WHAT IS SUNMONEY: SunMoney Solar Group (SSG) is a community-funded renewable energy company, established in 2013 with a 2 million euro investment from private investors. With more than 10 000 members in 28 countries, SSG owns/operates/owns options of solar power plants with an active capacity of 20 MW. To add new capacity and grow its community, SSG plans to raise funds by means of Initial Coin Offering (ICO). SunMoney Solar Group is aiming to build 30 MW of solar power capacity in Germany and Hungary in 2018 with the funds raised. SSG will also to extend its investment platform to open service for 3rd party solar power plants.
HOW WILL THIS TOKEN BE PROFITABLY?
The Sunmoney Tokens’ profitability is based on the 2 core activities of the SUNMONEY SOLAR GROUP:
1: SOLAR POWER PLANTS:
SUNMONEY owns, installs and supports all its solar parks. New parks are built on a regular basis. All these power plants have long term contracts for selling electricity to public utilities and companies. The solar panels used in our parks are manufactured by the prestigious German company, Bauer Energiekonzepte GmbH and come with 25 years warranty. All the plants have insurance and are regularly audited. The exploitation rights of these plants based on Watt output are sold in packages to our members. The power plants are built at different geographic locations with different weather conditions to mitigate local risks and increase the average output of our solar parks. All the members buy the rights in this pool of solar power plants.
2: CRYPTO MINING:
The two most popular business trends, renewable energy and cryptomining combined in a new package and service with all the network benefits. Members are now able to buy SunMining packages to earn money from the SunMoney cryptomine for 2 years.
The SunMoney cryptomine is running on solar energy.
SUNMONEY ICO DETAILS:
A total of 10.000.000 SMT tokens will be issued on the Ethereum blockchain using a smart contract, of which 7.200.000 will be offered during the ICO process. SMT will comply with the ERC20 standard andwill be freely transferable on the Ethereum platform. SMT tokens do not indicate ownership of a company, SSG will not pay dividends and SSG owners will not earn any direct interest. The tokens value will reflect SunMoney Groups activity on the energy market. SunMoney Group undertakes to 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.
SUNMONEY ICO DETAILS
15% Private Pre-Sale
10% Long-term Reserve
USE OF FUNDS
75% Building of new Solar Parks
We are in the process of integrating blockchain to Sunmoney’s Solar Account System and our payment system too. Also the new investment platform and the monitoring of all solar power plants will be based on blockchain and smart contracts to provide security and transparency.
Up-to-date Solar Farm production data will be stored in the blockchain to guarantee transparent production information both for partners and investors. All existing Solar Farms are outfitted with a sophisticated real-time monitoring unit which provides all necessary technical and production data to SunMoney’s operation center.
SunMoney plans to offer access to its investment community and energy trading partners to third party Solar Farm owners and operators. These third-party capacities will enter SunMoney’s energyand financial settlement network via smart contracts on the Ethereum blockchain.
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