One of the biggest problems in regards to energy these days is the fact that there is so much of it needed to fuel modern society. Meanwhile, the efficiency is not nearly as high as it could be, which is why a large portion of energy gets wasted. To try to combat the issue, energy efficiency and emission reduction became a huge goal of many industries, including the crypto/blockchain industries.
There are multiple projects out there that are designing new ways of energy reduction while keeping the efficiency on the same level, or improving it further. Heating is, obviously, a very big part of it, and crucial for survival. Experts in various sectors are attempting to bring new, innovative solutions, and as mentioned — these efforts also entered the blockchain industry, with Saiterm currently being one of the leading projects in this area.
Saiterm has a goal of developing new, cutting-edge technology products designed to reduce energy emissions and consumption. The company's technical staff has decades of experience, and they have been the leaders in this technology ever since the company was founded.
Their main goal is the interior heating sector, particularly when it comes to homes and offices. To that extent, they developed SPRING heating system, which they use as a practical example of what they can do.
The company had recently decided to start a crypto initiative as well, dedicated to the same goal. With that in mind, they have developed their own token, SAIEX, which is currently holding its year-long ICO.
As mentioned, Saiterm ICO is currently on-going. It started back on December 1st, 2018, and it will end on December 31st, 2019. The token, SAIEX, is created on Ethereum's network as a utility token. Its price is $1 per token, and interested investors can purchase it in exchange for fiat currencies, as well as for a number of cryptos, including BTC, ETH, LTC, DASH, XRP, and XMR.
The minimum investment is $10, in exchange for which the investors would receive 10 SAIEX. The project already has a working MVP, a bounty, as well as a bonus. It is registered in Malta, and there are no reported restricted areas. In other words, anyone who wishes to participate in the ICO is welcome to do so, provided that they go through a KYC procedure.
Finally, the project is offering 50 million units for sale. While the ICO is already halfway through — there was no announcement regarding the soft or hard caps.
|Pre-Ico Start date||July 17, 2019|
|Pre-Ico End date||July 17, 2019|
|Start||December 1, 2018|
|End||December 31, 2019|
A solution like Saiterm's Spring Heating SHS 345W would have been great for a small town that is located near some huge mining farm, which would have made the farm much more efficient. However, it can be rendered virtually useless as a mining device when installed in individual homes. The mining power of 2 SAIEX per month is laughable, it's currently less than a cup of coffee at Starbucks. I will consider buying this heating/mining system only when the price of the SAIEX token reaches at least $50.
N1ckk June 19, 2020 Reply
The house heating solution provided by Saiterm seems to be viable, though not ideal. I know plenty of similar companies that offer more advanced heating installation at a slightly cheaper price. But, of course, they don't have the crypto mining option, which is one of Saiterm's strongest selling points. Should they reduce the price a bit, the interest in their product will rise instantly.
NEO_Fan May 21, 2020 Reply
I don't really care much for people who are bashing Saiterm for promising a pathetically low mining output of roughly $10 a month. They need to understand that this product is not about mining or profiteering - it's about keeping your house warm thanks to the use of a sustainable source of heating energy, while a small amount of tokens just come as icing on the cake.
Potato Coin February 23, 2020 Reply
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