WHITEPAPER BLOCKCHAIN WITH SOLAR ENERGY

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2 DISCLAIMER CRYPTOCURRENCY MINING AND RENEWABLE ENERGY WHAT IS CRYPTOSOLARTECH? HOW CRYPTOSOLARTECH OPERATES FUNCTIONING MODEL AML MANAGEMENT FOR THE ENTIRE PROJECT ROAD MAP DAO ASSET TYPES A) CRYPTOCURRENCY MINING WHAT DO WE NEED TO MINE CRYPTOCURRENCIES? B) PHOTOVOLTAIC SOLAR FACILITIES TO POOL INVESTMENTS IN SOLAR ENERGY BASIC CONDITIONS HOW TO KNOW THE AMOUNT OF ELECTRICITY THAT A CONCRETE PANEL PRODUCES IN A DETERMINED PLACE? EVALUATION OF TOTAL GENERATED ENERGY PRE-INSTALLATION DESIGN RESULTS STUDY AND POSSIBLE IMPROVEMENTS OPPORTUNITY STUDY QUALITY SPECIFICATION PERFORMANCE STUDY HOW DO BOTH PROJECTS MERGE? ECONOMIC SIMULATION MODEL INCOME MANAGEMENT SMART CONTRACT GOVERNANCE CONCLUSIONS TEAM AND ADVISORS LEGAL ANNEX

3 1 DISCLAIMER The objective of this Whitepaper is to present Cryptosolartech, and CST Token to the possible holders of tokens in relation to the sale of the same. The information set forth below, may not be exhaustive and does not imply any element of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders so they can determine if they perform a detailed analysis of the company with the intention of purchasing Tokens CST. Nothing in this Whitepaper shall be considered as a prospectus of any kind, or an investment request, or in any way related to an offer or request for an offer to buy securities in any jurisdiction. This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction, which are designed to protect investors. CST Token is a utility token. This product is not a digital currency, security, commodity or any other type of financial instrument and has not been registered under the Securities Act, the securities laws of any state of the United States or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident. CST Token can not be used for purposes other than those forecasted in the Whitepaper, including, among others, any investment, speculation or other financial purposes. CST Token is not intended for sale or use in any jurisdiction where the sale or use of digital tokens may be prohibited. CST Tokens does not grant any other rights in any way, including, but not limited to, ownership, distribution (including, but not limited to, benefits), reimbursement, settlement, property rights (including all forms of intellectual property) or other financial rights or legal, other than those specifically described in the whitepaper. Certain statements, estimates and financial information contained in this whitepaper constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events or results to differ materially from the estimates or results implied or expressed in such forward-looking statements. The whitepaper can be modified to provide more detailed information. This whitepaper is in Spanish and is the main official source of information regarding the CST token. The information contained in this document may be occasionally translated into other languages or used in the course of written or verbal communications with existing or potential clients, Tokenholders, etc. In the course of such translation or communication, part of the information contained in this document may be lost, corrupted or misunderstood. The accuracy of such alternative communications can not be guaranteed. In case of conflicts or inconsistencies between these translations and communications and this official whitepaper is in Spanish, the provisions of this original document in Spanish will prevail. 03

4 WHITEPAPER 2 CRYPTOCURRENCY MINING AND RENEWABLE ENERGY LAs technology advances, systems change, and for energies to be profitable and benefit our environment, they reinvent themselves. This is where the project idea stems from, which is divided into two sections that we briefly explain below: In the world of cryptocurrencies, unlike the current monetary system, money is not created, it is extracted, and this is the process we know as Cryptocurrency Mining. The equipment that is used for mining, better known as miners, obtain the cryptocurrencies every so often as a reward, to solve a mathematical problem that allows the operation of the blockchain and the successive union of its blocks. These mathematical problems, use what has come to be called consensus systems, which as a rule base their effectiveness on the so-called "proof of work". The work test, used by most of the cryptocurrency, bases the discovery of new currencies in the award of the systems that have offered greater computing power to the network, which translates into the resolution of a complex mathematical problem, providing confidence and security, all this without having a central Authority. Apart from the machines solving this problem, the energy for these machines to work has become a completely decisive aspect to evaluate the profitability of mining. In the same way as with cryptocurrencies, we have different sources to obtain energy, so that this can be improved and maximized, in addition to collaborating in the maintenance of our environment. CryptoSolarTech, a project oriented towards the development of a clean, ecological and profitable mining, with efficient results, will provide a photovoltaic plant, which will generate power capable of obtaining a performance of kw. A more than generous power to distribute in society, or even to be able to maintain this mining farm. 04

