It took just 60 hours to mobilize the DasCoin community to pledge €1.5 million’s-worth of DasCoin to Greenstorc (storc.io) – a project creating renewable energy by harnessing heat from the ground (greenstorc.com).
The total funding target for the Greenstorc ICO is €5 million. While the pre-sale offering was available through DASC only, the next funding rounds (One to Four) will also directly accept BitCoin (BTC). There are also plans to accept Ether (ETH) in the later stages
An active, KYC-compliant DasWallet account (daswallet.com) is all that is required to participate in the Das33 project.
How does it work?
To function as a crowdsourcing platform, Das33’s Chain Authority creates units called ‘premium tokens’ on the DasCoin blockchain for each project it supports. Each token represents a potential future value based on the project meeting clearly defined goals.
In the case of the Greenstorc premium tokens, called STORCs, the key performance indicators are the number of sources of power the company creates in the future, and the number of installed megawatts of capacity that these sources can produce.
For each new source of clean energy built, participants will receive the equivalent of €0.01 (1 eurocent) in DasCoin every quarter that the energy source is operational, rain or shine, for every STORC token held.
On top of that, for every new megawatt of production capacity installed by Greenstorc, participants will receive a one-time extra premium of €0.01 (1 eurocent) in Dascoin for each STORC token held.
“Our concept of premium tokens is a genuine innovation,” says DasCoin CEO Michael Mathias. “They are neither a utility nor a security token – but a smart contract. The “If-then” logic of computer code in the form of a token – if ‘this’ company achieves ‘this’ milestone represented by KPIs that I can as a participant verify, then the company will transfer a certain premium to the token holder.”
“This is auditable and verifiable. It is one of the reasons that the blockchain was created in the first place – to create a format of token like this. We believe it does not conform to utility or security token dynamics – our premium token is a third category.”