ARASHSP Token Economics
Supply & Expansion
- Max supply: 2,000,000 ARASHSP (BEP-20) mapped to 4 MW of capacity.
- Phase 1: 350,000 tokens at a fixed USD 1 price to complete the first MW.
- Growth phases: Three further ~550,000-token tranches priced by the market once KPI milestones are certified.
- Release control: Each tranche requires audited performance, grid-connection proof, and compliance with defined DSCR thresholds.
Pricing & Market Behaviour
- Initial stage: Fixed pricing removes launch speculation and funds 100% of the first MW CAPEX.
- Post-launch: Market discovery driven by supply/demand, green power tariffs, and realised free cash flow.
- Stability levers: Transparent reporting, time-weighted snapshots, and dedicated liquidity programmes.
Cash Flow & Distribution
- Revenue: 1,800,000 kWh × 5,600 tomans/kWh in Year 1, 20% annual tariff growth, 1% annual degradation.
- Costs: O&M = 12% of revenue; inverter replacement (12% of base CAPEX) in Year 11; tax holiday (0%) for 10 years then 25%.
- Payout policy: α≈16.9% of post-tax CFO with an annual cap equal to 50% of contributed capital; distributions monthly/quarterly and time-weighted.
- Performance targets: approximately 40% Year-1 ROI in Rials (provisional), capital payback by end-Year 3, 20-year average annual return ≈49% in Rials (provisional).
Implementation Timeline
- Capital raise window: Complete the 350,000-token sale within 90 days of launch.
- Construction & commissioning: Five months from sale closure to stable generation.
- Distribution kick-off: Month six post-sale; first payout at the end of that month.
- Payout formula: Distribution = Free Cash Flow × α (≈16.9%) × holding-duration coefficient.
- Holding coefficient: Full-period holders receive coefficient 1; interim in/out flows are prorated.
- Reporting: Dashboard shares live production, revenue, distributions, and ROI metrics.
Core Assumptions
| Variable | Base Case | Sensitivity |
|---|---|---|
| Year-1 tariff | 5,600 tomans/kWh | ±10% tariff → ±10% revenue for corresponding period |
| Tariff escalation | 20% p.a. | ±5% change ≈ ±7% impact on 5-year ROI |
| O&M | 12% of revenue | ±1% O&M ≈ ∓1.5% Year-1 ROI |
| Replacement CAPEX | 12% in Year 11 | Funded via maintenance reserve + cash flow |
| Tax rate | 0% (Years 1–10), 25% thereafter | Potential upside via renewable tax incentives |
Financial Charts
Power Tariff Path
Revenue vs. Free Cash Flow
Annual ROI
Note: All ROI figures shown below are in Rials and are provisional estimates.
Cumulative ROI
Cash Flow Allocation (Stacked Bars)
Revenue Allocation (Long-term Average)
Demand Drivers
- Asset-backed yield: Audited operations and verifiable power sales.
- Global accessibility: USD 1 minimum entry; payouts in USDT or tomans.
- ESG positioning: ~1,350 tCO₂ avoided annually at 4 MW, enabling carbon-credit monetisation.
- Liquidity options: Exchange listing roadmap plus OTC rails.
- Expansion pipeline: Additional MW modules and prospective hybrid/storage projects.
Risk & Mitigation
| Risk | Description | Mitigation |
|---|---|---|
| Plant performance | Weather/technical variability | Tier-1 equipment, SLA-backed O&M, insurance, real-time monitoring |
| Energy market | Tariff adjustments, regulatory shifts | Power purchase agreements, exposure to energy exchange pricing, cash reserves |
| Smart-contract | Exploits or misconfiguration | Audits, multi-sig controls, pausability, staged upgrades |
| Secondary liquidity | Insufficient trading depth | Market-making, staking incentives, transparent disclosures |
| FX volatility | USD/toman fluctuations | Dual-currency payout option, partial hedging |
Takeaway
ARASHSP’s economics combine a productive solar asset, disciplined payout policy, and milestone-driven scaling to deliver attractive, resilient returns while meeting measurable sustainability targets.