Amidst ICO Flurry, This Social Entrepreneur Seeks $50M for Clean Energy - Dan Bates, ImpactPPA - 576
Never miss another interview! Join Devin here: http://bit.ly/joindevin. 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. Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.info.