CRYPTOSOLARTECH Blockchain with solar energy

What is CRYPTOSOLARTECH?

During Cryptosolartech ICO, we will get our own cryptocurrency, on a farm where we will install 3,000 cryptocurrency equipment to mine, in two different variants to optimize profitability, and be able to supply our own farm with our own energy, coming from solar photovoltaic, installed in the province of Seville (Spain), this energy can also be distributed as a service for power companies.

Ethereum Public Blockchain will be used for management, revenue generation and start-up of the physical assets that make up this project. Therefore, the purpose of this ICO is to create cryptocurrency mining fields and solar photovoltaic power plants to generate electricity. To participate in this project only digital tokens are available for sale to register operations.

ICO will issue 1260 million tokens called Cryptosolartech (CST). All tokens that are not sold during ICO will be burned. No more tokens to be issued in the future.

WHAT IS THE PROBLEM FACED?

High energy consumption for cryptocurrency mining is a major problem in this sector. Miners assume enormous energetic costs to function because of the enormous mathematical calculations that the processor must perform. It should be noted that the life of cryptocurrency is strongly related to electricity.

Cryptocurrency mining consumes about 1.3 KWh of electricity, in addition to large electricity consumption, we found that in some countries, rich in coal and oil, energy becomes cheaper by burning pollutant fuel and causing more pollution and in turn greater demand causing increased CO2 emissions.

SOLUTION FOR PROBLEMS

The proposal is to create a solar photovoltaic pool, capable of producing 45,000 kW, enough power to supply mining fields. Respira Energía will purchase energy from this plant and then deliver it to a farm located in Málaga, making it sustainable and profitable, without the need for public electricity.

Respira Energía only uses clean energy, a company whose production origin is 100% CO2-free.

Crypto Mining and Renewable Energy: Bridging the Gap

Current situation

International climate talks in Paris set an ambitious goal: limiting global warming to 2°C by 2100. Reaching that goal will require investing an additional $1 trillion per year until 2050 in clean energy and other sustainability projects. But current investment levels are still far below that target level, which was also the overarching concern in very recent UNFCCC Cop23 (“World climate conference”) talks in Bonn. As the public sector is struggling to advance the financing the pressure on the private sector is increasing as discussions in Bonn showed.

Electricity and heat from coal, oil, and gas account for 25% of the world’s greenhouse gases. Besides being a leading source of harmful CO2 emissions, fossil fuels are finite, nonrenewable resources. By contrast, renewable energy such as wind and solar power can be continually replenished—and they do not harm the environment. They also present a strong business opportunity. By 2040 renewables will attract up to 60% of the total investment in global power generation capacity ($11.4 trillion) according to Bloomberg New Energy Finance estimates.

Renewable energy is becoming the preferred way of mining digital currencies like Bitcoin and other Altcoins as prices surge and the industry seeks more computing power or hash power at the best cost of electricity. While traditional fuels like coal remain staples for many utility grids, big miners including Bitmain Technologies Ltd., HIVE Blockchain Technologies Ltd. and Bitfury Group are tapping clean power in places like Canada, Iceland and Paraguay -- and luring investors worried about the industry’s carbon footprint. Now you could do it in Spain, the first place of the World that has globally developed and implemented the renewable solar energy system model as we know it today.

Spain has privileged Sun conditions to make the project outstanding in terms of power generation: 2,500 KWh/ m2

For crypto miners, electricity can make up to 70% of the total costs of operations. So it makes sense that miners will go to the places where electricity cost is cheaper, and renewable energy is getting cheaper than other sources of power.

