Terawatt - Global LED Adoption Through Blockchain Technology

What is Terawatt?
Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption.

Terawatt will create a DAO, and also a deflationary Ethereum-based, private(zk-SNARKS) 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 like a decentralized global 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 and people to overcome the upfront cost of upgrading to L.E.D.s).

Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, (no exit fee if LED purchase is verified), profit taking fees (like an exchange), carbon tax data storage fees, purchase record access fees (for businesses using our tokens as payment), carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens.

The Features LED Token Utility

LED Incentives: Terawatt Token will act as a rewards system for each L.E.D. bulb 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.

Community Based Governance: Donated funds may be locked into a pool, and the global Terawatt community will vote/decide on what projects get funded and how much funding will be provided or set on the side for these projects.

Masternodes: We aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.

Mission

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 due to our continuous coin burning algorithm. 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 pool, the more voting power, rewards, and staking rewards they can receive. This will further increase token value due to the network effect. (Metcalfe’s Law)

The Benefits of 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.

Roadmap

2017 : Project Conception, Whitepaper Drafted, Patent Filed
Dec 2017 : Team Building- Acquired CTO, COO, And Advisor
Jan 2018: Whitepaper/Website, Trademark Granted, Listed On KICKICO
Feb 2018: Building Presence, Token Presale Site Under Development
June 2018: Private Sale Launch, Development
August 2018: PreICO
Oct 2018: ICO, DAO Construction Begins
Nov 2018: Acquire Key Partnerships And Meet With More Utility Companies
Dec 2018: Exchange Listing(S), Hire More Devs
Jan 2019: Mobile Wallet Release, Continue Development
Feb 2019: Masternode And DAO Testnet
Mar 2019: Fully Functional User Interface Released, DAO Mainnet Online
Apr 2019: Devcon And Acquire More Partnerships
May 2019: Receipt Verification/Tax Incentive Utility/LED Token Development
Jan 2020: Expansion Of Terawatt’s LED Ecosystem Into Related Sectors

Token info

Token: LED
Platform: Ethereum
Token Price 0.4 USD
Total raised 10,852,570 USD
Token for sale 65,000,000 LED (65%)
Token supply 100,000,000 LED
Soft cap 2,000,000 USD
Hard cap 11,460,000 USD

Team

Detail

Website: https://terawattled.com/
Whitepaper: https://terawattled.com/assets/Terawatt.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4180151.0
Telegram: https://t.me/TeraWattICO

Author:

Bitcointalk username: huancoin
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1722448