In this overiew, we look at the SolarBankers ICO, the first peer to peer energy trading platform for renewable and solar energy. Now you will be able to manage your electricity better and buy and sell electricity without any intermediaries using blockchain technology.

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<br>The solar energy market right now is dominated by large utility companies that buy energy at very low prices and sell it through the grid back to us with their mark-up included. With the SolarBankers platform, there will be a freely accessible marketplace for renewable energy trading using patented technology that qualifies as some of the highest performing methods of energy transfer in the market.

Solarbankers intends to create a freely accessible marketplace for renewable energy trading, challenging the tightly controlled market with a decentralized marketplace. Solarbankers are focusing specifically on Solar energy and renewable energies as to make a full zero greenhouse emission effort for a sustainable and renewable future.
The SolarBanker platform connects small scale generators to the local energy market to make it easier to enter the energy market. Whenever there is a trade of energy between two participants on the market, there is no middle man and smart contracts enable transparent conflict free energy trading.

The SolarBankers platform have designed multiple different solar energy device to be used to generate electricity and manage the platform. The Smart Meter gives you access to the peer to peer network to monitor your energy usages at home. For Solar energy devices, they are using Holographic solar modules, solar umbrellas that act as holographic concentrators, energy generating windows, solar tiles for your roof or building façade. They also have light recycling devices which can reduce your energy consumption and recycle the light used.

Having their own Skyledger blockchain token to offer greater security and transparency than the Bitcoin or ethererum blockchains, and without the backlog of other transactions.

SunCoin is the cryptocurrency created on top of the Skyledger blockchain and acts as a mining-free third generation token aimed at being more sustainable than Bitcoin and etehreum blockchains. The Skyledger blockchains implements a new distributed consensus algorithm called obelisk, distributing influence over the network through a web of trust, and their goal is to correct the security flaws and centralized tendencies of using the skyledger blockchain from Skycoin. In terms of scalability, suncoin is designed to compete with credit cards and can potentially allow for an unlimited amount of transactions per second, with a confirmation time of seconds. Suncoin also has no blocksize limit and can be adapted to any transaction rates. On top of that,

Solarbankers platform gives you the ability to buy and sell electricity from your phone, and their energy controller and marketplace demo app will be on iOS and Android devides soon. Within the app you have the ability to monitor your electricity usage and sell off your uneeded and exceess energy.

SunCoin recently announced the tokens will be listed on Next.Exchange after the ICO, a decentralized exchange which is in public beta and opening to the public March 1st. SunCoin is also being listed on a larger exchange with 15–20 million dollars of daily volume to increase liquidity even more.

The SolarBankers team includes Founder and CEO Alfred Jost who is an expert in the solar market., market economies and corporate business. He has successfully founded and managed over 10 companies collectively earning over 100 million in revenue. The CTO Dr. Carlo Maragliano is an electrical engineer with a PhD in Engineering from Masdar Institute and 10 years of experience in the solar energy field. He has already successfully transferred different solar technologies from the lab to the market. Dana Duncan is the COO and has over 20 years of experience in manufacturing and finance, pioneering solar energy projects in Hermany., Mexico and the USA and has a masters in International Management and an MBA. They also have Jane Zhang as their Blockchain Advisor, who is an angel investors, founder and CEO of Shellpay, an early blockchain startup in China that developed Skyledger.

SolarBankers are having an ICO to raise funds for the development of the platform, so lets break down the ICO details. Out of a total of 300 million suncoins, 38% are allocated the to pre-ico and public ICO, 38% are allocated for partnerships and liquidity guarantees for institutional investors, 17% are for the founders, 5% is for the bounty program, and 2% is remaining for legal and miscellaneous expenses. As for the collection of the funds, 60% will go to R and D for the decentralized energy network, 20% is for marketing, 10% for legal and 10% for project management and operations.

If you want to learn more about SunCoin and Solarbankers, visit their website at <a href="http://www.solarbankers.com/">www.solarbankers.com</a>.

I hope we can free the energy market from the hands of monopolies. Can sharing electricity through an open market, especially renewable energy, bring mutual benefit to everyone involved? Let me know in the comments below.
I’m Ashton Addison and Thanks for reading. Remember to like, share, and subscribe to Crypto Coin Show to see my next overview when I Decrypt the facts, to keep you on track in the crypto world.