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EXECUTIVE SUMMARY
Dear Solareum Inc. Community,
We hope this message finds you well and you are equally excited about the journey ahead. It's been a little while since our last major update, but today marks a significant turning point in the Solareum journey. We understand that anticipation often accompanies major updates, and we appreciate your patience and trust in our vision for the future.
Effective immediately, our company, Solareum, will be proudly referred to as "Solareum Inc." in all formal contexts, and our philanthropic arm will be known as "The Solareum Foundation." This change signifies a significant step forward in our journey towards even greater professionalism and a stronger corporate identity. We want to assure you that when speaking casually or in informal settings, you can still use the familiar names Solareum or The Foundation as you always have. We are genuinely excited about this evolution in our company's identity, and we're grateful for your understanding and cooperation.
At Solareum, our dedication to building a sustainable future remains unwavering. We believe that our commitment to this mission will become increasingly evident as we share our plans with you. We couldn't be more excited!
Recognizing that our current roadmap no longer aligns with the direction Solareum is heading, we'd like to provide some context. Our initial roadmap was crafted during a time when the efforts were primarily exploratory, with no direct vision of what Solareum could become. While renewable energy has always been at the heart of the mission, we now find ourselves on a different path as a company. A much bigger and exciting journey than ever thought possible.
We've taken a proactive approach to safeguarding our intellectual property (including technology patents, trademarks, and copyrights) and have, or are, establishing multiple legal entities across various geographies. All of these things take a considerable amount of time to put in motion and ultimately secure. In addition, we're making substantial enhancements to our technology stack, positioning Solareum for even greater success as a thriving Web2/Web3/Industry 4.0 enterprise. As we slightly postpone the testnet to Q1 2024, we're proud to announce that we're now well-prepared to secure our legal positions, properly set up Solareum, its key Commercial Partnerships, The Solareum Foundation, and ensure the protection of our valued community's investments. This strategic move reflects our commitment to building a resilient and prosperous future together.
Furthermore, our commercial partnerships have emphasized the importance of technology alignment. Their input has played a pivotal role in shaping the order in which we develop various aspects of Solareum. Currently, our primary focus is on building front-end , commercial ready User Experiences including data analytics tools, Renewable Energy Dashboards & a state of the art blockchain explorer. This approach allows Solareum to deliver a market-ready product that meets the demands of the renewable energy sector, and opens more commercially focused initiatives. This process is already underway and we will be sharing some proof of concepts/product demos in the next 30 days.
As we move forward, we want you to know that we remain dedicated to our mission of creating a brighter, sustainable future for all. We appreciate your ongoing support and understanding as we adjust our course to better serve our community and partners. Together, we're building a solid and well-planned future for Solareum Inc., one that aligns with our values and our vision for a greener world.
Thank you for being part of this exciting journey.
SOLAREUM INC. BUSINESS MODEL
Pioneering Sustainable Innovation In a world grappling with the dual challenges of climate change and data security, our company stands at the forefront of innovation. Our unique business model marries two seemingly disparate concepts – blockchain technology and renewable energy. In this formal blog post, we discuss our core values and the various components that constitute our dynamic business model.
1. Blockchain & Renewable Energy Integration
At the core of our business model stands the integration of blockchain technology with renewable energy generation. This distinctive combination is more than buzzwords; it's a groundbreaking approach that offers a sustainable and secure method for validating blockchain transactions. By anchoring the blockchain to renewable energy, we bring transparency and accountability to the forefront be leveraging our unique blockchain applications.
2. FPGA Hardware & Software Licenses
To further bolster our commitment to green technology, we will assist with best practice service delivery of FPGA (Field-Programmable Gate Array) hardware loaded with our proprietary software algorithms (on VHDL or Verilog enabled FPGAs). These algorithms support Proof of Generation™ off-chain. Businesses and individuals alike can utilize this hardware to integrate a green blockchain solution into their processes, contributing to the overall transition towards sustainable energy solutions. For those who already have reconfigurable FPGA hardware, we will subscribe our license to our algorithmic software, ensuring seamless integration.
3. Corporate/Consumer SaaS (Software As a Service)
In our quest to make renewable energy data accessible and actionable, we are developing web and mobile applications that provide corporate/consumer dashboards. These interactive dashboards offer businesses and consumers a user-friendly interface to visualize their energy generation, consumption and other available metrics in real-time. The dashboards cater to a wide range of users and requirements, with tiered subscription plans - Basic, Pro, and Enterprise - that can be customized based on the number of users and feature sets required. This SaaS solution empowers users to make data-driven decisions, optimize their energy footprint, and contribute to a greener future.
