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Light DeFi’s Photovoltaic Plant: First Plant Located at São Luis do Curu, in the state of Ceará, Brazil

São Paulo, December 18, 2021 – Light DeFi (LIGHT) is a token developed by the Blockchain Smart Chain (BSC) network. The LIGHT cryptoactive represents the tokenization of renewable energy production initiatives.

In a short time, Light DeFi has also received an essential certificate from Certik, the company responsible for auditing platforms such as PancakeSwap, Binance, and Polygon.

The LIGHT token has achieved great recognition in the market by being listed on CoinMarketCap, considered the world’s largest platform for checking the price of cryptoactives in the market. Through CoinMarketCap, Light DeFi has already reached four times the top ranking of the best daily results among the tokens listed on the site.

Sustainability

Light DeFi’s project is ambitious and intends to develop the first photovoltaic plant with a 5 MegaWatt (MW) production capacity. The first module will have an initial capacity of 2.5 megawatts.

The photovoltaic plant planned by Light DeFi will be financed with the token’s network fee, which uses a proof-of-stake mechanism to complete transactions. Right after the construction of the project’s first module, which will have the capacity to produce 2.5 megawatts (MW), the developers’ forecast is to expand the energy capacity to 5 MW in the second expansion phase of the photovoltaic plant. The plant will have an installed capacity of 3445 kWp, comprising 6,380 540 W PV modules, 220 trackers, 20 inverters of 125 kW each, and a unitary substation. Annual revenue of $ 500 thousand is expected to be generated.  It is estimated that, in the first part of the project, around 80 jobs will be created.

Located in São Luis do Curu, in the state of Ceará, Brazil, the land is on the margins of the BR-222 and has a total area of 17 hectares. Considered a 100% legalized area, the land has environmental licensing and is deemed regular, without any impediment to starting the works of the photovoltaic plant.

In addition to part of the fee charged by Light DeFi’s network, the token’s photovoltaic plant will be financed by the electricity produced through the innovative project. Of the total revenue from the photovoltaic plant, 50% will be used to install new energy production modules.

Another 30% of the revenue will be earmarked for the process of purchasing and redistributing Light DeFi (LIGHT) tokens, which can guarantee a permanent liquidity process for the token. After purchase, these tokens will be redistributed proportionately to Light token holders.

Safety

To show the transparency of this project, the Smart Contract that brings Light DeFi to life was made available before the official release of the token. In addition, the developers made an initial contribution of 30 BNB (Binance Coin) into a liquidity pool for Light DeFi.

Light DeFi works with a locked liquidity pool. The liquidity was locked ten minutes after the official launch of the token on the market, with approximately 200 thousand dollars in BNB.

Light DeFi was released fairly, with no token distribution.100% of the supply was made available to everyone at the moment of the launch. This way, there is no risk of eviction by the team. To strengthen the security of this project, Light Defi hired a group of lawyers specializing in solar energy to create the white paper for the token.

The main goal of Light DeFi’s project is to provide clean energy. Starting this journey in Ceará, Brazil but looking to work on this idea worldwide, in the soon future, especially following the ESG concepts and supporting goals of the 2030 Agenda.

About Light Defi: 

Light DeFi is a crypto asset created on the BSC (Binance SmartChain) to revolutionize the renewable energy sector building photovoltaic plants, gathering the concepts of sustainability and Decentralized Finances (DeFi).

Created on August 8, 2021, in a short time, Light DeFi has also received a vital certificate from Certik, the company responsible for auditing platforms such as PancakeSwap, Binance, and Polygon.

The LIGHT token achieved remarkable recognition in the market by being listed on Coinmarketcap, considered the largest platform globally for the verification of the price of cryptoactives in the market. Through CoinMarketCap, Light DeFi has already reached four times the top ranking of the best daily results among the tokens listed on the site.

Media Contacts:

Name: Bruno Daniel Zorzetti 

Title: CCO

Website: www.lightdefi.org

Email: [email protected]

Telegram: https://t.me/lightgroup_eng

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