📒Project Summary
This section is a summary of the whole White-paper condensed version:
Last updated
This section is a summary of the whole White-paper condensed version:
Last updated
Understanding RWA and ReFi: Why They Hold Massive Potential in the Blockchain Space?
Real World Assets (RWA) involve converting tangible assets into the digital domain, and Non-Fungible Tokens (NFTs), authenticated by blockchain, are specifically designed to represent and validate RWAs, providing proof of their authenticity, ownership, and lineage in the digital space. These innovations support the principles of Regenerative Finance (ReFi) by not only contributing to financial inclusion but also fostering sustainable economic models. By globally lowering barriers of entry, simplifying transactions, and reducing the need for intermediaries, RWAs and NFTs enhance speed and reduce transaction costs, promoting a more equitable and resilient economic system. This broader impact is vital in transitioning towards a more inclusive and regenerative financial ecosystem.
The global energy crisis, exacerbated by a reliance on non-renewable sources, poses severe environmental and health risks, including climate change, severe weather conditions and more. The demand for renewable energy is growing continuously. The renewable energy sector, particularly solar energy, faces several key challenges. High entry costs and complex ownership structures often exclude individuals from participating in these projects. Traditional investment models are restrictive, limiting access to renewable energy opportunities for many.
Tokenizing real-world assets (RWAs), like solar panels, introduces its own set of difficulties. Many countries struggle with the legal and regulatory complexities involved in tokenizing physical assets, making it challenging to ensure compliance with local and international financial laws. Navigating these regulatory frameworks while ensuring transparency and proper classification under financial regulations is a significant hurdle. Additionally, without streamlined tokenization processes, decentralized ownership of renewable energy remains difficult to achieve, further limiting widespread participation.
Learn more about the The Problem here.
To address the barriers in renewable energy market and the challenges of tokenizing real-world assets, The SolarWise Own The Sun AG introduces a pioneering solution through Solar NFTs. Each SolarNFT represents full ownership of an individual solar panel, offering a direct, decentralized way for individuals to purchase in renewable energy. By leveraging blockchain technology and aligning with Regenerative Finance (ReFi) principles, SolarWise democratizes access to sustainable energy projects, enabling users from around the world to participate in the renewable energy transition.
To navigate the complexities of tokenizing solar panels, SolarWise has implemented a legal framework under Swiss law that ensures each SolarNFT corresponds to the full ownership of a single solar panel. This structure guarantees compliance with financial regulations, avoiding classification as a security while providing NFT holders with legal clarity. This is a critical step in overcoming the challenges many countries face in tokenizing real-world assets.
The completion of our first solar farm in Brazil marks the beginning of a broader expansion, with future projects planned in Switzerland and other regions. These projects, backed by robust legal frameworks and transparency, offer increased liquidity and potential returns through decentralized ownership, helping to foster a more sustainable and inclusive economy. Additionally, through Web2 integration and support for fiat-to-crypto transactions, SolarWise ensures accessibility for both traditional and crypto-focused buyers, further breaking down barriers to participation in renewable energy purchases.
By ensuring regulatory compliance, simplifying the ownership process, and providing innovative purchase opportunities, SolarWise is leading the way in tokenizing renewable energy assets while contributing to a greener, more sustainable world.
Learn more about the The Solution here.
The journey of The SolarWise Own The Sun AG began with assembling a robust team and expanding our community. Our initial efforts were concentrated on laying a solid foundation with a strong focus on regulatory compliance, ensuring that our project adheres to Swiss financial laws, and community growth, which is essential to gaining the traction needed for our first Solar NFT sale on October 23rd 2024.
In the second quarter, The SolarWise OTS secured a Grant 2.0 by the VeChain Foundation and a significant investment, enabling us to prefinance all projects. This is legally compliant under Swiss law, eliminating the need to fund development through NFT sales. Additionally, we have completed the Token Economics Audit, ensuring that our financial operations meet the highest standards of transparency and compliance.
As we moved forward, our focus was on integrating our operations with the MaaS (Marketplace as a Service) platform provided by VeChain, in preparation for our NFT mint. We've also kicked off the development of our DApp and successfully launched it on the Testnet. Our initial testnet sale reached 3,200 users in just 48 hours! We have started the development of our DApp, enhanced our cybersecurity measures, and are planning smart contract audits for final deployment.
