What is 4New?
4NEW is the world’s first eco-friendly, tangible, waste to energy power plant entirely integrated on the blockchain network and dedicated to crypto-mining. We collect the waste, process it through a high pressured combustion chamber generating free energy and organic byproducts. We apply this free energy to an onsite crypto-mining farm resolving the achilles heel of cryptocurrencies; voracious energy consumption met with free energy production. We are producers of energy, NOT an energy exchange platform.
Their product is grounded in necessities, solving two social problems, waste surplus and energy shortfall. Our blockchain platform will be built on top of the underlying treatment infrastructure covering the entire supply chain from collection of waste to generation of electricity to sale of energy units to the national grid or between consumers and industry peers. Given the utilitarian nature of our services, it is our belief that 4NEW will successfully integrate the blockchain network within the real-world applications of waste to energy conversion with widespread acceptance.
The energy inefficiency of Bitcoin mining is significantly greater than initially anticipated, and the associated carbon footprint is worrisome. Bitmain serves as a perfect example. Their mining operation consists of 25,000 units in total, seven buildings housing 21,000 ASIC Bitcoin rigs, and another building with 4,000 Litecoin rigs. Their profits are around $200,000 per day, after paying for 40 mW of $0.05 per kilowatt-hour, coal-powered electricity totaling $40,000. This is in addition to paying 50 salaried employees. The mining operation produces a lot of heat, resulting in a higher-than-usual malfunction rate. Cooling costs to keep the devices at normal temperatures are about one fifth of the total power consumption. The mine’s total footprint is between 24-40 tons of CO2 per hour. This mean the total energy consumption of the Bitcoin network processes about 200 tons of CO2 per hour at minimum. The footprint could be significantly reduced if the source of energy is substituted for a greener method. Bitmain’s plant consumes 40 megawatts per hour (approximately 5% of the total Bitcoin output), the same output capacity of the 4NEW plant. Therefore, it is possible for our operation to scale in the same way. At approximately 5% market share of a $20 billion Bitcoin mining sector, the projected market capitalization of 4NEW revenues is roughly $1 billion.
There is one main issue with new and smaller exchanges: very low liquidity. It could take years for a small exchange to get enough users to increase the liquidity on their books. It’s the main hurdle new startup exchanges have to face. They may have a better platform with a few more features, but it may take years for users to migrate to the exchange since they can’t offer the volume users need to trade without massive price swings. To increase their order book, some exchanges offer zero-fee trades, or even pay for users to trade on their exchange! Everyone loves free trades, but it’s not financially practical. Like we said above, customer support should cost $40 million or more, and a team of 75 managers and developers would cost around the same. How will an exchange pay their employees, or pay for better tech, servers, security, insurance, or other overhead costs if they charge really small fees? Some will say, “less fees, more users, more volume, more profit”. Sure, that may work for a while, but eventually the cost per user will overtake the revenue per user, if the company scales up as users increase.
Waste to Energy (WTE) power plants serve as a dynamic solution with over a 115 year history for addressing two social & environmental crisis; Waste Surplus & Energy Shortfall. Furthermore, other renewable energy sources such as Solar, Wind, Geothermal and Hydro are all dependent on natural resource availability; waste is available everywhere. Revenue generated from waste processing operates the plant at breakeven.
Project Team & Advisor:
Token Details:
The KWATT token is based on the ERC-20 token standard and Ethereum-powered smart contracts. Once the blockchain is developed, the token will be swapped out for the KWATT coin which will interact with the blockchain. The total token offering is three hundred million tokens (300,000,000). This is the hard cap limit for the crowd sale offering. Each KWATT Coin represents 1 kilowatt of electricity per year.
Token FRNC
Price 1 FRNC = 2 USD
Platform Ethereum
Accepting ETH
Raised $42,100,000
Country UK
Verdict:
ApolloDAE adding a place for traders to research coins, projects, teams and etc. It’s basic knowledge that traders should have before investing into any altcoins. They also want to provide more intel on where the majority of traders think a coin’s price is headed. I consider ApolloDAE a very solid investment for year, they have a great team behind it that showed results in the past, they have a very solid and achievable roadmap, and an excellent token value plan that will make the token price as the platform grows.
Important links:-
Website: https://4new.io
Whitepaper: https://4new.io/wp-content/uploads/2018/05/4New_WhitePaper_English.pdf
Telegram Group: https://t.me/FRNCoin
Twitter: https://twitter.com/4newcoin
Facebook: https://www.facebook.com/4newcoin/
ANN: https://bitcointalk.org/index.php?topic=2364696.0
