📒Project Summery
This section is a summary of the whole White-paper condensed version:
Fundamentals
What are RWA and why do they bring so much potential in the blockchain space?
Real World Assets (RWA) involves 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. They further contribute to financial inclusion by globally lowering barriers of entry, enabling affordable micro-ownership, simplifying transactions, reducing the need for intermediaries and enhancing speed, thereby reducing overall transaction costs and emphasizing their broader impact.
✋ The Problem:
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 continuesly. However, investing in renewable energy comes with challanges on its own. Such as, high barriers of entry due to high initial investment costs and intricate technical requirements, geographic restrictions, limiting widespread participation. Overcoming these challenges demands inclusive investment models, regulatory clarity, and collaboration to foster sustainable practices.
Learn more about the The Problem here.
💡 The Solution:
The SolarWise Project introduces Solar NFTs, representing ownership in a solar farm through blockchain and real-world asset (RWA) tokenization. With a mission to transform energy ownership and a vision for universal sustainable energy ownership, SolarNFTs offer financial opportunities, fractional ownership of a solar panel, increased liquidity, and a commitment to mitigating the global energy crisis. With just a few clicks, you can hold our solarNFT from anywhere in the world and benefit from the efficient solar energy production in Brazil. Each solar panel is divided into 16 Solar NFTs, with each NFT sharing an equal portion of the monthly returns generated from the sale of energy produced by these panels.
Integrating carbon credits / debits enhances the positive environmental impact. We are also dedicated to simplifying digital wallet creation through Web2 integration and supporting fiat-to-crypto transactions. These initiatives make SolarNFT ownership accessible to a broader audience, extending beyond traditional Web3 users.
Learn more about the The Solution here.
🛣️ The Roadmap:
The journey of the SolarWise Project 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 and community growth, which is essential to gaining the traction needed for our upcoming Solar NFT sale. As we moved into the second quarter, the SolarWise Project had already secured the VeChain Foundation Grant 2.0, providing crucial support for our early operational and developmental strategies. Additionally, we successfully secured a significant investment from an investor, which enabled us to pre-purchase the solar farm. This pivotal financial boost deviated from our initial plan to fund the development through NFT sales.
In light of our founder's Swiss origins, relocating our headquarters to Switzerland was a strategic move, aimed at leveraging the country’s reputation for transparency, crypto friendliness and economic stability. This relocation is particularly beneficial as our Token Economics Audit is being conducted by a reputable auditing firm based in Switzerland, ensuring our financial operations are held to the highest standards.
During this same period, we focused on integrating our operations with the MaaS (Marketplace as a Service) platform provided by VeChain, in preparation for our NFT mint, which will start on the 31. of May. The quarter is marked by intense development in other areas: we kicked off our DApp development, enhancing our cybersecurity measures, and will performed comprehensive smart contract audits. Once completed, listing our DApp on the VeBetterDAO is a significant milestone we are working on. This will then allow us to add the native token B3TR to our business model.
In Q3, SolarWise plans to finalize its solar farm development, commence energy production, and initiate its reward system, alongside the $SUN token sale which aims to enhance the APY on our NFTs. This will coincide with our first DEX listing, emphasizing scalability and market integration. Q4 will focus on establishing a robust governance framework, expanding partnerships, and ensuring carbon credit compliance, supporting regular project scaling. Beyond these milestones, SolarWise is committed to continuous innovation, with plans to expand into other renewable energy assets like wind turbines and hydropower, ensuring sustainability and long-term impact.
Learn more about the Roadmap here.
The Blockchain
⛓️ Technology Description
SolarWise strategically embraces VeChain as its foundational blockchain technology, harnessing its scaling solutions for seamless, transparent transactions via SolarNFTs. VeChain also provides incredible tools such as MaaS (Marketplace-as-a-Service), which enables smaller projects like us to deploy online marketplaces for digital assets very easy. The deployment of smart contracts within the VeChainThor blockchain ensures the secure, automated execution of ownership and energy-sharing agreements. Benefiting from the Proof of Authority (PoA) consensus mechanism of VeChainThor, SolarWise achieves heightened efficiency and reduced transaction costs for flawless renewable energy transactions. Security protocols integrated with VeChainThor uphold the integrity and immutability of ownership records, fostering trust among Solar NFT holders. VeChain proves to be an ideal match for SolarWise, as both projects prioritize sustainability, demonstrating unwavering dedication to the pursuit of these shared objectives.
