4NEW ICO REVIEW

d187 (32)in #crypto • 6 years ago

ICO 4NEW is an innovation that implies simultaneous waste processing and generation of electricity. It provides a model of a closed cycle. It is based on innovative technologies that improve the environmental situation in the world and increase the volume of electricity production. The project is specifically designed for implementation in the UK, and afterwards in other countries, which will gradually cover the entire planet.

The rise in the price of crypto currency is largely dependent on the increasing consumption of electricity. It is required for the functioning of farms used for mining. Creation of crypto-currencies requires regular generation of powerful resources, but an increase in electricity consumption becomes a significant factor for increasing energy prices. In accordance with the 4NEW project, electricity will be generated by building plants that consume various waste as fuel.

Features of the project

CO 4NEW implies the preparation of such a technological chain:

• recycling;

• electricity generation in the process of waste processing;

• electricity sales in countries where processing plants will operate;

• Mining of various types of crypto currency for electricity, which will be obtained independently.

A distinctive feature of the project is that the company plans to support the technology and provides an opportunity for everyone to join this program.

In accordance with the project, the price of electricity is determined depending on the costs that are directed to the collection of waste, the construction of plants, as well as the costs required for production. Quick payback will be achieved by means of hand-mining on electricity generation. Its cost will be much cheaper than the energy that is purchased from third-party suppliers.

It is planned to launch the first plant, produced by the capacity of 10 mW of energy every hour, when it will be able to reach the maximum possible productivity. In a year this indicator will make 346 million kw. If you take into account the time spent on periodic maintenance of equipment, the annual production capacity can be 300 million kW. These figures are impressive and will provide maximum profit for the project participants.

To make internal calculations, the 4NEW project provides for the use of the KWATT own token. It is equal to the price of 1 kW of electricity. In recent years, in European countries, the cost of 1kW is in the range of 0.15 dollars. It is not planned to change the price for it regardless of the volume of consumption.

Participants in a modern ICO project will be able to sell generated electricity for profit. KWATT's tokens are smart contracts used on the ERC20 site, which is based on Ethereum technology. All operations are planned to be performed in a distributed chain of blocks, which guarantees the reliability of the data.

In accordance with the project, the release of 300 million KWATT is planned. At the end of the year, the investment fund Mirach Capital Group invested $ 25 million in the implementation of the idea, which had a positive effect on the progress of the case and allowed the construction of the first power generating unit. Tokens as a payment instrument can be used starting from this year to pay for services provided within the organization.

Ecosystem

As part of the implementation of the innovative project, in addition to the processes listed above, it is planned to create an ecosystem. It is planned to include the following components in it:

• Mining farm. It will be located at the WTE plant.

• Money Transfer Company. Two organizations with large scale of activity will be launched. Their specialization consists in the transfer of funds. They will provide the opportunity for KWATT tokens to be used as a payment instrument.

• Online pharmacy. The licensed organization will be available to customers from the United States.

• Insurance Company. The organization will provide medical insurance for about 90,000 customers.

Due to the careful development of all components of the idea and the provision of a good material base, the profitability of the project is ensured.

Token distribution