With our DApp now live on VeBetterDAO, SolarNFT holders can enjoy additional perks, including the native token $B3TR as a bonus. However, it's crucial to note that the main benefits from electricity sales are paid out in $VET, while $B3TR tokens are not linked to electricity sale rewards. Instead, $B3TR tokens are a sustainability bonus that every NFT holder receives on a weekly basis, airdropped on top of their electricity rewards. Tokens like $VET and $SUN also provide valuable discounts on administration fees, further enhancing the utility of your SolarNFT. Initially, returns will be distributed in $VET, with future plans to support stablecoin payments, followed by $SUN as an additional option."
In Q3, The SolarWise OTS completed construction of its solar farm, commencing energy production, and initiating its reward system. The $SUN token sale, planned for Q4, aims to push the development of our utility token.
Learn more about the Roadmap here.
The SolarWise Own The Sun AG strategically utilizes VeChain as its foundational blockchain technology, leveraging its scalable solutions to enable seamless and transparent transactions via SolarNFTs. VeChain offers tools such as MaaS (Marketplace-as-a-Service), which allows smaller projects like ours to deploy online marketplaces for digital assets with ease.
By deploying smart contracts within the VeChainThor blockchain, SolarWise OTS ensures the secure and automated execution of ownership agreements and the distribution of ownership-related benefits. The Proof of Authority (PoA) consensus mechanism provides heightened efficiency and reduced transaction costs, allowing for smooth renewable energy transactions. Integrated security protocols uphold the integrity and immutability of ownership records, reinforcing trust among SolarNFT holders.
VeChain is a perfect fit for SolarWise OTS not only because of its sustainability focus, but also due to its exceptionally low energy consumption, which is just 0.04% of that of other major blockchains. This aligns with our commitment to minimizing environmental impact while driving innovation in renewable energy.
As we expand our ecosystem, we will leverage VeChainThor's support for Ethereum Virtual Machine (EVM)-compatible smart contracts, promoting cross-chain compatibility and seamless interoperability. This ensures that SolarWise OTS remains adaptable and scalable, enabling integration with diverse blockchains within the VeChainThor network.
Learn more about the Technology Description here.
The SolarWise Own The Sun AG economic model is built around a carefully structured SolarNFT supply strategy, starting with the introduction of 200 SolarNFTs in the first sale, with each NFT representing full ownership of an individual solar panel. These digital assets, exclusively created on VeChain, bridge blockchain technology and renewable energy, allowing buyers to own an entire solar panel. To cover legal fees and yearly audits in Switzerland, a 10% markup is included on top of the NFT sales price.
The SolarWise OTS NFTs are categorized as asset tokens, ensuring that under Swiss law, full ownership of the solar panel is legally transferred to the buyer upon purchasing the NFT on the marketplace.
Electricity Sale Rewards: The main potential benefits from electricity sales are paid out in $VET. As an NFT holder, you will earn a share of the revenue generated by the solar panels, contributing to a sustainable monthly benefit.
Sustainability Bonus: In addition to the electricity benefits, every SolarNFT holder will receive $B3TR tokens weekly as a sustainability bonus. These tokens are unrelated to electricity sales but are a reward for supporting the SolarWise mission, promoting sustainability and renewable energy adoption. 25% of our weekly VeBetterDAO allocation will be distributed additionally for sustainability to our holders.
The distribution strategy includes a public sale for broader participation and a private sale for larger buyers, offering negotiation flexibility. If you are interested in purchasing more than 5000 USD, please contact info@solarwise.vet as we can offer more favorable terms. Revenue streams include trading fees on the secondary market, income from SolarWise-owned panels, a markup, and a percentage fee on ownership benefit payouts, fostering a resilient financial foundation.
Scalability plans involve acquiring a larger plot of land for future expansions, allowing the addition of new solar panels and subsequent SolarNFT sales to support ongoing growth. The diversified income model and scalable approach aim to ensure the long-term success and sustainability of the solar energy initiative.
Learn more about the Solar NFT Tokenomicshere.
The SolarWise Own The Sun AG is launching a staking and ownership benefits program as part of our mission to democratize access to solar energy ownership and align with Regenerative Finance (ReFi) principles. Participants start by purchasing a SolarNFT, which grants access to our staking options. These options provide discounts on administration fees, with greater discounts available for higher levels of engagement.
