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Monday, August 6, 2018

TERAWATT - Creates Ethereum-Based Strong Deflation Currencies for Global Payments



Hello everyone here I will introduce a very interesting post for the future, all about Terawatt, a promising and interesting project, and for more details, let's just go to the following discussion:

All about Terawatt
Use blockchain technology to reduce world energy consumption by 20 percent (around 2,000 terawatt) by 2035, and also increase light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt seeks to discuss other renewable sectors, such as solar, wind, electric vehicles, after proof of concept is achieved with LEDs

Method:
Terawatt will form a decentralized autonomy organization (DAO), and also create a strong deflationary currency based on Ethereum for global payments. The DAO will be funded and used by utility companies, LED vendors, businesses, token owners and energy consumers worldwide. The DAO will act as a decentralized global mutual fund / insurance so that utilities (and businesses) always have access to financing (which continues to dry up) to subsidize the sale of LEDs to their energy consumers (or to increase business to LEDs).

This is a big advantage for utilities because they want 100 percent of customers to have energy-saving lamps because of the progressive grid overload, forcing energy companies to build (and maintain) expensive (hundreds of millions of dollars) power plants to meet demand, they are also authorized by government agencies ( namely, the US Department of Energy and the US Environmental Protection Agency) to increase adoption of LEDs in their respective markets. Companies want LEDs because they cut bills for electricity, increase light output, reduce maintenance costs and qualify for tax breaks. Initial costs are a problem, but Terawatt will help overcome this.

The Telantat Token will also be used as a currency, similar to the ETH, in any commercial or utility company, which will consider it a payment method. DAO members with businesses are willing to accept maintained tokens as payment, because they will get increased voting power / share in DAO, but also because it is far more deflationary than FIAT or other kriptovye fees because of the constant coin burning structure, which still has the potential to increase profitability.

Energy companies and other tokens will buy our tokens at DAO, we charge entry and exit fees, and when they sell their positions, we take a percentage of their profits (for example, mutual funds or reimbursement.). We will take 50-75% of this profit for redemption and burn our tokens every day (for each transaction). With Terawatt, all people and businesses can have uninterrupted access to inexpensive / free LED products, which significantly reduce purchasing costs, electricity bills, improve global lighting efficiency, and in turn, reduce global greenhouse gas emissions.

Current (LED) can or cannot increase exponentially as more energy companies (and energy buyers / consumers / other companies) realize the benefits of using our tokens and join the DAO (Metcalf's law), thus increasing demand, and reducing supply.

Through the use of DAO, a key partnership (We actively support cooperation and partnerships with utility companies around the world), disinflationary supplies, incentive tokens and greedy marketing, maintained trying to help place LEDs throughout commercial, industrial (streetlight), government and building residences / facilities around the world and effectively increase shifts from less efficient incandescent lamps, metal halides (MH), high pressure sodium (HPS) and compact lyuminestsentnog

Token owners will also be able to find and use applicable discounts for instant taxes, search for tax credits, and then securely store data on network purchases for future use when filing their taxes. Participants can buy, sell, save with masternodes (if any), vote, donate or hold (LED) tokens that will use the Terawatt ecosystem.

Our mission
This is because the coin burning algorithm is continuous. Automatic maintenance will use 50-75% of the profits derived from fees for entering / leaving DAO, fees for profits (eg exchanges), the Commission to link payment times for storing carbon taxes, carbon credits and even from the LED Sales commission for toeclosure and recording (LED) tokens. This is similar to BNB tokens, but they burn every quarter, we will burn 24/7.

Utilities and other companies will want to take our badges for payments, because our level of deflation is far more than all FIAT currencies, and most, if not all, cryptokonventsy / tokens, and more personal and secure with zk-snarks and masternodes, when they available. In addition, the more tokens they need to enter DAO funds, the more votes, benefits and rewards they can get. This will further increase the token due to network effects. (The Metcalf Act)


Problem lighting / solutions
Inefficient light bulbs create unnecessary greenhouse gas emissions that contribute to climate change, and electricity bills do not need to be too high for the public and the government. Terawatt will help solve this problem

LED adoption driving
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 lighting. And why not? As we all know, LEDs are energy that is efficient and durable, which means large savings in energy, as well as reducing maintenance costs.

