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Terawatt: Global LED Adoption Through Blockchain Technology

Wed Jul 11, 2018 2:31 pm

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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). 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.

About Terawatt

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.

Our Mission

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)

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?

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

CASE STUDY: LOS ANGELES REACHES ANNUAL SAVINGS OF $8.7 MILLION
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Why L.E.D.?

The Benefits

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

“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

Token Description

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.

The Features
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Token info

Token LED

Platform Ethereum

Type ERC20

PreICO price 1 LED = 0.30 USD

Price in ICO 1 LED = 0.40 USD

Investment info

Min. investment 0.2 ETH

Accepting ETH

Distributed in ICO 65%

Soft cap 500,000 USD

Hard cap 13,500,000 USD

Roadmap

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

Team
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https://www.terawattled.com/assets/Terawatt.pdf

https://bitcointalk.org/index.php?topic=4566082.0

https://t.me/TeraWattICO

Bitcointalk profile: https://bitcointalk.org/index.php?actio ... ;u=1048360

Bitmannn
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 22
Joined: Sun Mar 25, 2018 3:44 pm

Re: Terawatt: Global LED Adoption Through Blockchain Technology

Mon Apr 01, 2019 12:57 pm

They are the most visible type of diode, that emit a fairly narrow bandwidth of either visible light at different coloured wavelengths, invisible infra-red light for remote controls or laser type light when a forward current is passed through them.
The “Light Emitting Diode” or LED as it is more commonly called, is basically just a specialized type of diode as they have very similar electrical characteristics to a PN junction diode. This means that an LED will pass current in its forward direction but block the flow of current in the reverse direction. Check our artificial sapphire manufacturer for more information.

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