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ICO. What’s new?

16.11.2017 — 0

Recently only a few could predict the rapid growth and development of ICOs. For reference, for the first half of 2017 in the world was attracted more than 1.3 billion dollars during the ICO. The popularity of this method of fundraising continues to gain momentum, and therefore there are difficulties that need to be overcome by future successful projects.

Strict control and prohibition of ICO

The governments of all countries basically divided into two categories:

  • Those who prohibit ICO (China) or strictly regulate it, equating tokens to securities (USA, Canada, Singapore)
  • Those who allow and facilitate ICO in order to increase the attractiveness of their country for business:

One of them — the Isle of Man, where the Ministry of Finance sees financial prospects and is already developing its legal regulation.

By the end of the year Gibraltar Blockchain Exchange plans to launch a service that allows licensed listing and digital tokens trading.

In Estonia it is proposed to hold the first state ICO in the world.

Another example is the Swiss “Cryptovalley” Zug. The government supports the established industry group for the management of blockchain assets.

Tendencies and rules in the world of cryptocurrency and blockchain change constantly. We monitor the situation and continue to work on creating a legally correct structure for conducting a legal ICO. This is important, because those who conducted the ICO without regard to legal aspects, today faces the impossibility of withdrawing funds to Fiat. We do not want our investors to face such problems and continue to look for a solution.

Stay tuned! 
Join our group chat in Telegram: https://t.me/solardao

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How to choose? Signs of Scam projects in ICO (By Alexey Krol)

06.11.2017 — 0

A huge holivar has recently appeared on the subject of ability to identify the signs of a scam of projects in the ICO. Popular theme by the way. Now wherever you spit — anyone starts to pear over the analysis of projects that he thinks is a scam.

  1. Any innovation = uncertainty = inability not only to give, but especially to fulfill their promises. Accordingly, if in a serious innovative project you see promises of exact metrics — this is SCAM.

  2. Uncertainty follows from the nature of innovation, when you solve a problem that no one has solved before you.

  3. This is a typical scientific methodology — put a hypothesis, check, break off, again and so on in a circle.

  4. How long? As long as the investor has faith.

  5. Why do some invest in such a risk? Because if it happens, then profit from the exponential becomes an asymptotic vertical.

  6. Who can afford it? Those who are capable to burn 4–5% of their capital on 100% R&D projects. And this is not a scum, it’s a sober calculation for the future, which is inaccessible to ones who are used to do simple things. Or those who shift risks to LP.

Thus, a really serious project for the ICO is about the intention to solve a problem that meets 3 criteria:

  1. The task is absolutely socially significant, which means that it will not just give money, but possibly give market shift.

  2. The problem solved by the project is obvious, i.e. if more than 10 lines are needed to explain it, it’s bullshit.

  3. There is simply no existing solution in the framework of known technological approaches.

The very difference between the ICO paradigm is that a person decides to give money for several motivations:

  1. He wants this problem to be solved, he is interested. He wants to be involved in the process.

  2. He hopes to benefit from investment or support.

And now the ratio of these factors of altruism and greed gives the whole spectrum of investors ICO.

2–3% — those who can ratio 50 altruism / 50 greed — this is the psychology of traditional business angels Valley of the beginning of the century (now almost extinct …)

The rest — who has the ratio of 0 altruism / 100 greed in the form of a desire to catch a wave.

Conclusion: What will change.

  1. As the stage of hype is going on, the share of investors of the second type prevails, but, IMHO, the share of investors of an altruistic type will grow with time, because at the moment this is the only mechanism giving access to financing for a huge number of enthusiasts. This is precisely the mechanism for financing the development of ideas.

  2. Average investments will be significantly reduced, because such amounts simply are not necessary. Before ICO startups raised 50–100K and this was enough, sometimes to show a suitable prototype. And then suddenly such a startup gets 20 millions! And immediately the question of how to make a good product becomes into the question — how to justify / master this money. But the meaning of the startup has not changed. This means you invested 10 dollars or 10 millions — the risk is still 100%.

  3. This means that there will inevitably arise rounds, for this is common sense. I collected 1000 dollars, took a step, reported, proved that I was not a scammer, collected 5000, and so on.

Therefore, all the estimates of the SCAM project or not the scam — are not adequate. 
Listen, wise people, who are trying to show us SCAM projects here — what would you say about Tezos and, incidentally, Bancor, who started to experience certain problems. In fact, nothing can be said. As stated by Draper — we will wait 2 years. Do not want to wait? Impatient? Sorry, nobody cares. So you do not understand the nature of creating a new. What does it mean if these projects win? What does it mean if the projects fail? NOTHING.


Original: http://telegra.ph/Tut-na-rovnom-meste-voznik-holivar—na-temu-sposobnosti-opredelit-priznaki-skam-proektov-v-ICO-11-05

By Alexey Krol

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New date of the ICO

27.10.2017 — 0

As you know, Solar DAO team is doing the best for a successful ICO. Thats why we need to change the date of starting core Crowdsale. Here’s why…

The world of cryptocurrencies and blockchains undergoes constant changes. ICO itself falls under many regulations and restrictions. Before the ICO we need to develop and create reliable and safe legal structure.

The Solar DAO could work only with appropriate legal structure. And we cannot move further without it. Current companies cannot meet current requirements.

So. To conduct a good ICO it is necessary to create a legal structure. This is a very serious and complex task. Nowadays only a few countries have decided on their position towards the cryptocurrencies, tokens and ICOs. Also positions of governments changes very often. Solar DAO is working hard to find the best way for its structure. It will helps both our participants and projects growth.

Why it is also important?

We all want Solar DAO tokens to be available on free market (exchanges). So we need a structure 🙂

We appreciate your feedback and mind all of your suggestions to make Solar DAO project long-term and trustworthy!

So that’s why:

The ICO launch date will take place between December 4th, 2017 and January 1st, 2018

Right now our attention is focused on:

  • development of the legal structure;
  • finalization of the Marketplace and involvement of additional product engineers and advisors;
  • staff expansion;
  • ad campaign testing and smart contract audit.

We look forward to your support and are always ready to answer your questions!

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Solar Records

02.08.2017 — 0

Here are all “solar” records in one place as of the date of publication. Solar cells and panels efficiency records. The most biggest solar plants and largest equipment suppliers.

Remember: the simplest way to join solar industry is join Solar DAO*** =)***

PV solar cells efficiency world records

Multicyrstalline PV solar modules combined in array — PV solar plant

Solar module efficiency records

World’s largest PV solar plants

Photovoltaic

Photovoltaic (PV) power plant

Leaders of solar industry

World industry

The USA

Developers, suppliers and contractors

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Concentrated PV (CPV) solar plant