SOF Asset IEO

Dear clients, Solar Family IEO will start on 18 December. The IEO end date is 30 December.

IEO Solar Family

IEO start date: 18 December

IEO end date: 30 December

Asset name: Solar Family Token

Asset ticker: SOF

Token total issuance: 200 000 000 SOF

Tokens on IEO: 70 000 000 SOF

Token price on IEO: 0,007 USD

Standard: ERC-20

Smart contract address: 0x061c68e9eaf203496402149162ffdbdf982ef483

Block explorer: https://ethplorer.io/address/0x061c68e9eaf203496402149162ffdbdf982ef483

IEO time: 12 days

Trading pairs: SOF/USDT, SOF/BTC

Minimum purchase: 100 SOF

During the IEO, the tokens can only be purchased. The unsold tokens would remain for the next funding rounds. The trading and withdrawal of SOF will start on 1 February 2020. The deposit of tokens will be opened on 1 of April.

What is Solar Family

The Solar Family is a solution for investment management for the rapidly growing solar tech market. It is based on the Decentralized Autonomous Organization model where members are in control of decision-making and financial flows.

The main goal of Solar Family is to crowdsource the expertise of members for decision making. All processes in the organization are based on transparent and guaranteed by source code mechanisms to prevent fraud and misuse of funds. The organization runs entirely on smart contracts in the Ethereum network.

Important facts about the project

During the last 5 years, Solar Family has already built several solar plants in Spain which are represented by three succesfull companies — FORMIGAL SOLAR S.L., ANASSOL ENERGY S.L., SOLUCY TERMINAL SOLAR S.L. with a total of 1.64-megawatt power supply. The plants perfectly deliver power to Spain’s energy network last years. At current operation costs and wattage, the Solar Family solar plants allow the managing companies to receive an annual income of 11, 8, 11% in EUR respectively. The founding team of the project has the expertise and a solid track record in the solar tech industry.

Now our goal is to apply our experience to the solar tech market. For this purpose, we have a team with great experience, the background of successful projects and a solid plan for operation on this market.

SOF Token

The SOF token is a digital asset that confirms the membership in the DAO and gives the right to a proportional share in the assets. The power of a vote in the broad voting is proportional to a stake of tokens held by the member.

The SOF token has three main functions:

1. Participation in the broad consensus (voting)
2. A collateral asset used to issue the SOR reputation token(staking). The SOR holders make investment decisions and are additionally rewarded for that
3. The instrument that entitles its holder to a portion of the DAO’s assets in proportion to the holder’s share

The Cash flows to the DAO are partially used to buy back the SOF tokens through trading platforms. All bought-back tokens are irreversibly destroyed, thereby reducing the number of tokens in circulation with each return of invested funds. Thus the DAO additionally rewards its members for managing the funds using the indirect mechanism similar to that of MakerDAO and Binance, one of the most successful cases in the industry.

Thanks to this mechanism, the value of the tokens remaining in circulation will increase after each burning.