What is TeraWATT Project?

What is TeraWATT Project?

Terawatt is a new blockchain development that is created in order to renew the use of renewable energy sources, with special attention paid to the process of monetization and the driving of ecumenical adoption L.E.D. 

A special token was created, which can be used as Terawatt a currency in commission to payment for something, in the partnership that will accept it. The users can accumulate, buy or sell tokens, which will be interacted in this system. In addition, the token will use the POS to preserve the environment and assist with emissions to the environment. Terawatt CBC Casper was created, this is a special method, which makes it possible to get many advantages in other ways than different traditional protocols. These advantages consist in the fact that users can keep the latency as long as they need it, while at the same time spending the most minimal and optimal costs. 

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 like a decentralized global 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 and people to overcome the upfront cost of upgrading to L.E.D.s).

Terawatt Mission:

Terawatt will create a DAO, and also a deflationaryEthereum-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).

This is due to our 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), time decay fees, carbon tax data storage fees, carbon credits, and even 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 24/7.

Utilities and other businesses will want to accept our tokens for payments because our rate of deflation is much greater than all FIAT currencies and most, if not all, cryptocurrencies/tokens while also being more private and secure with zk-SNARKS and masternodes when available. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This will further increase token value due to the network effect. (Metcalfe's Law)

Terawatt Features:

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.

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) ICO Tokens. This is similar to the BNB token, but they only burn every quarter. We will burn continuously.

Who can join the DAO?

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 and more token holders join. We also aim to do this for GAS, and SOLAR, and WIND, Electric Vehicles, Etcetera. LEDs are just the beginning of the titan Terawatt will become. LEDs will be proof of concept and then it will snowball from there into these other sectors. Once utility companies experience the innumerable benefits of joining the DAO, they will happily pay to join, and other companies that don’t do this will experience F.O.M.O (fear of missing out).

Roadmap:

Token Sales Detail:

Terawatt  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.

Token: LED

PreICO Price: 1 LED = 0.30 USD

Price: 1 LED = 0.40 USD

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Ethereum

Accepting: ETH

Minimum investment: 0.2 ETH

Soft cap: 500,000 USD

Hard cap: 11,460,000 USD

Country: Netherlands

Whitelist/KYC: KYC

Restricted areas: USA, China, North Korea, Syria, Iran, Iraq, Belize.

For more information:

Website: https://terawattled.com/

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

Telegram: https://t.me/TeraWattICO

Twitter: https://twitter.com/terawatt_led

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

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373