Solar market is growing exponentially and demand for solar power will double in the next 20 years and quadruple in the next 40. Solar power as a proportion of total electricity generated contributes only 1% right now but is said to grow to 30% in the next 20 years.

Consequences to not moving towards solar power can be catastrophic and Sunmoney wishes to catalyse this process.

What Is SunMoney?

Sunmoney Solar Group(SSG) is a community-funded decentralized renewable energy company which was established in 2013. With more than 10,000 members in 28 countries, SSG owns and operates solar power plants with an active capacity of 20 MW.

SSG produces electricity from its solar power plants located in different countries. The electricity produces is sold directly to end users or to public utility companies. New members become a part of SSG by purchasing a solar package and as members they have their own share from the total production capacity for the purchase amount.

The solar package is priced anywhere in between 2 Euros to 85,000 Euros. Electricity generated is sold on behalf of the member who receives a monthly income from the 1st month of purchase all the way to the end of the 25th year.

There is a referral system which the members can join and build their own community. They can do so by buying their community packages. Revenue from sales of electricity produced by the power plants is distributed proportionally every month within the community.

Besides its core activities, Sunmoney has other activities which include Crypto Mining, Renewable energy consultancy, installation of solar power plants for 3rd parties and renewable energy related research and development center.

SunMoney SMT ICO Details

SSG is planning to raise funds by means of ICO to add new capacity and grow its community. A total of 10 million SMT tokens will be generated of which 7.2 million will be offered during the ICO. SMT complies with the ERC20 standard thus making it freely transferable on the Ethereum platform.

15% of the tokens generated will be distributed in the private pre-sale and pre-ICO each, 42% is allocated for the ICO, 10% is reserved for the team, 5% for mentors, 3 % is the bounty and 10% is their long-term reserve. Out of the total fund generated, 75% goes to building of new Solar Parks, 10% will be allocated for operations of the company, 8% is reserved for sales and marketing, R&D gets 5% while 2% of the funds will be used for legal & compliance.

Pre ICO starts on Feb 1,2018 and the ICO start date is 15 March. Price of the token is set to 150 SMT for an ETH and contributions will be taken in Bitcoins and Ethereum.

SMT tokens do not indicate ownership of a company, SSG will not pay dividends and SMT owners will not earn any direct interest. The tokens value will reflect SunMoney Groups activity on the energy market. SunMoney Group will create a buy back program for the SMT tokens in which SMG uses 20% of its yearly profits or 3% of its yearly turnover (whichever is higher) to buy back and destroy SMT tokens. Trading will be initiated on one of the popular cryptocurrency exchanges after the successful completion of the ICO.

SunMoney Solar Power Plant Investment Conclusion

Most ICOs nowadays are not backed by value generating assets but not Sunmoney. They are already creating value and is said to grow 83 times in 5 years of its operations. It is one of the safest ICO to invest right now.

You can learn more about the company and SMT token on their website

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