Weeks ago 4new had to pause their crowd sale in order to implement the ocular kyc solution in order to comply with normal ico regulations for companies. During that period they developed a new site and as of now, I can say that they have successfully done that and set a date for crowdsale which is meant to continue on the 1st of June for a period of 3 days.
According to the roadmap 4new crowdsale began October 2017 which means it has been running for over 5 month now and during that time 4new managed to successfully meet their softcap of 42.1million u.s dollars.
Back to the future, after the successful implementation of the oculus kyc 4new is set to continue the crowdsale on June 1st for 3days and during this period and with a hardcap of 75 million 4new are expecting to raise additional 33 million u.s dollars in order to achieve the hardcap. That is 30 million is expected to be raised within 3 days. Is this possible? Yes!!
Why? So for 4new has showed us their worth and the power, passion and determination in moving this project forward.
4new team has been working endlessly towards achieving their goals, presently, 4new has acquired 2 power plants in London, U.K where one is in Middleborough and the other is at Hertlepool. This power plants utilizes the Anearobic Digsetion technology to convert household waste and feedstock into electricity, the electricity generated by this power plants are over 10 megawatts per hour and this electricity is currently being sold to the UK national grid.
What is the Anearobic Digestion
“is a collection of processes by which microorganisms break down biodegradable material in the absence of oxygen. The process is used for industrial or domestic purposes to manage waste or to produce fuels. Much of the fermentation used industrially to produce food and drink products, as well as home fermentation, uses anaerobic digestion.” As gotten from Wikipedia.
The process begins by hydrolyzing the input materials using bacterial where organic polymers that are insoluble are broken down to soluble derivatives and are then available for other bacteria. Acidogenic bacteria then convert the sugars and amino acids into carbon dioxide, hydrogen, ammonia, and organic acids. These bacteria convert these resulting organic acids into acetic acid, along with additional ammonia, hydrogen, and carbon dioxide. Lastly, methanogens convert these products to methane and carbon dioxide. The methanogenic archaea populations play an indispensable role in anaerobic wastewater treatments.
To know more about the process follow this link https://en.wikipedia.org/wiki/Anaerobic_digestion
Anearobic digestion is widely used as a source of renewable energy, the digestion process produces biogas which can be used as fuel in a heat and power gas engine and can also be upgraded to biomethane. The anaerobic digestion process produses a digestate that can also be used as fertilizers.
4new will use this technology to efficiently convert waste to energy in all its power plant and it is also being said that 4new hopes to acquire 22 power plants in 5 years which is an average of 5 per year. And you will also be happy to hear that 4new are currently negotiating a deal to acquire/build a power plant in Puerto Rico. Which is successful will be the third power plant to come up this year.
This is the work being done with the softcap being raised before the suspension of the crowd sale. Imagine what will happen when the hardcap is achieved. The world will truly be a better place.
Here is the link for the drone footage:
Here is the link for the plant tour:
For more information on project and ICO visit 4NEW official site
https://4new.io/
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