4NEW Project

bisiland (0)(1)in #ico • 6 years ago

4NEW is an actual producer of energy, converting city waste into electricity with no harmful pollution or residue remaining through a closed combustion chamber. 4NEW’s energy power plants earn enough revenue from cleaning up city waste, that it covers the entire costs of the power plant. 4NEW’s real innovation is then to take this electricity that is generated from the waste and power a massive crypto/bitcoin mining farm. Purchasing the 4NEW KWATT token gives the owner a share in the revenue earned from this crypto mining farm.

DISCLAIMER
This document and any other 4NEW documents do not constitute a prospectus of any sort and are not a solicitation for investment. The KWATT
Coin does not represent an ownership or share in ANY public or private corporation, or other entity in any jurisdiction. The KWATT Coin is a coin
that can be used to purchase goods and services within the 4NEW ecosystem.
Acquisitions of KWATT Coins through the initial coin offering are non-refundable. KWATT Coins are only to be used in connection with 4NEW. Any
acquisition and use of KWATT Coins carries significant financial risk, including the use of the experimental software.
Except where specifically indicated, the statements and information set forth in this Whitepaper are not intended to recite current or historical
facts and constitute forward-looking statements. Forward-looking statements may include the words “may,” “will,” “could,” “should,” “would,”
“believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan” or other words or expressions of similar meaning. These forward-looking statements
are based on the current beliefs, plans, objectives, goals, expectations, anticipations and/or intentions of 4NEW with respect to future events.
Although 4NEW believes that the expectations reflected in the forward-looking statements are reasonable, 4NEW cannot guarantee the successful
establishment or operation of its systems and business or any future results, level of activity, performance or achievements.
Many factors discussed in this Whitepaper or otherwise affecting the matters discussed herein, some or all of which may be currently unknown to
4NEW or beyond 4NEW’s control will be important in determining the ability of 4NEW to establish and operate its systems and business. Consequently,
actual results may differ materially from those that might be anticipated from the statements and information set forth herein. In light of
these and other uncertainties, the statements and information set forth in this Whitepaper are for informational purposes only, should not be
relied upon in making any purchase or other decision, are subject to change, and are not intended to establish or indicate any representation,
warranty, commitment, undertaking, promise or contract made on the part of 4NEW to any person. 4NEW does undertake any obligation publicly
update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. ADDITIONAL
RISKS HIGHLIGHTED ON THE WEBSITE. https://4new.io/

LETTER FROM THE FOUNDER & CHAIRMAN

Ladies and Gentlemen:

The team at 4NEW is proud to announce the world’s first coin ever, that embodies electricity. Our product is grounded in necessities, solving three
global & social problems; waste surplus, energy shortfall and voracious energy consumption of cryptocurrencies.
Our blockchain platform will enable the staking of KWATT tokens that will, for the first time ever, facilitate tokenized electricity to transact over the
blockchain network. This revolutionary application and utilization was only possible with the advent of the blockchain technology.
Given the utilitarian nature of our services, it is our belief that 4NEW will successfully integrate the blockchain network within the real world
applications of energy consumption of the crypto community leading to widespread mainstream adoption.

Our seasoned management team, with over 300 years of collective experience, brings a vast and diverse perspective that has enabled 4NEW to
explore rare and unique opportunities. We are excited to present a solution such as ours that will revolutionize and standardize three industries,
Crypto-mining, Waste Management and Energy, creating disruptive economies of scale on a global level.

How it works:

INTRODUCTION TO THE PROBLEM

Cryptocurrencies global market capitalization has surpassed $500 billion USD rising over 2000% in 2017. This trend is expected to continue for the foreseeable future as businesses increasingly embrace the elegant design and transparency the blockchain offers to all.

However, as of March 31, 2018, Bitcoin mining energy intake has officially surpassed the entire energy consumption of the country of Singapore, which ranks 43 globally in regards to energy consumption. As the difficulty of mining increases to reflect the influx of miners joining the network, this energy consumption will increase.

