Solar DAO ICO
Reduce risks and costs while surpassing
technical barriers of investing in PV solar plants across the globe.
Solar DAO ICO information
Pre-ICO: July 27th to August 31st.
Pre-ICO max cap: $4M
ICO start date: end of October / TBA
Objective amount: $8M
“We think we are the first who go this way and when we do that other companies want to do the same. We are competing with classic funds and financial tools and we can offer more functionality thanks to blockchain technology. ” – Solar DAO
SolarDAO ICO start date TBA
Interview with Solar DAO
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Solar DAO: There is problem to invest in PV solar plants. Only people who can invest $1M+ could get good ROI. People who can participate with $10k-$50k-$100k cannot achieve so cool ROI. Investors still have a lot of issues and expenses for owning solar plants.
We create a new financial tool to all of them. Our project project provide opportunity to invest in PV solar plants across the globe buying “solar” assets. They are almost like real plants. You can get dividends and also freely trade them.
It is also a great opportunity of you want to buy more “assets” and don’t want to spend money on accounting, local company dedication and so on. Generally, you just become a co-owner of large PV solar plant… many solar plants.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
SD: At first we are going to create fully working model with dividends distribution. Create holding structure and create the way to operate in real world with using all blockchain features like smart contracts, assets issuance and others.
We issue tokens to raise first funds. Then we are going to use collected funds to PV solar plants construction and will continue to grow their total capacity using classic debt financing. For this we hired people experienced in crypto trading and investing in classic business.
BC: How do you think that competition will develop following your ICO?
SD: We think we are the first who go this way and when we do that other companies want to do the same. We are competing with classic funds and financial tools and we can offer more functionality thanks to blockchain technology.
BC: What are you planning to do with the proceeds of your ICO, and why?
SD: We are going to use 85% of collected funds on PV solar plants construction and further development to continuously grow total capacity of solar plants under the Solar DAO control. Net profit will be shared among token holders.
BC: For all those who have read your white paper (pdf) and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
SD: We are famous team, including people with huge experience in Photovoltaic. People who are not willing to risk their names. And we are here to make totally legendary and unique project. We totally understand all issues in this industry and our purpose is to create totally new and useful financial tool combining real world business and blockchain features and opportunities.
Those are two reasons to invest: performance and immediate usability of the tokens. However, for blockchain believers, the first reason should be to extend the blockchain to companies IT systems, as the internet did, replacing other internal communication protocols. This first reason is more a belief than a short term calculation.