The First Truly Green,
Proof-of-Power Cryptocurrency



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World's First
Truly Green
Proof of Power

Cryptocurrency

Solarite Technologies Pte. Ltd. is a company incorporated in the Republic of Singapore. The company is currently exploring a new blockchain concept: Proof of Power (PoP). Solarite Coins awarded to coin holders are incentivised to stake on a node of solar panels, generating both power and performing transactions on the Solarite Blockchain. Solarite will build solar farms, coupled with Solarite’s patented technology that enhances solar cell conversion efficiency to 28% efficiency. Solarite solar farms will be built in regions with at least 2000 hrs of sunshine, and equipped with nodes that power the Solarite Blockchain. Given the high electricity consumption of Proof of Work (PoW) by cryptocurrencies, such as Bitcoin, which has already overtaken electricity consumption in countries such as Ireland*, it is not viable as a sustainable model for our environment. Solarite aims to be the first truly green cryptocurrency that also generates sustainable renewable energy, rather than consuming energy resources.


Solarite Technologies Group is formed to address two exciting challenges facing the renewable energy industry in particularly the Solar Industry.

  • The low conversion efficiency and low reliability of conventional solar panels
  • The inefficiency and opportunities cost in centralised power distribution

Addressing the low conversion efficiency and low reliability of conventional solar panels, Solarite Technologies Group filed a patent on 24th May, 2017 under patent no.GB1708275-1. This Solarite Technology converts solar energy to electricity more efficiently than conventional solar panels by using concentration technologies as well as high efficiency solar cell. While higher temperature reduces conversion efficiency of solar cell, the company patents a set of innovative solutions to overcome the extreme heat that reduces conversion efficiency. These solutions includes deploying deep technologies in the solar cell level, a vacuum that acts as a heat buffer and an specially engineered Infrared Reflective coating that lowers the effect of harmful IR Radiation. Solarite has the advantages of lower capital expenditure cost and shorter return on investment.


With regards to inefficiency and opportunities cost in centralised power distribution, we are aware that as more countries liberalise their energy markets, consumers still consume power from centralised grids managed by corporate grid operators. Centralisation means higher cost for consumers and a lag in innovation and opportunities cost to consumers. Solarite Technologies Group’s PoP blockchain concept enables the decentralisation of power production and bring forth the power of choice to consumers. Solarite Coins given to coin holders are incentivised to stake on a node of solar panels, generating both power and performing transactions on the Solarite Blockchain. Solarite will look to build solar farms in collaboration with venture partners. These Solarite solar farms will be built along the sun belt region with the most sunshine (high isolation). These farms will be equipped with nodes that power the Solarite Blockchain.


The proof of power concept combines the advantages of proof of work and proof of stake models to form a unique hybrid model, generating both value and efficiencies for stakeholders. The algorithm rewards participants who solve cryptographic puzzles in order to validate transactions and create new blocks (i.e. mining).


Solarite proof of power concept is the first truly green cryptocurrency that generates sustainable energy and opportunitiesfor stakeholders.

What is Solarite

Solarite Concentrated Solar patent solutions.


Solar energy solution that achieves the high efficiency despite high temperatures.




CONVENTIONAL SOLAR PANELS VS SOLARITE




Conventional PV Solarite
Conversion Efficiency 8-17% 25 - 32%
Innestment break even period 4-10 Years 3.5 Years
Short life span 7-15 years 20 - 25 years

Solarite Blockchain:
Proof-of-Power (PoP)



Solarite blockchain employs the new Proof-of-Power (PoP) concept: Rewarding people who produce energy!



1 Solarite Masternode = 8 Solarite Panels



PROCESS:



  1. Solarite Masternodes perform transactions and their verifications

  2. Stakeholders stake coins on Solarite Masternodes

  3. The higher the stake, the higher the authority the stakeholder has in winning a transaction’s verification

  4. Algorithm of difficulty increases in positive correlation to the amount of electricity generated


The first solar farm built by Solarite Technologies will be the basis for the Solarite Blockchain. Subsequent solar farms and installations built by Solarite Technologies will leverage on the blockchain for transaction verifications, which will result in a massive use case for its Solarite tokens. Private solar farms will be able to leverage on the Solarite blockchain to participate in its solar energy ecosystem.


This Proof-of-Power (PoP) concept uses less electricity to mine Solarite coins in comparison to mining bitcoins. The excess electricity generated by Solarite’s solar farm will be sold back to the grid and generate value for token holders.