The most astounding aspect of this is that the rate of expansion is exponential. At the current rate of consumption, next year Bitcoin mining will consume enough energy to be listed as the twentieth country in the world by energy consumption. The model is simply unsustainable. The world relies primarily on the production of energy from the burning of coal and oil, which not only damages the environment but the economy as a whole. If Bitcoin has a great enough impact on the world’s coal and oil supplies, the cost of a kilowatt will rise globally.

The more valuable one bitcoin becomes, the more energy will be used to mine that coin, therefore with price spikes, come energy spikes. This will go on until energy around the world will cost much more than it does currently, as a result of increased demand from miners globally.

As of September 30, 2017, 1 bitcoin transaction consumed as much power as 7.5 US households for a day.
As of December 31, 2017, 1 bitcoin transaction consumed as much power as 10.5 US households for a day.
As of March 31, 2018, 1 bitcoin transaction consumed as much power as 30.5 US households for a day.

4NEW SOLUTION

4NEW is the world’s first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The concept is quite simple, the process of refining waste product into water and organic materials creates energy and that is then leveraged to either be sold to the national grid or applied to operate mining processes at an onsite mining farm.

This will enable global transference of electricity without the need for infrastructure.

The cost to produce the energy is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at breakeven or a marginal profit. Therefore, the energy produced is unencumbered and freely available for utilization or sale to the national grid.

Historically, the price of 1 kilowatt has been very stable for the past fifty years at approximately $0.15 globally, inflation adjusted. This trend is expected to continue for the foreseeable future in lieu of technological innovations. However, the wild card that not many have truly evaluated is the exponential acceptance of the blockchain worldwide leading to a massive spike in energy consumption by cryptocurrency mining that could drive the price of energy up globally.

4NEW has the unique opportunity to apply this finite lifetime supply of energy to its coin, namely, KWATT. The 4NEW coin symbol is KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.

Organic waste is collected from homes and businesses and is mixed with farm residues to form a substrate which is fed into the digesters. Here, the mixture is heated to between 35-55 degrees Celsius, and it begins to release biogases. This release of gases continues for 65 days through to the pasteurization process, where the substrates are then further heated to over 70 degrees, in order to kill any harmful bacteria. Following this, the “digestate” – the matter left behind after the biogases have been extracted – is stored until it can be spread as fertilizer on agricultural land.

Now that the gases have been captured, they are able to be run through a Combined Heat and Power (CHP) engine. 30% of the heat is utilized by the plant to assist in the fermentation process, and the electricity is either utilised on site, or exported to the grid.

4NEW’S BLOCKCHAIN

Electricity is an intangible commodity. Nevertheless, it is not practical or feasible to scale access to electricity globally due to its dependence on tangible infrastructure that tends to be localized and dependent on jurisdictional laws and local supply-demand economics.

With the advent of the blockchain technology, for the first time in human history, we have the ability to scale a localized, intangible commodity
such as electricity, globally. Historically, power providers would structure Power Purchase Agreements with large consumers of power such as
factories or manufacturing lines. This would allow the consumers of power to negotiate deeply discounted prices due to the collective bargaining
strength of their unique vantage point.

The KWATT Coin allows us to fractionalize the output capacity of a power plant down to the most fundamental and basic unit, which is the kilowatt hour. Moreover, by pegging the power unit to the coin, for the first time we can make power mobile as long as the power plant has the supply of electricity to back it up 4NEW has successfully configured the KWATT coin to be pegged with electricity since we are a power producer, not an exchange.

Furthermore, the 4NEW blockchain will enable holders of the KWATT coin to stake their tokens on the network allowing consumers of power to utilize the stacked coins in order to process crypto transactions for currencies such as Bitcoins, Bitcoin Cash, Ethereum and Dash amongst others.

In this manner, the 4NEW ecosystem including the power plant and the mining farm will operate on the underlying blockchain technology making kilowatts mobile and scalable globally.

The 4NEW decentralized, the distributed ledger is also where all actors in any industry will be able to transact using the KWATT coin. The coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction.

The ledger will provide an immutable and auditable journal of all transactions related to purchase and sale of goods and services on the blockchain. With all parties to each transaction being able to see the same ledger entry, costs of reconciliation and the potential issue of disputes and revenue leakage are controlled to a very large extent.

ROADMAP