Hello everyone, on this occasion, I will explain about a very good project, which is about the TeraWATT platform. For an explanation, I'll write it in this article.
About Terawatt
Take advantage of blockchain technology to help reduce global lighting electricity consumption by 50 percent (around 2,000 terawatts) by 2035, while also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt aims to address other renewable sectors such as Solar, Wind, Electric Vehicles after proof of concept is achieved with LED.
What is TeraWATT ...?
Terawattled is a blockchain development proposal on Ethereum that is definitely original, because it consists of creating crypto funds, so companies can finance changes to their facilities to complete lighting with LED lights.
Our mission
This is because our sustainable coin burning algorithm. Terawatt will automatically use 50-75% of the company's profits obtained from DAO entry / exit fees, costs of taking profits (such as exchanges), time decay costs, carbon tax data storage costs, carbon credits, and even from affiliate LED sales commissions for buy back and burn (LED) Tokens. This is similar to BNB tokens, but they only burn every quarter, we will burn 24/7.
Utilities and other businesses will want to receive our tokens for payment because our deflation rate is far greater than all FIAT currencies and most, if not all, cryptocurrency / tokens while also being more personal and secure with zk-SNARKS and masternodes when available. Next, the more tokens they have to put in the DAO fund, the more power the voice, profits, and the prizes they can receive. This will further increase the token value due to network effects. (Metcalfe's Law).
Advantages of LED lights
A light-emitting diode or LED is a light source consisting of semiconductor materials with two terminals. Kurt Lehovec, Carl Accardo and Edward Jamgochian interpreted this first LED mechanism in 1951, using a device that employed silicon crystal carbide, with pulse generators and electric currents, and in 1953 a pure crystal variant.
Since then many have advanced to the maximum use of this technology, whose main advantage of all is known: lower energy consumption. Led lights consume about 80% less electrical energy than ordinary light bulbs, but that is not the only one: qualities such as a lifetime of up to 50,000 hours, low maintenance costs or increased quality of lamp choices make it more suitable than traditional light bulbs.
It is estimated that widespread use of LEDs can produce savings of up to 348 TWh (terawatt / hour), annual electricity equivalent to the production of 44 large power plants, about 30 million dollars in savings. Because this has been a gradual abolition of incandescent lamps, imposing a sales ban began in 2014 and will have full effect by 2020. For this reason, companies and governments invest part of their capital in exchange for their lighting, but many of these institutions do not have the capital to pay for this job, and that's where Terawattled enters.
Terawattled Project
Terawattled proposed the construction of investment funds, on the Ethereum blockchain, to finance installation projects and change traditional lights with LED devices. Investment funds will actually be the DAO system, which works with mutual funds, but offers voting rights.
To be more precise: DAO or a Decentralized Autonomous Organization is a Start-Up that seeks to establish a platform where each member can develop and run applications that allow them to benefit both individually and collectively.
The benefits
Light up immediately, like an incandescent light bulb They remain fresh to the touch even after use They last up to five times more than CFLs No sensitivity to low temperatures Do not contain mercury Some models can be used with dimmer switches Available in soft, warm and bright white "Low-energy light bulbs consume less than 20% of conventional light bulb energy and can last up to 15 times longer.
for more info visit the link below:
Website: https://terawattled.com/
Whitepaper: https://terawattled.com/assets/Terawatt.pdf
Ann Thread: https://bitcointalk.org/index.php?topic=4180151.0
Telegram: https://t.me/TeraWattICO
Youtube: https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ
Facebook: https://m.facebook.com/Terawatt/about
Twitter: https://mobile.twitter.com/terawatt_led
Author: cabecabean12
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1815856
Eth: 0x1CDaC49Be63a9ad249BDe118cA151f97505514B4