4NEW - The world’s first tangible Waste to Energy Blockchain!

cryptowinner1 (4)in #blockchain • 6 years ago

Pollution of the planet with industrial and household waste is a global problem of mankind. Relatively recently, it was not so acute, because the waste was mainly of organic origin. But over the past two decades, the production of polymer packaging materials with a long decomposition time, sometimes in hundreds of years, has increased dramatically. On average, each resident of the city produces up to a ton of waste per year. Also in the world there is a problem of shortage of electric energy due to the growing energy demands of Blockchain technology. Interesting way of solving these problems found, the project team 4NEW, which is currently conducting fundraising for the project by ICO. Now we will analyze this project.

4NEW is a company that offers a decentralized initial coin in the blockchain network for a waste treatment project into electrical energy. The project will automatically complete two social problems as well as so much waste and the need for an energized supply of electricity. They will convert household waste from day to day into electrical energy which is then marketed nationwide. The technology to convert Waste into energy has existed and proven to be quite effective in most countries, however, no one in the world has integrated the entire supply chain real from garbage collection for integrated energy distribution to the blockchain network. With more than 300 years of teamwork being employed, 4NEW seeks to capitalize on this unique and rare opportunity to be a profitable business while helping to avoid waste buildup and to provide solutions to the problem of lack of national electricity supply.

They're planning to produce energy by refining waste products into water and organic material which they can then use to either sell to the national grid or to use on their own mining farm.

They plan to finance the cost of refining the waste with the profit that they can make by charging to collect the waste and selling any more valuable products that they collect. They state in their whitepaper that this should completely cover the costs of producing the energy or even leave them with an additional profit.

The new project will initially run on the Ethereum blockchain which will allow them to make use of smart contracts, this provides an additional layer of trust for anybody transacting with eachother.

However they plan to soon switch to using their own blockchain.

Due to the platform themselves being an energy producer this will provide them with a key advantage over their competitors as their costs for mining should be much cheaper.

The team behind the project hope to revolutionize the Waste, Energy and Cryptocurrency sectors simultaneously and are hoping that their token will be adopted in all different industries.

HOW IT WORKS

The platform is built on Blockchain technology to restructure the waste and energy industry to take advantage of both participants of the blockchain ecosystem and provides everyone and everyone with a feeling of humanity. The 4NEW solution will help bridge this gap for the block network by establishing future plant sites close to the city centers where these data servers are located, thus alleviating the burden of the national national grid.
The platform is built on four pillars.4NEW Coin Limited — Offer “Money Complaints” to peers in the industry, consumers and early adopters. A decentralized, open source chain-integrated platform that facilitates transactional exchanges between Business-to-Business (B2B), Business to Business (B2C) and Consumer to Consumer (C2C) businesses in waste and energy markets.

Solution

4NEW is a Blockchain-based ecosystem that serves to produce electricity from waste and renewable sources and convert it into an energy asset for crypto farms. The main element of the system will serve as a crypto asset KWATT, which is a smart contract. With its help, the distribution and accounting of electricity in the 4new ecosystem will take place. The equivalent of one KWATT token is 1 kilowatt.

The principle of operation is that power plants connected to the 4new ecosystem produce electricity, which is recorded in the equivalent of the KWATT token. Electricity from power stations is recorded in the blockchain, so it is registered. This energy is then distributed to consumers at the global average price.

The WASTE problem is solved with the help of waste processing plants included in the ecosystem 4NEW, each of which processes up to 100 thousand tons of waste per year. It happens in a way that is safe for the environment. The output is electricity. It should be noted that production costs are covered by payment for waste disposal, which are paid by interested companies that have problems getting rid of waste.ENERGY. Power generation is continuous. 4new plants are compact and can be built in a short time anywhere in the world. Electricity is sold either to the public or to corporate consumers, or it is used to ensure the operation of mining farms of the 4new ecosystem.CRYPTO. 4NEW estimated that the electricity from the waste processing will be enough to cover the needs of the Bitcoin blockchain.

Token details

The token, which is used on the platform to make transactions, makes payments and arrangements for electricity use by households, industry and private users. Each 4NEW plant has an annual waste disposal capacity of approximately 40,000 tonnes per year. Each ton produces approximately $ 110.00 in coins for waste collection services.In addition, the processing of 40,000 tons of waste per year can convert about 104,000 MW / Yr and can be sold for about $ 0.13 per KW for the use of coins. Both waste and energy require roughly $ 13,500,000.00 for the use of coins per plant per year. To meet the platform’s corporate goals, the ICO proposes to allow participants to play an active role in the natural cause of the platform.ADVANTAGES
4NEW will revolutionize Waste and Energy industries by offering services as a wholesaler within the Utilities sector that is fully integrated onto an open source, decentralized public exchange enabling consumers and industry peers alike to trade their 4NEW Coins towards payments within the 4NEW ecosystem.

Total tokens for sale: 300 million, any unsold tokens will be burned.
Type of token: ERC20
Price: Currently 1 ETH= 2010 KWATT

Friends company raises $ 25 Million within 8 days of Presale Lounge and this is a very serious indicator.
4NEW Announcing the Largest Waste to Energy Blockchain ICO Known to Man at 350 Million Usd.

Team

Advisers

Conclusion

At the end of 2017, the 4NEW project has already raised $25m during the Pre-ICO for a record period of eight days. The 4NEW project is a favorite among other existing energy blockchain projects. On ICO listings the project is also highly appreciated by experts.