Terawatt

Terawatt

WHAT IS Terawatt

Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, L.E.D. Sellers, Businesses, token holders, and energy customers worldwide. The DAO will act as a decentralized global mutual/insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s).

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). 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, purchase record access fees (for businesses using our tokens as payment), 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. They can also reduce accounting costs as all transaction data will be stored securely on the decentralized ethereum blockchain. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This may further increase token value due to the network effect. (Metcalfe's Law)

Why participate in this DAO? High probability of making profits, and to help drive L.E.D. adoption and other enviro-friendly technologies

The Terawatt token supply will decrease exponentially with 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!

This may or may not mathematically cause token value to greatly increase as we are decreasing supply, while also increasing demand through marketing and growing adoption. Ex: If a Utility company invests $10,000/month, in one year their account value has possibly increased 200% from $120,000 to $360,000. They could withdraw part, or all, of their account balance to provide subsidized LED’s to their customers as needed, or to fund other green initiatives, like solar, wind, energy star-rated materials.products, electric vehicles, etc. Businesses and token holders can use their DAO profits to buy L.E.D. bulbs which will reduce their utility bills, qualify them for government tax credits/rebates, and reduce greenhouse emissions. We will also offer a token incentive for participants who verify that they used profits for buying/selling L.E.D.s or related technologies.

This is like a decentralized mutual fund, with the Terawatt token that powers it also acting as a fast, private, secure monetary currency which can be accepted at businesses and utility providers globally. It will make sense for utilities and businesses to take payment in our tokens as it will allow them to add more tokens into the DAO, and potentially greatly increase their profits. With the supply being extremely more deflationary than FIAT, and even than most other cryptocurrencies, it will become highly attractive as a payment currency.

Who can join the DAO?

All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO. This will help increase the network effect (Metcalfe's Law) Now we have a growing decentralized fund as more and more token holders join.

Token Utility

Used as a secure, private (zk SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants

Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts

Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentive to verify L.E.D. bulb purchases

Utility companies and other businesses will be incentivised to take payment in LED tokens because they will see how the extremely deflationary nature of our token will likely increase the price, and the more tokens they have entered into the DAO fund, the more voting power, profits, and staking rewards they will receive. This will further increase token value due to the network effect.

Financial

Token info

TokenLED

PlatformEthereum

TypeERC20

PreICO price1 LED = 0.30 USD

Price in ICO1 LED = 0.40 USD

BONUS

Private sale: 0-100% Preico: 0-65% ICO: 0-35%

Tokens for sale65,000,000

Investment info

Min. investment0.2 ETH

AcceptingETH

Distributed in ICO65%

Soft cap500,000 USD

Hard cap13,500,000 USD

Milestones

1

2017

Project Conception, Whitepaper drafted, Patent Filed

2

December 2017

Team Building- Acquired CTO, COO, and Advisor

3

January 2018

Whitepaper/Website, Trademark Granted, Listed on KICKICO

4

February 2018

Building Presence, Token Presale site under development

5

June 2018

Private Sale, more development and marketing

6

July 2018

PreICO, DAO construction

7

August 2018

ICO, Token launch, wallet release, apply to exchanges

8

October 2018

DAO testnet, Mobile Wallets, Seek Partnerships

9

December 2018

DAO mainnet online, Masternode announcement

10

February 2019

Fully Functional User Interface Released, Mainnet improvements

11

April 2019

Devcon, Acquire More Partnerships

12

May 2019

Receipt Verification/Tax Incentive Utility/LED Token Development

13

July 2019

Expansion of Terawatt’s LED Ecosystem

Team

Apply as an advisor

Evan William

CEO

Morris H. Layton III

COO

LinkedIn

Jerome Raymond

CTO

Shubham Tatvamasi

DAO Architect

Hase Takujiro

Advisor/Developer

Roy Davey

Lead Engineer

Jules De Smit

Developer

Jacob Salvador

Marketing/Advisor

David Meszaros

Legal

Anudeep Reddy

Marketing Advisor

for more information:

https://terawattled.com/

https://terawattled.com/assets/Terawatt.pdf

https://mobile.twitter.com/terawatt_led

https://t.me/TeraWattICO

https://m.facebook.com/pg/Terawatt/about/

author:

BTT username: rivaldo2020

BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2051385