Terawatt — Global LED Adoption Through Blockchain Technology
Hello everyone here, as I always do I welcome you guys once again to my little world that I always used to share my views about blockchain projects and startups. In this post, the project that I will be sharing with you guys is terawatt and I will try all my possible best to summarily share what you guys ought to know about this project. There’s no time to waste, let’s ride on.
WHAT IS TERRAWATT?
Terawatt is a startup based on a chain of blocks with a focus on the renewable energy industry. The company focuses mainly on the monetization and global adoption of LEDs. The developers of this project will create a DAO and a private currency based on deflationary etheric, which will be used for global payments.
Terrawatt Leverage on 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.
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.
Kindly watch the video presentation below.
THE LIGHTNING PROBLEMS
Inefficient light bulbs are creating both unnecessary 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.
THE LIGHTNING SOLUTIONS
LED lighting solutions have never been more accessible or affordable than now. With multiple rebate programs and incentives, more cities are making the switch to LED street lighting. And why wouldn’t they? As we all know by now, LEDs are energy-efficient and long-lasting which means huge savings on the 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 street lighting can offer compared to the orangey glow of the high pressure sodium (HPS) street lighting still illuminating most of our streets and neighborhoods.
WHY BLOCKCHAIN IS NEEDED IN TERAWATT
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.
For Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform.
It has extremely precise process automation.
It becomes convenient to work with other cryptocurrencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions).
It is reliable and fault tolerance.
ABOUT THE DAO
Decentralized Autonomous Organization Funding
TOKEN DESCRIPTION
Our project will use Ethereum to issue and create tokens mainly because it has the base foundation that our technology will implement. Terawatt will manipulate the blockchain smart contracts. Our token will be a standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer has actually purchased the bulbs from a suitable seller and add the transaction to the blockchain. Smart contracts will execute and manage the entire process.
TOKEN INFORMATION
Token – LED
Platform – Ethereum
Type – ERC20
PreICO price – 1 LED = 0.30 USD
Price in ICO – 1 LED = 0.40 USD
Investment info
Min. investment – 0.2 ETH
Accepting – ETH
Distributed in ICO – 65%
Soft cap – 500,000 USD
Hard cap – 13,500,000 USD
ROAD MAP
2017
Project Conception, Whitepaper drafted, 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
DAO mainnet online, Masternode announcement
February 2019
Fully Functional User Interface Released, Mainnet improvements
April 2019
Devcon, Acquire More Partnerships
May 2019
Receipt Verification/Tax Incentive Utility/LED Token Development
July 2019
Expansion of Terawatt’s LED Ecosystem
MEET THE TEAM
The LEDs are just the beginning of the giant that will be Terawatt. The LEDs will be proof of concept and it will snowball in other areas. Once utility companies gain countless benefits from being part of the OFA, they will be more than happy to join.
All businesses and interested consumers can buy LED tokens; they are not limited to utility providers. This will help increase the network effect. Currently, founders have an increasingly decentralized fund as more tokenholders join them. They also aim to do this for SOLAR, WIND, GAS, electric vehicles and other green technologies.
YOU DON’T WANT TO MISS THIS AMAZING PROJECT.
KEY INTO IT AND NEVER REGRET.
For more information, please visit:
Website : https://terawattled.com/
Whitepaper : https://terawattled.com/assets/Terawatt.pdf
Facebook : https://m.facebook.com/Terawatt/about
Twitter : https://mobile.twitter.com/terawatt_led
Telegram : https://t.me/TeraWattICO
Author,
teejay4
BITCOINTALK PROFILE
Comments
Post a Comment