With each tier bolstering different feature rich, data driven analytics along side a cutting edge UX/UI, we are equally excited at the prospect of integrating the technology to ELIXR's (see announcement below) vast portfolio in green energy data/technology to provide an even more enhanced user experience to our enterprise customers.
Viewable demos of this technology will be made public within Q4 2023 and we're extremely excited to share this advancement with you all.
4. Blockchain Transaction Fees
Just like other blockchain platforms, our layer 1 network will charge transaction fees for on-chain transactions. These fees, while contributing to our revenue stream, are essential to maintaining the integrity of the blockchain network and supporting its continuous growth.
Our business model is a testament to our commitment to sustainability, innovation, and security. By fusing blockchain with renewable energy, we not only create a robust and transparent ecosystem for transactions but also contribute to the global shift towards cleaner and greener energy sources. Our FPGA hardware and SaaS offering further exemplify our dedication to providing comprehensive solutions that empower businesses and individuals to make informed decisions in the realm of renewable energy. As we charge forward with our groundbreaking approach, we remain dedicated to creating a more sustainable and secure future for all.
SOLAREUM LAYER 1 - TOKENOMICS OVERVIEW
The present ERC-20 version of Solareum ($SRM) will continue to run as is and continue auto mining under the current contract until the Total Supply of 100,000,000 $SRM is in circulation. At that point, all 100,000,000 ERC-20 $SRM are considered fully mined, and will be accounted for in the migration to Solareum Layer 1. At that point, the ERC-20 SRM Token will be decommissioned and a wrapped SRM created on ERC-20.
As Solareum L1 launches and is producing its first blocks, 56.3% of $SRM will be bridge-claimable to public $SRM holders. This corresponds to all $SRM, which are not the top contract addresses, which will continue operating as per usual on Ethereum. Upon launch, all holders (excluding the team contract addresses) will receive $1:$1 value of the layer 1 $SRM, with any excess allocation being vested over the course of months (further details coming in whitepaper update, per roadmap).
Solareum GNOSIS SAFE Multisig Wallets (current):
0x5Bf7A...f62bE (27.241M SRM)
0x386Dc...42b96 (9.472M SRM)
0x234b3...1f876 (1.621M SRM)
Uniswap Router:
0x1637d....fea2c (5.366M SRM)
* Solareum layer 1 will Mint the following $SRM:
~ 100,000,000 $SRM Initial Premine for:
22,500,000 SRM - Solareum Inc./Solareum Foundation (Partnerships, Marketing, etc) 56,300,000 SRM - ERC-20 Bridged SRM claimable by public11,000,000 SRM - Liquidity for CEX/DEX 10,200,000 SRM - Block Rewards Booster for Solareum NFTs
Genesis circulating: ~100,000,000 SRM ~ +100,000,000 $SRM additional mined over 10 years (as per Block Rewards)
Total Max supply: ~200,000,000 SRM
Layer 1 Proof-of-Hold & Proof-of-Generation fees/block rewards:
Initial transaction fees calculated pro-rata to 1 SRM = 1,000,000,000 srmgwei. With a constant block reward rate for 1 year, and then decreasing block rewards over future years until max total supply is reached with a total of 200,000,000 $SRM to exist over the duration of minting.
In any given block the rewards would be distributed according to: (Validator_1 Coefficient) * Validator_1 + ... + (Validator_N Coefficient) * Validator_N
Where 1 = Validator_1 Coefficient + ... + Validator_N Coefficient, and provide the weighted rewards proportionality of validation occurring due to that validator.
Each block the validator coefficients will vary assuming non-constant activity, so the rewards a validator can expect will not be a fixed number as it will depend variably upon the proportionality of their contribution toward validating the network.
* The above description of Solareum layer 1 tokenomics is proportional to current calculations in effect, and subject to change- dependant on state of liquidity, market cap, and circulating supply of current timestamp, ERC-20 SRM token.
Note: Further mathematical analysis of the tokenomics overview above will be detailed in the next iteration of the official Whitepaper which is currently under way as noted in the roadmap below.
INCORPORATION, PATENT, TRADEMARK & COPYRIGHT
As most of our community are aware, we've been discussing these important topics over time, and today, we're excited to provide you with some insights. However, please remember that we don't make any definitive announcements until everything is fully completed. With that in mind, we're delighted to share the following:
Exciting News on Our Patent Journey!
