TeraWATT
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.
The Terawatt token supply will decrease exponentially with our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7!
This may or may not mathematically cause token value to greatly increase as we are decreasing supply, while also increasing demand through marketing and growing adoption. Ex: If a Utility company invests $10,000/month, in one year their account value has possibly increased 200% from $120,000 to $360,000. They could withdraw part, or all, of their account balance to provide subsidized LED’s to their customers as needed, or to fund other green initiatives, like solar, wind, energy star-rated materials.products, electric vehicles, etc. Businesses and token holders can use their DAO profits to buy L.E.D. bulbs which will reduce their utility bills, qualify them for government tax credits/rebates, and reduce greenhouse emissions. We will also offer a token incentive for participants who verify that they used profits for buying/selling L.E.D.s or related technologies.
This is like a decentralized mutual fund, with the Terawatt token that powers it also acting as a fast, private, secure monetary currency which can be accepted at businesses and utility providers globally. It will make sense for utilities and businesses to take payment in our tokens as it will allow them to add more tokens into the DAO, and potentially greatly increase their profits. With the supply being extremely more deflationary than FIAT, and even than most other cryptocurrencies, it will become highly attractive as a payment currency.
Who can join the DAO?
All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO. This will help increase the network effect (Metcalfe's Law) Now we have a growing decentralized fund as more and more token holders join.
Token Utility
Used as a secure, private (zk SNARKS), fast, low cost, decentralized payment currency at Utility Companies, LED Bulb Sellers, and any other interested merchants
Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with Ethereum Smart Contracts
Allows access to decentralized immutable renewable tax data records (for a small fee), used as financial incentive to verify L.E.D. bulb purchases
Utility companies and other businesses will be incentivised to take payment in LED tokens because they will see how the extremely deflationary nature of our token will likely increase the price, and the more tokens they have entered into the DAO fund, the more voting power, profits, and staking rewards they will receive. This will further increase token value due to the network effect.
Financial
Token info
TokenLED
PlatformEthereum
TypeERC20
PreICO price1 LED = 0.30 USD
Price in ICO1 LED = 0.40 USD
BONUS
Private sale: 0-100% Preico: 0-65% ICO: 0-35%
Tokens for sale65,000,000
Investment info
Min. investment0.2 ETH
AcceptingETH
Distributed in ICO65%
Soft cap500,000 USD
Hard cap13,500,000 USD
ROADMAP
2017
Project Conception, Whitepaper drafted, Patent Filed
December 2017
Team Building- Acquired CTO, COO, and Advisor
January 2018
Whitepaper/Website, Trademark Granted, Listed on KICKICO
February 2018
Building Presence, Token Presale site under development
June 2018
Private Sale, more development and marketing
July 2018
PreICO, DAO construction
August 2018
ICO, Token launch, wallet release, apply to exchanges
October 2018
DAO testnet, Mobile Wallets, Seek Partnerships
December 2018
DAO mainnet online, Masternode announcement
February 2019
Fully Functional User Interface Released, Mainnet improvements
April 2019
Devcon, Acquire More Partnerships
May 2019
Receipt Verification/Tax Incentive Utility/LED Token Development
July 2019
Expansion of Terawatt’s LED Ecosystem
TEAM
FURTHER INFORMATION
White paper: https://terawattled.com/assets/Terawatt.pdf
Twitter: https://mobile.twitter.com/terawatt_led
Facebook: https://m.facebook.com/Terawatt/about
YouTube: https://www.youtube.com/channel/UCNtUjNIRzbUQBK95dYinJhQ
Telegram: https://t.me/TeraWattICO
My profile: https://bitcointalk.org/index.php?action=profile;u=1965191
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