WindMine – ICO Detailed Information

WindMine: Tokenized Renewable Energy Production

The utilization of renewable energy for cryptocurrency mining has become something of a trend lately. Just a quick reminder that renewable energy is the type of energy that is obtained from renewable sources, such as water, sunlight, and wind. Global society is gradually moving away from using energy derived from fossil fuels, towards more eco-friendly options.

However, this process can go both ways, which means that digital tokens can become the lifeblood for a company that produces clean energy and then puts it on the grid. This company is called WindMine and it plans to erect several wind farms across Northern Europe, primarily in the Baltic countries, to produce electricity which will be subsequently sold to the leading European suppliers, the Nord Pool Group in particular.

Company information

WindMine is a Latvia-based subsidiary company of WindMine AG, a holding company headquartered in Lichtenstein. The primary objective of this entity is to build the facilities for the production of electricity from renewables in the Baltics (Latvia, Estonia, Lithuania), a region that is considered the “energy heart” of Northern Europe. The first such sight accommodates 15 powerful wind turbines located near the city of Liepaja, Latvia, in direct proximity to the Baltic Sea. 

The business model of WindMine stipulates for the production of 100% renewable energy which is then sold to Nordpool Group, which represents one of the biggest markets for electrical energy in Europe.

Token economics

The WindMine project introduces the proprietary security token called WMD. By holding a certain amount of this token, the investors are subject to receiving interest payments for the next 10 years. At the end of this period, the investor will receive back the initial amount which he devoted to the project, or convert it into the actual equity of WindMine AG. Owning the tokens also grants an opportunity to become a shareholder in the parent company.     

The WindMine team

• Kaspars Zvaigzne. The founder and CEO. A specialist in the area of telecommunications who has decided to try his hand in the area of renewable energy production. Prior to founding WindMine, Zvaigzne was the board member at Api Connect and worked as a managing director at Sporta Agentura, both Latvian companies.
• Kristas Stepanovs. The co-founder of WindMine and an established expert in the field of renewable energy and environment. However, judging from his professional profile, this specialist’s main interest lies with the company called Capital Solution, thus making WinMine a side project.

Social media presence

Like most startups, WindMine is present on all major social media platforms, such as Facebook, Twitter, and Instagram. However, it appears that they are relatively popular only on Telegram, where they have 394 members and a growing audience. As for the project’s performance on other websites, it can be characterized as poor. Only 198 followers on Facebook and 112 on Twitter brings WindMine very close to the ranks of “unpopular” startups. Despite that, the project displays decent activity, posting relevant content on a regular basis.

STO details

The sale of WMD tokens will last until September 1, or till WindMine reaches the hardcap of 65 million EUR. The softcap is established at 25 million EUR. The price of 1 WMD is 1000 EUR with that being the minimum investment threshold. The project accepts only Ethereum. All investors must be whitelisted and pass KYC. There is no information regarding the restricted areas.

Author: Alex Paulson for Crypto-Rating.com