The problem
Cryptocurrencies global market has surpassed 500 billion dollars USD rising over 2000% in 2017. This Trend is expected to continue for the foreseeable future as a business increasingly embrace the elegant design and transparency the blockchain offers to all Bitcoin mining energy intake has officially surpassed the entire energy consumption of the country of Singapore. As the difficulty of mining increases to reflect the influence of joining the network this energy consumption increase. With that, the rate of expansion exponential next year Bitcoin mining will consume enough memory energy. Bitcoin has a great enough impact on the world's coal and oil supplies the cost of a kilowatt will rise globally.
4NEW solution
4NEW is the world first eco-friendly tangible blockchain ecosystem powered by waste to energy power plants refining waste products and water and organic materials created energy. The wildcard that not many have truly evaluated if the exponential acceptance of the blockchain worldwide leading to a massive spike in energy consumption by cryptocurrency mining that could drive the price of energy up globally.
KWATT coin
4NEW has the unique opportunity to apply this finite lifetime energy to its coin named KWATT. Each KWATT coin embodies within it, 1 kilowatt of electricity per year.KWATT coin represents a fraction of the total mining capacity of the 4NEW network rather than a fixed mathematical rate. This concept allows 4NEW expand the mining capacity to match a competitive rate on the network. In addition to the profit from the other revenue streams, the rate of exponential expansion will be a reinvestment strategy of the funds received through 4NEW's own mining portfolio. With the coin holders allowing future growth and expansion strategy, the overall demand for the coin will be increased. This enables a market capitalization of the coin to rival most successful cryptocurrencies.
4NEW's blockchain and tokens
With the advent of the blockchain technology for the first time, this will have the ability to scale a localized intangible commodity. The KWATT coin allows fractionalizing the output capacity of the power plant down to the most fundamental and basic unit. Furthermore, the NEW blockchain will enable holders of the KWATT coin to stake their tokens on the network allowing consumers of power to utilise the stacked coins in order to process Crypto transactions for currencies such as Bitcoin, Ethereum, and Dash amongst them.
KWATT token currently is Ethereum based. The token will be swapped to the KWATT coin interacting with blockchain with the completion of blockchain development.
Token sale
You can participate in token sale using below website link. The soft cap has already. Token sale has reached over $43.3M.
Bouns are available, 7 July – 20 July 30% Bonus, 21 July – 10 August 25% Bonus, by using original links you can avoiding meet scammers. Payment for token sale can be done by using BTC, ETH, LTC, BCH, and Debit/Credit card.
The unsold token will be burned.
Conclusion
The 4New project is coming to the crypto world with reputed team members and advisor team. With them and this well-planned concept, This project has a promising future. The 4New project has been highly ranked at reputed f ICO tracking websites. Among several projects about energy managing, the 4New project has more confidence. Use below links to get more information. Thanks
Website: https://4new.io/
Whitepaper: https://4new.io/wp-content/uploads/2018/07/4New_White_Paper_English-.pdf
Telegram chat: https://t.me/FRNCoin
Twitter: https://twitter.com/4newcoin/
Author information
Bitcointalk username: Kulitha
Bountyhive username: Emindu