About Terawatt

About Terawatt

Terawatt is a patented renewable energy blockchain startup patent, with a strong focus on monetization and encouraging global LED adoption. Terawatt will create Decentralized Autonomous Organization (DAO), and also create a highly deflation-based Ethereum-based currency for global payments. DAO will be funded and used by Utility Companies, LED Sellers, Businesses, Token Holders, and Energy Customers worldwide. DAO will act as a decentralized global mutual fund / insurance to ensure Utilities (and businesses) always have access to (continuing-out) funding to subsidize LED sales to their energy customers (or to buy LEDs).

Our Mission

This is due to our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, 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. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This will further increase token value due to the network effect. ( Metcalfe's Law ).

The Lighting Problem/Solution

Inefficient light bulbs are creating both unnecessary greenhouse gas emissions, which contribute to climate change, and unnecessarily exorbitant electricity bills for peoples and governments. Terawatt will help to fix this problem by

driving LED adoption

LED lighting solutions have never been more accessible or affordable than now. With multiple rebate programs and incentives, more cities are making the switch to LED street lighting. And why wouldn’t they? As we all know by now, LEDs are energy-efficient and long-lasting which means huge savings on the energy bill as well as reduced maintenance costs. But what about the other benefits? Such as reduced crime rate, safer neighborhoods, and overall perceived improvement? These are all benefits that LED street lighting can offer compared to the orangey glow of the high pressure sodium ( HPS ) street lighting still illuminating most of our streets and neighborhoods.

Why do we need blockchain

• To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions
• We need complex smart contracts to power the D.A.O.
• We need Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform
• Extremely precise process automation
• It becomes convenient to work with other cryptocurrencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)
• Reliability and fault tolerance

CASE STUDY: LOS ANGELES REACHES ANNUAL SAVINGS OF $8.7 MILLION

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.

The DAO

Decentralized Autonomous Organization Funding

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

Token Description

Our project will use Ethereum to issue and create tokens mainly because it has the base foundation that our technology will implement. Terawatt will manipulate the blockchain smart contracts. Our token will be a standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer has actually purchased the bulbs from a suitable seller and add the transaction to the blockchain. Smart contracts will execute and manage the entire process.

Token Contribution Charts

Details of ICO

• Private sale : June 2018 
• PreICO : July 2018 
• ICO : September 2018 
• Cap : $11,460,000 
• Competitors : None
• 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 ).

Roadmap

• 2017 : Project Conception, Whitepaper drafted, Patent Filed
• Dec 2017 : Team Building- Acquired CTO, COO, and Advisor
• Jan 2018 : Whitepaper/Website, Trademark Granted, Listed on KICKICO
• Feb 2018 : Building Presence, Token Presale site under development
• June 2018 : Private Sale Launch, Development
• July 2018 : PreICO
• Sep 2018 : ICO
• Oct 2018 : DAO construction begins, Exchange Listing(s), Hire more Devs
• Nov 2018 : Acquire key partnerships and meet with more Utility companies
• Jan 2019 : Mobile Wallet release, continue development
• Feb 2019 : Masternode and DAO testnet
• Mar 2019 : Fully Functional User Interface Released, DAO Mainnet Online
• Apr 2019 : Devcon and Acquire More Partnerships
• May 2019 : Receipt Verification/Tax Incentive Utility/LED Token Development
• Jan 2020 : Expansion of Terawatt’s LED Ecosystem into related sectors

Meet the Team

For more Information :

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

Author :kepodehkamu28

https://bitcointalk.org/index.php?action=profile;u=1909430

ETH : 0x605315A87F14892D9f6dc871092B1c9608564173