4NEW - Help Save The Planet With KWATT Tokenized Electricity

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INTRODUCTION

4NEW is the world’s leading eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The concept is quite simple, the process of reﬁning waste product into water and organic materials creates energy which is unencumbered and freely available for utilization or sale to the national grid or applied to operate mining processes at an onsite mining farm.

Problems

Cryptocurrency global market capitalization has surpassed approximately $ 500 billion USD increased in 2017. It is expected to continue for the foreseeable future as businesses increasingly embrace the elegant design and transparency that blockchain offers to all. However, on March 31, 2018, Bitcoin's mining energy intake has officially exceeded the energy consumption of all Singaporean countries, which ranks 43 globally in terms of energy consumption. As mining difficulties increase to reflect the entry of miners who join the network, this energy consumption will increase. below is the problem:

We throw away 2.12 billion tonnes of waste globally each year, growing 3% each year – this means we will double our waste output in 25 years.

The world energy supply is around 80 percent reliant on fossil fuel energy. The IEA predicts a rise in global energy demand of 50-60%, and a 50% rise in greenhouse gas emissions by 2030.

Crypto-mining energy consumption growth is exponential. As of March 31, 2018, 1 Bitcoin transaction consumed as much power as 30.5 US households for a day, this is a 500% rise since September 2017.

4NEW Solutions

4NEW is the world's first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The concept is quite simple, the process of refining waste product into water and organic materials creates energy and that is then leveraged to either be sold to the national grid or applied to operate mining processes at an onsite mining farm.

The cost to produce the energy is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at breakeven or a marginal profit. Therefore, the energy produced is unencumbered and freely available for utilization or sale to the national grid. Historically, the price of 1 kilowatt has been very stable for the past fifty years at approximately $0.15 globally, inflation adjusted. This trend is expected to continue for the foreseeable future in lieu of technological innovations. However, the wild card that not many have truly evaluated is the exponential acceptance of the blockchain worldwide leading to a massive spike in energy consumption by cryptocurrency mining that could drive the price of energy up globally. Our key solutions is below :

Each of our plants take in 50,000-100,000 tonnes of waste annually, processing it in an environmentally-friendly method, in order to create electricity. Gate fees offset the operational costs of the plants, allowing for free electricity production.

The electricity we produce is constant, year round, and is scalable to any location with human activity. Electricity is either sold to the national grid or applied to operate mining processes at the onsite mining farm.

4NEW is the world’s ﬁrst eco-friendly blockchain ecosytem powered by waste to energy power plants. 4New’s ecosystem will provide a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally.

4NEW has the unique opportunity to apply this finite lifetime supply of energy to its coin, namely, KWATT. The 4NEW coin symbol is KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.

FEASIBILITY of KWATT COIN

The KWATT Coin will represent a certain hashing capacity per coin. This concept is not new; Companies such as Giga Watt have offered similar mining items for lower costs, however, KWATT Coin is extremely unique in scope. We do not charge energy fees for mining, the only cost to a coin holder is the cost of the coin. This means that a coin holder will be able to mine all cryptocurrencies for the lifetime without spending an additional penny for their energy bill. The energy is free to us, so it is free also to the coin holders.

The concept of 4NEW relies upon the waste to energy model. In this model we are paid for the waste that we process, and the sale of byproducts such as fertilizer, organic materials and clean water. The start up costs to this mechanism are funded by the coin sale, and the plant’s overhead is funded by cash flow generated from collection of waste and revenue from sale of byproducts. Additionally, 4NEW, and the 4NEW team will retain a portion of the KWATT Coins (and their associated mining capacity) which will provide an additional revenue stream moving forward.

The Mining Capacity of a KWATT Coin
The most difficult part of the KWATT Coin design has been determining a model to correlate with the increase in mining difficulty. We understand that one hash today can represent half of its mining power a month from now. To solve this issue, we have decided to have the coin represent a fraction of the total mining capacity of the 4NEW network rather than a fixed mathematical rate. This concept allows 4NEW to expand their mining capacity to match a competitive rate on the network. This rate of exponential expansion will be a predetermined reinvestment strategy of the funds received through 4NEW’s own mining portfolio, in addition to the profits from the other revenue streams. This model not only guarantees the longevity of free energy, but the longevity of competitive mining practices.
Portfolio Customization
Users will have the ability to decide which coins or coins they would like to put their KWATT Coin power towards to mine. The options will consist of the top twenty minable coins, this decision will automatically point the necessary amount of hash rate towards mining that coin, and the yield will be transacted to the account associated with your 4NEW Wallet.
Proof-of-Work ( PoW ) / Proof-of-Stake ( PoS )
At 4NEW we fully support these steps and understand that more efficient systems are necessary for the sustainability of cryptocurrency in the long term. Yet, we also understand that Proof of Work will not likely be fully removed from cryptocurrency within the next decade. For this reason, additional precautionary steps must be taken to reduce the economic and environmental effects of the inefficiencies associated with Proof-of-Work mining, and our mission is to be on the vanguard of these efforts.
Management and KWATT Coin Holder Interests aligned
Given that the Waste to Energy plants will sustain operations at breakeven from revenue generated from the sale of waste collection services and/or byproducts, the energy produced is free. This lifetime supply of free energy is being purchased by the coin holder in this crowdsale. Any revenue generated from the administrative and facilitation fees the company will charge to either sell the energy to the national grid or apply it to the crypto-mining farm on behalf of the coin holders will allow for future growth and expansion strategy. Therefore, increasing the overall demand for the coin. With three plants, the total output capacity rises to roughly 1 billion kilowatts per annum. This will enable a market capitalization of the coin to rival most successful cryptocurrencies. KWATT Coin was formerly named FRNCoin. It is the same coin, just a different coin symbol.