Solar DAO is an investment fund on the Ethereum blockchain designed to subsidize the construction of solar infrastructure worldwide. Here’s our Solar DAO review.
What Is Solar DAO?
Solar DAO, found online at SolarDAO.me, is an Ethereum-based investment fund that promises to reduce the risks and costs of building solar infrastructure. The fund allows investors to own solar assets freely, safely, and anonymously. It will also help break down the technical barriers that are preventing the creation of photovoltaic solar plants around the world.
The ultimate goal of Solar DAO is to build solar parks worldwide and continuously expand their capacity over time. The company will do this through the use of a decentralized autonomous organization (DAO) built on the Ethereum blockchain.
Obviously, Solar DAO has some ambitious goals. Let’s take a closer look at how the organization plans to achieve those goals.
How Does Solar DAO Work?
Solar DAO has developed a new financial tool that empowers users to easily, anonymously, and safely subsidize the construction of PV solar plants on a global scale. This leads to a more efficient solar industry because it circumvents the costs of intermediaries. It also facilitates the arrangement of deals, which helps to eradicate technical barriers.
In more basic terms, Solar DAO plans to build massive solar parks worldwide. These solar parks are filled with photovoltaic solar panels. Using the profits created from those plants, Solar DAO plans to expand the plants over time, increasing their capacity and the total profit of the project.
The main reason solar panels aren’t a globally-accepted energy source today is because they have high upfront costs. Installation and solar panel construction is expensive. Solar DAO plans to circumvent that problem by organizing a huge capital of available funding.
Solar DAO Features
Here are some of the promised features of Solar DAO:
The cost of development is shared among the community. Solar panels have high upfront cost, but deliver strong ROI over a long period of time. Solar DAO plans to deliver that strong ROI to investors.
Shareholder Registry On The Blockchain:
Solar DAO registers all organization shareholders on the blockchain inside a smart contract. Shareholder rights are protected and authenticated through this smart contract.
Each shareholder’s vote directly affects project development and management.
Solar DAO uses smart contracts to enable automatic dividend redistribution in accordance with participant shares.
No personal information of any kind will be recorded. The blockchain stores only public keys of the shareholders’ wallet.
Sirius Management Platform:
Everyone in Solar DAO will be able to follow the development of the project through a single interface called Sirius. Sirius provides current system status for all PV plants, including energy production, profitability, CO2 avoidance, and more. All monitoring systems are connected into one single graphic interface under Sirius.
Like other blockchain-based platforms, it’s virtually impossible to hack Solar DAO’s blockchain.
How Will Solar DAO’s Solar Farms Work?
Solar DAO plans to construct enormous PV Solar Plants (PVS) around the world. Without getting into deep technical details, here are the three core features of those solar plants:
1) Solar Modules (the Panels): These convert solar energy to electricity (DC). Solar modules are connected in series with voltages up to 1500V.
2) Inverter System: This converts the DC energy created by solar panels into usable AC current, then injects electricity into the grid. The inverter is the brain of the PV solar plant, and helps to control and monitor all energy production.
3) Central Grid: The central grid receives energy from the solar plant. Electricity is sold to the grid with feed-in tariffs over the next 20-25 years.
The Solar DAO ICO
The Solar DAO ICO is scheduled for July 27 to August 31, 2017. The ICO will see the release of 80,000,000 SDAO tokens. The initial price per token is $1 USD.
Anyone who holds an SDAO token is a member in the Solar DAO. This grants them access to 100% of fund profits provided by solar plants around the world. Funds are delivered through Ethereum smart contracts.
Any tokens that aren’t distributed will be eliminated through smart contracts. There will be no further release of tokens. You can store or send SDAO tokens using Ethereum wallets like Mist or MyEtherWallet.
Further details about the Solar DAO ICO, including fund distribution, are available online through SolarDAO.me.
Who’s Behind Solar DAO?
Solar DAO is led by Founder and CEO Dmitriy Solodukha, who is also the founder and head of UNISOLEX, and an expert with 14+ years of experience in the field. Solodukha worked his way from solar panel assembler up to solar cell processing engineer then to PVS development and modeling.
The other key member of the Solar DAO team is Oleg Solodukha, Co-Founder and CTO, who has designed and established four solar panel manufacturing facilities in Russia, Spain, Israel, and South Africa. He’s also a member of the expert council, Solar Energy of the Ministry of Industry and Trade of the Russian Federation.
You can contact the company by email at firstname.lastname@example.org.
Solar DAO Conclusion
Solar DAO is a unique concept that aims to build solar farms around the world. Solar panels have a recognized ROI. The only problem with solar farms is that they’re expensive to build and install. Solar DAO will organize investors into a pool of funds. Those funds will be used to transparently build solar production facilities around the world. Solar energy is sold to the grid, and investors receive rewards for their investments.
Solar DAO is designed to be a long-term investment. The organization was created by two Russian entrepreneurs who have been active in the solar production industry since the 1990s. You can learn more about the project online at SolarDAO.me, where they’ve published a whitepaper.