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TERAWATT - Global LED Adoption Through Blockchain Technology

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A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Terawatt, a based on Blockchain technology and a patented company of renewable energy sources with a strong focus on monetization and worldwide introduction of LED has arrived.

Before I take you on this voyage, please check out this video presentation

Now that I have your attention, let’s get right to it.

What exactly is TERAWATT?

Terawatt is a based on Blockchain technology and a patented company of renewable energy sources with a strong focus on monetization and worldwide introduction of LED. The company creates a DAO based on Ethereum, a private currency for global payments. The DAO will be financed and used for utilities, vendors, organizations, tokens holders, and energy consumers on the entire planet. The DAO will exist as a decentralized global insurance fund for providing public services, access to finance, and for subsidies.

Furthermore, 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.

The 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 mutual/insurance fund to ensure Utilities (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 ETH at any business or utility company that will accept it as method of payment. DAO members with businesses will want to accept Terawatt tokens as payment because they will gain increased voting/staking power in the DAO, and because it's much more deflationary than FIAT or other cryptocurrencies due to continual coin burning structure, which equals potentially increased profitability.

The power companies, and other token holders, will buy into the DAO with our tokens, we’ll charge a fee for entering and exiting, and when they sell their position, we take a percentage of their profits (like a mutual fund or an 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 uninterrupted access to inexpensive/free L.E.D.s 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 exponentially increase in value as more power companies (and buyers/energy customers/other companies) realize the advantages of using our tokens and of joining the DAO (Metcalfe’s Law), thereby 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, Terawatt aims to help put L.E.D.s in all commercial, industrial (street lights), government and residential buildings/facilities worldwide and efficiently increase the changeover from less efficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% L.E.D. lighting (Light Emitting Diode).

Token holders will also be able to find and utilize applicable instant tax rebates, search for tax credits, and then securely store this 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.

The Mission

Terawatt will automatically use 50–75% of company profits earned from 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 rate of deflation is much greater than all FIAT currencies and most, if not all, cryptocurrencies/tokens while also being more private and secure with zk-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.

The Features

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Why Blockchain?

To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions

Complex smart contracts to power the D.A.O. is needed.

Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform is needed.

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, and so on)

Reliability and fault tolerance

The Benefits

Light up immediately, like an incandescent bulb

They stay cool to the touch even 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

Token Sale and ICO Details

The Terawatt token will be a standard ERC20 token with some specific modifications. The 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 info

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

Token Distribution

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Allocation of Funds

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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 Amazing Team

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Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website : https://terawattled.com/

Whitepaper : https://terawattled.com/assets/Terawatt.pdf

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

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

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

Telegram : https://t.me/TeraWattICO

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Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.

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