CRYPTOSOLARTECH

CryptoSolarTech is a worldwide pioneer project whose main objective is to design, build, maintain and operate (DBMO) several solar farms devoted to mine cryptoassets, for all profile of customers. The solar & miner plants will be located in the South of Spain, taking advantage of the good weather in Spain, that allows obtaining generous and plentiful photovoltaic energy that will be used for the start-up of this project. This farm will initially be equipped with up to 3,000 miner machines. This hash power will be rented to the token holders to have access to the facilities to mine the crypto assets they choose between different portfolios offered by CryptoSolarTech at any time and at the same time get an special discount price of the miner power consumption.

The energy to supply the consumption of the equipment of the miner farm will be generated from several solar plants that will be installed in the province of Seville (Spain). The revenues obtained from the energy produced by the plants will be used to supply the electricity consumption of the mining farm. Token holders are the only ones that will have access on to participate in the CryptoSolarTech miner project by rent some of the miner algorithms for their own portfolio mining return.

To have access to the rent of the miner machines, a Token Generating Event (TGE) will be launched, which will sell the tokens with the access right to rent of these Asics or similar and efficient miner machines. A total of 1,260 million tokens will be issued to allow the rent of the miner machines. The tokens will have the name of CrytoSolarToken (CST). All tokens which are not sold during this ICO will be burned forever. No more CryptoSolarToken Serie A tokens will be issued in the future related to these facilities.

The TGE will have the following fundraising objectives, based on the properties detailed below are what will be implemented and acquired:

• SOFT CAP: 19,674,667 CST Tokens

• HARD CAP: 1,260,000,000 CST Tokens

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.

PROBLEM

The high energy consumption for cryptocurrency mining is the main problem in this sector. The miners suppose an enormous energetic cost for its functioning due to the enormous mathematical calculations that the processors have to do. It should be noted that the life of cryptocurrencies is strictly linked to electricity.

Mining cryptocurrencies consume around 1.3 KWh of electricity, in addition to the large electricity consumption, we find that in some countries, rich in coal and oil, energy becomes cheaper by burning polluting fuels and causing more pollution and in turn a greater demand causing CO2 emissions to increase.

SOLUTION

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

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

TOKEN DETAILS

Token Sale