Solairitas White Paper
Welcome to Solairitas!
Overview:
The purpose of this token is to construct a grid-tied solar/wind farm within the Continental United States. Grid operators (power companies) are legally required to purchase all power produced above that consumed. The proceeds from energy production will thereby provide an ongoing income to Solairitas, which is to be powered up, thus making its upvote worth an ever-increasing value in addition to the usual compensation for Steem inflation.
Upvotes will be distributed to token holders on an ongoing basis (once daily) in proportion to their token holdings. We are currently upvoting all token holders at 100% as a bonus to early adopters and since dividing the vote at this point would cause it to be negligible.
All income (from all sources) will be powered up to increase upvote value whenever possible. No salaries will ever be taken (owner/team participate as token holders). The account will only be powered down in the event of maintenance costs (that is to say, property and income taxes and upkeep when necessary); such bills will be paid from author rewards or dedicated budget whenever possible to reduce the impact on SP/VP.
With an upvote value of approximately 0.016 STU, the purchase of 1 SOL at 1 Steem valued at approximately 0.21 STU, currently represents an estimated ROI of only 14 days!!! [With HF21, this calculation is likely to change. We will update our ROI once it is feasible to do so.]
Token Data: 20,000 Circulating/100,000 Issued/500,000 Max Supply. As 1 SOL represents 1 share of the project's energy production, SOL are indivisible. 100,000 SOL represent one complete project (without upgrade or expansion). 10,000 SOL have been withheld by @definethedollar to be disposed of at will (gifts, airdrops, contests, etcetera), and 10,000 SOL are currently listed on Steem Engine at a price of 1 Steem.
Note: The following Roadmap and Issuance Plan are based on the assumption that 1STEEM = .5USD and, as such, are subject to change. However, actions will remain fixed to associated USD targets.
Roadmap:
Step 0)
*Create @solairitas. *Design tag/logo/ticker images. *Create Solairitas Discord server *Develop roadmap/issuance plan *Develop Token Holder Agreement. [Completed]Step 1)
*Create and issue SOL tokens on the SE dex. [Completed]Step 2)
10,000 tokens sold at 1 Steem (10,000 tokens sold; 5,000 USD): *All proceeds immediately powered up and used to deliver upvotes to token holders so that rewards begin/continue even before the project is built, and whether or not the project is successful. *Begin fractional distribution of upvotes (upvote percent = tokens held/total tokens sold). *Seek SP delegation (pay delegators weekly distribution of proceeds from curation proportional to @solairitas' total SP) [Ongoing]Step 3)
10,000 tokens sold at 1.5 Steem (20,000 tokens sold; 7,500 USD): *Automate upvoting (scripted/smart contract) so Solairitas is independent of any group or individual and runs of its own accord. *Officially form Solairitas, LLC. [Upcoming]Step 4)
10,000 tokens sold at 2 Steem; 10,000 tokens sold at 3 Steem; 10,000 tokens sold at 5 Steem (50,000 total tokens sold; 57,500 USD): *Secure realtor [complete], start making offers on property, ensure no regulatory barriers for site location. [Upcoming]Step 5)
10,000 tokens sold at 8 Steem; 10,000 tokens sold at 12 Steem (70,000 total tokens sold; 157,500 USD): *Acquire commercial property. May need to be delayed depending on list price of best suited property. [Upcoming]Step 6)
10,000 tokens sold at 17 Steem (80,000 total tokens sold; 242,500 USD): *Initial installation of panels, turbines, inverters, grid-ties, breakers, etcetera. *Installation of fencing, lighting, video, and other security. [Upcoming]Step 7)
10,000 tokens sold at 23 Steem (90,000 total tokens sold; 357,500 USD): *Expand and upgrade as much as possible within revenue constraints. [Upcoming]Step 8)
Evaluate current holdings and poll the existing community as to whether to expand further by selling more tokens (up to 250,000 total tokens). As land and basic equipment have, at this point, already been purchased, all proceeds from sales can be directed to increasing energy production. [Upcoming]Note: We have decided to smooth out the supply curve by placing (for example) 2500 SOL at 1.5 Steem, 5000 at 2, and 2500 at 2.5 instead of a solid block of 10,000 at 2.
Budget:
Commercial Land: 150,000-200,000 USD (current best viable property listed at 187,000 USD, however more rural properties are likely to be cheaper)
Equipment: 100,000-150,000 USD (USD not spent on land will be diverted to production materials - panels, etcetera)
Taxes/Maintenance (10 years): 50,000 USD
Total Project: 300,000-400,000 USD (357,500 USD with current issuance plan)
Sustainability through Steem
