Terawatt - Global LED Adoption Through Blockchain Technology

haisesasaki (29)in #blockchain • 6 years ago

The situation
Inefficient light bulbs will be creating both greenhouse gas emissions, and which can be leading to climate change, and also exorbitant electricity invoices for individuals as well as authorities.

The Answer
Terawatt will produce a DAO, plus a brand new Ethereum-based, personal (zk-SNARKS) money for international payments. The DAO is going to be financed and utilized by Utility businesses, L.E.D. Sellers, Firms, token holders, along with energy clients worldwide. Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. The DAO will behave like a decentralized international insurance finance to make sure Utilities (and companies ) have access to financing (which runs outside ) for subsidizing L.E.D. earnings for their own energy clients (or even for companies and people to conquer the upfront expense of updating into L.E.D.s).

What's a DAO?
The DAO can be really a nextgeneration firm that'll alter the way in which we make products and share benefit. "The DAO has become the most significant crowdfunded job of alltime. Even in under monthly that the organization includes a current market cap of about $140 million. Therefore what may be that the DAO really? In other words, that the DAO is really a self-running firm. It does not have any directors, no managers no employees -- not at the traditional sense of these language.
DAO represents (Decentralised Autonomous Organisation) and it's powered with a crypto currency named Ethereum. To understand the way a DAO works necessitates a quick excuse of Ethereum. This is actually the long run of hope. .
For organizations and regular users, The DAO might help supply them with all the funds required to afford updating their present lights to LEDs.

Features

LED Incentives
Terawatt Token will behave as a rewards system for every single L.E.D. bulb purchase which is supported by our patent-pending procedure. This functions as a motivation for users to buy LEDs for home, organizations, or government usage and support them through our port.

Data storage
Light emitting diode purchase records might be safely kept from the Terawatt ecosystem. This permits the buying thing to reunite at that time and also have most their LED along with other Energy Star Rated Purchase records available. The person pays a tiny nominal fee to get into the files.

Community Based Governance
Donated funds may be locked into a pool, and also the world wide Terawatt community will probably vote/decide on exactly what projects have financed and how much funds is going to be given or put on the other side for all these endeavors.

Masternodes
We plan to possess Masternodes if the Ethereum Blockchain enables for this. Masternodes will help to further secure and decentralize the Terawatt network.

Decentralized Autonomous Organization Funding

Benefits
-Mild immediately, such as a bulb bulb
-They remain cool to the touch after usage
-Last around five times more than CFLs
-Without any sensitivity to cold Weather
-Can not include mercury
-Some versions may be utilized with a dimmer switch
-Available in soft, warm, and bright white hues

ICO Token
The Terawatt token can have many utility functions:

Used as a secure, personal (zk-SNARKS), fast, low cost, decentralized payment currency at Utility corporations, diode Bulb Sellers, and the other interested merchants
permits entry to the DAO, staking/voting skills, powers the DAO system with Ethereum good Contracts
permits access to decentralized immutable renewable tax knowledge records (for alittle fee), used as money incentive to verify L.E.D. bulb purchases
Incentive - The Terawatt Token/Currency acts as a souvenir for every L.E.D. bulb/fixture purchase that is verified by our patent-pending method. This is Associate in Nursing incentive for users to get LEDs for home, businesses, or government use and verify them through our interface
Data Storage - diode purchase records could also be firmly keep within the Terawatt system. this enables the getting entity to come back at tax time and have all of
their diode and alternative Energy Star Rated Purchase records without delay obtainable. The user pays alittle token fee to access the records once more.
Masternodes - once Ethereum makes it obtainable. this can facilitate to more secure and change the Terawatt system, whereas providing edges like residual rewards and DAO voting/staking power to token holders.

Name Token : Terawatt Token
Symbol Token: LED
Platform: Ethereum
Private sale: June 2018
PreICO: July 2018
ICO: September 2018
Cap: $11,460,000
Token price of Pre-ICO: $0.30 USD
Token price of ICO: $0.40 USD
Total Supply: 100 Million Tokens
Circulating Supply: 65 million

Roadmap