Frequently Asked Questions
What if Something Happens to Crypto?
The fact that we have just entered a bear market is a wonderful thing for our project and crypto is most definitely here to stay. If you are used to crypto you know this has happened before but with the number of coins being mined and held the blockchain will retain value for a very long time.
If we were to have started a project like this when prices were inflated in April 2021 then this project would have failed in its use case simply from BNB price movement. This is the time to invest in crypto when others are worried and the wonderful thing is that Solar Moon creates an excellent return even without an increase in price.
What if Mining Becomes Less Profitable?
Mining will always be a part of the blockchain even if it is simply that one coin becomes more profitable to mine than another.
The amazing thing about running our mining operations with solar is even if mining became completely obsolete, we would be able to sell the energy back to the utilities to fill the local communities with clean solar energy. We even have the option to partner with other businesses and sell the energy to them directly! We would be able to collect 6-7.3 cents per kwh on top of the incentives which more than cover the cost alone.
What is the Timeline for our First Solar Mining Project?
We have all of the connections and plans to complete our first solar mining project within 6 months of our launch on the Binance Smart Chain Network.
With the help of local realtors we will be able to purchase a piece of land in a remote area for a reasonable price within the first 2 months of launch.
Once our land is purchased we will apply through the state for our funding as well as our local utility for interconnections approval. We will need to submit a load calculator which will show our projected energy usage based on our mining equipment. This will be reviewed by the utility along with our solar design to ensure we are using the right size system for our project. These two approvals typically come back within 2 weeks.
While we are awaiting approvals from the state and utility company we will be applying for a ground mount solar array permit to the township in which we have purchased our land. This will typically take about a month and a half to receive back from the township. Once we have the permits back we will be ready to install our first solar array.
At this point in the process we will be about 3 1/2 - 4 months past our presale. We will then simultaneously begin the installation of our system as well as purchasing the graphics cards and housings for our mining equipment. We have already started the process of testing out multiple overseas graphics card wholesalers for price and efficiency as we create this site. We will be prepared to purchase our equipment and set up our rigs in low cost pole barns or used shipping containers that will be constructed along side our solar system.
6 months after our launch we estimate that the solar system install will be complete as well as having our mining operations set up on the same property. At this time, we will be able to begin our mining operation and start to pay returns to our Solar Moon holders.
This Timeline is based on approval processes, and potential timeframes. There is no way to know for sure how long certain parts of this process can take. We keep our community up to date with the development of all sides of our project to keep everybody informed.
Binance Smart Chain Tokenomics
There is a 10% total fee per transaction of Solar Moon
- 2% is liquidity locked to sustain the value of Solar Moon.
- 2% is redistributed to holders based on the amount of tokens they hold to reward our community for holding and seeing through their investments in our solar mining operations.
- 6% of each transaction is sent directly to our community wallet (5% is used solely for the development of our community solar mining projects, 1% is used for marketing to grow the Solar Moon community).
Polygon Network Tokenomics
Currently there are 100 Million Solar Moon on the Polygon Network. 10 Million Tokens are in the circulating supply and more will be released over time in order to create the possibility for a stable increase in liquidity. There are currently no fees on this blockchain, it is currently still under development to be integrated into our ecosystem and not live to trade. We will be starting of the trading of our token with an airdrop of 5 million tokens to our community, community members will sign up with our landing page that is coming soon.