Solairitas White Paper

in solairitas •  2 months ago  (edited)


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 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.


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.


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)


Solairitas Discord

Sustainability through Steem

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Note: to clarify, we have grossly overbudgeted for the purchase of land (which is why we start making offers at 57,000 USD - more than enough land to build the project). We have done this to allow for the doubling or even tripling of production without the need for large land expense at a later time.

I was waiting for this because I was excited of the idea of a token being used to fun sustainable free energy. Impressive road map. I think this will be interesting for you, @underground.

Very cash money. Glad to see this published!

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Interesting concept, great to see a token on S.E. being used to raise funds for a real world project.

I do have a question, at Step 5 in your plan, it states "Acquire commercial property". Where are the funds coming from for this? All money raised through token sale is to be powered up - will this be powered down to sell for fiat to buy the property? Where does the vote value come from then, or does the project switch from being a "vote for token" pproject to a "profit share of business" type token?

Just curious, I like the concept, just unsure of the fundraising method without clarification.

Thanks in advance @solairitas

That is an excellent question, thanks!

The first 10,000 tokens sold at 1 Steem are budgeted for the purpose of powering up the @solairitas account. These will never be powered down.

The proceeds from token sales will be powered up and used to upvote until an accepted offer has been made, at which time the necessary amount will be powered down and sold to fiat for the purchase of the land.

Likewise, the sales will again be powered up and then powered down and sold to fiat for the purchase of equipment.

Once the project is built, all income from production will be converted to Steem and powered up for the lifetime of the project (except when necessary to maintain operation - the intent is for this eventuality to be infrequent if not nonexistent).

SOL represents the right to a proportional upvote in perpetuity. There is no promise nor guarantee of profit. SOL is not a security.

To listen to the audio version of this article click on the play image.

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To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @solairitas!
Your post was mentioned in the Steem Hit Parade for newcomers in the following category:

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I also upvoted your post to increase its reward
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Only yesterday I was thinking that it would be great if someone would start a token for sustainability investments and here you are. Very cool. I wish you all the best and I will certainly get some SOL.

How much SP delegation are you looking to negotiate?

We really appreciate you asking!

Wow, really hadn’t considered any proper numbers yet. The more SP the account wields, the more value holding the token has, and hopefully, the more attractive it is to buy. Still, we would need to figure a way to make it benefit the delegator as well.

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Hey @ecoinstant, here is your BEER token. Enjoy it!