The new SolarNFT price is $352 USD (excluding a 10% markup fee), with each NFT representing a full solar panel. Staking tiers are based on this USD value to unlock rewards.
Base Ownership Benefit: Start with a potential 2.85% APR ownership benefit on your SolarNFT purchase.
Administration Fee: The SolarWise OTS implements an 81% administration fee on the base NFT returns. However, by unlocking higher tiers through discounts, participants can significantly reduce this fee.
Currently, participants will stake VeChain ($VET) to unlock these discounts. In the future, we plan to integrate the $SUN utility token, which will offer additional opportunities for discounts and ownership benefits.
Now that we're live on the mainnet and listed on VeBetterDAO, SolarNFT holders can start benefiting from weekly $B3TR airdrops. It's important to know that these $B3TR tokens are a bonus on top of the main electricity rewards you'll receive in $VET from owning a real-world solar panel. Unlike other dApps that focus solely on $B3TR rewards, with SolarWise, your $B3TR payouts are fully passive, adding a unique dimension by combining real-world asset ownership with sustainability rewards.
Each week, 25% of SolarWise’s $B3TR allocation will be distributed across different tiers—the higher your tier, the more $B3TR you’ll get. To receive these bonuses, all you need to do is hold and stake your SolarNFT on our platform.
Keep in mind that because SolarWise operates under Swiss regulations and incurs real-world company costs, such as yearly audits and legal structuring, we include a 10% markup on SolarNFTs, which helps cover these expenses and ensures project sustainability. Our platform is more complex and secure compared to other dApps, making it incomparable to those distributing only $B3TR rewards. This approach guarantees balanced rewards while supporting renewable energy expansion and a more sustainable future.
Disclaimer: The energy production estimates provided are based on non-binding model calculations, which consider factors such as the installation area of the solar panels, their orientation, local irradiation data, and seasonal weather patterns in Paraná, Brazil. These estimates are intended solely for informational purposes. Actual energy production may vary due to fluctuations in weather conditions, system performance, maintenance requirements, and other unforeseen factors.
Additionally, these estimates are based on information provided by our Solar Constructor and are derived from data of similar installations in the region.
Learn more about the Staking / Rewardshere.
Ensuring Compliance and Quality in Renewable Energy sector.
The SolarWise Own The Sun AG is committed to upholding the highest standards of regulatory compliance and quality assurance in all our renewable energy initiatives. Our dedication to transparency, legal integrity, and sustainability drives us to collaborate with reputable organizations and regulatory bodies, ensuring that our projects are trustworthy, reliable, and fully compliant with the law.
Learn more about the Regulatory Compliance and Quality Assurance here.
At present, The SolarWise Own The Sun AG team consists of its founder, Ronnie Müller, who brings around four years of experience in startups and five years in the blockchain space. With a clear vision and a passion for sustainable development, Ronnie initiated the project with the commitment to revolutionizing renewable energy ownership.
Our most recent addition to the team is Bianca Müller, serving as Chief Operations Officer (COO). Bianca brings over three years of experience in the cryptocurrency sector, with strategic insights and expertise in tokenomics, which add considerable value to the team. Her background in successfully managing a thriving real estate business equips her with strong skills in business development and operational excellence.
As The SolarWise OTS progresses, the team is poised for expansion, with plans to onboard skilled professionals across various domains. The recruitment process will prioritize individuals who share the project's dedication to sustainability and possess the requisite expertise to help drive the project towards its ambitious goals.
Security is a top priority for The SolarWise Own The Sun AG to ensure the safety of its community, assets, and renewable energy initiatives. Our approach includes rigorous auditing of smart contracts by reputable third-party security firms to identify and address any vulnerabilities. A Tokenomics Design Audit has already been completed by a prestigious auditing company in Switzerland, further reinforcing our commitment to financial integrity.
We are currently in the process of obtaining a no action letter from FINMA and are also in the process of registering under Swiss AML regulations. Once finalized, yearly audits will be conducted by a Self-Regulatory Organization (SRO) to ensure full compliance with Swiss financial and anti-money laundering laws.
In addition to these regulatory measures, our security framework includes continuous monitoring, incident response plans, robust user authentication, and community education to create a secure environment. The SolarWise OTS founders aim to instill trust and Swiss reliability, providing a resilient platform where users can confidently participate in the renewable energy revolution.
Learn more about the Security here.
