Solarcoin
SLR
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SLR (SolarCoin) has been officially deprecated and migrated to a successor token (kSLR) on the Base network following a May 15, 2026 snapshot. Consequently, holding or trading the legacy SLR token presents severe structural risks. Significant data gaps exist in Active Development, Community Support, and Security and Audit History (all scored -1.0 due to missing or contaminated data), requiring weight redistribution across the remaining scored sections. Scored fundamentals reflect severe distress: Tokenomics (2.5/10) suffer from an uncapped, continuously inflating supply model, lack of burn sinks, centralized foundation control, and supply discrepancies; Market and Use Case (2.0/10) exhibits near-zero trading volume, FDV under $1M, and negligible liquidity; and Team and Governance (3.5/10), while identifying original founders and a 2014 founding date, operates via a centralized foundation with no DAO mechanisms. Because the legacy SLR token is deprecated in favor of kSLR, it should be avoided.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Solarcoin (SLR)
SolarCoin (SLR) is a deprecated cryptocurrency that migrated to a successor token, kSLR, on the Base network following a snapshot on May 15, 2026. Founded in 2014 by Nick Gogerty, Christopher Altman, and Joseph Zitoli through the SolarCoin Foundation, the project was designed as an incentive mechanism for renewable energy generation. The original system distributed rewards at a rate of 1 SLR per megawatt-hour (MWh) of verified solar electricity production, which was adjusted to 1 kSLR per kilowatt-hour (kWh) in the successor deployment on Base.
The project's governance is centralized under the SolarCoin Foundation, without on-chain voting mechanisms or a decentralized autonomous organization (DAO). Tokenomics for the project feature an uncapped, continuously inflating supply structure totaling approximately 98 billion tokens, with an unresolved discrepancy relative to the 4.14 million ERC-20 token supply registered on the Ethereum mainnet. The legacy token lacks built-in token burn mechanisms, staking sinks, or utility beyond Foundation-managed distribution.
SolarCoin has experienced substantial market and operational challenges. Following its historical market highs, SLR suffered a severe price drawdown of approximately 99.8% from its January 2018 peak to May 2021. Prior to its deprecation, the token exhibited near-zero liquidity, daily trading volumes frequently falling below $900, limited single-exchange availability, and a fully diluted valuation under $1 million. Active development on the legacy SLR token has ceased.