In the realm of scalability and interoperability, SolarWise leverages VeChainThor's solutions, emphasizing optimal performance and scalability during ecosystem expansion. The project tap into VeChainThor's support for Ethereum Virtual Machine (EVM)-compatible smart contracts, promoting cross-chain compatibility and composability. SolarWise's integral presence within the VeChainThor ecosystem ensures seamless interoperability across diverse blockchains within the VeChainThor network.
Learn more about the Technology Description here.
🪙 SolarNFT Tokenomics
SolarWise's economic model revolves around a meticulously crafted Solar NFT supply strategy, introducing 3200 Solar NFTs in the initial sale, each representing ownership in a solar farm with 200 panels. These digital assets, exclusively created on VeChain, bridge blockchain technology and renewable energy, enabling investors to own a portion of a solar panel.
The distribution involves only a public sale for broader participation, and a private sale for larger investors with negotiation flexibility. Revenue streams include trading fees on the secondary market, income from SolarWise-owned panels, and a percentage fee on reward payouts, fostering a resilient financial foundation.
Scalability plans include acquiring a larger plot of land for future expansions, allowing the addition of new solar panels and subsequent Solar NFT 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.
🥩 Staking / Rewards
This program will feature 4 staking options tailored to varying levels of holding duration and engagement, offering participants the flexibility to choose a staking strategy that suits their preferences.
Payouts, distributed will be in $VET (FIAT Payout will be added soon), ensure transparent returns, and SolarWise plans to implement a user-friendly staking platform on its website with a focus on security and flexibility. Holders have the option to unlock tiers by either staking their NFT for a designated time period or by holding their NFT in a flexible arrangement for a specified duration to access these rewards.
Participants can anticipate an intuitive interface, robust security measures, and the flexibility to stake Solar NFTs based on their investment strategy, enhancing the overall staking experience for active engagement in sustainable energy initiatives.
Learn more about the Staking / Rewardshere.
More Informations
🤝 Certification and GCS
SolarWise will collaborate with certification organizations for the certification and monetization of carbon credits, enhancing the environmental impact of its solar farm. Strategic partnerships ensure rigorous assessments, and upon certification, SolarWise generates tradable carbon credits and debits. These are made available on established carbon markets, contributing to revenue generation for the solar farm's sustainability.
Entities like Earthood and the UNFCCC will be contacted to help us on this journey. The company also emphasizes innovative carbon accounting solutions, leveraging technology and blockchain for enhanced transparency and traceability in the monetization process.
Learn more about the Certification and GCS here.
👨🏫 Team
At present, the SolarWise team consists of its founder, Ronnie Müller, who brings around 4 years of experience in Startups and 5 years experience in the Blockchain space. With a robust vision and a passion for sustainable development, Ronnie has initiated the project with a commitment to revolutionizing renewable energy investments. Our most recent addition to the team is Bianca Müller as the Chief Operations Officer at SolarWise. Bianca brings over three years of invaluable experience in the cryptocurrency sector, with her strategic insights and expertise in tokenomics adding considerable value to the team. Her background includes successfully managing a thriving real estate business, providing her with keen insights into business development and operational excellence.
As SolarWise progresses, the team is poised for expansion, with plans to onboard skilled professionals in diverse domains. The recruitment process will prioritize individuals who share the project's dedication to sustainability and possess the requisite skills to drive SolarWise towards its goals.
🔒 Security
Security is a top priority for SolarWise to ensure the safety of its community, assets, and renewable energy initiatives. The approach involves rigorous auditing of smart contracts, conducted by reputable third-party security firms, to identify and address vulnerabilities. Additionally, the tokenomics design audit will be conducted by a prestigious auditing company in Switzerland, reinforcing our commitment to financial integrity. SolarWise employs decentralized identity and access management protocols to enhance user privacy, reduces reliance on centralized systems, and encrypts data transmission using industry-standard protocols.
Continuous monitoring, incident response plans, robust user authentication, and community education further contribute to creating a secure environment. SolarWise aims to instill trust and reliability, fostering a resilient platform for users to confidently participate in the renewable energy revolution.
Learn more about the Security here.
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