Saturday, 23 June 2018

CryptoSolarTech - Solve the problem of global energy. !!!

Solar energy is now a huge market, so the idea of trying to incorporate blockchain technology into it does make a lot of sense. That is the very thing that CryptoSolarTech is looking at trying to do, and what they have is a very interesting concept. The theory of ‘going green’ in this way should certainly be something that is looked at more often, so are we off to a good start with this company?

CryptoSolarTech, a start-up blockchain dedicated to solving the high energy consumption problem of e-money mining, has just completed the pre-ICO pre-sale phase of its Token campaign and has surpassed its softcap. A total of 1260 million CryptoSolarTech Token (CST) will be used in this ICO.

CryptoSolarTech is pleased to announce the successful completion of the pre-ICO campaign of their token sales campaign. A start-up blockchain, this pioneering venture will fix one of the obvious problems of harnessing electronic money by making it energy efficient and environmentally friendly. Their token sales campaign will continue through July 14, providing a total of 1260 million unique cryptographic cryptoSolarTech (CST) ecosystems with a minimum investment of 100 codes. notification. The proceeds from the ICO will be used to build a solar electric arc and build the largest mining farm in Spain.

They talk extensively about the amount of electricity that is used to mine cryptocurrency with many people discovering that it costs them more in power than what they are able to earn from mining. This is not something that is a positive for the industry, so CryptoSolarTech is hoping to do something about that.

They say that they have two areas that they need to develop, and one is to basically build a solar energy farm in Spain with the energy that is created via the energy farm then being used to run the mining operations. This does sound pretty cool when you stop and think about it all but they still need to build this, and that is where the ICO is going to prove to be important.

The Technical Aspect of CryptoSolarTech

They have to bring in funding to then afford the equipment that has to be bought and installed in Spain for the solar energy to then be generated. However, they have already signed a deal with companies that will then buy that energy, so aside from the mining aspect there is also a second income stream, which is certainly going to be rather helpful.

The tokens are based on Ethereum, as is the entire platform, and the intention is that you will hold onto the tokens which, in turn, act almost like shares in the company. The number of tokens will then determine how much profit you can make when the energy is sold, or you could sell them on the open market if the price climbs enough to make this financially viable.

So, from a technical side of things, this is a mining operation as well as selling solar energy to electricity companies, so there is not much else to say about this side of things.

With the rapid development of electronic money, the exploitation of various electronic currencies has become commonplace these days. However, this process consumes enormous amounts of energy for the complex mathematical calculations needed. In countries with lower energy costs due to the abundance of coal and oil, indiscriminate exploitation has led to significant increases in CO2 emissions. There is no denying the fact that in order to ensure a better future for the rapidly growing crypto economy, the problem of high energy consumption must be addressed.

A Spanish-based company, CryptoSolarTech is proposing to tackle the current e-money scenario by creating a solar electric arc capable of generating 45,000 kW of energy. For this purpose, they signed a 15-year power purchase agreement with Respira Energía, a wholesale power supplier that guarantees 100% CO2-free production. Respira Energía will play an important role in CryptoSolarTech's efforts to exploit sustainability and profitability, without the need for conventional electricity.

CryptoSolarTech announced that its upcoming solar project will include ten solar power plants with an investment of 42.8 million euros. The mining center will be located in Malaga. Meanwhile, solar power plants will be installed in the southernmost and most sunny areas of Spain, Andalusia near Sevilla. The uniqueness of this project lies in the fact that it will have its own solar power plant as well as the mining infrastructure. Although there have been similar projects in the past, they are not equipped with self-extracting installations.

"The campaign will be located in one of the hottest areas of Europe. Our team has extensive experience in mining operations, "explains Pablo Alonso, co-founder and CEO of CryptoSolarTech. "We have no doubt that this is a winning package with great profits that any ciphers interested in."

 Token CryptoSolarTech (CST), a Token Type ERC-20, will be an important component of the CryptoSolarTech ecosystem. Owning this digital property will indicate ownership of a small portion of an e-money farm and a solar photovoltaic plant. Users of this platform will be able to receive their electronic money in CryptoSolarTech ICO in a farm where there are about three thousand devices to be installed, "said Alain Aguirre, co-founder and operations operations manager.

Public Blockchain Ethereum will be used to manage, monetize and launch the physical assets that make up this project. The main goal of the ICO is to create a farm that harnesses electronic money and a photovoltaic plant of solar panels to generate electricity. The company announced that 80% of the funds raised through the ICO would be used to develop landfill platforms, acquire land and build a number of solar power plants, purchase industrial warehouses and servers. Pool development, licensing, infrastructure issues and maintenance will consume the remaining 20%.

Future plans for CryptoSolarTech include application of environmental approval requirements for the project, authorization for public construction and grid connection of power plants in June 2018. Land acquisition and warehousing is expected to be completed in September. The launch of the application for construction permits for solar power projects has been scheduled for October.

The Advantages of CryptoSolarTech

What they are trying to do is something that should be applauded, and it does open up the idea of people being rewarded for generating solar energy on their own as that is certainly something that could be incorporated into the blockchain. Also, we cannot fault them for looking at using the ICO to raise the funds for them to complete their project as a number of other companies have followed the same path.
Overall Conclusion About CryptoSolarTech and the ICO
What we can say about CryptoSolarTech is that they do have an interesting product, and it does have potential outwith the way in which it will be used at the outset. If they are able to construct the solar energy farm and then use the power for mining, as well as selling the extra, then you can start to see how individuals generating their own power should be able to get into a system such as this to ultimately earn money.

Overall, they have a sound business model with two clear potential revenue streams, which is always something that investors are looking at. The environmental angle is also going to prove to be a draw as people are certainly becoming more involved in this kind of project because it is just filled with positive connotations.

This is the kind of project where you need to look at the long-term gains. By simply holding onto those tokens, you will be able to grab your share of the revenue over and over again rather than just looking at the movement of the price of the tokens and then deciding when you should buy or sell. This may be the kind of investment that people new to this industry should also become involved in simply because it will be easier to understand and follow the progress without getting drawn into a world of analysis and charts.

More infomation
Newer Post Older Post

    Share This


Post a Comment