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TERAWATT

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Terawatt is a patented process for the renewal and use of renewable energy sources, with an emphasis on monetization and decision making on global LED lighting. Terawatt will create DAO, as well as deflation, private (zk-SNARKS) Ethereum currencies for global payments. The DAO will be funded and used by utility companies, LED vendors, businesses, token holders and energy consumers worldwide.

The DAO will act as a decentralized global mutual fund / insurance, so that customers (and businesses) will always have access to finance to subsidize LED sales to their energy consumers (or to increase business to LED solutions). Total shipments: 100 million tokens.
Circulation Supply: 65 million (the proposal will exponentially reduce the s-curve to 1 million tokens all the time). This is because the coin burning algorithm is continuous. Terawatt will automatically use 50-75% of the company's profits from DAO entry / exit fees, while others will use it to buy back and tokens every day.

We use blockchain technology to reduce world energy consumption by 20 percent (around 2,000 terawatt) by 2035, and to increase light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt strives to overcome other renewable industries such as Solar, Wind, Electric Vehicles, after proof of the success of the concept will be achieved thanks to LED.

Mission Statement

Method:

Terawatt will create the Decentralized Autonomous Organization (DAO), and also create a highly deflationary Ethereum-based currency for global payments. DAO will be funded and used by Utility Companies, LED 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 is constantly depleted) to subsidize the sale of LEDs to their energy customers (or to increase business to LEDs).

This is a big benefit for utility companies because they want 100 percent of their customers to have energy-saving lights because of excessive excessive networks, which forces electricity companies to build (and maintain) expensive power plants (hundreds of millions of dollars) to meet demand. . They are also mandated by government agencies (ie the US Department of Energy and the US Environmental Protection Agency) to increase adoption of LEDs in their respective markets. Businesses want LEDs because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax incentives. Initial costs are a problem, but Terawatt will help overcome this.

The Terawatt Token will also be used as a currency similar to an ETH in a business company or utility that will accept it as a payment method. DAO members with businesses will want to receive Terawatt tokens as payment because they will get increased voting / power tightening in DAO, and therefore far more deflation than FIAT or other cryptocurrency because of the continuous coin burning structure, which is the same as the potential for increased profitability.

Electricity companies, and other token holders, will buy DAO with our tokens, we will charge fees for entry and exit, and when they sell their positions, we take a percentage of their profits (such as mutual funds or no exchange). We will take 50-75% of this profit to buy back and burn our tokens every day (per transaction depends). With Terawatt, all people and businesses can have uninterrupted access to cheap / free LEDs that substantially reduce purchasing costs, electricity bills, improve global lighting efficiency, and in turn reduce global greenhouse emissions.

Tokens (LEDs) may or may not increase exponentially because more electricity companies (and energy / other company / buyers / customers) are aware of the benefits of using our tokens and joining the DAO (Metcalfe's Law), thus increasing demand while also reducing inventory.

Through the use of DAO, a key partnership (We are actively pursuing collaboration and partnerships with utility companies globally), deflation supply, token incentives, and greedy marketing, Terawatt aims to help place LEDs in all commercial lights, industry (street lights), buildings governments and housing / facilities around the world and efficiently increase the transition from inefficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% LED (Light Emitting Diode) lighting.

Token holders will also be able to find and utilize applicable instant tax deductions, search for tax credits, and then store these purchase data securely on the network for later use in filing their taxes. Participants can buy, sell, share with masternodes (if available), vote, donate, or hold (LED) tokens, which will drive the Terawatt Ecosystem.

Our mission

This is because of our sustainable coin burning algorithm. Terawatt will automatically use 50-75% of the company's profits obtained from DAO entry / exit fees, costs of taking profits (such as exchanges), time decay costs, carbon tax data storage costs, carbon credits, and even from affiliate LED sales commissions for buy back and burn (LED) Tokens. This is similar to BNB tokens, but they only burn every quarter, we will burn 24/7.

Utilities and other businesses will want to receive our tokens for payment because our deflation rate is far greater than all FIAT currencies and most, if not all, cryptocurrency / tokens while also being more personal and secure with zk-SNARKS and masternodes when available. Next, the more tokens they have to put in the DAO fund, the more power the voice, profits, and the prizes they can receive. This will further increase the token value due to network effects. (Metcalfe's Law)

Lighting Problems / Solutions

Inefficient light bulbs create unnecessary greenhouse gas emissions, which contribute to climate change, and electricity bills that are too high for the public and the government. Terawatt will help fix this problem

Token Description

Our project will use Ethereum to publish and make tokens mainly because it has a basic foundation that our technology will implement. Terawatt will manipulate the blockchain smart contract. Our tokens will be standard ERC20 tokens with certain modifications. Our algorithm will verify that the consumer has purchased the light bulb from the appropriate seller and added the transaction to the blockchain. Smart contracts will execute and manage the entire process.

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