Bitcoin Forum

Hi to all! I am a web and smart contract developer, crypto enthusiast and I want to support the trend of transition to green energy.

The main idea is that investors can buy tokens, which give the right to own the number of megawatts at the built solar station.
Holders of these tokens will receive income from generated solar energy.
The owner of the contract can withdraw borrowed funds (eth or bnb, depending on the blockchain) for the building of solar stations, and then return these funds to investors from the income.

Now I'm looking for a logical solution to how I can guarantee the fulfillment of obligations using a smart contract.
Please, share your thoughts on this with me.

There are many ways to transitionally contribute to green energy but why should you build it with a smart contract? Like what are the actual benefits or the urgency of tokenizing green energy/solar stations? Personally, nowadays it seems like smart contracts are just some another buzzword like the word blockchain whose idealized to solve many real words problems magically.

Currently, I think there is nothing you can do to legitimize check the obligation solely based on a smart contract. You still need a real physical entity as an intermediary to do the job.

If you try to raise funds via traditional methods, it is much more difficult as if you want to release your bonds, it will require a lot of documents and different difficult procedures. Nevertheless, if you do it via smart-contract, you can perform it just releasing a new ERC-20 token on Ethereum, what is easy and don't require any documents. The main thing is to organise marketing campaign and ICO so that there will be investors.

Investors today are getting wise unlike before that when developers throw some words like "decentralized" they'd just flock to send ETH to fund the project. Investors are likely to invest more in projects that are already established and a guarantee there will be no rug pull. If you can not even find a logical solution for our token to exist, why would investors see a profit?

Just compare this to a casino token in which the profit of the casino is divided to share with the casino token holders. Many of these tokens find that solution easy to achieve and seem successful already. You can follow the same thing. Releasing NTFS is something else.

I saw similar projects in the past with some variations, of course. Now, the use of smart contracts, I assume, can be guaranteeing that an "investor" will be getting the profits he/she deserves out of the operation. I am not so sure if there can be a platform that can help you with that concern but am sure there must be out there. The use of smart contract is making the project more attractive but these days investors can be demanding more...they want to know if they are dealing with a genuine project and real people so they can avoid being victimized by another scam or rugpull.

In terms of the OP use case, who and how the auditing process works? its clearly the missing point here whereas the real-life use case and utility are still become a barrier of smart contract. After all, implementing tokenization of solar stations and such still also require a tedious amount of documents and procedures, not to mention the regulatory issue are still lacking within cryptocurrencies spaces. What I trying to say is why bother the idea should work with cryptocurrencies rather than just purely work toward transiting toward green energy.

I do not have sufficient funds for this. I guess like many people who would also like to contribute. But together we can build our own solar stations. And of course, it would be very difficult to raise funds in the traditional way. And of course it would be very difficult to raise funds in the traditional way. Therefore, I see prospects in the use of a smart contract.

I understand that it is too early to talk about the full use of a smart contract as an automated decentralized enterprise. But like many technologies, they need to go through an intermediate stage of evolution. And if it also contributes to what is useful, such as green energy, everyone will benefit from this - the world, technology and investors.

What prospects are in the current smart contract? because everyone is clearly no longer thinking about traditional money collection in this sophisticated era, so the things that need to be known are what are the prospects in smart contracts

The smart contract will be a tool for investors, with the help of which will be being determined the direction of the enterprise's development. Also, in a smart contract, basic rules can be described out according to which the enterprise should operate and how income should be paid. That would be something like an automated decentralized enterprise.

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I understand how the token will work. 1 token will represent 1 megawatt at a solar station. It will cost X ETH, which will be calculated from the cost of building a solar station.
Further, the holders of these tokens will receive income from the sale of energy in ETH.
But I would like to discuss investor protection mechanisms that can be implemented in a smart contract.