Solar DAO Token Sale and How it Works

How to Participate in Solar DAO Token Sale

Everything you should known about Solar DAO Token Sale. Please, read it carefully before contributing. Make sure that you are totally understand how it works and be aware about all risks.

Solar DAO Token Sale — At a Glance

The SDAO Pre-ICO started on July 27th and finished on September 10th. 
ICO going to start in the end of October and could be postponed on November.

80,000,000 (eighty million) SDAO going to be distributed.

The initial rate is 1 USD per 1 SDAO token. SDAO tokens confirm membership in the Solar DAO Project.

Why does Solar DAO launch a Tokensale

Except that we want to give our participants one more opportunity to get lucrative bonus, Solar DAO have another reason for start an additional sale:

Solar DAO team is doing the best for a successful ICO. We want to spend the budget for ICO effectively and build a PV station.

We need to test several marketing partners and their offerings, because finding and working with contractors has become much more difficult and we want to minimise risks.

That’s why there is a Tokensale.

How to Participate

GUIDE: How to get SDAO Tokens step by step

To participate you need to send ETH to the Ethereum smart contract address. The Pre-ICO smart contract address will be available at: https://solardao.me/

Maximum contribution amount has no limit.
Minimum amount is 1 ETH.

  1. Get Ether (ETH). You can buy it in a cryptocurrency exchange
  2. Transfer Ether to a compatible wallet (see below)
  3. Send a deposit to smart contract address (token sale address) with correct data and gas limit values
  4. Add info about SDAO tokens. https://medium.com/@solar.dao/how-to-set-up-an-ethereum-wallet-for-solar-dao-tokens-7dc12003e1f2

To be sure contributions are sent and received correctly, we recommend to use the configuration as follows:

  • Browser: Google Chrome / Firefox / Safari (Mac)
  • Wallet: MyEtherWallet

Current smart contract address is: 0x1c9055f7eCC5C679b85393b970b17eefC3a8cf98

DO NOT SEND ETHEREUM TRANSACTIONS DIRECTLY FROM CRYPTOCURRENCY EXCHANGES. YOU NEED A TOKEN COMPATIBLE ETHEREUM WALLET.

The following wallets are known to be COMPATIBLE with Ethereum tokens (ERC-20 standard):

DISCLAMER

Before ​​sending​​ ETH​​ please ​​carefully​​ read​​ the​​ information ​​as follows:

Any compatible wallet can be used to participate in the token distribution. To be compatible, a wallet must be:

  • Ethereum and ERC20 compatible; or
  • A web wallet.

If you send ETH to the SDAO Pre-ICO Contract from an exchange account, your SDAO Tokens will be charged and allocated to the exchange’s ETH account, and you MAY NEVER receive or be able to recover your SDAO Tokens. To send ETH, you should use your personal ETH account.

There are many INCOMPATIBLE wallets, please make sure your wallet meets the criteria mentioned above before sending ETH.

Wallets as follows are known to be INCOMPATIBLE wallets and this is not a complete list. Do NOT use any of the wallets as follows for SDAO Pre-ICO participation:

  • Any Bitcoin exchange
  • Any Ethereum exchange
  • Jaxx
  • Exodus
  • Coinbase
  • Poloniex
  • Kraken
  • Bitstamp
  • Bitfinex
  • Bittrex
  • CEX.IO

Please be aware of the following:

! SDAO TOKENS ARE ERC20 COMPATIBLE TOKENS ISSUED IN THE ETHEREUM BLOCKCHAIN. SDAO TOKENS DO NOT HAVE ANY RIGHTS, USES, PURPOSE, ATTRIBUTES, FUNCTIONALITIES OR FEATURES, EXPRESSED OR IMPLIED

! PURCHASE OF SDAO TOKENS ARE NON-REFUNDABLE AND CANNOT BE CANCELLED

! SDAO TOKENS MAY HAVE NO VALUE. YOU MAY LOSE ALL INVESTED FUNDS

! SDAO TOKEN IS NOT A SECURITY

! THERE IS NOTHING TO GUARANTEE THAT THE PROCESS OF PURCHASING OR RECEIVING SDAO TOKENS WILL NOT BE INTERRUPTED OR ERROR-FREE. ALSO THERE IS NOTHING TO GUARANTEE THAT THE SDAO TOKENS ARE RELIABLE AND BUG-FREE

! US CITIZENS AND CITIZENS OF SINGAPORE ARE NOT ALLOWED TO CONTRIBUTE SDAO TOKENS DURING PRE-ICO

Technical ​​Risks

SDAO Pre-ICO Contract runs within Ethereum network therefore you need to be aware of things as follows.

1. Block building happens randomly

The timing of block building within Ethereum network is determined by proof of work algorithm thus blocks can occur randomly . For example, ETH sent to the SDAO Pre-ICO Contract in the very end of distribution may not be included in that period. You should understand that the Ethereum blockchain may not include your transaction at the time you expect and you may not receive SDAO Tokens at the same day when you send ETH.

2. Network Congestion

Please be also aware of possible periodic congestion might happens in the Ethereum network than transactions can be delayed or lost. Some individuals can spam the Ethereum network in attempt to gain an advantage in cryptographic tokens purchasing. You should understand that Ethereum miners not include your transaction in block when you expect or your transaction may not be included at all. This is Ethereum blockchain network restriction and not restriction of the SDAO Pre-ICO Contract.

3. Account Control

Do not send ETH to the SDAO Pre-ICO Contract from an account that you do not control SDAO Tokens will be charged to the ETH account from which ETH was received.

How Token Sale Smart Contract works

Our smart contracts are designed to handle presale distribution of Solar DAO tokens (SDAO).

Please, check twice that you are totally understand major features before investing or interacting with these contracts:

  • Initial tokens price is 1 US Dollar = 1 SDAO token
  • We have maximum amount of $4M ($4'000'000). When we reach it presale finishes immediately
  • Project Team is able to stop presale at any time
  • It’s not possible to transfer SDAO tokens until the ICO ends
  • No refund or moneyback is available during Tokensale
  • Dev team is able to withdraw Ether at any time during or after presale

Contracts

GitHub

Resopository: https://github.com/Solar-DAO

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