Solving social problems through blockchain – 4NEW
The problem of waste already carries not threatening, and in many cases catastrophic in some countries and regions. And these regions by their development can not do anything to solve this problem. The company starts its activity in Great Britain but plans to enter other regions.
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4NEW Announcing the Largest Waste to Energy Blockchain ICO Known to Man at 350 Million Usd.
4NEW is the world’s first ever Waste to Energy treatment facility integrated entirely on the blockchain network.
With this project, they are trying to solve two social issues – Waste surplus and energy shortfall.
The generation of electricity will occur in the 4NEW plants, where the collected waste will be incinerated, creating steam which will turn the turbines to generate electricity.
4NEW energy generation process is a zero landfill process i.e they do not deliver any waste to landfills.
4NEW has identified 3 plants to begin operations in 2018 and all the plants would be setup in close vicinity to the urban centers, which shall help them reduce transportation, material handling and delivery costs. Moreover, costs associated with maintenance and treatment of landfills are also eliminated. These saved costs along with a reduction in expenses due to controlling the entire supply chain will help 4NEW provide cheap electricity to the end user.
4NEW is also concerned about its own environmental impact, which is why they take special care to not waste water and dispose of the waste generated in the process responsibly.
All the transactions in the project, like collection of waste and distribution of energy, will be facilitated by a token developed by 4NEW – FRNC.
The token used in the platform to transact, makes payments and regulate usage of electricity by households, industries and private individuals is the 4NEW coins. Each 4NEW plant has a minimum annual capacity of approximately 40,000 tonnes per year of waste processing.Each ton generates roughly $110.00 in coin utilization for waste collection services. Additionally, processing 40,000 tonnes of waste per year would convert to approximately 104,000 MW/Yr of energy that can be sold for approximately $0.13 per KW in coin utilization. Both waste and energy require roughly $13,500,000.00 in coin utilization per annum per plant. To meet up corporate objectives of the platform, ICO is out for offer to allow participants take active part in the inherent benefit of the platform.
300, 000, 000 tokens have been created for total supply. One hundred million coins (100,000,000) are allocated to each plant site. If only one plant site is launched then the remainder two hundred million coins (200,000,000) will be placed in corporate treasury until such time as the management team is ready to acquire additional properties to build additional plants. The ICO is in four categories.
17thOctober to 23rd October, 2017 -1 ETH = 264 FRNC (55% BONUS COINS)
24th October to 31stOctober, 2017- 1 ETH = 242 FRNC (40% BONUS COINS)
1st November to 14thNovember, 2017–1 ETH = 220 FRNC (30% BONUS COINS)
15thNovember to December 15th, 2017–1 ETH = 170 FRNC.
Official linksOfficial website: https://4new.co.uk
Technical Report White Link:https://4new.co.uk/4new_whitepaper.pdf
Twitter: https://twitter.com /4newcoin
Author: Volobranof https://bitcointalk.org/index.php?action=profile;u=1653347