Eco-conscious ventures are looking towards tokenization to drive the renewable energy sector. One such venture is SunMoney Solar Group, which recently sold out its first and second tranches.
Amidst rising mainstream adoption of cryptocurrencies among institutional investors, tokens directly linked to income-generating renewable energy sources have become a source of regular monthly interest.
The tokenization of these assets has transformed investment into eco-friendly ventures into sources of stable income and an approach to guaranteeing secure, transparent, and decentralized transactions.
SunMoney Solar Group is introducing its SDBN3 and SDNB4 after it sold out SDNB1 and SDNB2. According to the venture’s chief of Marketing, Zoltan Rendes, issuing asset-backed tokens for financing eco-friendly projects supports the growth of renewable energy entities and provides individuals across the world with an attractive investment opportunity.
Once an investor buys these tokens, SunMoney Solar Group issues the tokens to the investor’s blockchain wallet. Now that the wallet is non-custodial, such as MetaMask, the investor enjoys complete control of their stake and profit. “What makes our tokens attractive for investments is the promise of regular returns,” Rendes said. SunMoney Solar Group ensures monthly payments are deposited directly into investor wallets.
However, there is more than the promise of financial incentives. When investors purchase these tokens, they give a major push to green investments and contribute significantly to global sustainability efforts. This would not have been possible without the blockchain, and according to experts like Reyes, such efforts will drive a revolutionary decade for renewables. Asset-backed tokens are one of Web3’s and the finance sectors’ most promising trends; combining the trend with advanced solar energy storage solutions will provide efficient and cost-effective renewable energy.
A senior exec at SunMoney Solar Group pointed out that such advancements are vital to reduce wastage of energy and, at the same time, a way to make renewables more attractive and viable for mainstream adoption.
What is SunMoney Solar Group, and what is its token, SDNB?
SunMoney Solar Group has been running the world’s largest community-powered solar programs for the last ten years. It even offered the initial batches of its asset-backed clean energy tokens, the SDBN1 and SDBN2, which all sold out. In November 2023, the third batch was issued, and once it is sold out, the team will kick off the fourth one. Nonetheless, the SDBN3 is already 90% sold out.
The SDNB token is an asset-backed digital asset by SunMoney Solar Group that powers its community and acts as an investment vehicle for investors to back renewable energy projects.
