Energy-focused blockchain investment fund Solar DAO yesterday started the preliminary initial coin offering (ICO) for its two-stage crowdfunding campaign to raise funds for the construction of new solar PV plants.
The pre-ICO will end Aug. 31, and the core ICO is scheduled to start by the end of October. According to the company, there will be a total available supply of 80 million Solar DAO tokens, with an initial token price of $1 per token.
Solar DAO is a closed-end investment fund built on Ethereum blockchain. The company said its solar plant investments will focus on the Israeli, Portuguese, Kazakhstani and Ukrainian markets over the next four years.