Terawatt - Global LED Adoption Through Blockchain Technology
Leverage blockchain technology to help reduce global lighting electricity consumption by 50 percent (roughly 2000 maintained) 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. Maintained non-renewable sectors like Solar, Wind, Electric Vehicles after proof of the 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 fund / guarantee fund to Ensure Access (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 any business or utility company that will accept it as a method of payment. The DAO members with businesses will want to accept them as payment because they will gain increased voting / staking power in the DAO, and because it is much more deflationary than FIAT or cryptocurrencies due to continual coin burning structure, which equals increased profitability.
The power companies, and other token holders, will buy into the DAO with our tokens, we charge a fee for entering and exiting, and when they sell their position, we take a percentage of their profits (like a mutual fund). 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 access to inexpensive LES 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 potentially increase in value as more power companies (and buyers / energy companies / other companies) realize the advantages of using our tokens and of joining the DAO (Metcalfe's Law), thus 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, maintained aims to help put LEDs in all commercial, industrial (street lights), government and residential buildings / facilities worldwide and efficient increase the changeover from less efficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% LED lighting (Light Emitting Diode).
Tokens hold instant tax rebates, search for tax credits, and then 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 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 currencies and most, if not all, cryptocurrencies / tokens while also being more private and secure with 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 the value of the network effect. (Metcalfe's Law)
The Lighting Problem / Solution
Inefficient light bulbs are creating both necessary 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 rebates programs and incentives, more cities are making the switch to LED street lighting. And why would they not? As we all know by now, LEDs are energy-efficient and long-lasting which means huge savings on 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 can offer street lighting 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 verification of all transactions performed on the platform
Extremely precise process automation
It becomes convenient to work with other cryptocurrencies and is 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 event 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 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. Execute contracts and manage the entire process.
The Features
Token info
LED Token
Ethereum platform
Type ERC20
PreICO price 1 LED = 0.30 USD
Price in ICO 1 LED = 0.40 USD
Investment info
Min. investment 0.2 ETH
Accept ETH
Distributed in ICO 65%
Soft cap of 500,000 USD
Hard stamp of 13,500,000 USD
Roadmap
2017
Project Conception, drafted Whitepaper, 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
Online mainnet DAO, Masternode announcement
February 2019
Fully Functional User Interface Released, Mainnet improvements
April 2019
Devcon, Acquire More Partnerships
May 2019
Verification / Tax Incentive Utility / LED Token Development Receipt
July 2019
Expansion of Terawatt's LED Ecosystem
Team
Website: https://terawattled.com/
Whitepaper: https://terawattled.com/assets/Terawatt.pdf
Ann Thread: https://t.me/TeraWattICO
Telegram: https://t.me/TeraWattICO
author:mandalawangi
bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1847983
ETH: 0x87199E95262c6ffdDbF42eB067CB6E2D778Ba666
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