SOLARITE MARKETPLACE


Solar farms built and managed by Solarite Technologies will be supplying electricity transmission directly or through a network of retailers in exchange for the receipt of Solarite coins. Facilitating trading liquidity on exchanges with the support of other cryptocurrencies.




SOLARITE COIN HOLDERS


Crypto-savvy consumers who stake their Solarite coins with Solarite




CONSUMERS


Day-to-day electricity consumers who wish to purchase the electricity generated by Solarite’s solar farms and attain cost savings in the electricity bills through its breakthrough solar energy solutions.




RESELLERS


Third party resellers of Solarite’s electricity supply who can bypass potential transmission hurdles between Solarite and end consumers due to geographical or regulatory factors. This includes private solar farm owners leveraging on the Solarite Proof-of-Power Blockchain.

Roadmap






  • 2018 Q1

    Fund Raising

    • Private Placements


    Solarite Business Development

    • Prototype Development


    Blockchain Capabilities

    • Tokens Issued

    2018 Q2

    Fund Raising

    • Private Placements
    • Equity Fund Raising Events (Round 1)


    Solarite Business Development

    • Prototype Development


    Blockchain Capabilities

    • Tokens Issued

    2018 Q3

    Fund Raising

    • Private Placements
    • Token Sale


    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Tokens Issued

    2018 Q4

    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Research and Development on PoP
  • 2019 Q1

    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Research and Development on PoP

    2019 Q2

    Solarite Business Development

    • Prototype Testing
    • Mass Production of Solarite Panels


    Blockchain Capabilities

    • Integration of PoP with Solarite

    2019 Q3

    Solarite Business Development

    • Mass Production of Solarite Panels
    • Building of First Solar Farm


    Blockchain Capabilities

    • Integration of PoP with Solarite

    2019 Q4

    Solarite Business Development

    • Building of First Solar Farm


    Blockchain Capabilities

    • Integration of PoP with Solarite
    • Token Swap and PoP rollout
  • 2020 Q1

    Blockchain Capabilities

    • Token Swap and PoP rollout

    2020 Q2

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2020 Q3

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2020 Q4

    Blockchain Capabilities

    • Token Swap and PoP rollout
  • 2021 Q1

    Blockchain Capabilities

    • Token Swap and PoP rollout

    2021 Q2

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2021 Q3

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2021 Q4

    Fund Raising

    • Equity Fund Raising Events (Round 2)


    Blockchain Capabilities

    • Token Swap and PoP rollout
  • 2018 Q1

    Fund Raising

    • Private Placements


    Solarite Business Development

    • Prototype Development


    Blockchain Capabilities

    • Tokens Issued

    2018 Q2

    Fund Raising

    • Private Placements
    • Equity Fund Raising Events (Round 1)


    Solarite Business Development

    • Prototype Development


    Blockchain Capabilities

    • Tokens Issued
  • 2018 Q3

    Fund Raising

    • Private Placements
    • Token Sale


    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Tokens Issued

    2018 Q4

    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Research and Development on PoP
  • 2019 Q1

    Solarite Business Development

    • Prototype Development
    • Prototype Testing


    Blockchain Capabilities

    • Research and Development on PoP

    2019 Q2

    Solarite Business Development

    • Prototype Testing
    • Mass Production of Solarite Panels


    Blockchain Capabilities

    • Integration of PoP with Solarite
  • 2019 Q3

    Solarite Business Development

    • Mass Production of Solarite Panels
    • Building of First Solar Farm


    Blockchain Capabilities

    • Integration of PoP with Solarite

    2019 Q4

    Solarite Business Development

    • Building of First Solar Farm


    Blockchain Capabilities

    • Integration of PoP with Solarite
    • Token Swap and PoP rollout
  • 2020 Q1

    Blockchain Capabilities

    • Token Swap and PoP rollout

    2020 Q2

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout
  • 2020 Q3

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2020 Q4

    Blockchain Capabilities

    • Token Swap and PoP rollout
  • 2021 Q1

    Blockchain Capabilities

    • Token Swap and PoP rollout

    2021 Q2

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout
  • 2021 Q3

    Solarite Business Development

    • Building of Subsequent Solar Farms


    Blockchain Capabilities

    • Token Swap and PoP rollout

    2021 Q4

    Fund Raising

    • Equity Fund Raising Events (Round 2)


