Global LED - Adoption Through Blockchain Technology
Very good afternoon, dear community, I hope you are all well, I thank God for allowing me one more day of life and the opportunity to again share an article with all of you. Before I begin, I would like to tell you that whatever the situation we find ourselves in. The living God is by our side, he is there and he tells us in his word:
Even if an army encamps against me, He will not be afraid of my heart; Though war be waged against me, I will have confidence. A thousand shall fall at your side, and ten thousand at your right hand; but they shall not overtake you. Psalms 27: 3–91: 1
A few words that God gives us today to move forward, regardless of the situation we are living. It lifts us up again and again because we are victorious.Today I bring you a very peculiar and original article and very productive for all humanity, it is a great project for the vision and objectives that aims to achieve not only in the personal as a company, but also the mark that leaves everyone, without further preambles today. I want to talk about TeraWatt.
Inefficient light bulbs are generating unnecessary greenhouse gas emissions, which contribute to climate change, and unnecessarily exorbitant electricity bills for people and governments. Greenhouse gases trap heat and heat the planet. Human activities are responsible for almost all of the increase in greenhouse gases in the atmosphere over the past 150 years. The greatest source of greenhouse gas emissions from human activities is the burning of fossil fuels for electricity, heat and transport. If this calls us to become aware and rethink the damage we are causing to our planet, and it is here at this delicate point that we live as a society that TeraWatt offers us its great project that gives us the solution. to the adoption of the led.
TeraWatt
It is a blockchain-based startup with a focus on the renewable energy industry. The company has a primary focus on monetizing and adopting LEDs globally.
Mission
Terawatt will create a DAO , and also a deflationary token based on Ethereum, private (zk-SNARKS) for global transactions. The DAO will be funded and used by utilities, LED vendors, businesses, token bearers and energy customers worldwide. The DAO will act as a decentralized global mutual/insurance group to ensure that utilities (and companies) always have access to funds (which are constantly depleted) to subsidize LED sales to their energy customers (or for companies upgrading to LED).
Vision
We want to help aggressively drive the adoption of LED (light-emitting diode) lighting by creating a decentralized autonomous organization (DAO) that will be funded and used by major utilities and energy customers around the world.
Objective of TeraWatt
- The main objective of this project is to reduce electricity use by 2000 terawatts and nine billion greenhouse gas loads from electricity use worldwide.
- Create a Decentralized Autonomous Organization (DAO).
- Create a highly deflationary Ethereum-based currency for payments worldwide to advance the use of LED lighting.
- To compete with FIAT and digital alternatives such as Bitcoin. Terawatt aims to address other renewable sectors such as solar, wind, electric vehicles after the proof of concept is achieved with LEDS.
- Take advantage of blockchain technology to help reduce the electricity from global lighting.
- Use the Terawatt token as an ETH-like currency in any business or utility that accepts it as a payment method.
What is a DAO?
DAO is a next-generation organization that will change the way we create products and share profits.
Function
The DAO will act as a decentralized global insurance fund to ensure that public utilities (and companies) always have access to funds (which are constantly depleted) to subsidize LED sales to their energy customers (or for companies and individuals to exceed the initial cost of LEDs).
DAO Financing
Participants will add funds to the DAO in the form of Terawatt tokens (LED indicator). All interested businesses and consumers, not just public service providers, can purchase LED tokens and participate in the DAO. This will help to increase the network effect (Metcalfe Law). We now have a decentralized fund growing as more token holders join.
Why invest in this DAO?
High probability of making profits, to direct funds through voting community proposals and to help drive global adoption of LEDs. Terawatt’s signal supply will decrease rapidly and exponentially with a continuous coin-burning algorithm. Terawatt will automatically use 50–75% of the company’s profits from the DAO’s inbound/outbound networks, profit rates (such as an exchange), carbon data storage rates, carbon credits, and also sales commissions from LED affiliates to buy back and burn (LED). ) Fact sheets. This is similar to the BNB tab, but only burn each quarter.
Who can join the DAO?
All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO. This will help to increase the effect of the network (Metcalfe’s Law). We now have a decentralized fund growing as more and more token holders join. We also intend to do this for GAS, SOLAR, WIND, Electric Vehicles, etc. LEDs are just the beginning of the titan Terawatt will become. LEDs will be a proof of concept and then accumulate in these other sectors. Once utilities experience the countless benefits of joining the DAO, they will happily pay to join, and other companies that don’t will experience FOMO (fear of getting lost).
Token Description
Our project will use Ethereum to broadcast and create tokens mainly because it has the foundation that will implement our technology. Terawatt will manipulate the intelligent blockchain contracts. Our token will be a standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer actually bought the bulbs from a suitable vendor and add the transaction to the block chain. Intelligent contracts will execute and manage the entire process.
How will LED Token be implemented?
Our token will use POS to help with emissions and keep the environment clean and green. Our first implementation will be in the Ethereum Casper Network using Stake Testing. This network can terminate block messages in constant O (1) time. This is contrary to the O (N) time required for Byzantine fault tolerant machine replication. Casper uses a binary consensus protocol. Protocol messages have three parts: an estimate (0 or 1), a sender (name of the validator), and a justification. An estimator then translates the messages to 0 and 1.
Token utility
Why do we need blockchain?
- To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary.
- Currency with utility functions.
- We need complex intelligent contracts to boost CAD.
- We need transparency, immutability, decentralization and verifications of all transactions on the platform.
- Extremely accurate process automation.
- It is convenient to work with other crypto currencies in an increasingly digital world. Integration with other projects in blockchain (product tracking, verification, ecosystem expansions, etc.).
- Reliability and fault tolerance.
Token information:
LED Token
Ethereum
Platform type : ERC20
Price: 1 LED = 0,30 USD
Price in ICO: 1 LED = 0,40 USD
Investment Information
Min. 0.2 Investment ETH
Receive ETH
Distributed in ICO 65%.
Soft cap 500.000 USD
Hard cap 13,500,000 USD
CONCLUSION
LEDs have the potential to fundamentally change the future of lighting in the world, the widespread use of LED lighting has the greatest potential impact on energy savings that the widespread use of LEDs could save around 348 TWH (compared to no use of LEDs) of electricity: This is the annual electrical equivalent of 44 large power plants (1000 megawatts each) and a total saving of 1 billion euros.
Inefficient light bulbs are generating both unnecessary emissions of greenhouse gases that contribute to climate change and unnecessarily exorbitant electricity bills for individuals and governments. Terawatt will help solve this problem by pushing the adoption of LEDs.
For more information
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Author: Jesus Nataniel Tillero
My Profil link: @jntillero
My ETH address: 0x4cD4c5a3A28BD6601B9562502a4e8D6B4917A8d3
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