Hello everyone, on this occasion, I will explain about a very good project, which is about the TeraWATT platform. For an explanation, I'll write it in this article.
What is that?
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 such as Bitcoin. Terawatt aims to address other renewable sectors such as Solar, Wind, Electric Vehicles after proof of concept is achieved with LED
Our mission
This is because of 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?
The platform will have its own database, which will keep records of LED purchases. They will be maintained reliably in the TeraWatt ecosystem. This allows buyers to offset utility costs for all time and get their rank in Energy-Based Purchases. Users will pay a small commission on the token to access the database again.
The funds invested will be collected in the pool, and the global community "TeraWatt" will decide which projects will be financed and how many.
Since July, the preICO phase began, where LED tokens are pre-sold. Now you can invest in a project by buying tokens for 0,0002 ETH per 1 LED. The main feature of the token is deflation, which will be supported by burning coins. This will stimulate the acceptance of payment tokens by various companies, and hence the expansion of the TeraWatt network. Initially, 100 million tokens will be released.
Concluding, we can say that the project team took the original idea, which would solve the daily problems of the high utility bar, reduce the burden on the network and solve environmental problems.
Token Info
Price in ICO : 1 LED = 0.40 USD
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 such as Bitcoin. Terawatt aims to address other renewable sectors such as Solar, Wind, Electric Vehicles after proof of concept is achieved with LED
Our mission
This is because of 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
The funds invested will be collected in the pool, and the global community "TeraWatt" will decide which projects will be financed and how many.
Since July, the preICO phase began, where LED tokens are pre-sold. Now you can invest in a project by buying tokens for 0,0002 ETH per 1 LED. The main feature of the token is deflation, which will be supported by burning coins. This will stimulate the acceptance of payment tokens by various companies, and hence the expansion of the TeraWatt network. Initially, 100 million tokens will be released.
Concluding, we can say that the project team took the original idea, which would solve the daily problems of the high utility bar, reduce the burden on the network and solve environmental problems.
Token Info
- Token : LED
- Platform : Ethereum
- Type : ERC20
Price in ICO : 1 LED = 0.40 USD
Investment info
- Min : 0.2 ETH investment
- Receives : ETH
- Distributed in ICO : 65%
Hard cap : 13.500.000 USD
WEBSITE | WHITEPAPER | TELEGRAM | FACEBOOK | TWITTER | BOUNTY
Author : catur123
Eth : 0x6b85eA6ed28A887798D75DE9c4Db61479422C9E9
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