    Blockchain Capabilities

    • Token Swap and PoP rollout

The Solarite Team





TERRENCE ONG

CEO, Founder


JULIE ONG

Finance/HR, Co-founder


ANDY ANG

BD and Technical Director


HARYANTO SOEMITO

CEO Solarite Investment Capital


CHAU TRAN

Head of Advance Automation and Robotics


Dr. AVISHEK KUMAR

CEO, Sunkonnect Pte. Ltd


JOVAN CHIEW

Head of Security Software Technology


CALVIN ONG

Business Development Manager




Top Tier Advisors





PETER LIM

Advisor


CHRIS LOW

Advisor


KINERET KARIN

Advisor


YOAV ELGRICHI

Advisor


MR. VIJAY SIRSE

Advisor


THOMASON CHAN

Advisor

PARTNERS & ACCELERATORS PROGRAM




Token Sale

To incentivise the team, Solarite will be keeping 40% of all Solarite Tokens generated, or a maximum of 224,000,000 Solarite Tokens, whichever is lower, generated at the end of the Token Generation Event (TGE).


Tokens not sold in the sale pool will be burnt. The total supply will be capped at 560,000,000 Solarite Tokens after the token sale. Solarite tokens will not be minable until the proof of power private blockchain is live, of which we will be perform a token swap for all Solarite Token holders.


Participation in the Public Sale shall be limited to natural persons, and each wallet which has been cleared pursuant to Know-Your-Customer (KYC) checks. KYC checks include proof of identity and residence.

Token Name SOLARITE TOKENS
TOKEN TYPE ERC20
TOKEN SUPPLY 500,000,000
TOKEN FOR SALE 300,000,000
CURRENCY ACCEPTED ETH / BTC / USD
SOLARITE PRICE 1 SOLARITE COIN = USD$0.10
PRIVATE SALES PERIOD Q2 2018
PUBLIC SALES PERIOD Q3 2018

Usage of Funds

Majority of the proceeds will be used for the building of a utility scale solar farm for the proof of power concept. Equipped with smart meters and micro grid infrastructure leveraging on blockchain technology.


Solarite proprietary Proof of Power blockchain will be developed as we raise the funds from this TGE, once this private blockchain is live, we will be conducting a token swap for all Solarite Token holders to convert their ERC20 token to the Proof of Power blockchain.

Contact Us

3 Gambar Prescent
Nordcom One, #08-01,
Singapore 757088

View on Google Maps


investors@solarite-technology.com












Inventor, Serial Entrepreneur, Founder of 7 Corporation PL, Laser Logic International PL, Alpha Digital (Holdings) PL, Solarite (Holdings) Pte. Ltd. & Solarite Ltd.


Diploma in Mechanical & Manufacturing Technology

Diploma in Business Administration



Her background is business management , Julie has many years of experience in production planning in the semiconductor and disk drive industry.


A serial entrepreneur for more than 15 years . Her expertise is in the area of chemical and ultra violet related products mainly in the optical media industry.


She also co-founded 7 Corporation Pte Ltd , Alpha Digital Holdings , Laser Logic (International) PL & Solarite Ltd.



20 years of industry experience in Solar PV, Solar powered products


On grid /off grid systems and Design, calculation, integration, engineering, commissioning and maintenance of PV systems.



CTO - Triumph-Secure Singapore Pte. Ltd.

20 year IT/Security Expertise



Over 25 years in semiconductor industry and High Tech related.

Positions in the industry:

VP of Service at Global equipment services

President at Vector Fab

GM-Vietnam at AG

VP of Business Development.



Dr Avishek holds an MS degree in Microelectronics from Technical University of Munich, Germany and a doctorate degree (PhD) in Electrical and Computer Engineering from National University of Singapore with specialization in different solar cell technologies. He has more than 10 years of work experience in the field of solar process and manufacturing. He has worked extensively with leading solar research institutes of the world and tier one module manufacturing companies. He has completed several high technology transfer projects and brings with him a vast knowledge of diverse solar technologies. Dr Kumar has a track record of leading diverse team and handling complex projects. Dr Kumar has co-authored more than 30 research papers in top tier journals and conferences.His key research interests include advanced manufacturing, state of art PV system design and battery storage technologies.



Co-Founder - 7 Corporation Pte. Ltd.

15 years in Industrial Sales & 12 years in Civil Engineering

Diploma In Civil Engineering



Hal has over 15 yrs of games and digital experience, having lived and worked across the globe. Hal is a co-founder with iProdoos and SmartChain Media, a new Blockchain-based streaming video platform and advises several US & Asia-based companies incorporating Blockchain technology. He previously held senior management roles for Sony (PlayStation), expanding / managing the business in Eastern Europe and Codemasters, overseeing international / emerging markets, managing and expanding game franchises such as Formula One. Hal also worked with ESL (the world’s leading esports company), as Managing Director for Southeast Asia, Hong Kong, Taiwan and Macau, as well as co-founder for Nemesis, a casual games esports platform, focusing on Southeast Asia and other emerging markets.



