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Terawatt is a patented blockchain patent for renewable energy startup with a strong focus on monetization and promoting global LED adoption. Maintained will create both DAO and the Ethereum-based private currency (zk-SNARKS) for global payments. DAO is funded and used by utilities, LED sellers, businesses, token holders and energy customers worldwide.
DAO will act as a decentralized global mutual / insurance fund to ensure that utilities (and companies) always have access to (ongoing) funding to subsidize LED sales to their energy customers (or to expand the business to LEDs). Total offer: 100 million tokens. Outstanding Supply: 65 million (supply will decline exponentially in the curve down to 1 million tokens). That is because of our sustainable coin-burning algorithm. Terawatt will automatically use 50-75% of the company profits from DAO entry / exit fees, and others to buy back and burn tokens daily.
About terawatts
Take advantage of Blockchain technology to reduce the global power consumption by 50 percent (around 2,000 terawatts) by 2035 while increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Maintained aims to address other renewable sectors, such as solar, wind, and electric vehicles, once the concept has been proven with LEDs
our mission
That is because of our sustainable coin-burning algorithm. Terawatt will automatically receive 50-75% of the company's earnings from DAO entry / exit fees, profit-taking (such as stock exchanges), time loss fees, carbon tax data storage fees, carbon credits, and even LED sales commissions for buy- back and burn (LED) tokens. It is similar to a BNB token, but they burn only quarterly, we burn around the clock.
Other utilities and companies will want to receive our FIAT currencies and most, if not all, of the temporary crypto currencies / tokens with zk-SNARKS and Masternodes will also become more private and secure. The more tokens they need to invest in DAO funds, the more sound power, benefits and stakes they can get. This will increase the token value due to network effects. (Metcalfe's Law)
Lighting / solution problems
Inefficient lamps cause unnecessary greenhouse gas emissions, which contribute to climate change, and too high electricity bills for communities and governments. Maintained will help resolve this issue by performing LED customization
LED lighting solutions have never been as accessible or affordable as they are now. With some discount and incentive programs, more and more cities are turning to LED street lighting. And why not? As we all know by now, LEDs are energy efficient and durable, which means huge savings in energy costs and lower maintenance costs. But what's about the other benefits? How to reduce crime rates, safer environments and overall perceived improvements? These are all the benefits that LED street lights can offer compared to orange high pressure sodium street lamps (HPS) that still illuminate most of our streets and neighborhoods.
Why do we need blockchain?
1. To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions
2. We need complex smart contracts to power the D.A.O.
3. We need Transparency, Immutability, Decentralization and verification of all transactions performed on the platform
4. Extremely precise process automation
5. It becomes convenient to work with other cryptocencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)
6. Reliability and fault tolerance
Why L.E.D.?
The benefits
1. Light up immediately, like an incandescent bulb
2. They stay cool to the touch event after use
3. Last up to five times longer than CFLs
4. No sensitivity to cold temperatures
5. Do not contain mercury
6. Some models can be used with a dimmer switch
7. Available in soft, warm, and bright white hues
"Low energy light bulbs use less than 20% of the energy of a conventional light bulb, and can last up to 15 times longer." -Carbonfootprint.com
Token Description
Our project will use etiquette to issue and create tokens mainly because it has the foundation that our technology will implement. Terawatt will manipulate the blockchain smart contracts. Our token will be standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer has purchased the bulbs from a suitable seller and added the transaction to the blockchain. Smart contracts will execute and manage the entire process.
Features
Token LED
Platform Ethereum
Type ERC20
PreICO price ** 1 LED = 0.30 USD**
Price in ICO 1 LED = 0.40 USD
Investment info
Min. investment 0.2 ETH
Accepting ETH
Distributed in ICO 65%
Soft cap 500,000 USD
Hard cap 13,500,000 USD
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
Team
FURTHER INFORMATION
White paper: https://terawattled.com/assets/Terawatt.pdf
ANN topic: https://bitcointalk.org/index.php?topic=4180151.0
Twitter: https://mobile.twitter.com/terawatt_led
Facebook: https://m.facebook.com/Terawatt/about
YouTube: https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ
Telegram: https://t.me/TeraWattICO
My profile: https://bitcointalk.org/index.php?action=profile;u=2071847
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