Gigajoule is a project of Gigajoule Floating Solutions, a company that produces electricity from gas-powered barges. The project will begin its work to secure licenses for the production of electricity, confirm studies on gas supplies and transmission of electricity at various sites in southern Nigeria. Gigajoule uses the Siemens Trent turbine as the main power unit. Siemens warranties for turbine operation, maintenance and performance ensure twenty years of operational quality.
Business Model Overview Gigajoule (GIGJ)
1. The validity of income
The project will receive revenue from the sale of electricity in Nigeria. The profit of the project before tax will be $ 21,000,000 in the first year of operation, an annual increase in profit is also expected to reach $ 70,000,000, within 10 years from the date of the project launch. GIGJ token holders will be entitled to receive an annual dividend of 15% of the profits earned under the Gigajoule project, in proportion to their number of tokens.
2. Number of currencies accepted
The project accepts 2 liquid currencies, namely: ETH, BTC.
3. Token emission
The project has a limited number of tokens. A total of 20 000 000 GIGJ tokens will be issued (p. 60 White Paper).
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 30% (p. 61 White Paper).
The project’s technological map indicates its goals until 2048 (p. 60 White Paper). After the completion of the token sale, the authors of the project will distribute the funds as follows: 52% - “Development of the project”, 5% - “Establishment of an enterprise”, 25% - “Construction of barges”, 10% - “Shipyard personnel”, 8% - “Production employees” (p. 65 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has an excellent SOFT CAP / HARD CAP ratio, which increases its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 6 000 000 and $ 14 400 000, respectively (p. 60 White Paper).
7. MVP availability
The project does not have a developed MVP.
8. Risk assessment and insurance
The form of the tokensale is Security Token Offering (STO), which means providing sequrity tokens with assets, profit and cash flow. In addition, STO complies with investor protection laws and securities regulations. This increases corporate responsibility, reduces the likelihood of unfair behavior in the market and protects the rights of investors, which favorably affects the investment attractiveness of the project.