A recent study carried out in October 2018 by WHO, says 90% of world's children are breathing toxic air. The grim findings paints a bleak future for these young generations who are forced to live in an environment subjected to harmful element triggered by circumstances beyond their control.
Earth toxicity level has been a point of concerns and fear due to the dangers it poses. Several people are beginning to think green, talk green and work towards a green earth. These green attitudes adopted by groups, organizations and people from different cultures across the globe is the beginning of a reformation focused on making positive impacts in the environment.
Terawatt platform is built scratch up by a team of technical professionals who wants to contribute towards reducing greenhouse emissions and combat global warming. The forward-thinking individuals aim to achieve their goals by integrating blockchain technology into a sustainable solution for energy efficient lighting measures. The project’s target is to replace every private or government owned building/structure with L.E.D all over the world. This eco-friendly solution is set to be fueled by a decentralized network of people who are interested in keeping their living space clean.
Terawatt as a blockchain platform will focus on global adoption of L.E.D (Light-Emitting Diode) bulbs. Significantly, LED bulbs are known for longer lifespan than incandescent lamps and most fluorescent lamps. LED efficiency and low energy consumption makes it ideal for green earth. By using cutting-edge technology such as blockchain, Terawatt aim at downsizing global electricity consumption, while enabling increase in light output by 50 percent. The innovative platform will also integrate other renewable sectors into its services including Solar, Wind, Electric Vehicles. These services will be backed by a proof of concept consensus based on Terawatt native token.
In addition, Terawatt will run its DAO ( decentralized autonomous organization) to fuel transparency within Terawatt ecosystem. DAO will be like an overlying protocol on Ethereum blockchain which also is the backdrop for Terawatt framework. The vibrant community contributing towards the project will help create a pooled fund for Terawatt DAO which can be harness by businesses who wants to upgrade to L.E. D or have limited/ exhausted funds.
Those leveraging DAO will include Token holders, L.E.D Sellers, Utility Companies and others interested in ensuring that businesses always gain access to funding. About 50-75% of profits generated from Terawatt and DAO entry/exit fees will be utilise in the buying back of token for burning, this will ensure a steady value of the token which is likely to decrease to 1 million tokens over time due to continuous coin burning algorithm.
In the heart of Terawatt platform is its private (zk-SNARKS) utility token LED, the cryptocurrency fueling the ecosystem. Each LED token is pegged at $0.04 in Terawatt ongoing ICO which is offering sales bonuses, while aiming for a Soft cap of $2000000 or an Hard cap of $11460000. For eligibility, participant will be verified for KYC/AML before contributing. There will be a total of 100 Million LED Tokens, however only 65 million will be in circulation to be used as reward and payment tools for each L.E.D. process.
The startup has already garnered attention and interest from reputable firm including IBM. Not stopping there, Terawatt is looking into other strategic partnership to position itself as superior services provider grounded by the immutability, and novelty of blockchain. Terawatt is reinventing the future to be safe and toxic free.
Website : https://terawattled.com/
Whitepaper : https://terawattled.com/assets/Terawatt.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4180151.0
Facebook : https://m.facebook.com/Terawatt/about
Twitter : https://mobile.twitter.com/terawatt_led
Telegram : https://t.me/TeraWattICO
Written by: https://bitcointalk.org/index.php?action=profile;u=1795385