Cryptosolartech has already signed a 15-year power purchase contract with the company responsible f
Hello again my friend and subscribers. I already told you about the Cryptosolartech project today, but I would like to do it again.
Spanish project CryptoSolarTech has launched the initial placement of tokens (ICO) to finance an ambitious project, within which “3,000 servers for cryptocurrency” will be installed.
This is transferred to Electrovest.
The company reports that 80% of the funds raised will go to the development of mining platforms, the acquisition of land and the construction of a number of solar power plants that will provide the new enterprise with energy. Actually, the use of the sun, which appears in the name of the company, is the main feature of the project.
As we remember, in Spain there are more and more projects in solar energy, which are realized without subsidies. That is, to use solar energy becomes profitable.
To power the energy of the mining farm, it is planned to build 10 solar power stations with a total capacity of 45 MW. 42.8 million euros of investments will be directed for their construction. The largest solar power plant, Sevilla II, will have a decent installed capacity of 31.8 MW.
The construction of solar generation facilities is scheduled for November this year, and the completion of works – in April 2019.
The training center will be located in Malaga, and solar power plants – in the Seville area in Andalusia.
To implement the entire campaign, Cryptosolartech conducts its ICO to create its own token. And for the profit with the ICO, purchase 3000 units of equipment, for mining the cryptocurrency with the help of mining.
Public Blockchain Ethereum will be used to manage, generate revenue and launch the physical assets that make up this project. Thus, the purpose of this ICO is to create a mining farm for cryptocurrencies and a photovoltaic solar panel for generating electricity. To participate in the project, you can only purchase digital tokens, which will go on sale to register transactions. Cryptosolartech has already concluded a 15-year contract with the Respira Energía campaign. And all the extracted energy will be sold to them, as well as other electric campaigns.
In total, 1.260.000.000 CST tokens were created. Number of tokens for sale: 1.008.000.000, which is 80% of all created tokens. Soft Cap is 983.733 EUR, which was successfully assembled. And Hard Cap is 71.400.000 EUR. All the non-traded tokens will be burned by the team, which will add value to the token.
The project team consists of professionals in their field. With extensive experience in the field of mining and power generation. Who are ready to bring the project to a victorious end and create something new in the sphere of mining and ecology of the planet.
The campaign visits and speaks at many different conferences and presentations, what to say about the benefits of the Cryptosolartech campaign. And to find potential investors.
I believe that the project has a great future in the field of mining and the extraction of solar energy. After all, first of all they are struggling with the pollution of our planet. Just do not forget that mining is a very profitable business and if you reduce the energy costs for its production, it will become much more profitable.