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.
The Terawatt Token will also be used as a currency similar to ETH at any
business or utility company that will accept it as method of payment.
DAO members with businesses will want to accept Terawatt tokens as
payment because they will gain increased voting/staking power in the
DAO, and because it's much more deflationary than FIAT or other
cryptocurrencies due to continual coin burning structure, which equals
potentially increased profitability.
The power companies, and other token holders, will buy into the DAO with
our tokens, we’ll charge a fee for entering and exiting, and when they
sell their position, we take a percentage of their profits (like a
mutual fund or an exchange does). We will take 50-75% of these profits
to buyback and burn our own tokens daily (per transaction depending).
With Terawatt, all people and businesses can have uninterrupted access
to inexpensive/free L.E.D.s which substantially decreases their
purchasing costs, electricity bills, increases global lighting
efficiency, and in turn reduces global greenhouse emissions.
The (LED) token will may or may not exponentially increase in value as
more power companies (and buyers/energy customers/other companies)
realize the advantages of using our tokens and of joining the DAO
(Metcalfe’s Law), thereby increasing demand while also decreasing
supply.
Through DAO utilization, key partnerships (We are actively pursuing
collaborations and partnerships with utility companies globally),
deflationary supply, token incentives, and voracious marketing, Terawatt
aims to help put L.E.D.s in all commercial, industrial (street lights),
government and residential buildings/facilities worldwide and
efficiently increase the changeover from less efficient Incandescent,
Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent
Lighting (CFL) to 100% L.E.D. lighting (Light Emitting Diode).
Token holders will also be able to find and utilize applicable instant
tax rebates, search for tax credits, and then securely store this
purchase data on the network for later use in filing their taxes.
Participants can buy, sell, stake with masternodes (when available),
vote, donate, or hold (LED) tokens, which will power the Terawatt
Ecosystem.
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. (Metcalfe’s Law)
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
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 information:
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
for more token information follow link bellow:
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My Bitcointalk Profil : donhendryk