São Paulo, Brazil – 22nd June, 2022 – LightDefi, the biggest crypto-environmental project in Latin America, has just announced one of the most awaited news since the announcement of its roadmap, in the first half of 2021. Now, the land acquired in the rural area of São Gonçalo do Amarante state of Ceará, in an area bordering the municipality of São Luís do Curu, had its public deed drawn up and registered at the notary’s office.
The first photovoltaic power plant of the Light project will be built in the registered area. The undertaking will have an output of 2.5 megawatts and will generate 5.5 million kWh/year, enough energy to supply more than 2,500 homes. The project also has the goal of expanding production to 200 megawatts.
After the expansion, the plant will produce enough clean energy to supply more than 200,000 homes. The initiative will rid the atmosphere of more than 25,000 tons of CO₂ emissions per year.
Brillacom will allocate 30% of the net profit, generated by the plant, to purchase Light DeFi tokens that will be distributed among holders as cashback and 50% will be earmarked for the construction of new plants.
In addition to the physical document, the deed was registered on the blockchain BNB Chain (formerly Binance Smart Chain). According to the project developers, this would be the world’s first blockchain registration of a deed to a plot of land for photovoltaic power generation.
Interestingly, when analyzing the original deed documentation forwarded to the press, we can find the hash of the non-fungible token created for registration.
The Light DeFi token is available on the BNB Chain, Ethereum, and KCC networks.
But what project is this?
The Light project is focused on fostering the use of energy generated by renewable sources. The initiative belongs to Brillacom, an international company based in Uruguay that makes investments in the areas of blockchain and sustainability.
The project’s ecosystem includes the Light DeFi asset, the new Light Minner token, the Light Bank a digital bank, the Light X and Light Dex exchanges, and the Light Energy Drink. The energy drink is a strategy for the project to increase its reach among young people, influencers, and gamers.
The project is audited by Certik, the world’s leading company for the analysis and monitoring of blockchain protocols and DeFi projects. Another achievement was the receipt of the Absolar partnership seal, issued by the Brazilian Photovoltaic Solar Energy Association. In addition, the project recently signed the Crypto Climate Accord, becoming a signatory to the agreement.