Terawatt
Terawatt is a patent-pending, eco-friendly blockchain startup with a strong focus on monetization and solving real-world problems. Terawatt will voraciously drive L.E.D. lighting adoption by incentivizing buyers and sellers of L.E.D.’s to transact through a community governed DAO that allows all parties to win. The DAO will be funded by utility companies, participant donations, L.E.D. buyers, and Terawatt’s company profits. Terawatt will also leverage (LED) token incentives, instant tax rebate utilization, key partnerships with LED manufacturers and governments, heavy marketing, decentralized data storage, and a community governed token pool where LED owners can vote based on the amount of tokens they own.
Terawatt Project description
Terawatt is a new blockchain development that is created in order to renew the use of renewable energy sources, with special attention paid to the process of monetization and the driving of ecumenical adoption L.E.D.
A special token was created, which can be used as Terawatt a currency in commission to payment for something, in the partnership that will accept it. The users can accumulate, buy or sell tokens, which will be interacted in this system. In addition, the token will use the POS to preserve the environment and assist with emissions to the environment. Terawatt CBC Casper was created, this is a special method, which makes it possible to get many advantages in other ways than different traditional protocols. These advantages consist in the fact that users can keep the latency as long as they need it, while at the same time spending the most minimal and optimal costs.
ICO will be held from September 1, 2018 and will last until September 30, 2018. Pre-sale dates: 01.07.2018- 31.08.2018.
General Information
| token type | ERC20 |
| token symbol | LED |
| token price | 1 LED = 0.002 ETH |
| platform | Ethereum |
| Accepting | -- |
| Country | USA |
| Restricted Area | USA,UK,Singapore,Canada |
| KYC & Whitelist | -- |
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). ![[IMG]](https://lh3.googleusercontent.com/POW5AIfcBc5pagI6rzfF56oA8rWNT-qZn7tsuTLJL4UY0_B1xByyWSp8oGFMqzi5qrFY1JyXVfDoKnWHQy2zGEA5N-USvX1myA62a-M9qCSYGDWK4jba38_XU0vHjzyGItyMRthx)
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) Competitors: None Private sale: June 2018 PreICO: July 2018 ICO: September 2018 Cap: $11,460,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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
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. (Metcalfe's Law) 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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