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FAQ

 

Last modified date: June 20th, 2024

 

  • What are Solar NFTs?
    Solar NFTs are digital assets that represent fractional ownership in a solar panel. When you purchase a Solar NFT, you are essentially buying a share of the energy output generated by a specific solar installation. This allows you to earn returns based on the performance of the solar panels. Each Solar NFT is linked to a physical solar panel or a portion of a solar farm, making it a unique and tangible investment. The energy produced by these panels generates revenue, which is then distributed to the NFT holders. This innovative approach not only democratizes access to renewable energy investments but also promotes sustainability by encouraging the growth of solar energy projects. SolarWise, the company behind Solar NFTs, is a proud partner of VeChain and a recipient of the VeChain Foundation Grant 2.0. By leveraging VeChain's advanced blockchain technology, we ensure that all transactions and ownership records are transparent, secure, and immutable.
  • Is there a limit on the number of NFTs a user can buy?
    No, there is no limit to the number of NFTs a user can purchase. Our first NFT sale includes a collection of 3200 NFTs and will be held upon completion of the Solar Farm. Stay tuned for updates!
  • How are monthly returns from solar energy calculated and distributed to the Solar NFT holder?
    If you buy a Solar NFT, you are essentially purchasing 1/16 of a solar panel from the farm we build. Our construction company has provided us with the average monthly and yearly kW/h output of these panels. This data allows us to calculate the Annual Percentage Yields (APYs) that can be achieved, even taking into account the worst weather conditions such as cloudy or rainy days. Our goal is to keep our APYs sustainable. The returns are calculated based on the actual energy output of the solar panels. Once calculated, the monthly returns are distributed to NFT holders through our decentralized application (DAPP). This ensures a transparent and efficient distribution process, providing you with real-time data access for the solar project.
  • As SolarWise scales, how will these returns change?
    The returns from each Solar NFT are directly linked to the specific solar farm it is associated with. As SolarWise scales, these returns will continue to be tied to the performance of the individual solar farms. Additionally, you will be able to unlock further APY (Annual Percentage Yield) with our upcoming $SUN Token. Our $SUN tokenomics are in the final stages of completion by our partner Brightnode.io, a Web3 leader in tokenomics and Tokenization! 🌐 Brightnode.io is designing our tokenomics to enhance its value with robust economic mechanisms, including technical solutions and redemption strategies. Stay tuned for more updates!
  • Do you charge a markup on the solar panels ?
    No, at the moment, we are not planning to charge a markup on the solar farm. The 3200 NFTs we offer represent a 1:1 price ratio with the solar farm, meaning no additional costs are added. At SolarWise, we believe in providing a direct investment output that is transparent and beneficial for our NFT holders.
  • Where is the NFT sale going to be?
    The NFT sale will take place on VeChain’s MaaS platform. A link to the Marketplace will be added to our site prior to the Sale.
  • Why did we choose VeChain?
    We chose VeChain as our blockchain partner because it offers the perfect mix of advanced technology, robust security, real world asset promotion, strong community, impressive partnerships, and outstanding sustainability. Here’s why VeChain is the ideal fit for SolarWise: Transparency and Security: With VeChain, all transactions and ownership records are completely transparent and secure. This level of trust is crucial for our investors and NFT holders, giving them peace of mind. Efficiency: VeChain’s high throughput and scalability mean we can handle a large number of transactions efficiently. This ensures our platform can grow and scale without any performance issues. Sustainability: Sustainability is at the heart of what we do at SolarWise. VeChain’s blockchain is incredibly energy-efficient, using just 0.04% of the energy compared to other blockchains. This aligns perfectly with our mission to promote environmentally friendly practices. Strong Community: VeChain has a vibrant and supportive community that’s passionate about blockchain technology, real world assets and sustainability. Impressive Partners: VeChain works with some of the biggest names across various industries, including PwC, DNV GL, BMW, Walmart China, UFC, Küehne & Nagel, LVMH, Boston Consulting Group, Shanghai Gas, AT&T, and many more. Partnering with such reputable companies underscores VeChain’s credibility and wide-reaching impact, giving us additional confidence in their platform. Strong Ecosystem: VeChain’s robust ecosystem of partners and developers is another significant advantage. As a recipient of the VeChain Grant 2.0, we have access to valuable resources and support, helping us innovate and improve our offerings. Proven Track Record: VeChain has a proven track record of successful implementations in various industries, including supply chain management, healthcare, and now renewable energy. Their experience and expertise give us confidence in their ability to support our Solar NFT platform effectively.

*Updates are still being made*

The products and services presented herein are currently under development and are subject to legal and regulatory review. Their availability may vary depending on compliance with jurisdictional laws and approval processes. SolarWise makes no guarantees regarding the fulfillment of any plans or visions outlined in this presentation. The depicted ecosystem is conceptual and is currently under review for Switzerland and Brazil. Additionally, the tokenomics design is still being finalized. SolarWise does not take any responsibility for changes in tokenomics or pricing of the products. Users should be aware that all aspects of the products and services are subject to change and may not be available in all jurisdictions.

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