TERAWATT ICO - Global LED Adoption Through Blockchain Technology

TERAWATT ICO - Global LED Adoption Through Blockchain Technology | Ecency

Overview

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 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, and other to buy back and burn tokens daily.

Use blockchain innovation to help decrease worldwide lighting power utilization 50 percent (about 2000 Terawatts) by 2035, while likewise expanding light yield by 50 percent. Terawatt will likewise make a deflationary cash to contend with FIAT and advanced choices like Bitcoin. Terawatt expects to handle other sustainable parts like Solar, Wind, Electric Vehicles after confirmation of idea is accomplished with L.E.D.s.

This is because of our persistent coin consuming calculation. Terawatt will naturally utilize 50– 75% of organization benefits earned from DAO passage/leave charges, benefit taking expenses (like a trade), time rot charges, carbon impose information stockpiling expenses, carbon credits, and even from partner L.E.D. deals commissions to buyback and consume (LED) Tokens. This is like the BNB token, however they just consume each quarter, we will consume all day, every day.

Utilities and different organizations will need to acknowledge our tokens for installments in light of the fact that our rate of flattening is a lot more noteworthy than all FIAT monetary standards and most, if not all, cryptographic forms of money/tokens while likewise being more private and secure with zk-SNARKS and masternodes when accessible. Besides, the more tokens they need to go into the DAO subsidize, the all the more casting a ballot power, benefits, and staking rewards they can get. This will additionally build token incentive because of the system impact. (Metcalfe's Law)

The Lighting Problem/Solution

Wasteful lights are making both pointless ozone depleting substance discharges, which add to environmental change, and superfluously over the top power bills for people groups and governments. Terawatt will settle this issue by driving LED appropriation

Driven lighting arrangements have never been more open or reasonable than now. With various discount projects and motivating forces, more urban communities are doing the change to LED road lighting. What's more, is there any good reason why they wouldn't? As we as a whole know at this point, LEDs are vitality effective and enduring which implies immense investment funds on the vitality bill and additionally lessened support costs. In any case, shouldn't something be said about alternate advantages? For example, decreased wrongdoing rate, more secure neighborhoods, and by and large seen enhancement? These are on the whole advantages that LED road lighting can offer contrasted with the orangey gleam of the high weight sodium (HPS) road lighting as yet enlightening the majority of our avenues and neighborhoods.

Features

The Terawatt Token will be utilized as a cash like ETH at any business or service organization that will acknowledge it as strategy for installment.

Members can purchase, move, stake with masternodes (when accessible), vote, give, or hold (LED) tokens, which self control the Terawatt Ecosystem.

Terawatt token will utilize POS so it will help with outflows and keep nature perfect and green.

Terawatt first execution will be on the Ethereum Casper Network utilizing Proof of Stake.

Terawatt CBC Casper is a strategy for "inferring" accord conventions. Utilizing this strategy, a group of conventions have been made that appreciate an assortment of advantages over customary agreement conventions. These advantages include:

No "in-convention" conclusion limit.

The capacity to exchange off idleness to certainty with number of validators, instead of simply organize overhead.

Hypothetically ideal system overhead in the specific cases.