SolarCoin is a cryptocurrency earned by generating Solar Electricity.
SolarCoins work like a reward program for solar power generators: People or businesses with solar panels can get a coin for each megawatt hour of electricity their solar panels generate. Users have to send scans of verified meter readings as proof of power generation, which are checked by volunteers.
Users can load their coins in an online wallet application, shop online from stores that partner with the project, or trade them for dollars, euros or other currencies on Lykke Exchange, a Swiss-based exchange platform.