Global LED Adoption Through Blockchain Technology
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).
Leverage blockchain technology to help reduce global lighting electricity consumption 50 percent (roughly 2000 Terawatts) by 2035, while also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin. Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s.
Terawatt will create a Decentralized Autonomous Organization (DAO), and also create a highly deflationary Ethereum based 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). This is a major benefit to utility companies as they want 100 percent of their customers to have energy efficient lights due to progressive grid overload, which forces power companies to build (and maintain) expensive (Hundreds of millions of dollars) power plants to meet demand. They are also mandated by government agencies (i.e. US Department of Energy and US Environmental Protection Agency) to increase L.E.D. adoption in their respective markets. Businesses want L.E.D.s because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax incentives. The upfront cost was the issue, but Terawatt will help overcome this.
The Terawatt Token will also be used as a currency similar to ETH at any business or utility company that will accept it as method of payment. DAO members with businesses will want to accept Terawatt tokens as payment because they will gain increased voting/staking power in the DAO, and because it’s much more deflationary than FIAT or other cryptocurrencies due to continual coin burning structure, which equals potentially increased profitability.
The power companies, and other token holders, will buy into the DAO with our tokens, we’ll charge a fee for entering and exiting, and when they sell their position, we take a percentage of their profits (like a mutual fund or an exchange does). We will take 50-75% of these profits to buyback and burn our own tokens daily (per transaction depending). With Terawatt, all people and businesses can have uninterrupted access to inexpensive/free L.E.D.s which substantially decreases their purchasing costs, electricity bills, increases global lighting efficiency, and in turn reduces global greenhouse emissions.
The (LED) token will may or may not exponentially increase in value as more power companies (and buyers/energy customers/other companies) realize the advantages of using our tokens and of joining the DAO (Metcalfe’s Law), thereby increasing demand while also decreasing supply.
Through DAO utilization, key partnerships (We are actively pursuing collaborations and partnerships with utility companies globally), deflationary supply, token incentives, and voracious marketing, Terawatt aims to help put L.E.D.s in all commercial, industrial (street lights), government and residential buildings/facilities worldwide and efficiently increase the changeover from less efficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% L.E.D. lighting (Light Emitting Diode).
Token holders will also be able to find and utilize applicable instant tax rebates, search for tax credits, and then securely store this purchase data on the network for later use in filing their taxes. Participants can buy, sell, stake with masternodes (when available), vote, donate, or hold (LED) tokens, which will power the Terawatt Ecosystem.
LED Incentives – Terawatt Token will act as a rewards system for each L.E.D. bulb purchase that’s verified by our patent-pending process. This serves as an incentive for users to purchase LEDs for home, businesses, or government use and verify them through our interface.
Data Storage – LED purchase records may be securely stored in the Terawatt ecosystem. This allows the purchasing entity to return at tax time and have all of their LED and other Energy Star Rated Purchase records readily available. The user pays a small token fee to access the records again.
Community Based Governance – donated funds may be locked into a pool, and the global Terawatt community will vote/decide on what projects get funded and how much funding will be provided or set on the side for these projects.
Masternodes – we aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.
THE LIGHTING PROBLEM/SOLUTION
Inefficient light bulbs are creating both unnecessary greenhouse gas emissions, which contribute to climate change, and unnecessarily exorbitant electricity bills for peoples and governments. Terawatt will help to fix this problem by
DRIVING LED ADOPTION
LED lighting solutions have never been more accessible or affordable than now. With multiple rebate programs and incentives, more cities are making the switch to LED street lighting. And why wouldn’t they? As we all know by now, LEDs are energy-efficient and long-lasting which means huge savings on the energy bill as well as reduced maintenance costs. But what about the other benefits? Such as reduced crime rate, safer neighborhoods, and overall perceived improvement? These are all benefits that LED street lighting can offer compared to the orangey glow of the high pressure sodium (HPS) street lighting still illuminating most of our streets and neighborhoods.
WHY DO WE NEED BLOCKCHAIN?
1. To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions.
2. We need complex smart contracts to power the D.A.O.
3. We need Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform.
4. Extremely precise process automation.
5. It becomes convenient to work with other cryptocurrencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)
6. Reliability and fault tolerance.
1. Light up immediately, like an incandescent bulb
2. They stay cool to the touch even after use
3. Last up to five times longer than CFLs
4. No sensitivity to cold temperatures
5. Do not contain mercury
6. Some models can be used with a dimmer switch
7. Available in soft, warm, and bright white hues
“Low energy light bulbs use less than 20% of the energy of a conventional light bulb, and can last up to 15 times longer.” -Carbonfootprint.com
Our project will use Ethereum to issue and create tokens mainly because it has the base foundation that our technology will implement. Terawatt will manipulate the blockchain smart contracts. Our token will be a standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer has actually purchased the bulbs from a suitable seller and add the transaction to the blockchain. Smart contracts will execute and manage the entire process.
Total supply: 100000000
Participant Sales – 65%;
Team and Advisors – 20%;
Growth and Incentives – 15%
Up to 65%
2017- Project Conception, Whitepaper drafted, Patent Filed
December 2017- Team Building- Acquired CTO, COO, and Advisor
January 2018- Whitepaper/Website, Trademark Granted, Listed on KICKICO
February 2018- Building Presence, Token Presale site under development
June 2018- Private Sale, more development and marketing
July 2018- PreICO, DAO construction
August 2018- ICO, Token launch, wallet release, apply to exchanges
October 2018- DAO testnet, Mobile Wallets, Seek Partnerships
December 2018- DAO mainnet online, Masternode announcement
February 2019- Fully Functional User Interface Released, Mainnet improvements
April 2019- Devcon, Acquire More Partnerships
May 2019- Receipt Verification/Tax Incentive Utility/LED Token Development
July 2019- Expansion of Terawatt’s LED Ecosystem
MEET THE TEAM
Evan William: CEO
Morris H. Layton III: COO
Jerome Raymond: CTO
Hase Takujira: ADVISOR/DEVELOPER
Shubham Tatvamasi: DAO ARCHITECT/ADVISOR
Roy Davey: LEAD ENGINEER
Jacob Salvador: ADVISOR
Roman Karimov: ADVISOR
Savio Gomez, Capt., PhD: STRATEGIC ADVISOR
Miikka Saloseutu: ADVISOR
Dr. David Meszaros: LEGAL
Carlo Buonpane: ADVISOR
Alexander Pavlov: ADVISOR
Chen Si Yuan: Founder, CEO
Mohamed mousa: Business Strategy
MORE INFORMATION VISIT THE TERAWATT LINK:
Website : https://terawattled.com/
Whitepaper : https://terawattled.com/assets/Terawatt.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4180151.0
Telegram : https://t.me/TeraWattICO
Twitter : https://mobile.twitter.com/terawatt_led
Facebook : https://m.facebook.com/Terawatt/about
Good luck on the target
Author: Wong linglong3
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1229230
ETH Address: 0x29AF24D027E5A0A74427A2A4D5dDFe09803D5F93