We are pleased to provide you an update on our progress regarding our core patent. Our dedicated team has been working closely with our expert IP lawyer who specializes in blockchain and technology patents. The great news is that we're on the verge of finalizing our main patent for our exclusive technology.
For those who may not be familiar with patents, it's important to note that you can't patent a name or a phrase. What you can patent is the unique technology that underpins your technology offering. In our case, our talented core team has meticulously crafted and developed all aspects of our technology from scratch. This puts us in a strong position to navigate the patent process and bring it to a successful conclusion. Updates will follow throughout the process.
Trademark and Copyright Updates
In addition to our patent endeavours mentioned earlier, we've been diligently collaborating with not one, but three experienced IP lawyers to secure specific trademarks that will be proudly owned by Solareum Inc. While we would love to share all the intricate details of what we've filed for and the geographic regions involved, we must prioritize the success of these efforts.
Rest assured, we are in a significantly positive position in each region for our filings, with no conflicting trademarks detected during the comprehensive searches conducted across various government databases by our legal team. We're eagerly anticipating the final outcomes of these processes, which as you know, do require some time to be fully realized. We CAN share that we have secured the following however, and we are excited about this! PROOF OF GENERATION™ - ENS: ProofofGeneration.eth
Our main contract address is the proud owner of this awesome ENS domain.
PROOF OF HOLD™ - ENS: ProofofHold.eth
THE SOLAREUM FOUNDATION - ENS: TheSolareumFoundation.eth
We already have plans for these additional .ens names. Stay tuned!
PROOF OF GENERATION™ - DOMAIN: ProofofGeneration.com PROOF OF HOLD™ - DOMAIN: ProofofHold.com
THE SOLAREUM FOUNDATION - DOMAIN: TheSolareumFoundation.com
Currently, we have forwarded these domains to SolareumL1.com. We will leverage them at a later date for some things we have in the works. Stay tuned for more.
Incorporation
In addition to the incorporation in Dubai, UAE (Registration #: ICC20230595), Solareum Inc. is in the process of obtaining an incorporation in Canada. This next step further solidifies our presence in the North American landscape and allows us to register, and operate as a legal entity within North American trade. This opens further opportunities for us to penetrate additional Global markets; already expressing interest.
ELIXR & SOLAREUM - PARTNERSHIP ANNOUNCEMENT
We are INCREDIBLY excited to have entered into a long term, very strategic, commercial partnership with the ELIXR family (greater public announcements and PR coming in regards to this within weeks).
ELIXR LABS LIMITED:
Web: https://elixr.earth
About Elixr: Read more here
Elixr is a venture builder that specializes in raising ESG investment and building next generation technologies. Our teams extensive relationships brought us together and working alongside Catalina & Joseph has been an absolute pleasure. From conceptualization, proof of concepts, go-to market strategy, straight through to the layer 1 mainnet launch, the technology that we will leverage to build is simply world class. Interactively, ELIXR will lead us to a place where no one else in renewable energy has journeyed. We are already building out an extensive roadmap for our new website, given everything we are sharing today.
Elixr's commitment extends far beyond typical business endeavours. They are deeply passionate about shaping a sustainable tomorrow through focus on Climate Tech, LiDAR, Digital Twins, Social Decarbonization, Sustainable Finance, Policy, and Live Data. Solareum is proud to join forces with Elixr as we embark on an inspiring journey towards an interactive blockchain based on renewable energy generation. Together, we are paving the path to a future that's not just green but also more interconnected. Our collaboration with Elixr promises a groundbreaking interactive HMI/CGI developed website, SaaS solutions, mobile applications, and meta(connected) landscapes. Join us on this incredible development phase as we lead the way in the renewable energy industry, hand in hand with visionary leaders at ELIXR.
COMMUNITY, MARKETING & SOCIAL MEDIA
The Journey of Solareum: Past, Present, and Future
At Solareum, we believe in a future where blockchain technology transforms the world into a more transparent, equitable, and sustainable place. Our journey from inception to the present day is a testament to the dedication and passion that drive us forward. As we embark on the path ahead, we'd like to share a public address on all things SRM – from our organic growth and expanding admin team to our flourishing ambassador program and expanding social media reach. Here's a glimpse of our remarkable journey:
Organic Growth
From our earliest days, we've placed a strong emphasis on organic growth. We believe that building a strong foundation is critical to long-term success. This commitment has enabled us to steadily develop our network, expand our reach, and bring more like-minded individuals into the Solareum family. It's not about quick gains; it's about building a movement that stands the test of time.
