TeraWATT ICO REVIEW
The Blockchain technology is rightly adjudged аѕ оnе оf thе grеаtеѕt trеndіng tоріс іn rесеnt times. Wіth еасh раѕѕіng dау, thе fіrе wаxеѕ stronger аѕ thе blосkсhаіn revolution аlоngѕіdе сrурtосurrеnсу seek tо upset and eventually take over the current financial systems. Thrоugh various dесеntrаlіzаtіоn аррrоасhеѕ, thе сrурtосurrеnсу іnduѕtrу аѕ well аѕ оthеr dіgіtаl fіnаnсіаl ѕеtuрѕ ѕееk tо overthrow thе rаthеr fаultу сеntrаlіzеd ѕуѕtеmѕ rіddlеd wіth monopolistic dоmіnаnсе by only thе elite аnd top рlауеrѕ іn the rеѕресtіvе industry. The rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is TERAWATT which has developed a project that will help help aggressively drive LED (Light Emitting Diode) lighting adoption by creating a Decentralized Autonomous Organization (DAO) that will be funded and utilized by major utility companies and energy customers worldwide.
What 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. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin
Terawatt wants to help development lighting adoption LED (Light Emitting Diode) by creating a Decentralized Autonomous Organization (DAO) that will be funded and utilized by major utility companies and energy customers worldwide. The use of LEDs it needs to get special attention so that the gas emissions of the greenhouse effect is reduced. Because in the year 2015 contributor to greenhouse gas emissions in the electricity sector of about 29% in the US and another country increasingly increased 4 x more since the year 1990.
Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s and also 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).
Terawatt will create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin and the Terawatt token will also be used as a currency similar to ETH at any business or utility company that will accept it as a method of payment for DAO members. With 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.
Decentralized Autonomous Organization Funding
The Benefit Of Using L.E.D
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
The Features LED Token Utility
The Terawatt token will have several utility functions:
Used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants.
Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts.
Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentive to verify L.E.D. bulb purchases.
Incentive — The Terawatt Token/Currency acts as a reward for each L.E.D. bulb/fixture 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.
Masternodes — When Ethereum makes it available. This will help to further secure and decentralize the Terawatt ecosystem, while providing benefits like residual rewards and DAO voting/staking power to token holders
TOKEN AND ICO DETAILS
Token - LED
Platform - Ethereum
Type - ERC20
PreICO price ** 1 LED = 0.30 USD**
Price in ICO 1 LED = 0.40 USD
Min. investment 0.2 ETH
Distributed in ICO 65%
Soft cap 500,000 USD
Hard cap 13,500,000 USD
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.
TERAWATT TOKEN USE CASES
Terawatt Token will be used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants.
Being a Payment Currency, Terawatt will be accepted by utility companies and businesses around the world.
The Terawatt Token will be used as an incentives, it will also serve as a reward system for each L.E.D. bulb purchased,
The Terawatt token will be providing benefits like residuals and staking/voting power to token holders.
It allows entry to the DAO, staking/voting abilities, and it powers the DAO ecosystem with Ethereum Smart Contracts.
Terawatt Token will be used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Website: Website: https://terawattled.com/
Whitepaper: White paper: https://terawattled.com/assets/Terawatt.pdf
Ann thread: ANN: https://bitcointalk.org/index.php?topic=4180151.0
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409