5 3 WHAT IS CRYPTOSOLARTECH? CCryptoSolarTech is a worldwide pioneer project whose objective is the start-up of a farm for cryptocurrency mining located in the south of Spain. Taking advantage of the good weather in Spain that allows obtaining abundant photovoltaic energy that will be used for the start-up of this project. This farm will initially be equipped with equipments will be rented by the participants in the project from the tenure of the tokens. The energy to supply the consumption of the equipment of the farm will be obtained from a solar photovoltaic plant that will be installed in the province of Seville (Spain). The energy produced by the plant will be used to supply the electricity consumption of the mining farm. The users who wish to do so, will be able to participate in the CryptoSolarTech project by renting some of the farm's Asics for their own private mining. To access the rental of the servers, an ICO (Initial Coin Offering) will be launched, which will sell the tokens with which they will be able to access the rental of these Asics. A total of million tokens will be issued to allow the rental of Asics. The tokens will have the name of CrytoSolarToken (CST). All tokens not sold during this ICO will be burned forever. No more CryptoSolarToken tokens will be issued in the future. Therefore, the possession of these tokens implies the direct rent of the Asics (or part of them), that will be permanently mining and generating benefits for the holders of these Asics in rent / hosting mode. Like this, the token holders will be able to use the calculation power of said Asics in the way they consider fit, being able, in the same way, to opt for the Cryptosolartech team to carry out said management. The ICO will have the following fundraising objectives, based on the properties detailed below are what will be implemented and acquired: SOFT CAP: Construction of 6 photovoltaic plants in Cantillana and Marchena, Seville with a power of 620 Kw costing 590,922 - Acquisition of mining hardware worth 74,400 - Price of the Warehouse 121,164 - Project Development 196,746 PHASE PLANT POWER IN MW ASICS FOTOVOLTAICA ASICS WAREHOUSE DEVELOPMENT TOTAL PHASES Cantillana I Cantillana II Cantillana III Cantillana IV Cantillana V Marchena Seville I Jaen Seville II 0,02 0,02 0,04 0,02 0,02 0,5 2, ,88 1,3 1,3 2,7 1,3 1,3 33,3 166,7 666,7 2125, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,00 HARD CAP: Construcción de Fase 1 y 2 - Ccquisition of mining hardware worth ((Two in Seville and one in Jaén), with a total power of 44,380 Kw costing ,578 - Acquisition of mining hardware worth Price of the Warehouse 8.708,835 - Project Development ,253 05

6 4 HOW CRYPTOSOLARTECH OPERATES Cryptosolartech, is a digital asset, whose tenure will indicate the rental of a fraction of a cryptocurrency mining farm and a photovoltaic solar energy plant as mentioned above. Initially, the location of the photovoltaic plant will be in the province of Seville (Spain), and the mining farm will be in Malaga (Spain) in an industrial warehouse already enabled for this activity. Cryptosolartech is a type ERC-20 token that will work on the Blockchain of Ethereum. For this ICO a set of million Cryptosolartech tokens will be launched. The initial value in the first phase will be 0,05 per Token, reaching a maximum value, during the sale of Tokens of 0,10. The purchase of these tokens will be carried out during the ICO process using a smart contract enabled for this purpose. The total distribution of Tokens, the price per phases and the quantity issued per phase are the following: Token Utility Price Total CryptoSolarTech TEAM Pre-ICO ,05 / Unid Phase ,06 / Unid Phase ,07 / Unid Phase 3 0,08 / Unid Phase ,10 / Unid The distribution of the Cryptosolartech fundraising will be as follows: TOKEN HOLDERS MARKETING ADVISORS DEVELOPMENT AND TEAM 06

7 Cs previously seen, Cryptosolartoken is the basic token that will use the Decentralized Autonomous Organization (DAO). This token will be enlisted on the Exchange and has the possibility of being sold and bought. This token forms the basis of the DAO and is an ERC-20 token, so it can be present in the Exchange. Once the DAO is underway, the possession of these tokens, automatically allows the rental of Asics in proportion to the participation in the DAO. These Asics, that will be rented in correspondence proportional to the tenure of the tokens, will generate mining profits that will be delivered to the holders of said tokens with semi-annual regularity. Deliveries of these mining results will be sent automatically to Ethereum addresses in possession of them using ether currency. TOKEN CLASSIFICATION The token classification is specified below according to the CoinStakers classification model, one of the most used. CRYPTOSOLARTECH TOKEN CLASSIFICATION Technical Layer Purpose Underlying Value Utility Legal Status* Blockchain-Native Tokens Cryptocurrencies Asset-backed tokens Usage Tokens Utility Tokens Non-native Protocol Tokens Network Tokens Network Value Tokens Work Tokens Security Tokens (d) App Tokens Investment Tokens Share-like Tokens Hybrid Tokens Cryptocurrencies In summary we obtain the following: Technical layer.- It is a non-native token that will run over Ethereum. Purpose.- It is clearly a token whose specific function is to be used within a specific system such as in this case the Asics rental system. Value.- The token is used as a claim for a specific asset, as in this case the mining Asics. Utility.- It is a usage token, since it has a specific function within the network to allow access to a digital service. Legal status.- It is a utility type token since it generates a utility in the network over a certain application, as it is in this case the mining application. 07

