Terawatt is a patented process for the renewal and use of renewable energy sources, with an emphasis on monetization and decision making on global LED lighting. Terawatt will create DAO, as well as deflation, private (zk-SNARKS) Ethereum currencies for global payments. The DAO will be funded and used by utility companies, LED vendors, businesses, token holders and energy consumers worldwide.
The DAO will act as a decentralized global mutual fund / insurance, so that customers (and businesses) will always have access to finance to subsidize LED sales to their energy consumers (or to increase business to LED solutions). Total shipments: 100 million tokens.
Circulation Supply: 65 million (the proposal will exponentially reduce the s-curve to 1 million tokens at all times). This is because the coin burning algorithm is continuous. Terawatt will automatically use 50-75% of the company's profits from DAO entry / exit fees, while others will use it to buy back and tokens every day.
About Terawatt
We use blockchain technology to reduce world energy consumption by 20 percent (around 2,000 terawatt) 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 strives to overcome other renewable industries such as Solar, Wind, Electric Vehicles, after proof of the success of the concept will be achieved thanks to LED.
Mission
Terawatt will automatically use 50-75% of company profits from DAO entry / exit fees, commissions for profits (for example, exchanges), time bills, fees for storing carbon tax data, carbon credits and even commission interest sales to buy tokens. This is similar to BNB tokens, but they burn tokens every quarter, we will burn 24/7.
Our customers and other businesses will want to receive our payment tokens because our deflation rate is far greater than all FIAT currencies, and most, if not all, of cryptoconventions / tokens, and more personal and secure with zk-SNARKS and masternodes. In addition, the more tokens entered into DAO funds, the more votes, profits, and rewards they can get. This will further increase the cost of tokens due to network effects. (The Law of Metcalfe).
Problem lighting / solutions
Inefficient light bulbs create unnecessary greenhouse gas emissions that contribute to climate change, and electricity bills do not need to be too high for the public and the government. 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 lighting. And why not? As we all know, LEDs are energy that is efficient and durable, which means large savings in energy, as well as reducing maintenance costs. But what about other advantages? Like reducing crime, safer areas and overall improvement? These are all the advantages that LED street lights can offer compared to the orange light from high pressure street lamps (HPS), which still illuminate most of our roads and environment.
Why do we need a chain?
Create decentralized, secure, private (zk-SNARKS) deflation currencies with utility functions
We need complex intellectual contracts to manage DAO
We need transparency, unchanging, decentralization and verification of all transactions carried out on the platform
Very precise process automation
easy to work with other cryptresources in an increasingly digital world. Integration with other block chain projects (product tracking, verification, ecosystem expansion, etc.)
Reliability and fault tolerance
EXAMPLE OF RESEARCH: LOS ANGELES WILL REACH $ 8.7 MLN. ENERGY ANNUAL SAVINGS
Why is LED?
Benefits
start immediately as incandescent
They remain cool to the touch even after use
to work up to five times longer than CFLs
lack of sensitivity to cold temperatures
does not contain mercury
Some models can be used with dimmer switches
available in soft, warm and bright white
"Low energy bulbs use less than 20% of conventional light bulb energy and can work up to 15 times longer." -Carbonfootprint.com
Description of tokens
Our project will use Ethereum to release and create tokens mainly because it has a basic foundation that our technology will implement. Teravatt will manipulate the block contract. Our tokens will be standard ERC20 markers with certain modifications. Our algorithm will confirm that consumers actually buy light bulbs from the appropriate vendor and add transactions to the block chain. Smart contracts will do and manage the entire process.
feature
Information about tokens.
- LED Token
- Ethereum platform
- Type ERC20
- PreICO 1 LED price = 0.30 USD
- Prices in ICO 1 LED = 0.40 USD
- Information about investment
- Minimum investment of 0.2 ETH
- Adoption of ETH
- 65% distributed in ICO
- Soft cover of 500,000 US dollars
- $ 13,500,000 hard cover
- Roadmap
- 2017
- Project concept, prepared technical documents, submitted patents
- December 2017
- Team Building - Technical Director Acquired, Chief Operating Officer and Advisor
- January 2018
- Technical document / website, trademark, registered with KICKICO
- February 2018
- The Presence Building, the Token Presale site, is under development
- June 2018
- Personal sales, more development and marketing
- July 2018
- Preiko, the construction of DAO
- August 2018
- ICO, launch of tokens, wallet release, are applied to the stock exchange
- October 2018
- DAO testnet, Mobile Wallet, Find partnerships
- December 2018
- Online mainnet DAO, Masternode ads
- February 2019
- Fully functional user interface, network repair
- April 2019
- Devcon, get more partnerships
- May 2019
- Confirmation of checks / Utilities for tax incentives / Token development
- July 2019
- Expansion of the Terawatt LED ecosystem
- Command
Further information:
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