Good friends, I greet everyone on my Blog! Today I will talk about a very exciting ICO project. We will discuss how cryptosolartech platform is implementing blockchain technologies in the gambling industry, and we will also talk in detail about the details of the ICO !So yes! their official website: https://cryptosolartech.org/en/
CryptoSolarTech is a project that comes from the hands of two Spanish cryptocurrency and Blockchain pioneers, Pablo Alonso and Alain Aguirre. It is a new wave meant to transform the world of cryptocurrency mining and at the same time strengthen the Blockchain network. It will use sustainable energy to carry out the cryptomining process, which will help to reduce the environmental impact and be able to consume energy at a user level that comes from clean and renewable sources. It will reduce both the consumption of electricity and therefore the energy expenditure, and customers will obtain a profitability through the tokens and its platform, well above what any current photovoltaic / solar energy project can offer. This will also take the mining of cryptocurrency to a new and more favorable level for the environment and, at at the same time, maximazing effciency
In addition, CryptoSolarTech provides investors the opportunity to participate in a high-risk market such as the cryptocurrency market, obtaining a very high return, but holding all the investment in a low risk market with high profitability such as the solar energy market.
ADVANTAGES OF USING BLOCKCHAIN ALONG WITH SOLAR PANELS AND MINING SERVERS
With the aim of shortening distances so that the solar and mining sector works carrying out a process in which they obtain mutual benefits, the use of the Blockchain technology provides a complementary solution that increases the added value of both by working simultaneously. These are the additional benefits that Blockchain adds to the project:
DECENTRALIZED TRADABILITY
Allowing the project’s marketability to be decentralized (YieldCos, green bonds, asset backed securities and ARM’s) in a faster and safer way. The Blockchain allows financing in a decentralized scope of work to the main participants in the financial markets, giving power to the tokens of the holders as new participants, instead of a club agreement of intermediary institutions.
Due to the Blockchain´s open source, this technology is specially interesting for companies. That means that other users or developers have the opportunity to modify it as they wish, but the most important thing about it is that changing the gathered data within a chain of blocks is incredibly difficult. After all, if there are countless eyes on the network, someone will probably see that the recorded data has been altered. This makes Blockchain a particularly safe and reliable technology.
LOWEST TRANSACTION COST
Blockchain allows P2P and B2B transactions to be completed without the need of a third party, which is usually a bank. Since there is no participation of intermediaries linked to Blockchain transactions, costs for the user or companies can be reduced over time.
FASTER TRANSACTION AGREEMENTS
When it comes to mainstream banking, it is common for transactions to take days to confirm completely. This is due to the bank transfer software and protocols, as well as the fact that financial institutions only open during normal business hours, five days a week. There are also financial institutions located in several time zones around the world, which may delay processing times. However, the Blockchain technology is running 24 hours a day, 7 days a week, which means that Blockchain-based transactions are processed considerably quicker.
DECENTRALIZED TRANSACTION VERIFICATION
Another important reason why Blockchain is so interesting is the lack of a central data center. Instead of running a massive data center and verifying transactions through that center, Blockchain allows individual transactions to have their own proof of confirmation and authorization to carry out those restrictions. With the information about a gradual
Blockchain around the world based on individual servers, it guarantees that if the information falls into unwanted hands (for example, a cybercriminal), only a small amount of data and not the entire network, would be compromised.
NETWORKS CONTROLLED BY THE USER
Finally, cryptocurrency investors tend to be really motivated by the different management aspects of Blockchain. Instead of having a third party to run the program, users and developers have the final say. For example, the impossibility of reaching an 80% consensus on an update linked to the Bitcoin Blockchain is what evolved into a fork creating two different currencies (Bitcoin and Bitcoin Cash) more than four months ago. Opinions go all the way concerning investors and developers.
Therefore, it is stated that thanks to this complete, consistent, timely, accurate and widely available technology, users will control their information and transactions, trusting that it will be executed exactly as the protocol commands, disposing the need for a trusted intermediary. Changes in Blockchain are publicly verified by all parties achieving the
necessary transparency and all of them are immutable. They will be added to this particular public accounting spreadsheet called Blockchain, getting rid of potential disorder that could lead to errors or complications in regular accounting books.
ECOSYSTEM & CST TOKENOMICS
CryptoSolarTech (CST) is a digital asset classified as a Utility Token according to the parameters established in the Howey test (1946) that international regulator agencies use to determine if a digital asset can be considered as a security and be subject to regulation standards due to its financial nature (representing a fraction of a company, rights to
collect dividends,etc.) or if, on the contrary, it is a digital asset that represents an instrument or a right to future services and products of a company such as the CST token, which will also have a payment function and will be limited to the tokenized ecosystem of CryptoSolarTech.
Symbol : CST
Type : ERC20
Token Price : 1 CST = € 0.1
Accepted Currencies : ETH, BTC, Fiat
Classification : Utility Token
Decimals : Not Specified
Token Sale Company :
ICO Start Date : Apr 16, 2018
ICO End Date : Jul 14, 2018
Token Distribution : Within 48 hours or less after ICO sale ends
Hard Cap : 1,008,000,000 CST
Total Tokens : 1,260,000,000 CST
ROADMAP
For more information and updates, check the following links:
Website: https://cryptosolartech.org/en/
Whitepaper: https://cryptosolartech.org/doc/cryptosolartech-whitepaper-en.pdf
Telegram: https://t.me/cryptosolartech
facebook: https://www.facebook.com/cryptosolartech/
Twitter: https://twitter.com/cryptosolartech
Medium: https://medium.com/@cryptosolartech
Author: ankit05
Profile bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1179048
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