TERAWATT - Creating Decentralized Autonomous Organization (DAO)

in #bitcoin6 years ago

Hello everyone, If you are interested in joining the Terawatt project, it is a good idea to read reviews that can help you get information that might help you in seeing their vision and mission, as follows:

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 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).

Total Supply: 100 Million Tokens
Circulating Supply: 65 million
Private sale: June 2018
PreICO: July 2018
ICO: September 2018
Cap: $11,460,000
Competitors: None

(supply will decrease exponentially in an s-curve fashion to as low as 1 million tokens over time).

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 fund, the more voting power, profits, and staking rewards they can receive. This will further increase token value due to the network effect. (Metcalfe's Law)

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.

The DAO
Decentralized Autonomous Organization Funding

Token Contribution Charts
Token Utilization

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
July 2018 PreICO
Sep 2018 ICO
Oct 2018 DAO construction begins, Exchange Listing(s), Hire more Devs
Nov 2018 Acquire key partnerships and meet with more Utility companies
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

You can find out more about the platform or participate in their crowd sales through the following links:

WEBSITE WHITEPAPER
FACEBOOK TWITTER
TELEGRAM

Bitcointalk username:Aray80

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