Summary of the AMA call from yesterday:
Network theory of economics
-The average participating node in a network protocol (such as currency or reward) is worth somewhere between $500-$5000. The original research involved 50 of the world's largest currencies (incl. bitcoin and gold). The latest data involves research of 90 currencies going back about 30 years and that data supports the original thesis (each node is valued at $500-5000).
-SLR primary go-to-market strategy involves speaking with solar inverter manufacturers who act as monitoring portals and with utility companies.
-SLR is engaged with a CEO of a large monitoring company (couple weeks ago) and they seemed enthused.
SMA deal
-SMA is one of the largest monitoring platforms in the world.
-When we launched with SMA in February we anticipated significant uptake out of 300,000 users we were expecting 200-300 per day to sign up.
-Unfortunately the SLR feature was initially buried on the SMA platform (at initial launch) and so we were only seeing about 10-15 new sign-ups per day.
-More recently, SMA has moved the SLR feature up to the front of their platform and this has led to a substantial increase in the amount of claimants.
-We are now seeing anywhere from 60-200 claimants per day, and best guess is that the average will be about 100-120 new claimants per day. If this rate stays stable (which it has been over the last several weeks), then it puts us on track to add 30-45k new participants to the SLR network per year (and that is without any further marketing).
-This amount of new claimants will help us to make further SLR deals with other monitoring or utility companies.
-In the next couple years, we could potentially have around 70-100k participants.
-SMA is also looking into some other potential uses for solarcoin, but these ideas are still in their early stages and cannot be disclosed yet.
-There are potentially 30 million installations world-wide and growing every year.
-SLR will be presented to an impact investing conference for 300 family offices at the UN headquarters (Sept 5th).
SolarCoin collaboration with the Energy Web Foundation
-Three options:
1) Keep slr blockchain as-is
2) Bridge between slr and energy web (hybrid approach, e.g. polkadot network)
3) Migrate to ERC-20 - one ERC-20 token will be given for one SLR
-SLR burn is still potentially viable, but if SLR does a migration to another chain, then the burn will occur after we figure out what the migration would look like.
-The benefit of migrating to ETH, it will make all the tools, merchants, exchanges infinitely easier for them because they inherit the entire ecosystem of ethereum tools and resources. In other words, it will be much easier to find someone to help with technical lifts and to do integrations. Use cases will emerge much quicker.
(please post your opinions in the slack about the potential migration to ETH)
-Biggest growth in value is expected to come from bringing on new users (new SLR claimants).
Solarity concept
-The price of SLR at which point solar energy becomes free (when SLR = cost of energy).
-SLR becomes an economic advantage at about 10% of the solarity.
-SLR may raise the threshold for affiliates.
-Affiliates may have to bring in a couple thousand users and/or x-number of MWh of energy.
-There is one solar merchant looking at solarcoin.
-There were talks with a debit card company that can issue SLR debit cards and we plan to circle back with them once we have 20-30k users (maybe in 6 months).
-Right now the focus is just getting more users (which it looks like we will get from SMA).