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Read the full Forbes article and watch the interview here: http://bit.ly/2zEtWw6.
Everyone seems to want in on it. Even my septuagenarian neighbor who recently retired from her position as a clerk has taken up trading cryptocurrencies. Bitcoin jumped in value more than 50% in October alone. Hundreds of millions of dollars are being raised in new coin offerings every month. This surprising source of capital may be a natural match for social entrepreneurs.
Dan Bates, 60, the founder, president and CEO of ImpactPPA is now conducting presales in anticipation of a $50 million initial coin offering or ICO in the coming weeks. Bates has been doing clean energy projects in the developing world for a decade but ImpactPPA is a new business.
It will use not one but two cryptocurrencies. The first, a utility token, it calls NRG will be used to sell the electricity it produces on micro-grids and small utility-scale solar and wind projects. The second token, MPAQ, the one that will be offered in the ICO, will give the holders a voice in selecting the next projects. In part to avoid securities issues, MPAQ holders will not receive ownership or dividends.
Read the full Forbes article and watch the interview here: http://bit.ly/2zEtWw6.
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