Before we get started, like with all of my articles, all information received thus far and used in this article (unless otherwise stated) has been from the Telegram group, and is the best way to get quick updates and answers to any questions on the project, how to invest, or simply chat with the team and the CORE team 24x7 365. Join the group via the invite link here. Got a bounty related query? Pop into the bounty channel here. Want to invest in the project? Checkout their new and improved website below and signup now to join the KWATT final three days of the ICO starting on June 1st, and 9AM BST.
People ask why 4NEW is trying to to change the face of mining in the Crypto sphere, for those of you who aren’t aware, here are some little known facts on the energy consumption of Bitcoin alone. With global warming making the news more and more often (despite what some people say What is Global warming?) Blockchains have started making the press with their huge energy consumption’s.(As of the writing of this article 30/05/2018) On average a single bitcoin requires more energy to mine than 32.88 US house holds consume in a day, and on a year-by-year basis uses more than than a staggering 159 of the worlds Countries Including Ireland & Most Countries In Africa.
On top of this, in the past month alone, Bitcoin mining electricity consumption is estimated to have increased by 29.98% upto a total of 0.31% of the Worlds entire energy consumption, as you can probably guess this simply isn’t sustainable anymore in the long run.
This is why 4NEW’s is game changer in the crypto world, combining the the waste energy project with mining the top 20 cryptocurrencies, they aim to provide a sustainable, and highly profitable mining solution, that will benefit everyone from the miners, to the polar bears and the rapidly melting ice caps.
How to purchase KWATT?
The ICO was paused for KYC integration at the end of March as a result the ICO was paused for the final three days and is due to open again on June 1st at 9am UK time. You can currently register an account, complete KYC and deposit funds to ‘Reserve’ yourself some KWATT if you are not available when it launches again, simply visit their site at:
https://kwatt.4new.io/register
Then create an account and follow the onscreen instructions to deposit your funds and get started.
Not sure what the KWATT token is or what it does in the 4NEW ecosphere? Checkout the video put together by the 4NEW team below which explains this!
Want to see what a Waste-to-energy plant looks like? Checkout the below videos that give you a drones-eye-view of one of the 4NEW newly acquired plants, as well as an inside tour!
Drone footage:
Ground level tour:
As you can see from the above, the team has been hard at work in the background pushing these deals though. Combined together the plants both produce a total of 10MW of energy currently, with a plant in Puerto Rico currently under negotiation, and a further two plants looking like they are going to be going ahead, 4NEW are storming ahead of their original estimates by a massive 9 months, name me another project that has moved this rapidly in carrying out their road-map and promises?
Want to earn tokens for free? 4NEW is currently running an affiliate program with a very competitive rate. Run your own blog or crypto Youtube channel? Maybe your the admin of a large Telegram channel? You can now earn 30% of what your referred users purchase by completing the following steps:
if you haven’t already seen, previously the team introduced the ROI calculator onto their website, this has recently gone through some changes and updates to make it a little easier to understand. Using calculations that are pegged to electricity output, which is measurable and tangible, you can get rough estimate of what you could stand to earn from your KWATT tokens as the number of Power Plants in 4NEW’s ownership increase, and as a result the KW pegged to each individual KWATT token increases. (it’s worth saying that like anything in Crypto, this is not a guarantee, market prices and demand will effect this both positively and negatively, and this should only be taken as an estimate only invest what you can afford to lose)
Patent Pending -- Number: 62674053
In line with their other major plans, the 4NEW team are currently in the process of registering a patent for their project, details can be found below:
A blockchain based ecosystem whereby energy produced by power plants, renewable or non-renewable or Waste to Energy technologies, is applied to a digital asset, digital protocol or a smart contract for delivery to cryptocurrency mining farms. The digital asset or the smart contract would act as a measure of the amount of electrical consumption to generate 1 unit of the respective underlying cryptocurrency mined. The power plant performs as a master node whereby the entire electrical output of multiple power plants flow within a centralized or decentralized public ledger flowing the value of electricity to various mining farms globally.
To conclude, not only will 4NEW aim to provide a cheaper, more efficient way to mine, it will be reducing the emissions and harm done to the planet, by creating green energy for mining Cryptocurrencies, adding to the essentially ‘free’ energy with each and every plant it builds or acquires in it’s portfolio. This will also means that with each plant that is added to the project, the value of every single KWATT token with increase, as the energy pegged to it rises inline with the amount of plants (There will only ever be 300,000,000 KWATT created, so as additional plants are added, their energy output is added to each token)
Want to lookup more information on the project, checkout their website or missed the Telegram link above? Checkout the below links to their social channels and other sources of information:
Whitepaper: https://4new.io/wp-content/uploads/2018/03/4NEW-WhitePaper.pdf
Blog: https://4new.io/blog
Affilate signup: https://4new.io/affiliate
Website: https://4new.io/
Telegram: https://t.me/FRNCoin
Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption