São Paulo, September 6, 2021 – Light DeFi (LIGHT) is a token aimed at developing sustainable energy, which will use blockchain technology to produce solar energy through the construction of photovoltaic plants in Brazil.
Soon, the first photovoltaic plant of the LIGHT token will be built, with an initial energy power of 1 Megawatt (MW). With this production of clean energy, the photovoltaic plant could supply 550 homes.
The project is accelerated, and a company to analyze the technical feasibility of the photovoltaic plant was recently hired by the token’s developers. With the project in
hand, the next step is to acquire land in Bahia, where Light DeFi’s first photovoltaic plant will be established.
“With just twenty days of launching Light DeFi in the cryptoactives market, we have already hired a company to do all the technical feasibility of building the photovoltaic
plant. This company will deliver a project practically ready to start construction. Everything indicates that in twenty days, the project will be delivered. After that, we will visit the land in Bahia, where we will develop the first energy module created by our token”, highlights the developer of Light DeFi, Germano Sales.
Expansion to 3 MW
Light DeFi was officially launched on August 8, 2021, in the cryptoactive market, and in less than two hours, it reached R$14 million in transactions through PancakeSwap.
About to complete a month, the token achieved remarkable recognition in the market by being listed on CoinGecko, considered one of the largest platforms in the world for the verification of the price of crypto actives in the market.
In addition to CoinGecko, Light DeFi was recently listed on the Coinpaprika platform, where users can check general information about token pricing.
Light DeFi has also received a vital certificate from Certik, responsible for auditing platforms such as PancakeSwap, Binance, and Polygon in such a short time. Contracted in less than 48 hours after the token launch, Certik’s audit certificate reinforces the seriousness of the Light DeFi project.
The token’s network fee will finance the photovoltaic plant planned by Light DeFi. Right after the construction of the first module of the project, the forecast of the developers is to expand the energy capacity to 3 MW.
With this expansion to three solar energy production modules, Light DeFi’s first plant can achieve energy generation equivalent to supply 1,650 homes.
“The first stage of Light DeFi’s photovoltaic plant will have an energy capacity of 1 MW. But, in the technical feasibility project, an expansion to the production of up to 3 MW is planned,” says Germano Sales.
Light DeFi’s project is ambitious and intends to develop a photovoltaic plant with a production capacity of up to 200 MegaWatts (MW), resulting in the production of energy to supply 110,000 homes.
With this production, Light DeFi can still negotiate the excess production of electricity. Currently, 200 MegaWatts would yield approximately R$20 million monthly for the token.
In addition to part of the fee charged by Light DeFi’s network, the token’s photovoltaic plant will be financed by the electricity itself produced in the innovative project. Of the total net profit of the photovoltaic plant, 50% will be used to install new energy production modules.
Another 30% of the profit produced by the photovoltaic plant will provide liquidity for the purchase of Light DeFi in the market. After purchase, these tokens will be redistributed in proportion to the LIGHT token hodlers.
Speaking of which, the team at Light Defi is sponsoring a sweepstake to celebrate their 1st month on the market, in which the participants have a change of winning 1.3 BNB.
It’s fairly simple to participate in the sweepstake. All the participants need to do is to follow their telegram group and social media. As you proceed to the official site, if you scroll down you will find a button to get started, and fill out the required information such as wallet address you’d like to receive the BNB. The ending period to enrol is on the 15th of September, and winners will be announced until the 18th of September, 2021. You can also click on the image below if you’d like to enrol now.
Pix and DeFi
Light DeFi (LIGHT) was developed through the Binance Smart Chain (BSC) blockchain network. Like the main Decentralized Finance (DeFi) projects in the market, the token uses a Proof-of-Stake mechanism (proof of participation) to complete its transactions via smart contracts.
A pioneer in the cryptoactive market, the token is one of the first blockchain projects in Brazil that integrates DeFi with the banking system through Pix. The token announced the novelty thanks to the acquisition of an API developed by Rocelo Lopes from CoinBr. With the API, the purchase of Light DeFi can be made through the token website.