Welcome to Solairitas!
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 increasing through stake rewards, author rewards, and curation.
Upvotes will be distributed to token holders on an ongoing basis (once daily) in proportion to their token holdings. The Project began by upvoting all token holders at 100% as a bonus to early adopters and since dividing the vote at that point would have caused it to be negligible. As VP began to drain with the addition of new members, voting was shifted to 50% for all holders. Since that time, we have continued to grow and have currently implemented a rough tiered system:
These tiers are intended to shift as the Project grows in order to maintain voting power at or above ninety percent, eventually transitioning to direct proportion of token holdings.
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 HP/VP.
We have also created a separate account, @solairibot, which currently trails the Project, but is meant to become a manual curation bot, and will be so soon™️
With a combined upvote value of approximately 0.174 HTU, the purchase of 1 SOL at 1 HIVE represents an unprecedented time to break even of only 23 days (assuming posting once per day, post value at threshold, and 25% upvote)!
Token Data: 20,000 Circulating/100,000 Issued/500,000 Max Supply.
As 1 SOL represents 1/100,000 of the Project's upvote, 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).
SOL are transferable.
SOL do not represent nor confer ownership in any company or asset, nor do they carry any form of voting rights. SOL do not entitle their holder(s) to any share of profit, however derived, and no promise or guarantee of profit is made.
Note: The following Roadmap and Issuance Plan are based on the assumption that 1 HIVE = .5 USD and, as such, are subject to change. However, actions will remain fixed to associated USD targets.
Note: We have decided to smooth out the supply curve by placing (for example) 2500 SOL at 1.5 HIVE, 5000 at 2, and 2500 at 2.5 instead of a solid block of 10,000 at 2.
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)
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