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TERAWATT

TERAWATT - Global introduction of LEDs through Blockchain technology

About Terawatt

Terawatt is a patent-renewable patented startup blockchain patent, with a strong focus on monetization and encouraging global LED adoption. Terawatt will create Decentralized Autonomous Organization (DAO), and also create a highly deflation-based Ethereum-based currency for global payments. DAO will be funded and used by Utility Companies, LED Sellers, Businesses, Token Holders, and Energy Customers worldwide. DAO will act as a decentralized global fund / insurance to ensure Utilities (and businesses) always have access to (sustainable) funding to subsidize LED sales to their energy customers (or to buy LEDs).

Our mission

It's because of our sustainable coin burning algorithm. Terawatt will automatically use 50-75% of the company's profits derived from DAO entry / exit fees, profit-taking fees (such as exchanges), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate LED sales commissions for buy back and burn (LED) Token. It's similar to a BNB token, but they just burn every quarter, we'll burn 24/7.

Other utilities and businesses will want to receive our tokens for payment because our deflation rate is much greater than all FIAT currencies and most, if not all, of the temporary cryptocurrencies / tokens also become more private and secure with zk-SNARKS and masternodes when available. Furthermore, the more tokens they have to put in DAO funds, the more sound power, benefits, and stake stakes they can receive. This will further increase the token value due to network effects. (Law of Metcalfe).

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.

Why do we need blockchain?

To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions
We need complex smart contracts to power the D.A.O.
We need Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform
Extremely precise process automation
It becomes convenient to work with other cryptocurrencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)
Reliability and fault tolerance

CASE STUDY: LOS ANGELES REACHES ANNUAL SAVINGS OF $8.7 MILLION

Why L.E.D.?

The Benefits

Light up immediately, like an incandescent bulb
They stay cool to the touch even after use
Last up to five times longer than CFLs
No sensitivity to cold temperatures
Do not contain mercury
Some models can be used with a dimmer switch
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 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.

The Features

Token Allocation and Distribution schedule

Token Sale Details

* Private sale: June 2018
* PreICO: July 2018
* ICO: September 2018
* Cap: $ 11,460,000
* Competitors: None
* Token Price: 0.40 USD
* Platform: Ethereum

Minimum investment: 0.2 ETH

* Soft Cap: 500,000 USD
* Hard cap: 13,500,000 USD
* KYC: Required for all investors

Roadmap