Solar energy, for instance, now costs a few cents per kilowatt hour, making it competitive with coal and fossil fuels. Iceland, where geothermal and hydroelectric energy are plentiful and inexpensive, has attracted several mining operations. In China, where several hydroelectric facilities have been developed to power cities, (they were never built in the Sichuan province and are now used to mine bitcoins). Spain is known in the photovoltaic market for the “Sun” conditions. As a consequence, let’s go without any doubt! Cryptosolartech will solve the problem of crypto mining cost by using the greenfield solar facilities of their projects, to provide energy to sustain and run the miner plants at an efficient cost of electricity in the long-term period operation. As we known, the electricity cost represents the major cost of the miner plants and with the synergy of the efficient cost of electricity of the solar plants, token holders could have access to profit cryptocurrencies miner by paying a rent to access the facilities at a very competitive price of electricity to do so.This approach to business allow token holders to mine at less cost than the market pay for to do so currently. CryptoSolarTech has a competitive advantage that permits to be the first mover in the mining market and maintain it to the middle and long term crypto market competition.

Financing vehicles and green projects tend to vary depending on their stage of maturity and investor requirements.

Players in the early stages rarely have access to bank loans or the equity market, so they typically rely on grants, government or public loans, private sector loans, and venture capital for financing. Established companies may be able to finance all or part of their projects internally, with available cash flow. Companies in the middle stage may not be eligible for government support, and most grants are too small to supply the scale of financing needed. Neither do these companies generate enough attention to produce a stable and supportive regulatory environment, which would increase investor confidence. Instead, they may self-fund with internal cash flow, use internal or external loans, or attract private equity from investors.

For players and projects in the late stage, investor security makes large-scale investments possible, enabled by complex equity and debt instruments such as SPVs and green bonds. Companies with proven technologies and reliable returns are especially attractive to investors with explicit fiduciary duties and investment restrictions, such as pension funds. Funding options tend to increase as companies or technologies reach later stages of maturity, markets stabilize, risks decrease, and potential returns become more predictable.

CryptoSolarTech could have access to finance the greenfield facilities through the Token Generating Event, making a new approach to the crypto mining sector that make possible to mine at a more competitive cost of electricity than before, and at the same time resolves many of the concerns about power consumption related to crypto mine and providing a solution for the photovoltaic market growth. CryptoSolarTech do it possible.

The TGE Ecosystem

Overarching purpose and goal

Cryptosolartech is a full-service mining solution provider. Cryptosolartech offers turnkey solar & mining services or custom packages tailored to clients’ needs: full range of mining services from hosting, maintenance and repair to private blockchain servicing associated to the token’s tenure.

Cryptosolartech, is a digital asset classified as Utility token (granting access to certain Cryptosolartech services, acting as a reward/incentive instrument) with a payment function (deprived from any claims on the issuer) within and limited to the Cryptosolartech tokenized ecosystem. Cryptosolartech tokens or CST tenure will indicate the access right to rent a fraction of a crypto mining farm as mentioned above. Initially, the location of the photovoltaic plant will be in the province of Seville (Spain), and the mining farm will be in Malaga (Spain) in an industrial warehouse already enabled for this activity.

Cryptosolartech token (“CST”) is a type ERC-20 token that will work on the Blockchain of Ethereum. For this ICO a set of 1,126 million Cryptosolartech tokens will be launched. The initial value in the first phase will be € 0.05 per Token, reaching a maximum value, during the sale of Tokens, of € 0.10. The purchase of these tokens will be carried out during the ICO process using a smart contract enabled for this purpose.

A miner is a piece of equipment operating 24/7 under extremely high load, so failures and breakdowns are quite common. Miners have to be shipped to service centers for repairs, which takes time, especially if a service center is located abroad, and every day of downtime means a loss of mining profit.

Cryptosolartech on-site service center minimizes the downtime (93.5% minimum uptime), thereby achieving more efficient mining. Although it is a common practice in the industry not to disclose the details of mining facilities, including their locations, in order to preserve trade secrets and shut competitors out of inexpensive power locations, Cryptosolartech believes in completely transparency.

Token Launch Platform

The token Launch is conducted through a groundbreaking Coinfabrik platform. All payments for CST tokens will be collected by Coinfabrik. Upon the completion of the Token Launch, on July 15th, 2018, Coinfabrik will issue and distribute its initial batch of CST tokens, with subsequent batch issues to follow upon the completion of new capacity construction. If a cap of 1.260,000,000 CST tokens sold is reached before the scheduled end of the Token Launch, Coinfabrik at its own discretion may issue CST tokens ahead of the specified date to provide access to the facilities built by that time.