Co-founder & Chief Strategy Officer of PLMP FINTECH, Asia biggest Blockchain Technologies center housing 50,000 sqft of full end to end ICO launch advisory, blockchain developer and solutions center, Crypto exchange OTC services and support center , Blockchain innovators incubator and mega rig mining farm.


Peter Lim diverse portfolio dating back from IT industry to infocomm and was actively involved in Dot.com startup funding. He was hand picked under EDB SEEDS Entrepreneurship and was team member of CHINA – SINGAPORE Information Technology Collaboration 2000 to 2003 developing vast experience in conceptualizing, marketing, organizing and executing successful venture in major IT infrastructure projects in both China and India.


Peter other portfolio including Hedge Fund and FX Proprietary trading and institutional order flow trader since 1997 graduated from Institute of Banking and Finance (IBF).


Under his stewardship PLMP FINTECH and its core executives team have position itself as the biggest Blockchain and Cryptocurrency Service and Support Center in Asia embarking empowering SME into the new Digital Economy.



A seasoned technoprenuer. Was successful in Pendulab his first start-up of a web based collaboration solution, that became part of acquisition of a leading private equity firm in US. Had built incredible sales enterprise garnering worldwide customers, many being clientele in the Fortune 500. Founder of Viwawa, a SE Asia largest multiplayer game platform and SoftPay Mobile the largest Mobile Point of Sales company in Vietnam. Currently , serving as Global Head of Sales and Business Dev. Director of MC Payment , SE Asia leading fintech company.



She is a serial entrepreneur who successfully founded, managed and sold a company to Rocket Internet. She has over 20 years of business and leadership experience in database analysis, market research and big data. She is a reputable global thought leader in the social tech domain and holds an MA in Statistics.



He is a serial entrepreneur that successfully built and sold several companies, among his achievements, selling his startup to Rocket Internet and plays a key role in listing a company in the SGX. A mentor at the Singapore Management University, inventor of patents in the NFC and wearable devices domains. Yoav holds an MBA.



Mr. Vijay Sirse is not only an entrepreneur, innovator and investor, he also wears the demanding hat as Founder, Chairman and CEO of vTrium Energy Group (www.vtriumenergy.com), an Integrated Electricity Management Solutions specialist. The first company in Singapore to implement innovative Organic Photovoltaic solar projects in a tropical urban environment, Mr. Sirse surmised - “In all that we do, we embrace our core values of Integrity, Honesty and Innovation, for they are a daily reminder that placing customers first is something that is non-negotiable”



Shell is looking to mentor energy start-ups that have actionable ideas, technologies and innovations. Shell #IdeaRefinery, a programme by Shell, ImpacTech and NUS Enterprise, is a 20-week accelerator programme focused on developing early stage energy-related startups into full-fledged startups that can raise capital and scale into successful businesses.



A*STAR's Institute of Materials Research and Engineering (IMRE) is a research institute with a unique combination of R&D capabilities, commercial partnerships and strategic alliances. Comprehensive materials-related solutions for global and local partners are developed here at IMRE. IMRE has the expertise in materials research and engineering, ranging from consultancy and testing services to joint research and development programmes, to serve the diverse needs of industry.



Red Dot Power Pte Ltd (RDP) is a homegrown Singapore energy solutions provider. A pioneer and leading player in the National Electricity Market of Singapore (NEMS), Red Dot Power has been at the forefront of the electricity retail scene since the entry of independent electricity retailers. Primarily offering electricity retail services, we also offer Demand Management and Interruptible Load solutions, efficient grid and off-grid options, storage applications, urban energy solutions and solar projects.



ImpacTech is a business consulting company that empowers impact driven technology companies and startups by offering customized acceleration programs and unique practical workshops. The company’s HQ is in Singapore and is operating in Thailand and Japan. In 2018 ImpacTech will expand to other countries in Asia.



Startup-O is a Singapore-based platform that curates promising startups from any location and provides them with Strategic Seed Capital & connects with Global Experts fast. The platform is created by entrepreneurs for entrepreneurs who believe in going the extra mile. Startup-O works in collaboration with Javelin Wealth Management & IP Bridge. Solarite is selected into the cohort among 660 startups submission from 32 countries in Startup-O ‘Fasttrack’ Season 5.



EnRupt is an energy innovation company with the vision to build energy companies of the future based on clean, decentralised and digital solutions. Enrupt is on the mission to create partnerships between startups and corporations where new ideas thrive and get executed.