CryptoSolarTech – solar energy within the blockchain. The ICO already surpassed their soft cap and now it’s nearly reaching its hard cap. Visit their website here.
CryptoSolarTech launched a new platform that would merge solar energy and the blockchain. A project as huge as this really sounds very interesting. Imagine, two huge industries combined to create a powerful platform that can possibly bring fortune to its investors, savings to communities and help the environment.
Let’s take a closer look on how this platform works and see if it’s worth considering a place in your portfolio.
The CryptoSolarTech Solution: Solar Energy in the Blockchain
Solar energy has been getting popular nowadays. Why not? It is cheap, clean and an environment-friendly energy. Well, technically it’s not that cheap at the start when you build the solar panel farm to harvest this green energy. But in the long run your investment on the equipment will be paid off since harvesting solar energy is way cheaper compared to the money you’ll spend for years in paying those big electric companies.
Another big thing nowadays and still getting bigger is cryptocurrency mining. However, mining these precious coins can lead you at a losing end most of the time than making a fortune. Why? Because the infrastructure requires a huge amount of electricity to do its job. And with the rising price of electricity coming from fossil fuel power stations goes higher, cryptocurrency miners are usually at the border of losing their investments.
The CryptoSolarTech solution: utilize solar energy for cryptocurrency mining – economical and earth-friendly. Simple as it seems yet made a lot of sense.
So, to start making this platform a possibility, CryptoSolarTech will build a photovoltaic power station (solar farm) located in Spain. This is the main reason why the ICO came in the picture. Part of the raised funds from the token sale will be used for the purchase of all the equipment needed to build the farm.
Now, once the solar farm has been built and ready for operation, harvested solar energy will then be sold to cryptocurrency mining companies and other entities at a cheaper price compared to electricity from fossil fuel power stations.
The Business Aspect
CryptoSolarTech will be installing around 3,000 solar equipments that will produce up to 271,000 kWh/day.
So, where will this harvested photovoltaic energy would go?
As mentioned earlier, some of the solar energies generated will be sold to mining servers at a lower price. 45,000 kW will exclusively be reserved for these servers to mine cryptocurrencies from the cloud.
However, the downside is that it is costly to maintain these renewable resources for 24 hours a day to provide miners with constant energy source.
So, the CryptoSolarTech group come up with a solution for this unsustainable mining project – a second revenue stream. They secured a 15-year contract with Respira Energia. And as part of the contract, energy produced from the solar plant for 6 to 10 hours will be sold to Respira Energia at a fixed price for the next 15 years. This will provide CryptoSolarTech a fixed income that will then maintain other projects within their platform.
What will be the participation of token holders in this business model type?
CST tokens will fuel the entire platform and as token holders you will have an option to trade your tokens in the open market or hold on to your tokens and get profits when generated solar energy is sold to buyers – basically, keeping your token will serve as shares in the company.
That's it. A simple and transparent business model that will benefit everyone within the CryptoSolarTech community.
Token Sale Details
The CST token is an ERC20 utility token which will be offered to potential investors. The platform will accept fiat, ETH and BTC from interested token buyers.
Total CST token is at 1,260,000,000 tokens, wherein, 80% will be available in the token sale.
Soft cap is set at 983,733 EUR while the hard cap is at 71,400,000 EUR.
CST price is now at € 0.1 per CST token. And you can still grab these tokens until the 14th of July. And a minimum investment of 5000 CST tokens is required to gain access to the platform.
The Verdict
This project is huge. Tapping into the solar energy industry and incorporating it to the blockchain gains this project a solid reputation and investors should consider taking a look at CryptoSolarTech’s business model and its potential to be a profitable part of their portfolio.
A strong possibility to be profitable in the sense that they already have an established contract with a big electric company to secure the platform’s fixed income and also, the already existing cryptocurrency mining groups that will patronize their cheaper priced green energy. Given these sources of revenues, we can all agree that this group is serious in keeping the platform at its feet.
Added to this, CryptoSolarTech clearly aims for a much affordable energy for all aside from giving its community members an opportunity to earn. And also, let’s not forget that by pushing through with this green energy project, the company is definitely making a big contribution in saving the environment.
To sum it up, this project definitely has a lot of advantages – for its consumers, investors and the environment – that is if everything goes well as planned. But, the fact that the group has put efforts in making this idea a possibility, CryptoSolarTech already deserves an applause.
Website: https://cryptosolartech.org/en/
Whitepaper: https://cryptosolartech.org/doc/cryptosolartech-whitepaper-en.pdf
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