4new - Energy and it's process
A trip to history:
"The fundamental principles of electricity generation were discovered in the 1820s and early 1830s by British scientist Michael Faraday. His method, still used today, is for electricity to be generated by the movement of a loop of wire, or disc of copper between the poles of a magnet. Central power stations became economically practical with the development of alternating current (AC) power transmission, using power transformers to transmit power at high voltage and with low loss"...... Wikipedia https://bit.ly/2DzlYTR
Source: https://goo.gl/images/6eALrK
And more history
" In 1870, commercial electricity production started with the coupling of the dynamo to the hydraulic turbine. In 1870, the mechanical production of electric power began the Second Industrial Revolution and created inventions using the energy, whose major contributors were Thomas Alva Edison and Nikola Tesla. Previously the only way to produce electricity was by chemical reactions or using battery cells, and the only practical use of electricity was for the telegraph"...Wikipedia (https://bit.ly/2DzlYTR)
As man advance it came along with an increasing need for energy in various forms so also is the fact that various forms of energy production and generation came into fore, we saw how that energy could be generated from water(hydro), steam, wind, sun (solar), waste (biological process) ETC.
This advancement took time, from a period where no one thought of electricity generation(pre-faraday) to present day advanced method however this development came with a lot of attempts, delays and set backs -in fact we could remember the frustrating setbacks and determination of Thomas Alva Edison in perfecting the light bulb, an exhausting 10000 times.
Tokenization of Electricity
Traditional method of electricity generation and distribution are not new to man, in fact we've gotten use to this type of energy generation, transmission and distribution that 4new approach came as both a new type of knowledge and process but caught us unaware also - How can electricity reside in a coin?
Source: https://goo.gl/images/Js88Uw
The mind blowing approach of 4new to the many woes of electricity short falls faced in recent times by man would see to production of electricity through biological process - a process known over time as one of the least environmental impacted approach. They intend to use the Blockchain to achieve this.
As much as the Blockchain is one of modern man biggest breakthrough, the decentralization nature and the fact that it brought in transparency and saw that 'power' is distributed to just any one came with it's own woes - the constant energy depletion and shortfalls. Bitcoin mining being the most popular is known as a notorious energy consumer, the statistic is everywhere and fears that if this isn't curtailed early will lead to shortfall of energy in a disastrous manner.
The stone that kills 2 birds
4new.io have been around since late last year (around October) offering this solution to the world not only to the Blockchain sphere, even though they would make use of the decentralization nature of the Blockchain they intend to combat waste produced by man that increases presently in an alarming rate and also solve energy problem faced by man to a large extent by tokenizing electricity in a form of KWATT such that each holder of this coin invariable holds energy and can sell to the national grid as a way of contributing to energy availabilty or mine with it - 4new will mind top cryptocurrencies of holders choosing.
KYC AND AML
Source: https://goo.gl/images/afYwtA
As every invention comes with it's own unique delays, it's own unique regulations and policies, the blockchain is not left out of this, you can't even do much this days that is if you're going to survive around here (blockchain sphere) if you're at the wrong side of the block. KYC/AML is a must do carried out by all project if they are not going to face the proverbial hammer of regulations, we wouldn't want a situation the 4new process is getting disrupted possibly closed down or worst still it's wallet hacked and we can't even find a trace, i think that will be disastrous adding to the fact that most exchange requires you to have the KYC of your investors handy in the case of any eventualities.
No one like to know that there are times our projections and visions faces challenges but sometimes this eventualities are inevitable especially when the purpose is for a healthy course, we all know this daring concept will stand the test of time as they (4new) are already getting noticed around the world, having received the Mahatma ghandi lifetime achievement award check here https://bit.ly/2JUIB7p
They've gone to making a connection with the people of Puerto Rico (https://bit.ly/2Jnz1x1) in a bid to alleviate their energy problems and cut down the level of waste too having set up 2 plants already in the UK (https://bit.ly/2JqvcqU)
One could see the new date extension as an opportunity to get in more of this energy embodied tokens as ICO has been extended to 29 of June with bonuses in the various dates arrangements as shown in the new update on 4new.io
1 June – 8 June 100% Bonus
9 June – 15 June 75% Bonus
16 June – 22 June 50% Bonus
23 June – 29 June 30% Bonus
After this period the opportunity to get in with all this judicious bonuses will get lost for good as they plan of burning unsold tokens!
ICO still very much On as Now is the time!
https://web.telegram.org/#/im?p=@FRNCoin (live support 24/7)
Great project, my only concern is with the additional bonuses again, but hopefully this extra time will get them some more investments.
Yes, they should have stopped bonus. Project is doing good, only concern is ICO sale going on an on.
It might impact the price when it lists on an exchange. I think the 100% was not a good move and it would really impact the price when it lists.
Bonus, bounty tokens, airdrops, people have received lots of free tokens. That surely impact the token price after listing, but I think it will be for very short time.
I hope the tokens don't get dumped due to the high bonus payouts, we'll see - I still believe in the project nevertheless
Well, i get the idea that is part of the means of marketing, in order to generate more investment from investors but such bonuses can be detrimental to the project as regards to dumpers disregarding the spirit of hodl
I think with the explanation I have received this far, supply is going to be very very minimal...
Man look at those bonuses. Each week it gets reduced by 25%. I feel they are too high.
Ya it feels kind of high but it’s for a short sprint so I imagine they are trying to use it as a way to drum up volume before the move to exchanges I get the feeling the first few weeks on the exchange are going to be a rollercoaster but with good volume
my concern is, its 30 day sale not 3 day sale. I was expecting listing in June itself. But looks like we need to wait for months now.
Yeah. The thing that worries me is with everyone getting such a high bonus multiple times, there is going to be ALOT of profit taking when this hits an exchange.
And that will dump the tokens and it might take time before it begins to recover.
Nice article, i just want to see them finish up and start doing the needful, the community is patiently waiting to utilize 4NEW energy source
Yeah man, I've been with the team for a while now and I can't wait to make use of my KWATT :)
mining can be done only after mining farm is ready? Token sale is till June end, so we have to wait for some more time.
Nice write up friend. Have been following on this project for a while now, their concept is good but they still need to correct some things with their strategies.
Interesting little history lesson at the start and it links into the project very well.
Yeah, the writer complied his write up very well i enjoyed reading his article. 4NEW is unto something great.
As I see from the other comments here, I'm not the only one who thinks the bonuses are too high and that the ICO should finally be finished. It all takes too long
I finally want to start mining :-)
Well don’t forget even after ico is done it’s going to be a couple months till the mining hardware is set to be installed I think. From what I read it’s supposed to be in place late 2018
I wish the white paper had a contents page so it would be easier to navigate through.
As far as I can remember, the start of mining was promised for June. right after the ICO (which has now been extended)
So that now has changed? I was informed that selling to the national grid is in progress? but not sure what they are doing now.
There has been too many extensions, people are starting to lose interest, which is a real shame cause they were doing so well with the development and the operational plants etc
Have there been any official release from the project team about their sales? How far have the sales gone?
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