SolarX Community Update
We want to address the recent delisting from MEXC openly and transparently.
Following a market-making issue that resulted in a sharp price dump, we stepped in and bought back approximately 10 million tokens to stabilize the market. After this, MEXC introduced a new requirement for SolarX to push the price 200% above the previous market cap level. Unfortunately, without additional funding at this stage, we were unable to meet this condition, which led to the delisting.
For clarity, here is how SolarX funding has been used since launch:
Total raised via TenSet IDO: ~$1.1M
TenSet fee (10%): ~$100K → remaining ~$1.0M
Marketing team (15%): ~$150K → remaining ~$850K
Bitget listing: ~$360K
MEXC listing: ~$60K
CEO salary (over ~1 year): ~$200K
DEX liquidity: ~$100K
Market making (Kairon Labs):
~$100K on MEXC
~$100K on Bitget
As many of you know, SolarX is a very large and complex project—hardware, blockchain, mining infrastructure, compliance, and energy integration. Despite pushing strong marketing, trending campaigns, and exchange exposure, the reality is that expenses were significantly higher than short-term revenue, and capital was burned faster than it could be replenished.
It’s also important to say this clearly:
Over $3 million USD was personally invested by the founder into SolarX for hardware development, company formation, and core technology—well beyond what was raised publicly.
What’s next for SolarX
SolarX is not stopping.
We have applied for carbon credit licensing in Europe
We are actively developing SolarX Miner V2, which is more efficient and utility-focused
The SolarX miner will act as the backbone infrastructure for verifying and validating on-chain carbon credits
This is the long-term vision we are executing on
Once the required licenses are secured, we are already in discussion with partners to conduct a new funding round, targeting ~$10M for the holding company, which will allow us to scale properly and execute the full roadmap.
This journey has not been easy—but the mission remains the same.