But what about other advantages? Like reducing crime, safer areas and overall improvement? These are all the advantages of LED street lights that can be compared to the orange light from high-pressure street lamps (HPS), still illuminating most of our roads and environment.

Why do we need chains?
  1. Create a decentralized, safe, private (zk-SNARKS) deflation currency with utility functions
  2. We need sophisticated intellectual contracts to manage DAO
  3. We need transparency, eternity, decentralization, and verification of all transactions carried out on the platform
Process automation is very precise
It's easier to work with other cryptresources in an increasingly digital world. Integration with other projects in the block chain (product tracking, verification, ecosystem expansion, etc.)

Why is LED?

Benefits
  • Turn on immediately, like an incandescent light bulb
  • They remain cool to the touch even after use
  • Hold up to five times longer than CFLs
  • There is no sensitivity to cold temperatures
  • Do not contain mercury
  • Some models can be used with dimmer switches
  • Available in white, warm and bright white

"Low energy lamps use less than 20% of conventional light bulb energy and can last up to 15 times longer." -Carbonfootprint.com

LED Token Utility

LED incentives
Terawatt Tokens will act as a reward system for every purchase of LED bulbs that are verified by our process pending patents. This serves as an incentive for users to buy LEDs for homes, businesses, or government uses and verify them through our interface

Data storage
Records of purchasing LEDs can be stored safely in the Terawatt ecosystem. This allows the purchasing entity to return at tax time and have all other LED and Energy Star Rated Purchase records available. Users pay a small token fee to access the recording again.

Community Based Governance
Donated funds can be locked into collections, and the Global Maintenance community will choose / decide what projects are funded and how much funds will be provided or set aside for these projects.

Masternodes
We aim to have Masternodes when Ethereum Blockchain allows for it. Masternodes will help to better secure and decentralize the Terawatt network.

DAO
Funding of Decentralized Autonomous Organizations


Feature


Token Contributions Chart
Use of Tokens


ICO details
  • Private sales: June 2018
  • Preico: July 2018
  • ICO: September 2018
  • Close: $ 11,460,000
  • Competitors: None
  • Total Supply: 100 Million Tokens
  • Supply Circulating: 65 million


  • (supply will decrease exponentially in the s-curve mode to as low as 1 million tokens at all times).

  • Roadmap

    • 2017: Project Conception, Whitepaper compiled, Patent Filed
    • December 2017: Team Building - Acquiring CTO, COO, and Counselors
    • Jan 2018: White Paper / Website, Brand Awarded, Registered on KICKICO
    • Feb 2018: Building Present, Token Presale site is being development
    • June 2018: Launch of Private Sales, Development
    • July 2018: PreICO
    • Sep 2018: ICO
    • Oct 2018: DAO development starts, Register Exchange, Hire more Developers
    • Nov 2018: Obtain major partnerships and meet more Utility companies
    • Jan 2019: Launch of Wallet Mobile, continue development
    • Feb 2019: Masternode and DAO testnet
    • Mar 2019: Full Released Functional User Interface, DAO Mainnet Online
    • Apr 2019: Devcon and Get More Partnerships
    • May 2019: Verification of Acceptance / Tax Incentives / Development of LED Tokens
    • Jan 2020: Maintained LED Ecosystem Expansion into related sectors

    To find relevant details regarding the current Terawatt smart contract, please follow some sources for the following References:


    Bitcointalk name :Icaica22
    Link Profile :https://bitcointalk.org/index.php?action=profile;u=1546717
    ETH address :0x8d51bce79f5023617C1B55653d1838a5cf75Bd86

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