The blockchain community is facing strong headwinds worldwide due to the very energy-intensive mining process of crypto currencies and blockchain-based business applications. At the same time, in the Swiss alps, thousands of unexploited structures are breaking down as the current spatial planning law does not allow the residential use of these buildings.
Therefore, the purpose of the Swiss Alp mining is to connect these two worlds by offering environmentally friendly mining facilities in empty building in the Swiss Alps just powered by renewable energy.
Swiss Alps Energy AG will raise funds by holding an Initial Coin Offering (ICO) in early 2018. The funds raised with the ICO will be used to finance the development and expansion of the mining facilities and to acquire assets in hydropower plants. The SAM token, Sam, is an ERC20 token. It can be used as a payment method within the SAE mining and will be tradable outside the SAM platform on all relevant exchanges worldwide.
Swiss Alps Energy AG (SAE) – the company.
Swiss Alps Energy AG (SAE) stands for Swiss Alps Mining & Energy’s operating business. The team members come from different fields such as blockchain technology, crypto currency mining and hyperledger applications, as well as civil engineers, infrastructure engineers, and energy experts. The team has already effectively developed and launched a variety of products, solutions and applications based on the blockchain technology. The company is currently going through the application phase in order to become a member of a Swiss self-regulatory organization (SRO).
Swiss Alps Energy AG is a distributed ledger-based energy supplier and an operator of flexible modular mining infrastructures that are intended for longterm stationary use. Thereby, SAE preserves the desolate buildings in the Swiss alps and makes use of them wisely and without interfering either the building structure or the environment.