8 5 FUNCTIONING MODEL Cryptosolartech is a DAO that will invest in green photovoltaic energy and cryptocurrency mining to allow its users to rent their Asics based on the possession of the tokens. This means that the DAO needs to be connected to the real world in order to have the capacity to make such purchases, as well as to manage the sale of generated energy. Cryptosolartech SL a Spanish company already established, that will expand its social capital based on the obtained tokens. This social capital will be created in shares corresponding to digital tokens, so that said company will be the sole holder and owner of the DAO. 6 AML MANAGEMENT FOR THE ENTIRE PROJECT The ICO Cryptosolartech will have the AML / KYC system that will be responsible for auditing and certifying all the necessary aspects and verifying the origin of the funds that are available. It is going to be done like this since in certain countries, operations such as ICO or Bitcoin Exchange or other cryptocurrency, are considered MSB (Money Service Business). In addition, strictly speaking, a person becomes a money transmitter in the moment they accept the rules of an ICO or an Exchange, by transmitting money, from one person to another, securities or any other asset that generates value. As financial institutions, MSBs must comply with regulations and laws regarding bank secrecy, including AML (Anti-Money Laundering) and KYC (Know-Your-Customer). The operations related to AML / KYC will be developed during the ICO, verified by the development team and when they are accepted, it will allow the purchase of tokens of the same. 08

9 7 ROADMAP FEBRERO 2018 Preacuerdo punto conexión aval. APRIL 2018 Comienzo de la ICO. MAY 2018 Solicitud Autorizaciones administrativas (SICA) JUNE 2018 Solicitud Autorización de Medioambiente. Solicitud Autorización de Obras Publicas. Solicitud Autorización Confederación. Solicitud Autorización Endesa. Solicitud Autorización Red electrica. SEPTEMBER 2018 Adquisición de terrenos. Adquisición de Nave industrial para el desarrollo de la minería. Adquisición de ASICS. OCTOBER 2018 Solicitud de Licencia de Obras para las plantas fotovoltáicas. Acondicionamiento de instalaciones para el desarrollo de la minería. NOVEMBER 2018 Solicitud de Licencia de Obras para las plantas fotovoltáicas. Acondicionamiento de instalaciones para el desarrollo de la minería. ABPIL 2019 Inicio de operaciones de actividad fotovoltáica y de minería. AUGUST 2018 Fin de la ICO. BLOCKCHAIN CON ENERGÍA SOLAR 09

10 8 DAO ASSET TYPES A) CRYPTOCURRENCY MINING In the current monetary system, governments print money, which is legal tender and is used to buy goods or services. In the world of cryptocurrencies money is not created, but extracted, and this is the process we know as mining. The miners obtain the cryptocurrencies as a reward when they manage to solve a cryptographic problem for the incorporation of the new block to the chain of each blockchain. For example, currently, if this problem is solved in the Bitcoin Blockchain, a reward of 12.5 BTC is received, in addition to the variable amount of transactions that have been recorded, in the case of Ethereum this reward can be 3 to 5 ethers, depending on the type of mining, although it occurs more frequently in the case of Bitcoin, and so on depending on the crypto currencies that are to be mined. What is the mathematical problem? Cryptocurrency users constantly send money from one place to another on the planet, so you need to create a registry to verify the payments. The nodes of the cryptocurrencies register these movements in the Blockchain, and the job of the miners is to confirm the transactions and write them in the Blockchain, so that, in each operation, they receive a small commission. To mine a currency, you have to take into account many factors, such as the power needed by the mining equipment, electricity and the amount of energy they need to be able to do the operations. A.1) WHAT DO WE NEED TO MINE CRYPTOCURRENCIES? The current key to cryptocurrency mining is the machines that are necessary to carry out the mining and energy necessary for them to function. CryptoSolarTech will provide its users with everything necessary to mine when it comes to renting their Asics. The basic aspects are: good facilities, where the mining equipment is working with a conditioned and climate-controlled infrastructure, in addition to the adequate electrical installation, since they need a great power to work, being able to use, besides the conventional energy, renewable energies such as photovoltaic panels, which will mean a greater guarantee of maximizing the cryptocurrency production. Next, we need to prepare the mining equipment. Not everything is about having the equipment functioning. There are more than cryptocurrencies to mine. The choice of crypto currencies that must be mined at all times is crucial for the success and performance of mining. When hiring the Asics, the user will be able to use the power calculation as they wish, or decide that CryptoSolarTech should select at each moment which are the most appropriate coins to mine. Finally, to control the miners' plant from anywhere in the world, there will be complements at the level of management consoles, IP surveillance cameras, relays in the electrical panels to control temperatures and possible restarting needs. Therefore, an integral rental service of Asics for mining is provided, where the possession of the tokens gives right to the rent of the servers in a conventional hosting way. Apart from the fact that the price of the token will determine the rental price, in any case the prices that will be used in the ICO will push the performance of the Asics rental from the possession of the tokens. Additionally, it is a service directed from the beginning by the DAO towards the mining of cryptocurrencies, guranteeing that the rent can produce a larger generation of cryptocurrencies depending on the purchase made. 10

