These digital assets give the token holders ownership of solar cells that distribute revenues from the projects generated from the sale of the carbon credits as well as the electricity that is generated from the solar cells themselves.
Payouts will take place every three months over a 20 year period, at a forecasted rate of 12% per cell, per annum.
Based on all previous projects launched through the SunCash initiative, investors have received a forecast ROI of 12% per annum. However, for this project, we are working with Zero Carbon Solar to sell green certificates on the international market, to bolster higher returns.
Once the installation is completed, you will receive an update from Momint with information about the installations, the sale of the carbon credits and the exact ROI number and payout dates.
About The Project
Gender-Based Violence (GBV) figures have soared due to South Africa’s ongoing electricity crisis. A safehouse cannot protect survivors of GBV when their electric fencing doesn’t work, and their camera feeds are down.
Today, you can help fund solar power installations of 12 GBV safehouses and community centres in the Western Cape.
Once the crowd sale is complete, our trusted partners (Trust Solar) will install the solar panels on 12 locations.
Carbon Zero Solar will issue renewable energy certificates to sell to corporates needing to offset their carbon footprint. This way, we can give investors an ROI, paid out quarterly in USDC (stablecoin).
About The Location
The location of the safehouses will remain undisclosed to ensure the safety of GBV survivors.
The Digital Asset Tiers
1 Single Solar Cell at R125
- 72 available to purchase & trade
- Just dip your toes
18 Solar Cells at R2250
- Explore funding renewables
- 36 available to purchase & trade
Quarter Solar Panel at R4500
- Make an impact
- 14 available to purchase & trade
Half Solar Panel at R9000
- Make a difference
- Only 5 are available to purchase & trade
Full Solar Panel at $18000
- For heavyweight investors
- A limited 3 available to purchase & trade
The Finer Details
This solar project is on a 20-year lease. Your earnings begin as soon as the solar plant is fully installed – this is when the lease period begins. The installation process can take anywhere from 2 – 6 months from the close of the crowd sale. In some cases, solar projects are energised before reaching final completion, which results in early bonus earnings before the lease period.
The purchase price covers the following: insurance (fire, theft, damage), ongoing maintenance (such as annual cell cleaning), contributions to a maintenance reserve and administration services.
Your Impact:
Each solar cell will reduce an estimated 118kg of CO2 over 20 years, which is equivalent to:
- 2 seedlings grown for 10 years
- 4.5 lamps switched to LED
- 473 km driven by an average passenger vehicle.
If all the digital assets in this project are sold, and the total amount of carbon offset for this entire project will be 237888 kg.
Project Specifications (Site 1)
This project will be updated as new locations are brought online. The first location is as follows;
Roof: Normal Tile
Solar Cells: 14x Tier 1 455W Solar Panels
Storage: 2x 5.5kW Hubble Battery
Total Cells: 2016
Price Per Cell: R125 ($7)
Total Install cost inc. fees: R252 000
Disclaimer & Legal
Before making a purchase, please ensure you have read Momint’s Terms of Use and the project Sale Agreement, which can be found under the ‘links’ section of this project page. By purchasing a token, you agree that you have read, understood and agree to be bound by these agreements.
Investment Risks: All investments, including those in solar cells or any projects on Momint, come with inherent risks. The value of your investment can go up as well as down, and you may not get back the full amount you invested. Past performance is not indicative of future results.
Your earnings from the solar cells can be impacted by a variety of factors including but not limited to installation timeline delays, fluctuations in solar cell performance and energy generation, default or non-payment from the energy consumer, fiat and digital currency fluctuation, government regulatory changes and power outages.
Due Diligence: It’s imperative that potential investors conduct their own research and due diligence before making any investment decisions. Ensure you understand the risks associated with the investment and seek independent advice if necessary.
Tax Implications: Investors are responsible for any tax implications arising from their investments. It’s recommended to consult with a tax professional or advisor to understand any potential tax liabilities based on your jurisdiction and individual circumstances.
Security Reminder: Always safeguard your Momint Wallet credentials. Momint is not liable for any loss of NFTs due to personal negligence.
Regulatory Status: This product has not been authorized by the Financial Sector Conduct Authority (FSCA) of South Africa or the United Kingdom’s Financial Conduct Authority.
