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cryptoquestion
(@cryptoquestion)
Eminent Member
Joined: 3 years ago
Posts: 23
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Candela Coin (CLA)

 

Overview

Candela Coin’s vision is to create decentralized solar energy all across the world by cutting out the middleman - the power companies. They have created IoT hardware and software for seamless peer-to-peer energy transfer. By using blockchain technology this enables owners of solar panels to sell their generated energy to other users, bringing in the best returns possible for their solar energy and the cheapest green energy on the market. People across the globe will be able to transfer solar energy to others in their communities using Candela Coin as a medium of exchange. 

 

Their decentralized system does not rely on the existing power grid infrastructure. In the event of inclement weather, power outages, or down power lines, decentralized solar power will still be able to be generated and provide electricity to the community. Candela is the impetus for the democratization of energy.

 

Our Opinion

Price: $0.00118

Market Cap: $146,000

Fully Diluted Market Cap: $146,000 

Price Target: N/A

Risk score: 10

Candela Coin is our long shot selection.  There is one area of the crypto market that is yet to experience a boom - energy. Some crypto projects have tried and failed. Power Ledger being one such example. Power Ledger hasn’t been able to get the traction needed to make an impact. There are many theories as to why but many blame it on their willingness to work with the power company monopolies and not the people in the communities. Unlike Power Ledger's b2b approach, Candela has taken an alternative path. They are targeting individual households, initially through a partnership with a panel manufacturer. Their business model allows householders to sell their excess energy to other householders in exchange for their native currency CLA. The beauty of their plan is that it allows households who do not have a solar installation to still buy green energy. That is a major selling point for Candela’s solution. 

 

Now let's look at the numbers. There are in fact two coins, a BEP-20 and an ERC-20. They both have the same tokenomics. It is worth checking out the two prices to see where you can obtain the best deal. At the time of writing the best price can be obtained by buying the ERC-20 token.    

 

Based on CLA’s ERC-20 token the fully diluted market cap is only $146,000 with limited volume. Compare that to Power Ledger which has a fully diluted market value of $389 million. Admittedly Candola is new to the party and is yet to prove their model. The reality is this is going to be a hot space - the big question is whether Candela has the ability to execute.  If they get it right you will probably not have enough zeros on your calculator to calculate your profits! Listen to the founder of Candela Coin on our podcast series Inside Track here: https://cryptoquestion.tech/weekly-podcast/


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