11 B) PHOTOVOLTAIC SOLAR FACILITIES TO POOL B.1) INVESTMENTS IN SOLAR ENERGY The objective of this present study, is to obtain financing for the kw photovoltaic power generation plant, with an investment of ,500, and an average return of 6% per year in the first 25 years, as we can see in the calculations shown below. We try to answer several questions that may arise in the mind of any investor who is unfamiliar with solar energy: Is it interesting to invest in solar energy? What conditions must be given? The basic reason why solar energy can be profitable is given due to the drastic decrease in materials for its construction, as well as to the improvement of the performance of electrical equipment, added to the constant increase in the expenses of power generation. Based on the profitability of banking products, the acquisition of solar energy would improve these products, because, it does not vary with stock market swings and an increase year after year. B.2) BASIC CONDITIONS The installation conditions basically depend on two factors: the irradiation of the installation place, and the capacity of the collection elements. It is evident that a solar panel will not produce the same electricity in Almería as in London, because it receives different irradiation. It is also evident that a panel oriented perfectly towards the path of the sun, will not produce the same, as the same panel oriented toward the north. B.3) HOW TO KNOW THE AMOUNT OF ELECTRICITY THAT A CONCRETE PANEL PRODUCES IN A DETERMINED PLACE? The only way to find out the amount of electricity generated by a panel in a place, is to go to the historical data of that place: These values allow an approximate calculation, but in reality, the only way to approach the production values of a specific location is to have previous readings. Installing solar panels in the same place where other installations already exist for a long time, helps to focus much more the expected production calculations, and, therefore, reduce the risk. It is necessary to know the sun hours of the place, something simple, although there are variables that influence the hours of solar incidence, such as periods of clouds, which are different for each place and for each year. It is also essential to know the temperature of the place (higher temperature, lower performance with the same irradiation), and some other environmental factors. Solar investment is based on statistics, therefore, it is expected that the average of the next ten years will be similar to that of the previous ten years. The municipality selected for this project belongs to the province of Seville. The average annual temperature is ºC. The winters are usually mild, with an average temperature of 6ºC. The summer is dry and hot with a seasonal average temperature of 26 ºC. The photovoltaic plant is located very close to the urban core, which will facilitate the work of assembly, storage and monitoring of it, in addition to all security measures that are included the solar garden. 11

12 B.4) EVALUATION OF TOTAL GENERATED ENERGY Next, we proceed to the performance study of the production of a nominal kW solar photovoltaic installation located in the province of Seville. For this, the production of the solar plant will be calculated, following the steps detailed below. The study begins by gathering the meteorological data that are characteristic of the site. For this, official data are taken from the Ministry of the Environment, and from the National Institute of Meteorology, from the meteorological stations closest to the site of the solar installation. The data taken are those of the last 20 years, as a general rule, from these, are established through statistical calculations, the average values, for each month, of the parameters that are necessary to know (Average Temperature, Irradiation solar, Wind Speed, Maximum Temperature...). From these meteorological data, a comparative study is made with the official data that have been published by the Ministry of Industry, in order to correct them, if these were less conservative than those handled by the official agency. This becomes necessary, in order to try to be as conservative as possible with the probability of results. B.5) PRE-INSTALLATION DESIGN Once the data has been taken, an implantation of the solar installation is carried out right at the site under study. For this, the possible shade that could be generated and that will affect the solar installation are taken into account. The calculation of the shade, and therefore of the separation that must be left between structure and structure, is based on the location of the solar plant, since, depending on this, it will be more or less elongated. Perspective of the PV-field and surrounding shading scene. 12

13 In the following graph you can see the shade diagram that are produced on the worst day of the year for the solar system, which is none other than December 21st, since that day the height of the sun is the lowest of the year, and therefore the greatest shade occurs. From here, it is when the engineering team calculates the distance that the structures have to be separated in order not to be shaded. B.6) RESULTS STUDY AND POSSIBLE IMPROVEMENTS Based on the results that are determined from the simulation, a team of experienced engineers will determine if the installation is improvable, and if such results are acceptable. If the results are optimal, the financial analysis will proceed. After studying the results of the simulation, it is concluded that the production data are objective, and match the official data handled by public bodies, and private sector of renewable energy, and therefore, we proceed to the economic study. B.7) OPPORTUNITY STUDY Faced with the possibility of creating solar installations in this municipality, the theoretical calculations of production were carried out. For this, the irradiation and temperature data of the Ministry of the Environment was used, for the nearest meteorological station. Nominal power of the photovoltaic system: kW. Inclination of the modules: Fixed 20 º South Estimated losses due to temperature: 5.5 % (using local data of ambient temperature) Other losses (cables, inverter, etc.): 7.5% Combined losses of the Photovoltaic system: 17.6% 13

