Terawatt- Global LED Adoption Through Blockchain Technology

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Introduction

Light Emitting Diode Lamp or better known by the name of the LED lamp is a type of semi conductor lamp that functions by converting electrical energy into light energy. The use of lights with LED technology is very suitable to use with current society conditions and even predicted in the future this type of lamp will dominate the needs of market lights.

This type of light is able to emit bright light without draining a lot of electrical energy so that certainly will not make the house electricity swell. Electricity consumption required LED lights even more efficient 80 to 90% compared to other types of lamps alias saving electricity. Electrical energy to light this lamp can use alternative types of sources such as batteries and microhydra power by using turbines that are assisted by hydro power.

However, LED prices are quite expensive. Therefore, I hope if TeraWATT will be able to produce LEDs with cheaper price.
Return to discussion ICO TeraWATT, Global LED Adoption Through Blockchain Technology. We want to help aggressively encourage the adoption of LED Lighting by creating Decentralized Autonomous Organization (DAO) to be funded and used by major utility companies and energy customers worldwide.

About TERAWATT ECOSYTEM

Terawatt Ecosystem is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. Terawatt aims to solve real world lighting problems by allowing everyone to own a LED bulb at work, at home or even in the streets. 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.

BENEFITS TERAWATT ECOSYSTEM AND SOLUTIONS

Inefficient light bulbs create both unnecessary greenhouse gas emissions that contribute to climate change, and unnecessarily exorbitant electricity bills for peoples and governments. Terawatt will help solve this problem by adopting LED lighting. LED solutions have never been more affordable or affordable than now. With several discount programs and incentives, more cities are making the transition to street street lighting. And why not? As we all know, LEDs are energy efficient and durable, which means huge savings on energy, as well as reduced maintenance costs. But what about the other advantages? Such as reducing crime, safer areas and overall improvement? These are all the advantages that LED street lighting can offer compared to the orange glow of high pressure street lighting (HPS), which still illuminates most of our streets and neighborhoods.

DAO Funding Participants will add funds to the DAO in the form of Terawatt tokens (LED ticker). All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO. This will help increase the network effect (Metcalfe’s Law). Now we have a growing decentralized fund as more token holders join. Why invest in this DAO? High probability of making profits, to direct the funds via voting on community proposals, and to help drive global L.E.D. adoption The Terawatt token supply will rapidly and exponentially decrease with a continuous coin burning algorithm.

Terawatt will automatically use 50–75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), Carbon tax data storage fees, carbon credits, and also from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter. We will burn continuously.

Why do we need blockchain

To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions

● We need complex smart contracts to power the D.A.O.

● We need Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform

● Extremely precise process automation

● 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)

● Reliability and fault tolerance

The Terawatt token will have several utility functions: 1) Used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants 2) Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts 3) Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentive to verify L.E.D. bulb purchases 4) Incentive — The Terawatt Token/Currency acts as a reward for each L.E.D. bulb/fixture 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 5) 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.

Masternodes — When Ethereum makes it available. This will help to further secure and decentralize the Terawatt ecosystem, while providing benefits like residual rewards and DAO voting/staking power to token holders There are no companies doing this right now, and our project will have a token ecosystem that can expand into many different renewable sectors like Wind, Solar, Electric Vehicles, and more. Terawatt is patent-pending (further patents to be granted) and will use a community based governance model where participants can vote with their tokens on which city/application we can help convert to LED’s. Terawatt will also help to educate others about the benefits of switching to LEDs.

The Benefit Of Using L.E.D

Light up immediately, like an incandescent bulb

They stay cool to the touch even after use

Last up to five times longer than CFLs

No sensitivity to cold temperatures

Do not contain mercury

Some models can be used with a dimmer switch

Available in soft, warm, and bright white hues

The LED Token Utility

The Terawatt token will have several utility functions:

Used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants.
Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts.
Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentive to verify L.E.D. bulb purchases.
Incentive — The Terawatt Token/Currency acts as a reward for each L.E.D. bulb/fixture 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. ©2018, Terawatt Corp All Rights Reserved 36 6) Masternodes — When Ethereum makes it available. This will help to further secure and decentralize the Terawatt ecosystem, while providing benefits like residual rewards and DAO voting/staking power to token holders

Token Details

➣ Name: Terawatt Token
➣ Symbol Token: LED
➣ Platform: Ethereum
➣ Total Supply: 100.000.000 LED
➣ Tokens for sold: 65.000.000 LED
➣ Payment: ETH
➣ Token price of Pre-ICO: $0.30 USD
➣ Token price of ICO: $0.40 USD
➣ Softcap: 500,000 USD
➣ Hardcap: 13.500.000 USD
➣ Minimum investment: 0.2 ETH
➣ Private sales: June 2018
➣ Pre-ICO: July 2018
➣ ICO: September 2018

Description of the token

The project will use Ethereum to release and create tokens mainly because it has a basic foundation that our technologies will implement. Teravatt will manipulate block contracts. Our token will be the standard ERC20 marker with some specific modifications. Our algorithms will confirm that the consumer actually purchased the light bulbs from the appropriate vendor and add the transaction to the block chain. Smart contracts will perform and manage the entire process.

For more information please visit the links below

Website: https://terawattled.com/

Whitepaper: https://terawattled.com/assets/Terawatt.pdf

Ann Thread: https://bitcointalk.org/index.php?topic=4180151.0

Twitter: https://mobile.twitter.com/terawatt_led

Facebook: https://m.facebook.com/Terawatt/about

YouTube: https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ

Telegram: https://t.me/TeraWattICO

Author: anelka

Btt link: https://bitcointalk.org/index.php?action=profile;u=2273527

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anelka

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