Terawatt Global LED Adoption Through Blockchain Technology
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.So, the project I am going to present you is https://terawattled.com/ Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption
What Is TeraWATT?
Terawatt is a blockchain-based startup with a focus on the renewable energy industry. The company has a major focus on the monetization and global adoption of LED. Developers of this project will create a DAO and a deflationary-based Ethereum-powered private currency, which will be used for global payments.
This DAO is going to be funded and utilized by LED Sellers, Utility Companies, token holders, businesses, and energy customers globally. The DAO will be a decentralized global insurance fund that ensures utilities and businesses can always access funding, which often runs out, to subsidize LED sales to energy consumers.
TeraWATT Decentralized DAO LED Lighting Adoption Project
A DAO is a next generation organizationEthereum is more than just a crypto coin because of smart contracts. These smart contracts let anyone create a trust agreement without the need for a middleman. The Bitcoin was designed to be an asset and a currency.
One of the main reasons to invest in this DAO is that there is a high chance of making profits. You will also be able to direct funds via voting on community proposals and help drive the adoption of LED globally. The supply of the Terawatt token will rapidly decrease via a coin-burning algorithm. Besides that, Terawatt plans to use 50-75% of the profits to buyback and burn the LED ICO tokens.
TeraWATT LED Token ICO Details
Parameters Of The ICO
- Token Ticker: LED
- Total Tokens: 100,000,000 LED
- Private sale Date: June 2018
- Pre-ICO Date: July 2018
- ICO Date: September 2018
- Cap: $11,460,000
LED Token Utility:
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
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.
We aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.
Leverage blockchain technology to help reduce global lighting electricity consumption 50 percent (roughly 2000 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 tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s.
For more information about the Project, please visit the following links:
Bitcointalk username: Mrtenex
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1212994