14 B.8) QUALITY SPECIFICATION Naturally, the material to be used in the construction will be of excellent quality, thus ensuring a high level of reliability and performance throughout the useful life of the solar installation The elements initially considered are detailed below: Panels: CSUN or similar Investors: POWER ELECTRONIC or similar B.9) PERFROMANCE STUDY To understand the previous study, it is necessary to take into account certain aspects of the calculation of photovoltaic production. The bases of all photovoltaic production study are: a) The average irradiation on the ground, which will depend on the hours of sunshine at the installation site. This fundamental aspect has a high certainty. Each year is different, but the data are statistical means of the last 20 years and different organisms provide these values (see NASA, Consolar, C.E.). Our calculations are based on the official data provided by the National Institute of Meteorology and that are recognized by the Ministry of Industry. b) The average temperature of the place, by the incidence that the temperature has in the photovoltaic production. c) The causes of losses are varied and many of them difficult to calculate. Losses due to temperature, dust, efficiency of the investors, wiring in continuous and in alternating... Prudence forces us to consider some pessimistic losses, higher than those usually obtained. Like so, the results will improve the forecasts. In this study, losses of 17.6% have been considered. Security: Since we are in a place close to the urban center, it will facilitate security and maintenance work. In addition, appropriate security measures will be enforced, such as the perimeter fencing, microwave or infrared barrier, connected to a central alarm system, video surveillance and is offered as an option, physical surveillance by qualified guards 24 hours a day. Insurance: Firstly, during the execution time of the construction, insurance will be at all risks for the assembly, in addition to the construction adding the theft, damage of nature or consequences of errors, the material to be used is covered at all risk, in addition to machinery, equipment and Civil Liability Insurance. Once the constructions are finished, the policy will be based on a theft insurance (100%), exploitation insurance or damage to the installation (any type of damage), business interruption insurance or production per claim, as well as insurance legal defense and annual production. 14

15 9 HOW DO BOTH PROJECTS MERGE? As everyone knows, in this day and age it is very expensive to have a constant source of clean energy for 24 hours a day, therefore a mining project with high electricity costs in Europe would be unsustainable, and more so with the current volatility of cryptocurrencies. To solve this problem, we have decided to invest parallelly in two independent projects, one of solar energy that will produce energy for 8-10 hours / day, in which all the energy produced will be acquired by an energy manager at a fixed price for 15 years by contract, giving it a fixed income for 15 years, giving a return of 8% on photovoltaic acquisition. Having this fixed and guaranteed income, we will use that money to buy energy for 24 hours to supply the Asics plant in the industrial warehouse where they will be installed, so we will guarantee that in times of low performance we will not lose capital for suffering more expense of energy than of production. Also with this merge, we guarantee that the investment of our shareholders is fully guaranteed since, should any change in the cryptocurrency market occur, the photovoltaic plant would continue to operate with the 15-year purchase agreement already signed by Respira Energía. 10 ECONOMIC SIMULATION MODEL We will present the profitability on an individual basis by project, Cryptocurrency Mining and Photovoltaic Solar Energy. Like this we want to show the possibilities of both projects separately, and finally, we will include it in a single table, where it is definitely summarized after the study, how useful the whole project is. You can see the document that contains all the information on performance in the next page: 15

