TeraWATT - global introduction of LEDs through Blockchain technology

bumidinasty (6)in #cryptocurrency • 6 years ago

Terawatt is a patented process for the renewal and use of renewable energy sources, with an emphasis on monetization and the decision-making of global LED lighting. Terawatt will create DAO, as well as deflationary, private (zk-SNARKS) currency Ethereum for global payments. The DAO will be financed and used by utility companies, LED vendors, businesses, tokens holders and energy consumers around the world.

The DAO will act as a decentralized global mutual / insurance fund, so customers (and businesses) will always have access to financing to subsidize LED sales to their energy consumers (or to upgrade the business to LED solutions). Total delivery: 100 million tokens.
Circulation Supply: 65 million (the proposal will exponentially decrease in the s-curve to 1 million tokens over time). This is due to our continuous algorithm of burning coins. Terawatt will automatically use 50-75% of the company's profits from DAO's entry / exit fees, while others will use it to buy back and daily tokens.

About Terawatt

We are using blockchain technology to reduce world energy consumption by 20 percent (about 2000 terawatts) by 2035, and to increase light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt seeks to address other renewable industries such as Solar, Wind, Electric Vehicles, after the proof of the success of the concept will be achieved thanks to the LEDs.

Mission

Terawatt will automatically use 50-75% of the company's profit from DAO entry / exit fees, commissions for profit (for example, exchange), time bills, fees for storing data on carbon taxes, carbon credits and even commission interest sales to buy tokens. This is similar to the BNB token, but they burn tokens every quarter, we will burn 24/7.

Our customers and other businesses will want to accept our payment tokens because our deflation level is much larger than all FIAT currencies, and most, if not all, of cryptoconventions / tokens, as well as more private and secure with zk-SNARKS and masternodes. Moreover, the more tokens come into the DAO fund, the more votes, profits and rewards they can get. This will further increase the cost of the token due to the network effect. (The Law of Metcalfe).

Problem lighting / solution

Inefficient light bulbs create both unnecessary greenhouse gas emissions that contribute to climate change, and unnecessarily exorbitant electricity bills for peoples and governments. Terawatt will help solve this problem by adopting LED lighting. LED solutions have never been more affordable or affordable than now. With several discount programs and incentives, more cities are making the transition to street street lighting. And why not? As we all know, LEDs are energy efficient and durable, which means huge savings on energy, as well as reduced maintenance costs. But what about the other advantages? Such as reducing crime, safer areas and overall improvement? These are all advantages,

Why do we need a chain?

Create an unchanged decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions

- We need complex intellectual contracts for managing the DAO;

- We need transparency, immutability, decentralization and verification of all transactions performed on the platform;

-Exceptionally precise automation of processes- It is convenient to work with other cryptresources in an increasingly digital world. Integration with other projects in the block chain (product tracking, verification, expansion of the ecosystem, etc.)

-Reliability and fault tolerance.

EXAMPLE OF RESEARCH: LOS ANGELES WILL ACHIEVE $ 8.7 MILLION. ANNUAL SAVINGS OF ENERGY

Why LED? Benefits

- Turns on like an incandescent lamp
- They remain cool to the touch even after use
- Operate up to five times longer than CFL
- No sensitivity to cold temperatures
- No mercury
- Some models can be used with a dimmer switch
- Available in soft, warm and bright white shades.

"Low energy lamps use less than 20% of the energy of a conventional light bulb and can work up to 15 times longer." - Carbonfootprint.com

Description of the token

Our project will use Ethereum to release and create tokens mainly because it has a basic foundation that our technologies will implement. Teravatt will manipulate block contracts. Our token will be the standard ERC20 marker with some specific modifications. Our algorithms will confirm that the consumer actually purchased the light bulbs from the appropriate vendor and add the transaction to the block chain. Smart contracts will perform and manage the entire process.