Celebrating Our First Solar NFT Sale
We’re beyond thrilled at SolarWise after our very first Solar NFT sale on October 23rd, which sold out in just three hours thanks to our incredible community of supporters and early adopters! This overwhelming enthusiasm has not only met but exceeded our expectations, laying a strong foundation for our mission. Your commitment and passion have shown us what’s possible, and together, we’re building more than just an NFT platform—together with VeChain and the VeBetterDAO we’re building a movement. We’re deeply grateful to each of you for sharing our vision, and this is only the beginning of our journey together!
The Power of the SolarWise community: Thank You for Voting on VeBetterDAO
As we lay the groundwork for Solarwise, your continued support on VeBetterDAO has been invaluable. Voting each week might seem like a small gesture, but it’s truly pivotal. Balancing the needs of running two companies with regulatory requirements requires consistent resources, and your votes help make that possible. Thanks to you, we can meet our goals strategically and sustainably. Every vote counts, and every vote brings us closer to achieving a future built on clean energy.
Progress on Key Initiatives for Solar NFT Holders
We know how important it is to keep you updated on our work behind the scenes. We’re excited to share that our SRO registration is progressing smoothly. There’s plenty of effort going into ensuring we’re set up for long-term success, and we’ll keep you informed on this front as soon as there’s news to share.
In other news, we’re also expanding our solar footprint in Switzerland. We’ve recently brought on a dedicated sales team to connect with local SMEs interested in installing rooftop solar systems. This move is all about extending the reach of solar energy, one rooftop at a time, helping to build a cleaner energy landscape across Switzerland. This is just the beginning, and we can’t wait to see these partnerships turn into real impact.
What’s Next for Solar NFT Holders?
As promised prior to our NFT sale, we’re getting ready to release the Solar Panel Owner Registration Form directly in the Solarwise app, which many of you are already using. This form, available in the next few days, will be an important step in helping us ensure you’re set up to receive any future rewards from electricity production. Completing the registration will make it easier for us to process any payouts correctly, especially for those who may need additional documentation for tax purposes.
Once electricity production starts, our DAPP will update, letting you see the exact output of your solar panel in real-time.
Since the Solar NFT sale, we’ve also been running our sustainability bonus program, with weekly airdrops of the B3TR token. As we announced, for the first two weeks each user received an equal B3TR amount. Now that our staking smart contracts are ready, we’re thrilled to share that staking will officially begin on November 13th in $VET. This means that each participant’s sustainability bonus will be tiered according to their staking level, impacting both B3TR airdrops and potential discounts on administration fees.
To access different staking tiers, Solar NFT holders are required to stake specific amounts of VeChain (VET) starting on the 13th of November. This staked amount determines their tier level, even now while we’re only distributing $B3TR rewards. Once electricity sales begin in January, staking will also provide access to discounts on administration fees, enhancing the potential VET rewards for each staking tier.
How $B3TR Rewards Work Right Now:
Base Tier: Stake no additional VET (Multiplier of 1)
Tier 1: Flexible stake 15% of the NFT value ($352) in VET (Multiplier of 1.5)
Tier 2: Flexible stake 31% of the NFT value ($352) in VET (Multiplier of 2)
25% of our weekly $B3TR allocation is distributed across all NFT holders based on these multipliers. Higher tiers receive a larger share of $B3TR rewards, providing immediate benefits for those staking VET.
Future VET Rewards from Electricity Sales (Starting January):
Once electricity sales go live, monthly VET rewards will become the primary potential benefit for all NFT holders, calculated based on our staking tiers. On top of these potential VET rewards, holders will also continue to earn $B3TR rewards using the same multiplier system. Here’s the breakdown:
Base Tier: Standard admin. fees, with a potential APR of 2.85%. + ( $B3TR Multiplier of 1)
Tier 1: Discounted admin. fees, offering a potential APR of 6.6%. + ( $B3TR Multiplier of 1.5)
Tier 2: Maximum discount on admin. fees, providing a potential APR of 10.5%. + ( $B3TR Multiplier of 2)
This setup gives NFT holders the advantage of dual rewards: primary potential VET rewards from electricity sales and additional $B3TR sustainability bonuses, enhancing total earnings for those who stake more VET. Starting November 13th, for the first time, users will be able to manually claim rewards on our DApp, with payouts based on their staking tiers.
Expanding Opportunities for Sustainability Bonuses with VeBetterDAO
Exploring Active Rewards for Home Solar Panel Owners
As many of you know, Solarwise is already integrated with VeBetterDAO, where B3TR tokens are distributed as passive sustainability bonuses to solar nft holders. But we’re excited to take this a step further. We’re currently exploring ways for home solar panel owners to participate actively and earn even more rewards. This initiative would allow homeowners who haven’t purchased Solar NFTs to earn B3TR tokens based on the electricity they produce.
Our vision is to make sustainability bonuses more accessible and impactful, encouraging everyone to join in our mission for clean, renewable energy.
New Developments on the Horizon: Onboarding A New Farm in Brazil
In other exciting news, we’re in the process of onboarding a new solar farm in Brazil! This marks a key milestone for Solarwise as we expand our reach and increase our renewable energy production capabilities. Brazil’s abundant sunlight and growing demand for sustainable energy make it an ideal location for another solar project, and we’re eagerly looking forward to sharing more updates.
A Heartfelt Thank You and Exciting Times Ahead
As we close out this update, we want to take a moment to truly thank each and every one of you for being part of the Solarwise community. The support, from our first Solar Panel NFT sale to your votes on VeBetterDAO, means the world to us!
Every single engagement brings us closer to a future where sustainable energy is accessible, rewarding, and impactful. A special thank you to the VeChain Foundation for believing in us, our legal team, our developers and designers and our investor.
With so much on the horizon—from the introduction of active rewards for home solar panel owners, to new projects like the solar farm in Brazil and SME in Switzerland—there’s never been a more exciting time to be part of Solarwise.
We’re committed to keeping you updated every step of the way, and we’re honored to have you with us on this journey.
Thank you once again for your dedication, and let’s continue to build a brighter, greener future together!
Ronnie & Bianca
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