16 ECONOMIC SIMULATION MODEL Datos de partida Producción Estimada Kwh / kwp * Ver nota 0, Limitación horas equiv. funcionamiento: Límite Produc. Kwh/KWn max. venta tarifa Gastos de construcción / adquisición Produc. Kwh/kWp venta en Pool 0 Gasto de construcción: Tarifa a aplicar /Kwh: 0,04500 IVA (21%) Precio Medio Pool/ kwh 0,04500 Suma costos Potencia instalada (en KWn) Repercusión ( /Wp) 0,953 Potencia instalada (en KWp) Energía venta a tarifa (KWh/año) Otros gastos iniciales contemplados: Energía venta en Pool (KWh/año) 0 Adquisición de proyectos 0 Rendimiento instalac. media anual Construcción Intermediación 0 Gastos anuales Permisos línea eléctrica 0 Estudio de Viabilidad Técnico Económico, para la: Plantas solares "Cantillana,,Marchena y Sevilla", en la provincia de Sevilla Kwp, estructura fija, placa policristalina * Notas: Degradaciónde los módulos 0,50% Varios 0 Total Inversión Estimación PVGIS CMSAF: 2305 horas equivalentes. Se considera el 95% Mantenimiento anual Impuestos Ayto. ICIO, Tasas /Wp 0,953 Tasa interna de retorno (T.I.R.) 8,58% Seguro instalación Prestac. compensatorias 0 Capital Propio Seguridad y vigilancia Servidumbres 0 Total F inanciar 0 Gastos conexión Distrib Total a A valar 0 Otros gastos anuales (reparaciones) Otros gastos inic. (Notaría) Año Año ACUMULADO Energía prod. KW/año venta a tarifa Energía produc. KW /año venta a pool Prima 0, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,04500 Ingresos Venta a T arifa Precio venta a pool 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 0,045 Ingresos venta a p ool Incentivo a la inversión Incentivo: Reducción costes generación INGRESOS Ingresos venta a pool Incentivo a la inversión Incentivo: Reducción costes generación TOTAL INGRESOS TOTAL INGRESOS Ingresos a cumulados Ingresos acumulados 0, ,33 M antenimiento Mantenimiento Seguros Seguros Seguridad y vigilancia Seguridad y vigilancia Alquiler Alquiler Otros gastos anuales GASTOS Otros gastos anuales TOTAL GASTOS TOTAL GASTOS Beneficio antes de intereses y amortiz. (EBITDA) EBITDA Impuesto especial a la generación Impuesto generación Amortización Inmovilizado Amortizac. Inmoviliz. Comisión A pertura 0 0 Comisión Apertura I ntereses Intereses Beneficio Antes de Impuestos (BAI) BAI I mpuestos Impuestos BENEFICIO NETO BENEFICIO NETO BENEFICIO Cash Flow Operativo (BN+Amortizacióninmov.) Flujo de caja Amortización préstamo (leasing) Amortiz. Préstamo Flujo de caja disponible Flujo caja disp. Cash Flow disponible Acumulado Flujo caja acum. BASE IMPONIBLE (Impuesto de sociedades) Base imponible EFECTO FISCAL Efecto Fiscal BASE IMPONIBLE ACUMULADA Base Impon. Acum. RENTABILIDAD S/ INVERSION (EBITDA/INVERS.) 9,76% 9,71% 9,65% 9,60% 9,55% 9,50% 9,45% 9,40% 9,35% 9,30% 9,25% 9,20% 9,15% 9,10% 9,06% 9,01% 8,96% 8,91% 8,86% 8,82% 8,77% 8,72% 8,68% 8,63% 8,59% 8,54% 8,49% 8,45% 8,40% 8,36% 8,31% Rentabilidad inversión RECUPERACION INVERSION (INV. CFACUM)=(CFD A RECUPERAC. INV. FLUJOS CAJA Energía prod. KW/año venta a tarifa Energía produc. KW /año venta a pool Prima Ingresos Venta a Tarifa Precio venta a pool 16

17 ECONOMIC SIMULATION MODEL ESTUDIO DE VIABILIDAD CON "ASIC" DE MINERIA A CINCO AÑOS VARIACION DE OTROS GASTOS INVERSION EQUIPOS COSTO DEL MINERO MES ASIC PRODUCCION BTC DIFICULTAD POR MES MENSUALES ASIC , , , , ,00 CONSUMO POR EQUIPO RENDIMIENTO X 504MH/s X GASTO ELECTRICO TOTAL MH/S 2 99, CRECIMIENTO BTC KW/h MES EN MENSUAL 1,000 6, , ,00 TOTAL KW/h PRECIO KW/h TOTAL POWER MH/s 4 84, PRECIO BTC RETORNO EN UN AÑO 3.000,000 0, , , , , , TOTAL DE GASTO EN UN AÑO 7 65, , , , , , Total BTC BENEFICIO AÑO 12 46, , , , , , , ,00 CONSUMO POR EQUIPO RENDIMIENTO X 504MH/s X GASTO ELECTRICO TOTAL MH/S 14 99, CRECIMIENTO BTC KW/h MES EN MENSUAL 1,000 6, , ,00 TOTAL KW/h PRECIO KW/h TOTAL POWER MH/s 16 84, PRECIO BTC RETORNO EN UN AÑO SIMULACION BALANCE ANUAL "CRYPTOSOLARTECH S. L." COSTES INGRESOS FOTOVOLTAICA , ASICS , ,57 INMUEBLE INDUSTRIAL DESARROLLO , , , ,57 RENTABILIDAD ANUAL BRUTA 71,96% , , , ,000 0, , , , , , TOTAL DE GASTO EN UN AÑO 19 65, , , , , , Total BTC BENEFICIO AÑO 24 46, , , , , , , , CONSUMO POR EQUIPO RENDIMIENTO X 504MH/s X GASTO ELECTRICO TOTAL MH/S 26 99, CRECIMIENTO BTC KW/h MES EN MENSUAL 1,000 6, , ,00 TOTAL KW/h PRECIO KW/h TOTAL POWER MH/s 28 84, PRECIO BTC RETORNO EN UN AÑO 3.000,000 0, , , , , , , , , , COSTES INGRESOS 30 71, TOTAL DE GASTO EN UN AÑO 31 65, , , , RENTABILIDAD POR FASES DE INVERSIÓN 34 50, PRECIO TOKEN PORCENTAJE 35 46, Total BTC BENEFICIO AÑO 36 46, , , , , , , ,00 CONSUMO POR EQUIPO RENDIMIENTO X 504MH/s X GASTO ELECTRICO TOTAL MH/S 38 99, CRECIMIENTO BTC KW/h MES EN MENSUAL 1,000 6, , ,00 TOTAL KW/h PRECIO KW/h TOTAL POWER MH/s 40 84, PRECIO BTC RETORNO EN UN AÑO 3.000,000 0, , , , , , TOTAL DE GASTO EN UN AÑO 43 65, , , , , , Total BTC BENEFICIO AÑO 48 46, , , , , , , ,00 CONSUMO POR EQUIPO RENDIMIENTO X 504MH/s X GASTO ELECTRICO TOTAL MH/S 50 99, CRECIMIENTO BTC KW/h MES EN MENSUAL 1,000 6, , ,00 PRE ICO 0,05 71,96 FASE 1 0,06 66,47 FASE 2 0,07 56,97 FASE 3 0,08 49,87 FASE 4 0,10 39, TOTAL KW/h PRECIO KW/h TOTAL POWER MH/s 52 84, PRECIO BTC RETORNO EN UN AÑO 3.000,000 0, , , , , , TOTAL DE GASTO EN UN AÑO 55 65, , , , , , Total BTC BENEFICIO AÑO 60 46, , ,57 BENEFICIO 5 AÑOS PRE ICO FASE 1 FASE 2 FASE 3 FASE 4 Series1 Series ,87 17

