TeraWATT

in #terawatt6 years ago (edited)

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WHAT IS Terawatt?

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).

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

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.

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TokenUtility

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

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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

Team

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Roadmap:

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Conclusion

Terawatt is a very mature and good decision that has been taken up to take care of the unnecessary expenses we end to pay for the electricity bills. This is not right and with LED bulbs there is a huge chance for us to save some money that we pay for these bills. It is very important to take down the green house gases as all that they end up doing is contributing to something that we don't really need right now. So, terawatt, according to me is worth the time and I am looking for the adventures it has to offer in the coming time.

Website: https://terawattled.com/

White Paper: https://terawattled.com/assets/Terawatt.pdf

ANN: 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

personal INFO :
bitcointalk username : steem01
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2251815
ETH adress : 0x0B448c913cC7b8f1072215AbA22f79233036654e

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