TERAWATT: Adopting a global LED by creating a decentralized autonomous organization (DAO)
In recent years, energy consumption for domestic lighting has grown rapidly. This is due to the construction of larger houses and the installation of more fixtures on the house. Lighting now consumes from 8 to 15% of the average electricity budget. Inefficient light bulbs create both unnecessary greenhouse gas emissions that contribute to climate change and overly exorbitant electricity bills.
Most homes can reduce the amount of energy they use for lighting by 50% or more, making a more intelligent choice of lighting and moving to more efficient technologies. Terawatt will help solve this problem by adopting LED solutions. What is Therawatt? and how does it work? Here is a quick overview about this.
TERAWATT, found on the Internet at https://terawattled.com/, is a blockchain-based renewable energy startup that focuses on monetization and global LED decision making. To do this, Terawatt will create a decentralized autonomous group (DAO) and a deflationary platform based on Ethereum, which will be used for global payments.
For those who are not yet familiar with the decentralized autonomous group (DAO), DAO is an organization that was designed for automation and decentralization. He acted as a form of open source venture capital fund and without a typical management structure or board of directors. To be completely decentralized, the DAO was not affiliated with any particular national state, although it used the ethereum network.
The idea of such a management model has circulated in the cryptocurrency community since Bitcoin managed to get rid of intermediaries in financial transactions. Similarly, the main idea of DAO is to create a company or organization that can fully function without hierarchical management.
DAO uses the Ethereum franchise contract to finance financing as it pays people for the work they do. Like a traditional company, DAO was created for profit.
In Theravatta, the DAO will act as a decentralized global insurance fund to ensure that utilities always have access to financing subsidized gross LED sales for their energy prospects. This DAO will be funded and used by LED retailers, utility companies, token holders, businesses and energy consumers around the world.
The Terawatt project will be implemented on Ethereum-based technologies. Therawatt will manipulate block contracts. The Terawatt algorithms confirm that the consumer actually bought the bulbs from a suitable seller and added a transaction to the block chain. Smart contracts will fulfill and manage the entire process.
The main reasons for investing in this DAO is a high probability of making a profit, send funds by voting on community suggestions and help stimulate LED adoption around the world. Businesses want LEDs because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax breaks. Initial cost was a problem, but Terawatt will help overcome this. All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO.
In addition, in the future, Terawatt also seeks to do this for GAS, SOLAR and WIND, Electric Vehicles, and so on. The LED is only the beginning of Terawatt titanium. The LED will be proof of concept, and then it will get a snowball from there to these other sectors.
The Terawatt (LED) marker is built on the Ethereum block chain and complies with the ERC-20 standard. With a total number of tokens - 100 million LEDs. The supply of the LED will quickly decrease using the coin burning algorithm. Terawatt will use 50-75% of the company's profits for the buy-out and record (LED) ICO Tokens.
According to the technical document https://terawattled.com/assets/Terawatt.pdf, Terawatt LED ICO is carried out according to the following schedule:
Private sale: June 2018
Preiko: July 2018
ICO: September 2018
While the distribution of tokens will be made in the following manners: sales of participants - 65%, team and advisors - 20%, growth and incentives - 15%.
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