Do you want to own a solar power plant? Do you want to do it with minimal costs? How about $1? It’s not a joke. Solar DAO offers the latest format of a financial instrument that allows users to easily, securely and anonymously fund the construction of such a plant avoiding costs of intermediaries. Now any person will be able to participate in the financing of large solar power plant, with a budget from $1.
Something you can touch
The company will raise funds with the two ICO campaign and invest them globally in PV solar plant construction, with a particular focus on the Israeli, Portuguese, Kazakhstani and Ukrainian markets, over the next four years.
What’s most important here, is that it’s something real, something you can touch and see. Solar DAO will allow investors to monitor and control the process of construction. Sirius web interface will be developed to simplify the access to all current information, so that the token owners could communicate in single information space, vote for various initiatives and general DAO business direction.
Why Solar Power?
The global photovoltaic (PV) solar power market has experienced remarkable momentum and is expected to be worth $345.59 billion by 2020, at a CAGR of 18.30%.
In 2000, Germany launched the renewable power sources program. By 2016, more than 127 countries have been engaged into such programs. As you see at the chart above, the gross installed capacity of SES has grown to 237.3 GW in 2015 from 237.3 GW in 2000. More than 170 times during the last 16 years! The trend is gathering pace.
Solar DAO project was established in 2012, and the development team has worked in the solar energy (photovoltaic) market since 1991. The team behind Solar DAO has already implemented 70 MW PV plants across Europe, developed 270 MW plants in Russia and 150 MW plants in Kazakhstan. They have also implemented four production facilities for PV cells and modules in Russia, Spain, Germany and South Africa.
How to invest your $1?
The core ICO scheduled to start by the end of October 2017. There will be a total available supply of 80,000,000 Solar DAO (SDAO) tokens, with an initial token price of $1.00 per token.
SDAO tokens are executed by Ethereum smart contracts for increased transparency and security. Any undistributed tokens will be eliminated through smart contracts, and any release of additional tokens is closed out at this stage.
ICO participants will receive tokens in exchange for their investment which entitles them to Solar DAO shares and grants them access to 100% of profits from all solar plants across the globe. The profits will consequently be distributed quarterly in ETH to tokens holders’ wallets.
When the ICO finishes, major investors will be targeted to buy existing tokens from ICO participants. Solar DAO also aims to payback tokens and sell them to major investors.
–Dmitriy Solodukha Founder & CEO