Terawatt want to help aggressively drive LED (Light Emitting Diode) lighting adoption by creating a Decentralized Autonomous Organization (DAO) that will be funded and utilized by major utility companies and energy customers worldwide.
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).
Total Supply: 100 Million Tokens
Circulating Supply: 65 million (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, (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. 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. They can also reduce accounting costs as all transaction data will be stored securely on the decentralized ethereum blockchain. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This may further increase token value due to the network effect. (Metcalfe's Law)
Competitors: No Direct Competitors
Private sale: July 2018
PreICO: August 2018
ICO: September 2018
Cap: $11,460,000
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.
Meet the Team
Why L.E.D.?
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
Low energy light bulbs use less than 20% of the energy of a conventional light bulb, and can last up to 15 times longer!
References
The main links and contacts of the project are here:
WEBSITE https://terawattled.com/
WHITEPAPER https://terawattled.com/assets/Terawatt.pdf
TELEGRAM https://t.me/TeraWattICO
TWITTER https://twitter.com/terawatt_led
FACEBOOK https://www.facebook.com/Terawatt
LINKEDIN https://www.linkedin.com/company/terawatt
YOUTUBE https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ
GITHUB https://github.com/terawattled
REDDIT https://www.reddit.com/user/terawatt_2018
Bitcointalk ANN thread https://bitcointalk.org/index.php?topic=4180151.0
ICO Listings
KICKICO https://www.kickico.com/campaigns/52508/terawatt
ICO Bench https://icobench.com/ico/terawatt
ICO Examiner
ICO Bull https://icosbull.com/eng/ico/terawatt
ICO Marks https://icomarks.com/ico/terawatt
Partners
The Tip Token https://thetiptoken.io/home/
Genesis Token https://www.genesistoken.net/index.html
Carbon Check http://www.carboncheck.co.in/
Applicature http://applicature.com
Author: madnessteat
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1894120
Ether Address: 0xA6768Aa6d7af7F2dED477176dD5aFd26D7288ba7
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