The presentation outlines Enex Solar’s plan to create a security token that represents ownership of real‑world solar power plants. Over a ten‑month development period, the team will hire contractors to retrofit solar panels onto existing buildings, then tokenize the ownership of the resulting energy‑producing assets. Funding for each installation is raised through a project‑specific mini‑ICO that closes once the capital cap is reached, after which construction proceeds. Token holders can participate in a staking scheme called “Sparking Up,” locking tokens to gain voting rights on pipeline projects and to earn higher dividend percentages, thereby reducing token liquidity and adding network value. The tokens are proportional to the electricity‑producing capacity, ensuring they are backed by tangible assets. Enex Solar positions this model as a solution to growing demand for decentralized, sustainable energy, enabling communities, villages, or remote locations to crowdfund their own power generation. Profits from operational plants flow into a treasury smart contract that allocates funds to new projects, covers expenses, and distributes the remainder to investors, with no founder’s reward; the team is compensated in tokens, aligning incentives. While aiming for maximal decentralization, the model acknowledges the necessity of central coordination for on‑the‑ground construction and asset management, defining a hybrid governance framework. The speaker invites further questions after the overview.
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TranscriptAuto-generated · 5 min
Okay, I'm gonna talk about NX Solar now. So this is a project that has been ongoing for around 10 months, a little bit less than a year. And what we're trying to do is create a security token which will tokenize a real-life asset, in this case a solar power plant. And how we propose to do that is that we are going to hire companies to retrofit panels to existing buildings. And then the company that is going to be NX Solar, the ownership of the company will be tokenized and distributed for anybody who wants to participate. So how we plan to do this is try to create an incentive model for the owners of those tokens to incentivize them to participate also in the decision-making, to gain bigger passive income through dividends that will be paid according to profits that are generated by this energy company. And the functionality, how we imagine that it's going to work, is that once we kick— for each project, there will be a separate mini ICO which will only be funded until the project can be built. So there will be a project calculation and the money will be raised until the cap is reached, after which the project will get built. And then we move on to the next one. And then there's a concept that we're working on that's called Sparking Up, which is a marketing term for staking your tokens. So then you would lock up your tokens in the platform to gain voting rights. Then you can, you get to take participate, you get to participate on what's gonna be the next project from the pipeline and maybe some other administration things like maybe the rewards for developers and founders. if the milestones are reached or not, and then involve the people that way. And in exchange, they would get elevated dividends percentage because then they will lock up those tokens, decreasing the liquidity, and then also bringing more value to the network. And how it differs from most tokens is that each— the tokens are proportional to the network size that produces electricity. So it's all— it's backed by real-life assets. Which is, most tokens are not. This is how, how the system works roughly. So investors want— first of all, there needs to be a need. Okay, we need more power. It seems obvious to me that in the future the power system we have currently is not going to scale super well. So we're going to need a lot of alternative and as sustainable as possible energy forms. So there should be a need, and I think there will be a growing need for communities and individuals and companies to generate their own electricity, to detach themselves from the grid. And this is a way for them to crowdfund their projects. So let's say that you guys have a small village, but you don't have quite as much money as you would like to actually build the project yourself. You can then have— use Ennex to kick up an ICO, crowdfunding for your project, fund as much as you can by yourself, and gain tokens for it, and then get— So, other people to fund the rest. And that could provide a valuable way for, like, remote locations where the infrastructure is not good, the power grid might be unstable, to actually take control of their energy production and as well to create some passive income. So how it will work is that once the project is built and, well, the pipeline will be filled by pre-approved projects that the team Ennex will scout. then, and then make sure that each of these projects that will be voted from will be viable and profitable. And once those projects are built and they start to generate profit, there will be a treasury model, which will be basically a smart contract that would handle all the profits and channel some of it back to new projects, and some of it will go to expenses, and the rest will go to the investors, like 100%. And they there wouldn't be any kind of like a founder's reward to speak of, and the whole team will get their payment in tokens. So they become actually also investors. So this kind of like a way to make it as decentralized as possible. But whenever you're dealing with real-life assets, there has to be a certain degree of centralization because somebody actually needs to go there and hire those companies to build those plants. So this is our governance model. Any questions about that? I'm also— after this, I'll be available, so if anybody wants to learn more, I'll be happy to go into detail. But to expedite the process here, maybe we move on.
