Candela Coin Announces Plans to Launch Blockchain Based Solar Energy Transfer Platform
08/26/2020

Decentralized solar energy and software that utilizes blockchain technology for peer-to-peer energy transfer and the democratization of energy.

Online PR News – 26-August-2020 – Washington, D.C. – Candela Coin is a cryptocurrency that allows holders to take part in the ground floor phase of decentralized solar energy and a blockchain based peer-to-peer energy transfer platform. People across the globe will be able to transfer solar energy to others in their communities using Candela coin as a medium of exchange.

Our blockchain based peer-to-peer transfer platform allows users to buy, sell, or store solar power allowing energy to be more accessible and sustainable for the world. Our vision is to decentralize and democratize the consumption, transfer, and production of solar energy. With Candela coin, we remove the need for large monopolies and power companies that control the price and supply of the power we rely on, putting the power back in the hands of the people.

We are developing a mobile app and web interface that will act as a solar energy marketplace by aggregating bid and ask prices set by the users. We are also developing an IoT device/smart meter. The IoT device functions as a distributed computing node and an asset control switch. This device permits the designation of certain kWh units of locally produced energy to be marked and offered for consumption by adjacent local participants using the same component. The transaction is “cleared” within this system between the meters through machine-to-machine management and the app/web interface management of distributed ledger entries.

The concept of utilizing blockchain technology to decentralize energy is a new but not novel concept. However, there have only been a handful of attempts in the past to even begin to take the depth of the challenge presented to us with the goal of democratization and decentralization of energy for all. So what makes Candela coin different? Candela coin's goal is to create a seamless single point of transaction for easy buying, selling, and storing energy. Past attempts have been unable to bridge the gap with some offering secondary markets, lack of liquidity, multi-token systems, or even inviting large corporate entities to invade the technology.

Candela coin's goal is to truly democratize and decentralize energy for all so that the world is no longer dependant on large monopolies and corporations for their energy. We aim to do this by removing the current infrastructure that keeps our nations tied to these corporations and entities. We are offering innovative IoT hardware that enables users to receive and store energy, while at the same time giving them a single point of seamless transaction to buy and sell energy. We are truly aiming to empower the people.

Candela's open-source ecosystem allows users to participate in every way possible. Everybody is a contributor. By doing this we believe that we can truly democratize and decentralize energy. Ditch the grid with Candela coin!

Our pre-sale/IEO will occur on September 14. Please go to http://www.candelacoin.com to sign up for the email list and receive advance notification. The tokens well be sold through our website and on an exchange. We will announce the exchange later this week.

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