Terawatt: Global LED adaptation through blockchain technology

About terawatts

Take advantage of Blockchain technology to reduce power consumption for global lighting by 50 percent (approximately 2000 terawatts) by 2035 while increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives such as Bitcoin. Terawatt aims to tackle other renewable sectors, such as solar, wind and electric vehicles, once the concept has been proven with LEDs

Method:

Terawatt will create a decentralized autonomous organization (DAO) and also create a heavily deflationary Ethereum-based currency for global payments. The DAO is funded and used by energy providers, LED sellers, businesses, token holders and energy customers worldwide. The DAO will act as a decentralized global mutual / insurance fund to ensure that utilities (and companies) always have access to finance that subsidizes LED sales to their energy customers (or to companies that upgrade to LEDs).

This is a major benefit for utilities as 100 percent of their customers are expected to be equipped with energy-efficient lights due to continued grid congestion. This forces energy companies to build expensive (hundreds of millions of dollars) power plants to meet demand. They are also mandated by government agencies (such as the US Department of Energy and the US Environmental Protection Agency) to increase LED adoption in their respective markets. Companies want LEDs because they reduce the electricity bill, increase light output, lower maintenance costs and qualify them for tax incentives. The initial cost was the problem, but Terawatt will help overcome that.

The terawatt token is also used as a currency similar to the ETH at all companies or utilities that accept it as a means of payment. DAO members with corporations will want to accept terawatt tokens as a means of payment because they have increased voting / staking power in the DAO and because they are more deflationary than FIAT or other crypto currencies due to continuous coin-burning structures, which is potentially more profitable ,

The electricity companies and other token owners will buy into the DAO with our tokens, we will charge a fee for entry and exit, and when they sell their position we take a percentage of their profits (like a mutual fund or an exchange does). We will use 50-75% of these gains to repurchase and burn our own chips daily (depending on transaction). With Terawatt, all people and businesses can have uninterrupted access to low-cost / free LEDs, which significantly lowers their purchasing costs, electricity bills, global lighting efficiency, and thus global greenhouse gas emissions.

The (LED) token may or may not gain in value as more energy companies (and buyers / energy customers / other companies) recognize the benefits of using our tokens and joining the DAO (Metcalfe's Law) and thereby increasing demand ,

Through the use of DAO, key partnerships (we actively pursue collaborations and partnerships with utility companies around the world), deflationary care, symbolic incentives and insatiable marketing, Terawatt aims to deploy LEDs in all commercial, industrial (street lighting), government and residential buildings / Plants worldwide and efficiently increase the conversion of less efficient incandescent lamps, metal halide (MH), high pressure sodium (HPS) and compact fluorescent lamps (CFL) to 100% LED lighting (Light Emitting Diode).

Token owners will also be able to find and use applicable immediate tax rebates, look for tax credits, and then securely store that shopping data on the network for use later in submitting their taxes. Participants can buy, sell, play with Masternodes (if available), choose, donate or hold (LED) tokens that power the Terawatt Ecosystem.

Our task

This is due to our continuous coin burning algorithm. Terawatt will automatically leverage 50-75% of corporate profits resulting from DAO entry / exit fees, profit-taking (such as a stock exchange), time-lapse fees, carbon tax data storage fees, carbon credits, and even LED sales commissions from affiliates for repurchase and burning (LED) tokens. This is similar to the BNB token, but they burn only quarterly, we will burn around the clock.

Utilities and other companies will want to accept our payment tokens as our deflation rate is much higher than all FIAT currencies and most if not all crypto-currencies / tokens, while zk-SNARKS and Masternodes are also more private and secure. The more tokens they bring to DAO funds, the more votes, winnings and stake rewards they can get. This will further increase the token value due to the network effect. (Metcalfe's Law)

The lighting problem / solution

Inefficient light bulbs cause both unnecessary greenhouse gas emissions, which contribute to climate change, and unnecessary exorbitant electricity bills for nations and governments. Terawatt will help fix this problem

LED adoption

LED lighting solutions have never been as accessible or affordable as they are now. With multiple discount programs and incentives, more and more cities are putting on LED street lighting. And why should not they? As we all know, LEDs are energy efficient and durable, which means huge savings in electricity bills and lower maintenance costs. But what about the other benefits? How a lower crime rate, safer neighborhoods and overall perceived improvements? These are all the benefits that LED street lighting can offer compared to the orange glow of high pressure sodium (HPS) street lighting that still illuminates most of our streets and neighborhoods.

Why do we need Blockchain?

• Creation of a stable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions
• We need complex intelligent contracts to serve the DAO
• We need transparency, immutability, decentralization and review of all transactions made on the platform
• Extremely precise process automation
• It becomes practical to work with other cryptocurrencies in an increasingly digital world. Integration with other blockchain projects (product tracking, verification, ecosystem enhancements, etc.)
• Reliability and fault tolerance

CASE STUDY: LOS ANGELES INCREASES ANNUAL SAVINGS OF US $ 8.7 MILLION

Why LED?

The advantages

• Instantly light up, like a light bulb
• They stay cool even after use
• Up to five times longer than CFLs
• No sensitivity to cold temperatures
• Contains no mercury
• Some models can be used with a dimmer switch
• Available in soft, warm and bright white shades

"Energy Saving Lamps consume less than 20% of the energy of a traditional bulb and can last up to 15 times longer." Carbon Footprint.com

Token description

Our project will use Ethereum to issue and create tokens, mainly because it has the foundation that our technology will implement. Terawatt will manipulate the Blockchain Smart Contracts. Our token will be a standard ERC20 token with some specific modifications. Our algorithms will confirm that the consumer has actually purchased the bulbs from a suitable seller and added the transaction to the blockchain. Smart contracts execute and manage the entire process.

The functions

Token Info

Token  LED 
platform  Ethereum 
type  ERC20

PreICO Price ** 1 LED = 0.30 USD **  
Price in ICO  1 LED = 0.40 USD

investment Info

Minimum. Investment  0.2 ETH 
Acceptance  ETH 
Distributed in ICO  65%

Soft Cap  500,000 USD 
Hard Cap  13,500,000 USD

timetable

2017 
project conception, white paper designed, patent filed

December 2017 
Team Building - Acquired CTO, COO and Consultant

January 2018 
Whitepaper / Website, brand granted, listed on KICKICO

February 2018 
Building Presence, Token Presale website under development

June 2018 
private sale, more development and marketing

July 2018 
PreICO, DAO construction

August 2018 
ICO, token launch, wallet release, apply for replacement

October 2018 
DAO Testnet, mobile wallets, looking for partnerships

December 2018 
DAO Mainnet online, Masternode announcement

February 2019 
Fully functional user interface released, Mainnet improvements

April 2019 
Devcon acquires further partnerships

May 2019 
Document verification / tax incentive utility / LED token development

July 2019 
Expansion of the Terawatt LED ecosystem

team

For more informations

Website:  https://terawattled.com/
Whitepaper:  https://terawattled.com/assets/Terawatt.pdf
Ann Topic:  https://bitcointalk.org/index.php?topic=4180151.0
Telegram:  https: // t .me / TeraWATTICO

Authors: Loksyun

My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1886140;sa=summary

My ETH: 0xd0d8c8e966efC43d681a33f2536fD44AfDf8c827