CST Smart Contract

CST is an Ethereum token. It complies with and expands ERC-20 - a de-facto standard and widely used token API.

The reliability of Cryptosolartech Smart Contract will be determined by two factors:

It is public on Github, so it can be observed and verified by the users.
It has been written and audited by Coinfabrik, a company with extensive experience in the Blockchain world

MINING

What is cryptocurrency mining?

In the world of cryptocurrencies, money is extracted, a known process as mining. The miners obtain the cryptocurrencies from time to time as a reward for solving a mathematical problem.

What is this mathematical problem?

Cryptocurrency users constantly send money from one place to another of the planet, so it is necessary to create a record to verify the payments. The nodes of the cryptocurrencies register these movements in the Blockchain; the work of the miners, is to confirm the transactions and register them in the Blockchain, so that, in each operation, they receive a small commission for carrying out this task.

When is a block created?

When a block of transactions is created, the miners give way to the next phase: They have to take the information from the block, and they apply a mathematical formula, which makes it something different, and smaller. Each time one of these miners manages to solve the formula and creates a successful hash, it is rewarded with the cryptocurrency that is extra-minating the transactions previously verified.

You have to be clear that...

The most important thing that you should not forget, is that cryptocurrencies are not created or destroyed, but they are EXTRACTED.

Token Sale

The Token Sale and the Token Allocation will be structured as following:

- There will be a Private Sale and a Public Sale of Tokens.

- The minimum amount is 5,000 CST, the lowest capacity as required to have acces to the platform.

- The sale is structured as capped first-come first-served at a fixed price with a discount for a limited period.

If the token sale is over-subscribed, meaning that there is more demand for CST tokens than there is existing facility capacity, the capacity will be allocated to the CST tokens in the order in which the CST tokens were purchased. The over-subscribed proceeds will be placed into escrow until the requisite processing center capacity has been built out.

- The token price is 0.07 €/CST.

Private Sale

The Private Sale will start before the Public Sale or TGE.

16,67% of the total token sale (210,000,000 CST) is aimed to be subscribed as part of the Private Sale. The interested acquirers reserve the right to receive tokens by signing an agreement which is not transferable, not tradeable and bespoke between the Company,which will act as the custodian bank for the contributions.

The private sale contribution period is by invitation only. Cryptosolartech, based on the funds raised during the Private Sale contribution period, will be generated and distributed, at the latest, several hours prior to the start of the Public Sale. The private Sale is expected to begin on April 16th, 2018.

Public Sale: TGE

The Cryptosolartech public sale will be processed automatically and a security measure for the acquirers will be included. This measure adequately protects the acquirers and eliminates the need for an escrow.

Acquisitions will be made available in ETH (Ethereum), BTC (Bitcoins) and fiat (Euros/US Dollars) The Public Sale is expected to begin in the first half of May 2018 once the Private Sale has ended.

The ETH/CST or BTC/CST or EUR/CST or USD/CST exchange rate will be locked based on the market exchange rate as of the day of start of the Public Sale and shall remain valid for the entire tine of the Cryprosolartech crowdsale. The Public token sale is expected to last at least 2,5 months. Tokens unsold during the private sale will be available for the public sale.

Token Allocation

Team Members will keep 20% of the total amount of the Token Sale and the prices will be awarded from 50% discount to 0% discount as the token sale phases advance to the end of the Token Generating Event. The price of each Cryptosolartech or CST is 0,07 €/token, and will be offer from 0.05 €/token to 0.10 €/token as the token generating event advance to conclusion. Hence the initial rate depends on the day of acquisition.

The value in Euros of the token sale has been calculated under the assumption that 16.67% is sold in private sale and the outstanding 63.33% is sold in the public sale.

ROADMAP