Pollution of the planet with industrial and household waste is a global problem of mankind. Relatively recently, it was not so acute, because the waste was mainly of organic origin. But over the past two decades, the production of polymer packaging materials with a long decomposition time, sometimes in hundreds of years, has increased dramatically. On average, each resident of the city produces up to a ton of waste per year. Also in the world there is a problem of shortage of electric energy due to the growing energy demands of Blockchain technology. Interesting way of solving these problems found, the project team 4NEW, which is currently conducting fundraising for the project by ICO. Now we will analyze this project.

Problem

4NEW project intends to solve three main problems, conventionally called WASTE, ENERGY and CRYPTO:

The WASTE problem is related to the global waste problem. The growth of waste volumes is 3% per year and now is estimated at 2.12 billion tons per year.
ENERGY is an energy problem. To date, 80% of electricity is produced by burning coal. This depletes the planet's interior, pollutes the atmosphere, causes the destruction of the earth's ozone layer, which in turn causes the greenhouse effect, global warming and increased radioactive background. And the demand for electricity is only growing every year. The IEA predicts that in 10 years, greenhouse gas emissions will double if something is not done.
CRYPTO. This problem is due to the exponential growth of energy costs for crypto mining. For the period from September 1, 2017 to April 1, 2018, that is, for six months, the production of one Bitcoin required the same amount of energy as an average of 30 families in the US, which is equivalent to an increase of 500 percent. If we leave the situation the same, the existing rate of energy production will not be enough by 2022.

Decision

4NEW is a Blockchain-based ecosystem that serves to produce electricity from waste and renewable sources and convert it into an energy asset for crypto farms. The main element of the system will serve as a crypto asset KWATT, which is a smart contract. With its help, the distribution and accounting of electricity in the 4new ecosystem will take place. The equivalent of one KWATT token is 1 kilowatt.

The principle of operation is that power plants connected to the 4new ecosystem produce electricity, which is recorded in the equivalent of the KWATT token. Electricity from power stations is recorded in the blockchain, so it is registered. This energy is then distributed to consumers at the global average price.

How 4NEW solves the problems mentioned above?

The WASTE problem is solved with the help of waste processing plants included in the ecosystem 4NEW, each of which processes up to 100 thousand tons of waste per year. It happens in a way that is safe for the environment. The output is electricity. It should be noted that production costs are covered by payment for waste disposal, which are paid by interested companies that have problems getting rid of waste.

ENERGY. Power generation is continuous. 4new plants are compact and can be built in a short time anywhere in the world. Electricity is sold either to the public or to corporate consumers, or it is used to ensure the operation of mining farms of the 4new ecosystem.

CRYPTO. 4NEW estimated that the electricity from the waste processing will be enough to cover the needs of the Bitcoin blockchain.

Project team

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ICO

The name of the token: KWATT
Smartcontract standard: Ethereum (ERC-20)
Issue: 300 000 000
Soft cap: $40M
Hard cap: $75M
1 KWATT price: $2.00

4NEW distribution as follows:

Summary

At the end of 2017, the 4NEW project has already raised $25m during the Pre-ICO for a record period of eight days. The 4NEW project is a favorite among other existing energy blockchain projects. On ICO listings the project is also highly appreciated by experts.