sold. Sun Exchange services include solar project co-design with Engineering, Procurement and Construction (EPC) firms, generation of the solar equipment leases and related legal contracts, and solar energy lease rental collection and distribution over each lease contract term.

SUNEX is a loyalty rewards token that customers can use to increase their purchasing and earnings power on the Sun Exchange platform. SUNEX tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract.

SUNEX token holders can obtain a range of financial and practical benefits on the Sun Exchange platform, including discounts on all future solar cell purchases, increased lease payments from solar cells, early options to buy into new projects, and opportunities to vote on future project crowd sales. As a Sun Exchange user accumulates greater amounts of SUNEX, he or she becomes eligible for greater benefits on the platform.

SUNEX can be staked into our Solar Project Insurance Fund, and while staked earn upto a 20% return paid in SUNEX.

After the Token Sale Event concludes, SUNEX will be distributed over time to users of Sun Exchange as a loyalty reward for making purchases on its solar project crowd sale platform. The rules of the loyalty reward program are designed to motivate customers to build a diverse portfolio of solar assets with high environmental and social impact.

A limited number of SUNEX tokens are being created and will be distributed between token sale participants and Sun Exchange management and staff. The remaining supply is to be kept in reserve for the ongoing post-token sale rewards programme.To protect against over-supply, undistributed tokens allocated for the token sale and the required number reserved tokens will be burned so as to ensure that the proportion of tokens distributed in the token sale event will be held constant at 62.5 percent of the total of SUNEX tokens (50 percent to token buyers and 12.5 percent to management).

A maximum of 266,666,667 SUNEX tokens will be minted to supply a multi-year programme that will result in the creation of an ecosystem of millions of Sun Exchange members unlocking hundreds of megawatts of solar energy systems.

Of this token supply:

• A maximum of 166,666,667 tokens will be distributed through a multi-stage token sale event.
• A maximum of 100,000,000 tokens will be reserved for distribution to Sun Exchange members (Reserved Tokens) through the SUNEX rewards programme. These Reserve Tokens cannot be purchased and their issuance and circulation will be directly pegged to the growth of the Sun Exchange core business.

During the token sale we are offering SUNEX tokens at a rate of 1USD per SUNEX. There are minimum purchase amounts and bonuses for early contribution as follows:

• Private Pre-Sale 40% bonus - minimum purchase USD10,000
• Public Pre-Sale 15% bonus - minimum purchase USD100
• Main Sale 10% bonus on the first day, reducing by 1% each day - minimum purchase USD100

The bonus tokens cannot exceed 10% of the purchased tokens. It is possible that the bonus tokens will all be allocated before or during the main sale.

Ethereum (ETH), Bitcoin (BTC) and USD via credit cards will be accepted during the Token Sale event.

Please get in touch via the ‘contact’ form on our website, and we will help you.

You can send BTC from an exchange.

When you buy in ETH we will assume that your sending address will be used to receive your SUNEX tokens, so you may not send ETH from an exchange

Here is a guide to setting up an ERC20 capable wallet using imToken.

An ERC20 wallet is an Ethereum wallet that is capable of accepting ERC20 standard tokens (ERC20 is the standard for Ethereum based tokens).

Firstly the wallet must be an Ethereum wallet, and secondly, you should hold the private keys for the wallet. Most Ethereum wallets that you hold the keys for will be capable of accepting ERC20 tokens - the only exception to this, is the Jaxx wallet.

Before the distribution phase of SUNEX tokens you will be asked to provide your ERC-20 compatible wallet address. It is extremely important that you do not provide an exchange address (Bittrex, Binance or Luno etc) when asked, as this will likely result in you losing your SUNEX tokens.

SUNEX tokens purchased with BTC or ETH will be distributed to token sale participants 30 days after the close of the token sale. To prevent ‘chargebacks’ SUNEX tokens purchased with a credit card will be distributed 90 days after the token sale close. All SUNEX tokens awarded as bonuses will be distributed 180 days after the token sale closes.

This lock up period will give equal opportunity to those wishing to trade SUNEX tokens when listed on exchange.

The SPIF is our unique token staking system that allows SUNEX holders to stake their tokens thereby providing additional cover against payment defaults on solar projects hosted on the Sun Exchange platform. Staking into the SPIF offers up to 20% return in SUNEX. Please check page 31 of our whitepaper for full details.

You will need to perform KYC for a number of reasons. Firstly, as fraud/money laundering prevention. Secondly, many cryptocurrency exchanges are refusing to accept tokens from projects that did not perform proper KYC verification. Thirdly, if an ICO can demonstrate proper KYC then it will be possible for all parties to establish credibility with banks and follow Anti-Money Laundering regulations. Voluntary compliance thus gives a project and its participants a stamp of legitimacy with regulators and banks.

We will be using KYC services provided by Identity Mind. You will receive an invitation to complete the KYC procedure.

You can purchase SUNEX tokens if you are from the United States only if you are an accredited investor.

The Sun Exchange will apply for SUNEX tokens to be listed on various cryptocurrency exchanges so that they will be tradable outside of the Sun Exchange platform.

The easiest way to understand the difference is this:

Solar Cell = Physical Asset that generates lease income for the owner.

SUNEX token = Blockchain Asset that provides certain benefits when using the Sun Exchange online platform.

For further clarification read this article: Solar cell vs SUNEX token purchases.