TERAWATT - The Global LED Adoption Through Blockchain Technology
I want to say a very big ''thank you'' to all of my subscribers for their followership, the market is not so encouraging as at today 10th of December, 2018. but to my greatest surprise, the project i am about to introduce to you today, despite all odds have gained wide acceptance across the world and the cryptocurrency community at large. The project by the name **TERAWATT, ** is based on Blockchain technology and a patented company of renewable energy sources with a strong focus on monetization and worldwide introduction of LED.
Before we go further on today's topic, let's remind ourselves what Blockchain technology is and its advantage.
WHAT IS BLOCKCHAIN
According to wikipedia, Blockchain is originally known as bloc chain, It is a growing list of records known as blocks which is linked using cryptography, each of these blocks contain a cryptographic hash of the initial block, a transaction data and a time stamp.
Since its emergence in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases.
The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.
ADVANTAGES OF BLOCKCHAIN:
- Decentralised payment processing,
- Creating an immutable system of recording,
- Reducing Cost of Transaction and
- Enhanced Security.
Now that we have reminded ourselves of what blockchain technology is, let's look into the subject matter.
OVERVIEW OF TERAWATT
Terawatt is 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.
Additionally, 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 MISSION OF TERAWATT
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 BENEFITS 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
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 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
TOKEN DISTRIBUTION
ALLOCATION OF FUNDS
ROADMAP AND DEVELOPMENTAL PLAN
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
THE AMAZING TEAM
YOU DON'T WANT TO MISS THIS AMAZING PROJECT.
KEY INTO IT AND NEVER REGRET.
FOR MORE INFO, CLICK ON THE LINK BELOW:
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
PUBLISHER
**bayo88
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2407711