Use blockchain technology to reduce world energy consumption by 20 percent (about 2000 terawatts) by 2035, and also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt seeks to address other renewable sectors, such as solar, wind, electric vehicles, after the concept's proof is achieved with LEDs.
Method:
Terawatt will create a decentralized autonomous organization (DAO), and also create a strongly deflationary currency based on Ethereum for global payments. DAO will be financed and used by utility companies, LED vendors, businesses, owners of tokens and energy consumers around the world. The DAO will act as a decentralized global mutual / insurance fund so that utilities (and businesses) always have access to financing (which is constantly drying up) to subsidize LED sales to their energy consumers (or to upgrade the business to LEDs).
This is a major advantage for utility companies, as they want 100 percent of their customers to have energy-efficient lights due to progressive grid overload, which forces energy companies to build (and maintain) expensive (hundreds of millions of dollars) power stations to meet demand, They are also authorized government agencies (ie, the US Department of Energy and the US Environmental Protection Agency) to increase LED adoption in their respective markets. Enterprises want LEDs because they cut bills for electricity, increase light output, reduce maintenance costs and qualify them for tax breaks. The initial cost was a problem, but Terawatt will help overcome this.
The telentate token will also be used as a currency similar to ETH in any commercial or utility company that will accept it as a payment method. DAO members with businesses will want to accept Teravatt tokens as payment, because they will receive an increased voting power / stake in the DAO, and also because it is much more deflationary than FIAT or other cryptic costs due to the constant structure of co-incineration, which is equal to potentially increases profitability.
Energy companies and other tokens will buy our tokens in the DAO, we charge entrance and exit fees, and when they sell their position, we take a percentage of their profits (for example, mutual fund or replacement.). We will take 50-75% of this profit for redemption and burn our own tokens daily (for each transaction). With Terawatt, all people and businesses can have uninterrupted access to low-cost / free LEDs products, which significantly reduces their purchasing costs, electricity bills, increases global lighting efficiency and, in turn, reduces global greenhouse gas emissions.
The current (LED) current can or can not exponentially increase as more energy companies (and energy buyers / consumers / other companies) realize the benefits of using our tokens and joining the DAO (Metcalf's law), thereby increasing demand, and reduction of supply.
Through the use of DAO, the key partnerships (We actively support cooperation and partnerships with utility companies globally), deflationary supply, token incentives and glutton marketing, Terawatt seeks to help put LEDs in all commercial, industrial (street lights), public and residential buildings / facilities around the world and effectively increase the transition from less efficient incandescent lamps, metallic halides (MH), high pressure sodium (HPS) and compact fluorescent
Token owners will also be able to find and use applicable discounts for instant taxes, look for tax credits, and then safely store purchase data on the network for later use when filing their taxes. Participants can buy, sell, save with masternodes (if any), vote, donate or hold (LED) tokens that will use the Terawatt ecosystem.
Our mission
This is due to our continuous algorithm of burning coins. Terawatt will automatically use 50-75% of the company's profits from commissions for DAO entry / exit, commissions for profit (for example, exchange), commissions for timing, fees for storing data on carbon taxes, carbon credits and even from the LED branch Commission sales for foreclosure and recording (LED) tokens. This is similar to the BNB token, but they burn every quarter, we will burn 24/7.
Utilities and other businesses will want to accept our payment tokens, because our deflation level is much larger than all FIAT currencies, and most, if not all, of cryptoconventions / tokens, as well as more private and secure with zk-SNARKS and masternodes when they are available. Moreover, the more tokens they need to enter the DAO fund, the more votes, profits and rewards they can get. This will further increase the token due to network effect. (Law of Metcalfe)
Lighting problem / solution
Inefficient light bulbs create both unnecessary greenhouse gas emissions that contribute to climate change, and excessively exorbitant electricity bills for peoples and governments. Terawatt will help solve this problem by
adopting LED driving
LED solutions have never been more affordable or affordable than now. With several discount programs and incentives, more cities are making the transition to street street lighting. And why not? As we all know, LEDs are energy efficient and durable, which means huge savings on energy, as well as reduced maintenance costs. But what about the other advantages? Such as reducing crime, safer areas and overall improvement? These are all the advantages that LED street lighting can offer compared to the orange glow of high pressure street lighting (HPS), which still illuminates most of our streets and neighborhoods.
Why do we need a chain?
Create an unchanged decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions
We need complex intellectual contracts to manage DAO
We need transparency, unchangeability, decentralization and verification of all transactions performed on the platform
Extremely precise process automation
It is convenient to work with other cryptresources in an increasingly digital world. Integration with other projects on the block chain (product tracking, verification, expansion of the ecosystem, etc.)
Reliability and fault tolerance
Why L.E.
Benefits
Light up immediately like an incandescent lamp
They stay cool to touch even after use
Last up to five times longer than CFL
No sensitivity to cold temperatures
Mercury
-free Some models can be used with dimmer switch
Available in soft, warm and bright white hues.
"Low energy lamps use less than 20% of the energy of a conventional light bulb and can last up to 15 times longer." -Carbonfootprint.com
Description of the token
Our project will use Ethereum to release and create tokens mainly because it has a basic foundation that our technologies will implement. Teravatt will manipulate block contracts. Our token will be the standard ERC20 marker with some specific modifications. Our algorithms will confirm that the consumer actually purchased the light bulbs from the appropriate vendor and add the transaction to the block chain. Smart contracts will perform and manage the entire process.
Features
Information about the token
LED indicator
Platform Ethereum
Type ERC20
Price PreICO ** 1 LED = 0.30 USD **
Price in ICO 1 LED = 0.40 USD
Investment information
Minimum investment 0.2 ETH
Adoption of ETH
Distributed in ICO 65%
Soft cover $ 500,000
Hard cover $
13,500,000 Road map
2017
Project concept, prepared technical document, filed patent
December 2017
Team Building - Acquired Technical Director, Chief Operating Officer and Advisor
January 2018
Technical Document / website, trademark, listed on KICKICO
February 2018
Building Presence, Token Presale site, in development
June 2018
Private sale, more development and marketing
July 2018
Preiko, DAO construction
August 2018
ICO, launch of a token, purse issue, apply to exchanges
October 2018
DAO testnet, Mobile Wallets, Find partnerships
December 2018
DAO mainnet online, Masternode announcement
February 2019
Fully functional user interface, network improvements
April 2019
Devcon, get more partnerships
May 2019
Confirmation of checks / Tax incentive utility / Token development
July 2019
Terawatt LED ecosystem extension
team
For more information
Website: https://terawattled.com/
Technical documentation: https: // ter awattled.com/assets/Terawatt.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4180151.0
Telegram: https://t.me/TeraWattICO
My profile Link : https://bitcointalk.org/index.php?action=profile;u=2251262;sa=summary
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