18 11 INCOME MANAGEMENT Charges for the profitability of cryptocurrency mining will be made directly in the cryptocurrencies obtained, which will be transferred to ethereum and charged in the public key of the Smart contract wallet. The charges obtained from the photovoltaic plant will be charged to the company's account and used to meet the energy costs of the photovoltaic plant. 12 SMART CONTRACT In order to enable the ICO, Cryptosolartech will launch a Smart Contract in charge of capturing the capital and assigning users the participation in the company based on the contribution. The reliability of Cryptosolartech Smart Contract will be determined by two factors: It is public on Github so that it can be observed and verified by the users. It has been written by Coinfabrik, a company with extensive experience in the Blockchain world. 13 GOVERNANCE Any user with more than 5% of the shares of Cryptosolartech can be considered an administrator and will be part of the committee that will be responsible for the management and operations of the company if he so wishes. There will be a procedure whereby a union of Tokenholders whose sum of shares is greater than 5%, may designate a new administrator who will join the set of DAO administrators. The position of administrator must always be claimed by the user holder of the shares, if he so wishes. The reasons why you can be removed as administrator are the followings: The 5% quota has been lost as a result of the sale of the shares. A resignation has been submitted through the system. The decisions of the administrators can never be strategic and will have to do with situations of the following type: Urgent Tokenholders question. Regular question of Tokenholders. Compilation and writing of each proposal of the Tokenholders. Publication of proposals rejection by Tokenholders. Daily problems solution of the operation of the Exchange. The DAO partners meeting will be the authentic governing body of the Cryptosolartech DAO. The tokenholders will have the possibility to ask questions and vote on decisions that have to be made at the level of investments or changes of strategy. 18

19 The actions of the board of partners will be carried out in the following manner: Any member with a participation higher than 0,1% may send a question to the administrators, who will analyze and evaluate it to propose it to all the Tokenholders. Any question with a support of more than 1% will be authorized and will be submitted to the Board of Tokenholders. Voting: Any member of Cryptosolartech may participate in a vote to decide on the operation of Cryptosolartech. Participations in these questions will be made based on the % of participation in the company. The questions suggested at the Board of Tokenholders will be validated by simple majority, provided that the vote has been made by at least 20% of the company's total capital. All questions / proposals approved will be of immediate application and those denied will not be able to be raised again within a period of at least 6 months. The administrators will cover why the questions / proposals of the partners, are always positioned by the interest of the Tokenholders and Cryptosolartech itself. DAO 14 CONCLUSIONS Our main objective is to present a solid project, justified and supported by studies and objective data that provides real security to Tokenholders. We achieve this thanks to the fundamentals of our project. The systems presented on audit and certification: The AML / KYC system that will be responsible for auditing and certifying all the necessary aspects. The support and experience of our experts and analysts on the cryptocurrency market. The performance of cryptocurrencies and their mining, justified and proven in previous years. Security in the merging of two projects that articulate, modulate and sustain each other, so as to guarantee the purchase of our Tokenholders. Taking into account these points, we consider that the presented project is a very interesting option to make a great aquisition that can offer a larger production of cryptocurrencies and consolidate a fruitful, successful and long-term business. 19