Ambassador Program
Collaboration is at the heart of everything we do. Our unique ambassador program has been a cornerstone of our success. We're proud to work alongside influential figures who share our vision. Ambassadors like Crypto Alucard , GandalfCrypto , HypeManAlex , Zen Racoon , Crypto Architect , Naha Investor , SnoopMiner , PaoloG.mtrg , Sir Ismail , Ooohmat , with their extensive reach and influence, have helped us connect with diverse audiences globally and spread our message of sustainability and innovation.
Expanding Social Media Reach
In an increasingly digital world, our social media presence is a powerful tool for spreading the Solareum message. We've worked tirelessly to expand our social media reach, sharing news, updates, and educational content with our growing community. Platforms like telegram and X have become pivotal in engaging our audience and raising awareness about our cause, with our Solareum X page reaching well over 6,000 followers & Our telegram group approaching 2,500 members. Platforms like TikTok have allowed us to reach audiences of over 450,000 followers through collaborations with influential figures like JollygreenInvestor. YouTube has also been a key avenue of influence, featuring review videos with renowned crypto experts like CryptoZeus , Joe Parys and Michael Wrubel.
The Road Ahead
Our dynamic concept of The SURGE events, which we've successfully executed, is a testament to our innovative spirit. These intensive week-long periods are packed with announcements and strategic marketing, and we're gearing up for more.
As we look ahead, we see a future filled with opportunities. We are committed to expanding our impact, furthering our commitment to sustainability, and pushing the boundaries of technology to reach eyes all over the world.
The monumental London & Amsterdam Takeovers initiative, with billboards in the heart of London & Amsterdam, are just some example of how we aim to reach new horizons and connect with diverse audiences.
Additionally, Solareum will take the spotlight in digital billboard campaigns across the entire planet, in collaboration with Geometric Energy Corp for an exclusive blockchain feature in the upcoming space art displays by Your Time In Space, which will be launched in partnership with SpaceX!
Solareum is embarking on an exciting journey with its strategic partnership with Elixr. In the pipeline, we are set to roll out a comprehensive social and PR strategy, bolstered by robust community management practices. Our mission includes expanding our digital footprint on Discord, LinkedIn and Instagram to enhance our online presence and create valuable connections. Moreover, we are proactively pursuing targeted Business Development opportunities, encompassing speaking engagements, awards recognition, podcast features, event participation, and sponsorship collaborations, to solidify our position as a pioneering force in the blockchain industry.
Solareum is more than just a company; it's a movement. It's a community of people who believe in the transformative power of blockchain technology and the importance of sustainability. As we continue to build, grow, and expand, we extend our heartfelt gratitude to our community, partners, and supporters. Together, there are no limits to what we can achieve, and we appreciate having you with us every step of the way.
SOLAREUM PARTNERSHIP PROGRAM
We're absolutely delighted to announce that we're now welcoming partners to join our amazing community at Solareum Inc. and The Solareum Foundation. Whether you're involved in blockchain technology or are passionate about contributing to a not-for-profit cause, we invite you to become a part of our journey.
If you believe that you or your organization aligns with our vision and share our passion for renewable energy and creating a bright future for our youth, we're eager to connect with you. Please head on over to the program application form and send along your details.
Together, we can make a real impact, and we can't wait to hear from individuals and teams who are as passionate about our mission as we are!
SOLAREUM MERCHANDISE STORE
Announcing that the Solareum Merchandise Store is on its way, and it's going to be out of this world! We've been working tirelessly to bring you a curated collection of eco-friendly, stylish, and sustainable merchandise that aligns perfectly with our vision for a greener future.
Stay tuned for the grand reveal, because your chance to wear your commitment to renewable energy and sustainability on your sleeve (literally!) is just around the corner. Get ready to shop your heart out while making a positive impact on the planet. Solareum Merchandise is coming soon!
ROADMAP SUMMARY
We are excited to present you with an updated Roadmap that reflects our current progress and direction, taking into account the substantial details we've shared. In alignment with our commitment to transparency, we want to inform our community that a comprehensive and interactive Roadmap will be featured as part of our website redesign. While we understand that delays can occur due to various factors, we believe that the essential elements have been thoughtfully incorporated in the following roadmap update.
Q4 - October 1st - December 31st, 2023
Q1 - January 1st - March 31st, 2024
Q2 - April 1st - June 30th, 2024Q3 - July 1st - September 30th, 2024
Q4 - October 1st - December 31st, 2024
NOTE: Our Solareum roadmap is adaptable and responsive to change. The items listed are not fixed in a strict order and may happen at different times. We promise transparency and will keep you informed of any significant updates. Your support and involvement are vital as we journey together.
