ICO Offers Investors a Chance to Cash in on Green Energy Plan
The project involves the creation of a wind power farm and the installation of up to 52 wind turbines to produce green energy.
During the 15-day, pre-sale period, 10 percent of the Renewable Energy Tokens (RETs) will be sold at a 50-percent discount via a cryptocurrency system. The discount will not be available after the pre-sale period. "Ownership of one RET is equivalent to owning one asset in Eco Smart Energies," according to a company press release.
"These turbines are capable of producing mechanical energy that can be transformed into electrical energy, using wind energy converters linked to power distributors," according to a company white paper.
Cryptocurrency, an internet-based system for financial transactions, has the advantages of minimal processing fees, decentralization, and blockchain to confirm and provide security. The exchanges are quick and can be conducted on a global scale, which makes life easier for investors. According to a recent opinion piece on the Bloomberg website by former risk manager Aaron Brown, cryptocurrency is not without risk, but neither is investing, and "there are plausible scenarios in which crypto grows to become a significant part of the economy."
Investors are seeing the potential of green energy companies and the convenience of cryptocurrency. Wind energy is one of the most strongly recommended alternatives to the use of fossil fuels, and Eco Smart gets investors involved in the environmental angle with an application that will allow the token owners not only to send or receive tokens, but also to view how much wind power is being produced from the turbines. "The token holders can also actively participate in issues that are related to the future of the wind farm," according to the company.
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