Terawatt

From BitcoinWiki
This is the approved revision of this page, as well as being the most recent.
Jump to: navigation, search
Terawatt
Terawatt logo
Terawatt ICO Review
Terawatt ICO
Ticker: LED
ICO start: 2018-08-21 00:00:00
ICO end: 2018-09-14 00:00:00
Price: 1 LED = 0.40 USD
Bonus: 1
Tokens: 65,000,000 LED
Tokentype: ERC20
Hardcap: 13,500,000 USD
Softcap: 500,000 USD
Platform: Ethereum
Distributed: 65%
Minimum: 0.2 ETH
Accepting: ETH

Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, L.E.D. Sellers, Businesses, token holders, and energy customers worldwide. The DAO will act as a decentralized global mutual/insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s). Total Supply: 100 Million Tokens.

Circulating Supply: 65 million (supply will decrease exponentially in an s-curve to as low as 1 million tokens over time). This is due to our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, and other to buy back and burn tokens daily.

Description[edit]

Leverage blockchain technology to help reduce global lighting electricity consumption 50 percent (roughly 2000 Terawatts) by 2035, while also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin.  Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s.
Method:
  • Terawatt will create a Decentralized Autonomous Organization (DAO), and also create a highly deflationary Ethereum based currency for global payments. The DAO will be funded and used by Utility Companies, L.E.D. Sellers, Businesses, Token Holders, and Energy Customers worldwide. The DAO will act as a decentralized global mutual/insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s).
    This is a major benefit to utility companies as they want 100 percent of their customers to have energy efficient lights due to progressive grid overload, which forces power companies to build (and maintain) expensive (Hundreds of millions of dollars) power plants to meet demand. They are also mandated by government agencies (i.e. US Department of Energy and US Environmental Protection Agency) to increase L.E.D. adoption in their respective markets. Businesses want L.E.D.s because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax incentives. The upfront cost was the issue, but Terawatt will help overcome this.

  • The Terawatt Token will also be used as a currency similar to ETH at any business or utility company that will accept it as method of payment. DAO members with businesses will want to accept Terawatt tokens as payment because they will gain increased voting/staking power in the DAO, and because it's much more deflationary than FIAT or other cryptocurrencies due to continual coin burning structure, which equals potentially increased profitability.
    The power companies, and other token holders, will buy into the DAO with our tokens, we’ll charge a fee for entering and exiting, and when they sell their position, we take a percentage of their profits (like a mutual fund or an exchange does). They will take 50-75% of these profits to buyback and burn our own tokens daily (per transaction depending).  With Terawatt, all people and businesses can have uninterrupted access to inexpensive/free L.E.D.s which substantially decreases their purchasing costs, electricity bills, increases global lighting efficiency, and in turn reduces global greenhouse emissions.
    The (LED) token will may or may not exponentially increase in value as more power companies (and buyers/energy customers/other companies) realize the advantages of using our tokens and of joining the DAO (Metcalfe’s Law), thereby increasing demand while also decreasing supply.
    Through DAO utilization, key partnerships (They are actively pursuing collaborations and partnerships with utility companies globally), deflationary supply, token incentives, and voracious marketing, Terawatt aims to help put L.E.D.s in all commercial, industrial (street lights), government and residential buildings/facilities worldwide and efficiently increase the changeover from less efficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% L.E.D. lighting (Light Emitting Diode).
    Token holders will also be able to find and utilize applicable instant tax rebates, search for tax credits, and then securely store this purchase data on the network for later use in filing their taxes. Participants can buy, sell, stake with masternodes (when available), vote, donate, or hold (LED) tokens, which will power the Terawatt Ecosystem.
  • Roadmap[edit]

    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[1]

    Team[edit]

    name: title: links: group: photo: iss:
    Evan William CEO https://www.linkedin.com/in/evan-william/ https://t.me/TeraWattICO Evan William photo 4.1
    Morris H. Layton III COO https://www.linkedin.com/in/morris-h-layton-iii-5624229/ https://t.me/TeraWattICO Morris H. Layton III photo 4.1
    Jerome Raymond CTO https://www.linkedin.com/in/jerome-raymond-8b06278 https://t.me/TeraWattICO Jerome Raymond photo 4.1
    Shubham Tatvamasi DAO Architect https://www.linkedin.com/in/shubhamtatvamasi/ https://t.me/TeraWattICO Shubham Tatvamasi photo 4.1
    Hase Takujiro Advisor/Developer https://www.linkedin.com/in/hase-takujiro-251011167/ https://t.me/TeraWattICO Hase Takujiro photo 4.1
    Roy Davey Lead Engineer https://www.linkedin.com/in/roy-davey-204497135/ https://t.me/TeraWattICO Roy Davey photo 4.1
    Jules De Smit Developer https://www.linkedin.com/in/jules-de-smit/ https://t.me/TeraWattICO 4.1
    Jacob Salvador Marketing/Advisor https://www.linkedin.com/in/jacobohansen/ https://t.me/TeraWattICO Jacob Salvador photo 21.9
    David Meszaros Legal https://www.linkedin.com/in/meszaroslaw/ https://t.me/TeraWattICO David Meszaros photo 15.8
    Anudeep Reddy Marketing Advisor https://www.linkedin.com/in/anudeepreddy200/ https://t.me/TeraWattICO Anudeep Reddy photo 4.1

    External links[edit]

    Terawatt on Twitter
    Terawatt on Telegram
    Terawatt on Facebook
    Terawatt on Medium
    Terawatt on Bitcointalk
    Terawatt on Github
    Terawatt on Reddit
    Terawatt on Youtube
    Terawatt Official Website
    Terawatt Bounty
    Terawatt Whitepaper

    Sources[edit]

    1. https://www.terawattled.com

    See Also on BitcoinWiki[edit]