Solar DAO is a blockchain project aimed at building a community of users who have decided to finance the construction of PV solar plants (PVS) by utilizing a crowdfunding model to capitalize on their work.
Solar DAO establishes a community dedicated for crowdfunding PV solar plants (PVS) worldwide: to construct, launch and manage them to get profit.
Solar DAO will allow the users to finance and own PV solar plants across the globe with minimal risks involved and bypass the technical barriers associated with the implementation of PVS.
Solar DAO offers the newest financial tool which empowers users to easily, anonymously and safely subsidize the construction of PV solar plants (PVS) on a global scale, circumventing the costs of intermediaries, arranging deals and eradicating technical and other barriers.
Solar DAO will operate as an investment fund, continuously expanding the total capacity of the PV solar plants under the management of DAO (Decentralized Autonomous Organization). This will be accomplished through selling constructed PVS plants and refinancing the construction of new ones with larger capacity.
Solar DAO utilizes the Ethereum blockchain, which:
1. Provides its users with the opportunity to buy DAO shares (tokens), own and trade them anonymously, and acquire dividends dependent on the results of their work.
2. Secures the transparency of all processes related to the PVS construction.
For the purpose of the project, we will create smart contracts and issue tokens, which will facilitate dividend payment, without disclosing the identity of the token owner.
Solar DAO will raise funds by means of Initial Coin Offer (ICO).