TeraWATT ICO Review
TeraWATT ICO - Global LED Adoption Through Blockchain Technology
About Terawatt
Leverage blockchain technology to help reduce
global lighting electricity consumption 50 percent (roughly 2000 Terawatts) by
2035, while also increasing light output by 50 percent. Terawatt will also
create a deflationary currency to compete with FIAT and digital alternatives
like Bitcoin. Terawatt aims to tackle other renewable sectors like Solar, Wind,
Electric Vehicles after proof of concept is achieved with L.E.D.s.
Method
Terawatt will create a Decentralized
Autonomous Organization (DAO), and also create a highly deflationary Ethereum
based currency for global payments. The DAO will be funded and used by Utility
Companies, L.E.D. Sellers, Businesses, Token Holders, and Energy Customers
worldwide. The DAO will act as a decentralized global mutual/insurance fund to
ensure Utilities (and businesses) always have access to funding (which
constantly runs out) for subsidizing L.E.D. sales to their energy customers (or
for businesses upgrading to L.E.D.s).
This is a major benefit to utility companies
as they want 100 percent of their customers to have energy efficient lights due
to progressive grid overload, which forces power companies to build (and
maintain) expensive (Hundreds of millions of dollars) power plants to meet
demand. They are also mandated by government agencies (i.e. US Department of
Energy and US Environmental Protection Agency) to increase L.E.D. adoption in
their respective markets. Businesses want L.E.D.s because they reduce
electricity bills, increase light output, reduce maintenance costs, and qualify
them for tax incentives. The upfront cost was the issue, but Terawatt will help
overcome this.
Our Mission
This is due to our continuous coin burning
algorithm. Terawatt will automatically use 50–75% of company profits earned
from DAO entry/exit fees, profit taking fees (like an exchange), time decay
fees, carbon tax data storage fees, carbon credits, and even from affiliate
L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to
the BNB token, but they only burn every quarter, we will burn 24/7.
Utilities and other businesses will want to
accept our tokens for payments because our rate of deflation is much greater
than all FIAT currencies and most, if not all, cryptocurrencies/tokens while
also being more private and secure with zk-SNARKS and masternodes when
available. Furthermore, the more tokens they have to enter into the DAO fund, the
more voting power, profits, and staking rewards they can receive. This will
further increase token value due to the network effect.
The Lighting Problem/Solution
Inefficient light bulbs are creating both
unnecessary greenhouse gas emissions, which contribute to climate change, and
unnecessarily exorbitant electricity bills for peoples and governments.
Terawatt will help to fix this problem by driving LED adoption
LED lighting solutions have never been more
accessible or affordable than now. With multiple rebate programs and
incentives, more cities are making the switch to LED street lighting. And why
wouldn’t they? As we all know by now, LEDs are energy-efficient and
long-lasting which means huge savings on the energy bill as well as reduced
maintenance costs. But what about the other benefits? Such as reduced crime
rate, safer neighborhoods, and overall perceived improvement? These are all
benefits that LED street lighting can offer compared to the orangey glow of the
high pressure sodium (HPS) street lighting still illuminating most of our
streets and neighborhoods.
Token Description
Our project will use Ethereum to issue and
create tokens mainly because it has the base foundation that our technology
will implement. Terawatt will manipulate the blockchain smart contracts. Our
token will be a standard ERC20 token with some specific modifications. Our
algorithms will verify that the consumer has actually purchased the bulbs from
a suitable seller and add the transaction to the blockchain. Smart contracts
will execute and manage the entire process.
Details of ICO TeraWATT:
Token: LED
PreICO Price:
1 LED = 0.30 USD
ICO Price: 1 LED = 0.40 USD
Bonus: Available
Platform: Ethereum
Accepting: ETH
Minimum Investment: 0.2 ETH
Soft Cap: 500,000 USD
Hard Cap: 13,500,000 USD
Country: Netherlands
Whitelist/KYC: KYC
Restricted areas: USA, China, North Korea,
Syria, Iran, Iraq, Belize.
Roadmap
Roadmap
2017
Project Conception, Whitepaper drafted, Patent
Filed
December 2017
Team Building- Acquired CTO, COO, and Advisor
January 2018
Whitepaper/Website, Trademark Granted, Listed
on KICKICO
February 2018
Building Presence, Token Presale site under
development
June 2018
Private Sale, more development and marketing
July 2018
PreICO, DAO construction
August 2018
ICO, Token launch, wallet release, apply to
exchanges
October 2018
DAO testnet, Mobile Wallets, Seek Partnerships
December 2018
DAO mainnet online, Masternode announcement
February 2019
Fully Functional User Interface Released,
Mainnet improvements
April 2019
Devcon, Acquire More Partnerships
May 2019
Receipt Verification/Tax Incentive Utility/LED
Token Development
July 2019
Expansion of Terawatt’s LED Ecosystem
For more information :
Authore :
Cut3nggan
0x920B18b9596A996788f8E805B51FC21769543C43
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