TerraWATT - Global LED Adoption Through Blockchain
Terawatt is a new entrant in the market set to disrupt the energy sector. It is based on the blockchain seeking to tackle the issue of renewable energy and issues affecting green gas emissions. The goal is to monetize the industry by getting more people to adopt LED adoption across the globe. The platform rides on the Ethereum network with a custom token that will facilitate global payments.
The projects targets large and small scale consumers, LED retailers, industry stakeholders and token holders with no geographical restrictions. To achieve their goal, the team plans to establish a DAO which will be funded by participants to make the project sustainable. The DAO will be future funding and enabling LED sales subsidies.
Terawatt Visibility and Route to Market
Terawatt is harnessing blockchain to incentivize energy consumers through the innovative patent-pending mechanism. Reward tokens will be generated through the Ethereum platform as the base blockchain. A simple mechanism has been put in place to verify LED bulb purchases from select affiliate retailers with the consumer getting rewarded.
The platform, through zk-SNARKS deployment will make the token utility stable to serve its purposes. The complexity of the contracts will be able to drive the DAO agenda to achieve the highest transparency and ascertaining of all transaction in an immutable environment. The automation precision on the network makes it easy to link and integrate with other crypto assets.
Terawatt ICO Detailed Structure:
- Project name: Terawatt ICO
- Token name: Terawatt
- Token ticker: LED
- ICO Token price: 1 LED = 0.40 USD
- ICO start date: October 16, 2018
- ICO end date: November 30, 2018
- Anticipated hard cap: 11,460,000 USD
- Anticipated soft cap: 2,000,000 USD
Why Target Global LED Uptake
The project aims at creating a central depository that that will see individual and utility companies reduce the consumption of energy across the globe that will translate into the world going the green way. By encouraging users to use more LEDs, green gases will reduce drastically and participants will be the end beneficiaries.
The token will play a pivotal role in solving a real world problem that has eluded most of the traditional technologies. The idea of adopting LED usage has always been seen by a noble venture by environmentalists but funding has always been a huge bottleneck in achieving a green world.
Availing an easy and transparent way to support the project means more LED adoption globally. With the DAO concept, the future of the project looks bright. The token owners have the freedom to determine the future of the project and the more the adoption, the better for the tokens market value and future traction.
The Terawatt ICO Project Team
A snap look at the team tells a lot about the future of the project. According to the whitepaper, the current team is composed experts in various fields sitting at the advisory board and that is a good thing for any start up. However, the omission of a development team could raise some red flags for the early adopters.
The whitepaper technology model appears to be fool proof and if adhered to the later, the viability of the coin is clear. With many households and companies turn to LED alternative to light up their homes and premises, the opportunities are there. At the time of writing, the project does not have elaborate competition and taking an early lead could be surefire market dominance.
Existing Opportunities and Drawbacks
LED uptake is on the rise and the demand is not going down any time soon. The market dominance might only be limited to areas where convectional power sources are available and this might lock out rural areas in most developing countries. This might also be complicated by region-specific regulations that are common when new technologies threaten traditional methods.
Giving communities the upper hand in participating in the project means decentralizing ownership where participants will mature the project to the next level; its sustainability is vested on the rate of onboarding that will also determine the rollout timelines and this can make or break the well thought initiative.
More information on the project ( LED ) please visit their website listed below:-
WEBSITE: https://terawattled.com/
WHITEPAPER: https://terawattled.com/assets/Terawatt.pdf
ANN: https://bitcointalk.org/index.php?topic=4180151.0
TELEGRAM: https://t.me/TeraWattICO
FACEBOOK: https://www.facebook.com/pg/Terawatt/about/
TWITTER: https://twitter.com/terawatt_led
Author: cryptocat156
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2154730
Telegram username: @cryptocat15
Thank You!
This company is one of those that produces the real product that people need! The team behind it, is a very good quality and professional team! Don't waste time and join us!