Website - https://terawattled.com/
About Terawatt
Take advantage of blockchain technology to help reduce global lighting electricity consumption by 50 percent (around 2,000 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 address other renewable sectors such as Solar, Wind, Electric Vehicles after proof of concept is achieved with LED
Method :
Terawatt will create the Decentralized Autonomous Organization (DAO), and also create a highly deflationary Ethereum-based currency for global payments. DAO will be funded and used by Utility Companies, LED 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 is constantly running out) to subsidize the sale of LEDs to their energy customers (or to increase business to LEDs).
This is a big benefit for utility companies because they want 100 percent of their customers to have energy-saving lamps because of the progressive overload of the network, which forces electricity companies to build (and maintain) expensive power plants (hundreds of millions of dollars) to meet demand. . They are also mandated by government agencies (ie the US Department of Energy and the US Environmental Protection Agency) to increase adoption of LEDs in their respective markets. Businesses want LEDs because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax incentives. Initial costs are a problem, but Terawatt will help overcome this.
The Terawatt Token will also be used as a currency similar to ETH in a business company or utility that will accept it as a payment method. DAO members with businesses will want to receive Terawatt tokens as payment because they will get increased voting / power tightening in DAO, and therefore far more deflation than FIAT or other cryptocurrency because of the continuous coin burning structure, which is the same as the potential for increased profitability.
Electricity companies, and other token holders, will buy DAO with our tokens, we will charge fees for entry and exit, and when they sell their positions, we take a percentage of their profits (such as mutual funds or no exchange). We will take 50-75% of this profit to buy back and burn our tokens every day (per transaction depends). With Terawatt, all people and businesses can have uninterrupted access to cheap / free LEDs that substantially reduce purchasing costs, electricity bills, improve global lighting efficiency, and in turn reduce global greenhouse emissions.
Tokens (LEDs) may or may not increase in value exponentially as more and more power companies (and energy / other companies / buyers) realize the benefits of using our tokens and join the DAO (Metcalfe's Law), thus increasing demand while also reducing inventory.
Through the use of DAO, a key partnership (We are actively pursuing collaboration and partnerships with utility companies globally), deflation supply, token incentives, and greedy marketing, Terawatt aims to help place LEDs in all commercial lights, industry (street lights), buildings governments and housing / facilities around the world and efficiently increase the transition from inefficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% LED (Light Emitting Diode) lighting.
Token holders will also be able to find and utilize applicable instant tax deductions, search for tax credits, and then store these purchase data securely on the network for later use in filing their taxes. Participants can buy, sell, share with masternodes (if available), vote, donate, or hold (LED) tokens, which will drive the Terawatt Ecosystem.
Our mission
This is because our sustainable coin burning algorithm. Terawatt will automatically use 50-75% of the company's profits obtained from DAO entry / exit fees, costs of taking profits (such as exchanges), time decay costs, carbon tax data storage costs, carbon credits, and even from affiliate LED sales commissions for buy back and burn (LED) Tokens. This is similar to BNB tokens, but they only burn every quarter, we will burn 24/7.
Utilities and other businesses will want to receive our tokens for payment because our deflation rate is far greater than all FIAT currencies and most, if not all, cryptocurrency / tokens while also being more personal and secure with zk-SNARKS and masternodes when available. Next, the more tokens they have to put in the DAO fund, the more power the voice, profits, and the prizes they can receive. This will further increase the token value due to network effects. (Metcalfe's Law)
Lighting Problems / Solutions
Inefficient light bulbs create unnecessary greenhouse gas emissions, which contribute to climate change, and electricity bills that are too high for the public and the government. Terawatt will help fix this problem
driving adoption of LEDs
LED lighting solutions have never been more accessible or affordable than now. With several rebate and incentive programs, more and more cities are turning to LED street lighting. And why aren't they? As we all know now, LEDs are energy efficient and durable which means huge savings on energy bills and reduced maintenance costs. But what about other benefits? Like reduced crime rates, safer environment, and overall perceived improvements? These are all the benefits that LED street lights can offer compared to orangey light from high pressure sodium street lamps (HPS) that still illuminate most of our roads and environment.
Why do we need blockchain
- To create deflationary currencies that are unchanged, decentralized, secure, private (zk-SNARKS) with utility functions
- We need complex smart contracts to empower DAO
- We need Transparency, Eternity, Decentralization, and verification of all transactions carried out on the platform
- Process automation is very precise
- Being comfortable to work with other cryptocurrency in an increasingly digital world. Integration with other projects on the blockchain (product tracking, verification, ecosystem expansion, etc.)
- Reliability and fault tolerance
CASE STUDY: LOS ANGELES ACHIEVE AN $ 8.7 MILLION ANNUAL SAVINGS
Why is LED?
Benefits.
- Turn on immediately, like an incandescent light bulb
- They remain cool to the touch even after use
- Hold up to five times longer than CFLs
- There is no sensitivity to cold temperatures
- Do not contain mercury
- Some models can be used with dimmer switches
- Available in white, warm and bright white
"Low energy light bulbs use less than 20% of conventional light bulb energy, and can last up to 15 times longer." -Carbonfootprint.com
Token Description
Our project will use Ethereum to publish and make tokens mainly because it has a basic foundation that our technology will implement. Terawatt will manipulate the blockchain smart contract. Our tokens will be standard ERC20 tokens with certain modifications. Our algorithm will verify that the consumer has purchased the light bulb from the appropriate seller and added the transaction to the blockchain. Smart contracts will execute and manage the entire process.
Features
Token info
- Token; LED
- Platform: Ethereum
- Type: ERC20
- PreICO ** 1 LED price = 0.30 USD **
- Prices in ICO 1 LED = 0.40 USD
Investment info
- Min. investment: 0.2 ETH
- Receive: ETH
- Distributed in ICO: 65%
- Soft stamp: 500,000 USD
- Hard stamp: 13,500,000 USD
Roadmap
Formation
Project 2017, Whitepaper compiled, Patent Filed
December 2017
Team Building - Acquires CTO, COO, and Advisor
January 2018
White Paper / Website, Brand Given, Registered at KICKICO
February 2018
Present Building, the Token Presale site is being developed
June 2018
Personal sales, more development and marketing
July 2018
PreICO, DAO construction
August 2018
ICO, Token launch, wallet release, apply for exchange
October 2018
DAO testnet, Mobile Wallet, Search for Partnerships
December 2018
Online mainnet DAO, Masternode announcement
February 2019
Completely Functional User Interface Released, Mainnet improvements
April 2019
Devcon, Get More Partnerships
May 2019
Verification of Acceptance / Tax Incentives / Development of LED Tokens
July 2019
Terawatt LED Ecosystem Expansion
Team
For more details about our ICO, you can also visit our website address below from me and thank you:
- Website: https://terawattled.com/
- Whitepaper: https://terawattled.com/assets/Terawatt.pdf
- Ann Thread: https://bitcointalk.org/index.php?topic=4180151.0
- Telegram: https://t.me/TeraWattICO
AUTHOR: Gunting
