Assetron Energy, a company developing a first of its kind crowdfunding platform for renewable energy projects has finished their Token Sale on 20th December 2017.

Over 530,000 USD worth of ASSETRON tokens were sold to over 2100 individual contributors — this is a great result for a brand new startup looking to break into a huge market.

Having exceeded the softcap of 170,000 USD, Assetron Energy is in a great position to proceed with the plan to develop the first of its kind investment platform, allowing businesses and communities the ability to afford owning their own renewable energy power source, by putting it up for a public crowd-sale. A platform that transforms any potential renewable energy power source into a mini ICO, that pays out dividends for around ten years each.

The repercussion of not meeting the hard cap is that the construction of the ASTRN Flagship Solar Farm will be put on hold. What does that mean for the company > it means that the budget is limited to what was raised in the token sale (The solar farm would have given additional regular revenue), and the focus is now solely on the construction of the web platform, whatever that may take. The good news is that once the platform is complete, Assetron Energy will be in a much stronger position to hit the market again and possibly run another crowdsale — that is of course pending enough capital is not raised through selling tokens organically on exchanges.