At SolarWise Own The Sun AG, our mission is to revolutionize renewable energy by tokenizing solar panels and bringing this innovation to the blockchain. Our ecosystem enables users to own a piece of a solar farm through NFTs, participate in its operations, and benefit from the energy it produces. "SolarWise x VeChain: Key Updates and Next Steps" highlights our ongoing efforts in Web3, where we are committed to bridging the gap between Web2 and Web3, ensuring that our innovations impact both traditional and decentralized industries. We’re excited to share the latest updates on our journey and our strategic partnership with VeChain.
Progress on our first Solar Farm
We’re thrilled to announce that our first solar farm in Brazil is on track for completion by September 20th, 2024. Our CEO, Ronnie, will be visiting the site next week to oversee the final stages of construction and install a live feed camera. This live feed will be available through our DAPP, allowing our community to follow the progress in real-time.
The Farms groundwork is completely ready with all concrete blocks and mounting ready for panel installation all surrounded by security fencing.
Strengthening the VeChain Ecosystem
As we prepare to launch our first farm, we’ve made the strategic decision to use VeChain’s $VET as the primary token within our ecosystem. This decision comes with significant benefits that will enhance the utility and value of $VET:
Minting & Marketplace Transactions: $VET will be the primary token used for minting Solar NFTs and conducting transactions on our secondary marketplace, which is hosted on a Marketplace-as-a-Service (MaaS) platform powered by VeChain. This setup creates a continuous demand for $VET within the SolarWise OTS ecosystem. Additionally, users will also have the option to mint using FIAT, providing greater flexibility and accessibility.
Unlocking Features and Enhanced User Experience: Holding and using $VET within our ecosystem will provide access to exclusive features, creating a more dynamic and valuable experience for users.
Monthly Payouts from Energy Sales: Users who participate in our ecosystem will receive monthly payouts related to the energy sales of their staked Solar NFTs, with $VET playing a central role in this value exchange up to 25 years per farm.
B3TR Bonuses for NFT Holders: As a bonus, NFT holders will receive B3TR, adding another layer of value to their participation in the SolarWise ecosystem. Once we are live on the mainnet, we will get listed on the VeBetterDAO and start the weekly better payout. We will incentivize users by rewarding them with $B3TR tokens for holding our SolarNFTs. Each month, we'll distribute a specific amount of Better tokens across different tiers—the higher the tier, the greater the rewards. Users simply need to hold and stake their VeChain tokens on our platform, promoting the expansion of renewable energy and contributing to a more sustainable world.
These utilities deeply integrate $VET into our platform, driving continuous interaction and value creation within both The SolarWise Own The Sun and VeChain ecosystems. By choosing $VET, we’re not only simplifying the experience for existing VeChain supporters but also amplifying the impact that SolarWise can have on the broader blockchain community.
Why We Chose $VET for Our First Two Farms
Our decision to use $VET instead of launching our own $SUN token at this stage is strategic and mutually beneficial. We recognized the immense potential in leveraging an established, token like $VET, which already has a robust and engaged community. This approach allows us to immediately offer value to $VET holders, who can participate in staking and trading within our ecosystem without needing to acquire an additional token.
Furthermore, this partnership strengthens both the SolarWise and VeChain ecosystems. By enhancing the utility of $VET through real-world applications like energy sales and NFT trading, we create a symbiotic relationship where both platforms grow and benefit from each other’s success. We believe this collaborative approach offers more value to the community than launching a new token at this time.
However, we want to assure our community that any XP earned on our DAPP, which was originally planned to be transferred into $SUN, is not lost. While the $SUN token launch is postponed, this decision only delays the process—your earned XP remains intact and will be honored when $SUN is eventually launched.
Addressing the Second NFT Mint on Testnet DAPP
We’re incredibly grateful for the overwhelming support during our first NFT mint, which sold out within 48 hours—far exceeding our expectations. Unfortunately, due to budgetary constraints, we are unable to offer a second NFT mint on testnet. We hope the community understands, and we assure you that we will announce the official solar NFT mint date well in advance to give everyone ample time to participate. We also plan to host a live mint sales event on X to further engage with our community.
Regulatory Compliance and What’s Next
As we await final approval from FINMA regarding NAL and AML regulations, we’re keenly aware of the importance of this step. This approval is crucial for us to legally tokenize solar panels and begin sales. Additionally, obtaining this approval will allow us to legally advertise our project online, which is a significant milestone for any Web3 project.
We appreciate your patience and continued support as we finalize these critical steps. Once we have the green light, we will provide clear and timely updates, including the official minting of Solar NFTs and the broader rollout of our platform.
Stay tuned for more updates, and don’t forget to join our whitelist!
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