Solar DAO Announces ICO Campaignbr>
Blockchain based investment fund Solar DAO will be launching a two-stage initial coin offering (ICO) crowdfunding campaign. The preliminary ICO begins July 27 until August 31. It will be followed by the core ICO, scheduled to start by the end of October.
Solar DAO is a closed-end investment fund built on an ethereum blockchain. The company will raise funds with the two ICO campaign and invest them globally in photo-voltaic (PV) solar plant construction, with a particular focus over the next four years on the Israeli, Portuguese, Kazakhstani, and Ukrainian markets.
Solar DAO has already implemented 70 MW PV plants across Europe, developed 270 MW plants in Russia, and 150 MW plants in Kazakhstan. The company has also implemented four production facilities for PV cells and modules in Russia, Spain, Germany, and South Africa
The Solar DAO pre-ICO will allow investors to purchase the platform’s native SDAO tokens. There will be a total available supply of 80 million SDAO tokens, with an initial token price of $1.00 per token. Once the pre-ICO is over, any unsold tokens will be eliminated to conserve their overall value. Investors who participate in the first week of the pre-ICO will receive lucrative bonuses.
Solar DAO offers a share in revenues generated by the solar plants in which the token holders have invested. ICO participants can also take part in the critical decision-making processes by exercising their right to vote.