20 15 TEAM AND ADVISORS Pablo Alonso CO-FOUNDER & CEO linkedin.com/in/pabloalonsoceo/ Alain Aguirre CO-FOUNDER & CEO linkedin.com/in/alainaguirreceo/ Antonio Arranz EXECUTIVE DIRECTOR linkedin.com/in/antonio-arranz-rodriguez-b / Roque Garijo RENEWABLE ENERGY DIRECTOR linkedin.com/in/roque-garijo-garcia / Manuel Martínez PROJECT MANAGER linkedin.com/in/manuel-martinez-jimenez-a374aa61/ Israel García MARKETING DIRECTOR linkedin.com/in/isragarcia/ 20

21 Juan Borrajo SEVILLE CIVIL CONSTRUCTION DIRECTOR linkedin.com/in/juan-borrajo-084a672a/ Antonio Trujillo NATIONAL SALES DIRECTOR linkedin.com/in/antonio-trujillo-sanchez-1b844631/ Alberto Arenas RENEWABLE ENERGIES ENGINEER linkedin.com/in/alberto-arenas-álvaro-16832b1a/ Mari Cruz Álvarez RENEWABLE ENERGIES SPECIALIST linkedin.com/in/mcruzalvarez/ Javier Marín Leal RENEWABLE ENERGIES SPECIALIST linkedin.com/in/javiermarinleal/ Mariam Khan INTERNATIONAL SALES & CUSTOMER SERVICE MANAGER linkedin.com/in/mariam-zahra-khan/ Pablo Yabo AUDIT SMART CONTRACT linkedin.com/in/pabloyabo/ Ariel Yabo SMART CONTRACT DEVELOPMENT linkedin.com/in/ariel-yabo / 21

22 Daniel Recuenco WEB DEVELOPMENT linkedin.com/in/daniel-recuenco-berenguel/ David Lesmes GRAPHIC DESIGN & ILLUSTRATOR linkedin.com/in/david-lesmes/ Aitor Contreras DIGITAL MARKETING SPECIALIST linkedin.com/in/aitorcontreras/ Noemí Vidal SOCIAL MEDIA MARKETING SPECIALIST linkedin.com/in/noemividal/ Diego Ríos LEGAL CIVIL COUNSEL linkedin.com/in/diego-rios-padrón-b267722b/ Francisco Estepa LEGAL COUNSEL linkedin.com/in/francisco-estepa-dominguez-1aa5b718/ Josef Ajram BRAND AMBASSADOR & SPECIAL FINANCIAL ADVISOR linkedin.com/in/josefajram/ Joaquín López SPECIAL BLOCKCHAIN ADVISOR linkedin.com/in/joaquinlopezlerida/ Víctor Ronco ICO ADVISOR linkedin.com/in/victorronco/ 22

23 16 LEGAL ANNEX ADHERENCE TO ALL LEGAL AND REGULATORY STANDARDS The purchase of any token involves a high degree of risk, including, among others, the risks described below. Before purchasing CST Tokens, it is recommended that each participant carefully weigh all the information and risks detailed in this Whitepaper and, specifically, the following risk factors. A. Dependence on the IT infrastructure Cryptosolartech's dependence on software applications in operation, computer hardware and the Internet means that Cryptosolartech can not offer guarantees that a system failure will not adversely affect the use of its CST tokens. Despite Cryptosolartech's implementation of all reasonable network security measures, the Asics in its processing center are vulnerable to computer viruses, physical or electronic theft or other interruptions of a similar nature. Computer viruses, thefts or other interruptions caused by third parties may cause the interruption, delay or suspension of services, which would limit the use of CST tokens. B. Smart Contract Limitations Smart contract technology is still in its early stages of development, and its application is experimental in nature. This can entail significant operational, technological, regulatory, reputational and financial risks. Consequently, although the audit performed by an independent third party increases the level of security, reliability and accuracy, this audit can not serve as a guarantee, including any explicit or implicit guarantee that the CRPT Smart Contract is adequate or contains failures, vulnerabilities or problems that may cause technical problems or the complete loss of CST tokens. C. Regulatory risks Blockchain technology, which includes, but is not limited to, the issuance of tokens, may be a new concept in some jurisdictions, which may then apply existing regulations or introduce new regulations on applications based on Blockchain technology, and such regulations may enter conflict with the current CST Token. Contract configuration and CST Token concept. This may result in substantial modifications to the CST Smart Contract, including, but not limited to, termination and loss of CST tokens, as well as suspension or termination of all CST token functions. D. Taxes Token holders may be required to pay taxes associated with transactions involving CST tokens. It will be the sole responsibility of the token holders to comply with the tax laws of the relevant jurisdictions and pay all taxes required. E. Force majeure The performance of Cryptosolartech can be interrupted, suspended or delayed due to circumstances of force majeure. For the purposes of this whitepaper, force majeure will mean extraordinary events and circumstances that Cryptosolartech could not prevent and that will include: acts of nature, wars, armed conflicts, mass civil disturbances, industrial actions, epidemics, lockouts, slowdowns, prolongation shortages or other power supply or communication service failures, acts of municipal, state or federal government agencies, other circumstances beyond the 23