Introduction
At The SolarWise Own The Sun AG (SolarWise OTS), we are excited to announce several major developments. Our first solar farm in Paraná, Brazil, is now completed, marking a significant milestone for our project. In addition, our regulatory token qualification has been successfully verified by relevant legal authorities, ensuring legal compliance. We are also in the process of completing our registration with a Swiss Self-Regulatory Organization (SRO) to further strengthen our commitment to compliance with anti-money laundering (AML) regulations.
We have updated our tokenomics to enhance value for our community and comply with set regulations. As part of this, we are thrilled to announce that our Solar NFT sale date will be announced later this week. Each NFT will represent full ownership of a solar panel, providing a direct investment opportunity.
Our platform is fully integrated with the VeChain Blockchain, ensuring transparency and security, and we are also preparing for our listing on the VeBetterDAO, which will enable new channels for governance and community engagement. (VeBetter DAO listing 23.10.2024)
In this post, we’ll break down these important updates, explain their significance, and show how they strengthen the security and profitability of your investment in SolarWise OTS.
The New Solar NFT Tokenomics Update: 1 Panel = 1 NFT
Our initial model proposed dividing each solar panel into 16 NFTs, resulting in a total of 3,200 NFTs across our first 200-panel solar farm. After consulting regulatory bodies, we restructured this model to fully comply with Swiss law, ensuring the safest and most transparent investment for you while being able to transfer full ownership.
What’s Changed:
Before: 1 solar panel was divided into 16 NFTs.
Now: Each solar panel is represented by 1 NFT, meaning there are now 200 total NFTs for our first solar farm.
Why This Change is Beneficial
Clear Transfer of Ownership and Regulatory Compliance
With each NFT representing an entire solar panel, SolarWise OTS ensures direct, transparent ownership of a real-world asset. Fractional ownership of solar panels is not permitted under Swiss regulations. If we were to fractionalize ownership, it would be classified as a security, and we would not legally be able to transfer ownership of the solar panels. This is a critical aspect of our model, as it guarantees your investment in a Solar Panel remains fully compliant with the law and offers clear legal ownership of a tangible asset. These laws and regulations go as far as ensuring that, in the unlikely event SolarWise OTS faces financial difficulties, investors retain clear ownership rights under Swiss law and can file claims through an insolvency administrator to recover their assets.
Regulatory Advantage
At SolarWise OTS, we have taken proactive steps to ensure that our platform complies with the highest regulatory standards. This includes submitting a No-Action Letter (NAL) to the Swiss Financial Market Supervisory Authority (FINMA). FINMA oversees the regulation of banks, insurance companies, stock exchanges, and other financial intermediaries.
Additionally, we are required to register under self-regulatory organizations (SROs) and pay an annual fee to ensure ongoing supervision of our operations. This ongoing oversight ensures that we comply with the highest standards and continuously align with Swiss regulatory frameworks.
Obtaining the NAL meant that our business model is aligned with Swiss law and that the launch of the SolarWise ecosystem will take place after a thorough legal analysis. This ensures that we’ve fulfilled all regulatory requirements, providing long-term security for our investors.
Real-World Asset
Each NFT is directly linked to a physical solar panel within a specific solar farm, ensuring that your investment is backed by a real, tangible asset. This direct ownership provides investors with a legally recognized transfer of a real-world asset under Swiss law, adding an extra layer of trust and security. Unlike models that tokenize energy (which would be classified as securities and cannot transfer ownership), our focus on real-world assets (RWA) ensures that your purchase represents true ownership, providing long-term security. Additionally, SolarWise Own The Sun AG is a Swiss-registered company based in Zug, fully compliant with Swiss regulations, and all ownership transfers of solar panels are conducted under Swiss law.
Please note that all prices listed exclude VAT. VAT is charged where applicable based on the customer's jurisdiction.
Enhanced Staking Model with $VET later $SUN Token Utility
Alongside the Solar NFT tokenomics update, we’ve also introduced a new staking model that provides even greater value to our community. This model complies fully with Swiss regulations and offers investors significant discounts on administration fees through staking in $VET (or $SUN).
Old Staking Model: Previously, our staking structure offered a flat APY for staking your NFT. While this was appealing, it carried the risk of being classified as a security because it promised returns to investors. Being classified as a security comes with stricter regulations that must be followed, and not meeting these could make it illegal. That's why SolarWise OTS pursued a No-Action Letter (NAL) from FINMA to ensure compliance and security for our investors.
New Staking Model: We’ve shifted our staking model to focus on discounts on administration fees. Holders can stake in $VET (or later $SUN) to receive discounts, ensuring compliance with Swiss regulations without promising potential returns.
Why This Staking Model is Superior
Compliance and Security: By focusing on discounting fees rather than offering speculative returns, we ensure that our model remains a utility. This keeps your purchase legally safe while still offering tangible, meaningful benefits.
Potential Returns with Utility Focus: At SolarWise OTS, we’ve designed the staking structure to encourage holding $VET (or $SUN). Rather than focusing solely on increasing base APR, the staking tiers provide clear, utility-based discounts to holders. By incentivizing long-term staking, we ensure that the SolarWise ecosystem remains aligned with the utility-first principles that underpin our project, enhancing the real-world value of holding $VET.
Long-Term Security and Reduced Risk
We have built our business on regulatory compliance and operational transparency. By aligning with the strictest Swiss legal frameworks and legal guidance, SolarWise OTS guarantees that your purchase is backed by clear ownership rights under Swiss law and future-proof structures. In the event of unforeseen financial circumstances, your rights remain protected under swiss law, and you would have recourse through an insolvency administrator to reclaim your assets.
Operational & Environmental Risk Mitigation: We understand that operational risks are inherent in solar projects. That’s why we’ve secured comprehensive insurance to cover potential risks. All information regarding the insurance of projects will be clearly stated in the meta data and prior to the sale. Our solar farms also feature advanced security measures such as fencing and video surveillance to ensure the safety of your purchase.
Conclusion
At SolarWise OTS, our top priority has always been the security and value of your purchase. Our newly enhanced tokenomics structure and staking model reflect our unwavering commitment to transparency, compliance, and sustainable growth. These changes are designed not only to safeguard your Solar Panel but also to position SolarWise OTS as a leader in the future of tokenized solar energy.
We are also excited to share that we’re working on a promising partnership with a Swiss solar energy constructor, which will further expand our renewable energy portfolio and strengthen our global footprint.
Stay tuned for more updates as we approach our NFT launch. As always, thank you for your patience and for being an essential part of the SolarWise OTS community!
A Note from the Founders
At SolarWise OTS, our vision has always been clear: to bring Swiss structure, regulation, and trust into the world of crypto—a space that is sometimes known for the opposite. From day one, we’ve adhered to the highest legal and ethical standards, ensuring our holders can trust in the security and integrity of their purchase.
We’d like to take this moment to thank our Swiss legal team for their impeccable and fast work in helping us navigate complex regulations. We’d also like to express our appreciation to our dedicated development team, whose hard work has made this platform a reality. We wouldn’t be where we are without you! Lastly, we want to thank the Vechain Foundation and the VeBetterDAO for the support and trust we have received.
Thank you,
Ronnie and Bianca
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