Energy-focused blockchain investment fund, Solar DAO has announced the dates for its two-stage ICO crowdfunding campaign. Both the Pre-ICO and ICO will raise funds which the company will invest into constructing a new PV solar plant. The preliminary ICO will take place between the 27th of July 2017 and the 31st of August 2017. It will be followed by the core ICO, scheduled to start by the end of October 2017. There will be a total available supply of 80,000,000 Solar DAO (SDAO) tokens, with an initial token price of $1.00 per token, with both ICOs benefitting from early bird bonuses.
Solar DAO is a closed-end investment fund built on Ethereum blockchain. SDAO tokens are executed by Ethereum smart contracts for increased transparency and security. Any undistributed tokens will be eliminated through smart contracts, and any release of additional tokens is closed out at this stage.