(ICO)Terrawatt - Global LED Adoption Through Blockchain Technology

Hallo meet again with me gonizar, I will explain Blog I will introduce about TeraWATT project, and for more details let’s go to the following discussion :

Terawatt is a patented process for the renewal and use of renewable energy sources, with an emphasis on monetization and the decision-making of global LED lighting. Terawatt will create DAO, as well as deflationary, private (zk-SNARKS) currency Ethereum for global payments. The DAO will be financed and used by utility companies, LED vendors, businesses, tokens holders and energy consumers around the world.

The DAO will act as a decentralized global mutual / insurance fund, so customers (and businesses) will always have access to financing to subsidize LED sales to their energy consumers (or to upgrade the business to LED solutions). Total delivery: 100 million tokens.

Circulation Supply: 65 million (the proposal will exponentially decrease in the s-curve to 1 million tokens over time). This is due to our continuous algorithm of burning coins. Terawatt will automatically use 50-75% of the company's profits from DAO's entry / exit fees, while others will use it to buy back and daily tokens.

About Terawatt

We are using blockchain technology to reduce world energy consumption by 20 percent (about 2000 terawatts) by 2035, and to increase light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt seeks to address other renewable industries such as Solar, Wind, Electric Vehicles, after the proof of the success of the concept will be achieved thanks to the LEDs.

Mission

Terawatt will automatically use 50-75% of the company's profit from DAO entry / exit fees, commissions for profit (for example, exchange), time bills, fees for storing data on carbon taxes, carbon credits and even commission interest sales to buy tokens. This is similar to the BNB token, but they burn tokens every quarter, we will burn 24/7.

Our customers and other businesses will want to accept our payment tokens because our deflation level is much larger than all FIAT currencies, and most, if not all, of cryptoconventions / tokens, as well as more private and secure with zk-SNARKS and masternodes. Moreover, the more tokens come into the DAO fund, the more votes, profits and rewards they can get. This will further increase the cost of the token due to the network effect. (The Law of Metcalfe).

Problem lighting / solution

Inefficient light bulbs create both unnecessary greenhouse gas emissions that contribute to climate change, and unnecessarily exorbitant electricity bills for peoples and governments. Terawatt will help solve this problem by adopting LED lighting.

LED solutions have never been more affordable or affordable than now. With several discount programs and incentives, more cities are making the transition to street street lighting. And why not?

As we all know, LEDs are energy efficient and durable, which means huge savings on energy, as well as reduced maintenance costs. But what about the other advantages? Such as reducing crime, safer areas and overall improvement? These are all the advantages that LED street lighting can offer compared to the orange glow of high pressure street lighting (HPS), which still illuminates most of our streets and neighborhoods.

Why do we need a chain?

> Create an unchanged decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions

> We need sophisticated intellectual contracts to manage DAO

> We need transparency, immutability, decentralization and verification of all transactions performed on the platform

> Extremely precise automation of processes

> It is convenient to work with other cryptresources in an increasingly digital world. Integration with other projects in the block chain (product tracking, verification, expansion of the ecosystem, etc.)
Reliability and fault tolerance

EXAMPLE OF RESEARCH: LOS ANGELES WILL ACHIEVE $ 8.7 MILLION. ANNUAL SAVINGS OF ENERGY

Why LED?

Benefits

> Turned on immediately as an incandescent lamp

> They remain cool to the touch even after use

> Work up to five times longer than CFL

> Absence of sensitivity to cold temperatures

> Do not contain mercury

> Some models can be used with a dimmer switch

> Available in soft, warm and bright white shades

Lamps with low energy use less than 20% of the energy of a conventional light bulb and can work up to 15 times longer. " -Carbonfootprint.com

Description of the token

Our project will use Ethereum to release and create tokens mainly because it has a basic foundation that our technologies will implement. Teravatt will manipulate block contracts. Our token will be the standard ERC20 marker with some specific modifications. Our algorithms will confirm that the consumer actually purchased the light bulbs from the appropriate vendor and add the transaction to the block chain. Smart contracts will perform and manage the entire process.

Features

LED Token Utility

LED Incentives

Terawatt Token will act as a rewards system for each L.E.D. bulb purchase that's verified by our patent-pending process. This serves as an incentive for users to purchase LEDs for home, businesses, or government use and verify them through our interface

Data Storage

LED purchase records may be securely stored in the Terawatt ecosystem. This allows the purchasing entity to return at tax time and have all of their LED and other Energy Star Rated Purchase records readily available. The user pays a small token fee to access the records again.

Community Based Governance

Donated funds may be locked into a pool, and the global Terawatt community will vote/decide on what projects get funded and how much funding will be provided or set on the side for these projects.

Masternodes

We aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.

The DAO

Decentralized Autonomous Organization Funding

Token Contribution Charts

Token Utilization

Details of ICO

Private sale: June 2018 

PreICO: July 2018 

ICO: September 2018 

Cap: $11,460,000 

Competitors: None

Total Supply: 100 Million Tokens

Circulating Supply: 65 million

(supply will decrease exponentially in an s-curve fashion to as low as 1 million tokens over time).

ROADMAP

> 2017 : Project Conception, Whitepaper drafted, Patent Filed

> Dec 2017 : Team Building- Acquired CTO, COO, and Advisor

> Jan 2018 : Whitepaper/Website, Trademark Granted, Listed on KICKICO

> Feb 2018 : Building Presence, Token Presale site under development

> June 2018 : Private Sale Launch, Development

> July 2018 : PreICO

> Sep 2018 : ICO

> Oct 2018 : DAO construction begins, Exchange Listing(s), Hire more Devs

> Nov 2018 : Acquire key partnerships and meet with more Utility companies

> Jan 2019 : Mobile Wallet release, continue development

> Feb 2019 : Masternode and DAO testnet

> Mar 2019 : Fully Functional User Interface Released, DAO Mainnet Online

> Apr 2019 : Devcon and Acquire More Partnerships

> May 2019 : Receipt Verification/Tax Incentive Utility/LED Token Development

> Jan 2020 : Expansion of Terawatt’s LED Ecosystem into related sectors

Meet the Team

As a result, I would like to say that people really do not think much about improving the environment. And I think it's time to change something in life. Therefore, I think the creators of the TeraWatt project did not simply touch upon this topic and we should support it. If you have any questions or would like to participate in this project, then I have indicated all the official sources below:

Website: https://terawattled.com/

White Paper: https://terawattled.com/assets/Terawatt.pdf

ANN: https://bitcointalk.org/index.php?topic=4180151.0

Twitter: https://mobile.twitter.com/terawatt_led

Facebook: https://m.facebook.com/Terawatt/about

YouTube: https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ

Author : gonizar

My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2283109

My Eth : 0xA7c37b4e46d978527177715832B9B17a0F1f96E4