Solar DAO, a blockchain based investment fund has announced the launch of its upcoming pre-ICO campaign, starting July 27, 2017. The crowdsale will offer a unique opportunity for cryptocurrency community members and investors to be part of the clean energy revolution.
The energy sector is increasingly moving towards renewable energy. The shift is driven by the depleting petroleum reserves, environmental concerns and the improving efficiency of non-conventional power generation techniques. Solar energy tops the list of clean energy resources, as it is easy to harness sun’s energy by anyone with the right equipment.
The number of individuals, as well as private entities setting up solar plants, are increasing every day, presenting an attractive market opportunity for investors to pump in the much-needed liquidity to facilitate the process. Solar DAO is an investment platform that makes things easier for both investors and contractors/owners of solar power plants. The platform leverages upon the properties of cryptocurrency blockchain technology to offers a transparent, secure and a convenient method for users to invest in PV solar projects.
Solar DAO is among the very few companies that are actively involved in revolutionizing the energy sector with the implementation of blockchain technology. The platform utilizes Ethereum blockchain to reduce risks, costs and technical barriers that are currently hampering easy-investments in PV solar projects. Solar DAO opens the market to a global audience, where users from across the globe can invest in solar power plants in any region in the world.
The new financial tool, Solar DAO democratizes the clean energy sector by offer stakes in the projects to its SDAO token holders. The platform makes use of smart contracts to register the token holders on the blockchain, allowing them to gain attractive returns on investment. Solar DAO offers a share in revenues generated by the solar plants in which the token holders have invested. They can also take part in the critical decision-making processes by exercising their right to vote.
The Solar DAO pre-ICO starting on July 27, 2017, will allow investors to purchase the platform’s native SDAO tokens. The platform has assigned a total of 80 Million tokens for sale during the period, ending on August 31, 2017. Once the pre-ICO is over, any unsold tokens will be eliminated to conserve their overall value.
More information about the platform, its vision, tokens and the crowdsale is available on Solar DAO’s official website. The whitepaper offers comprehensive information about the project and market potential.