TERAWATT: Global LED Adoption by Creating a Decentralized Autonomous Organization (DAO)

In recent years energy use for household lighting has rapidly increased. This is due to the construction of larger homes and the installation of more light fittings per home. Lighting now consumes between 8 and 15% of the average household electricity budget. Inefficient light bulbs are creating both unnecessary greenhouse gas emissions, which contribute to climate change, and unnecessarily exorbitant electricity bills.

Most homes could reduce the amount of energy they use for lighting by 50% or more by making smarter lighting choices and moving to more efficient technologies. Terawatt will help to fix this problem by driving LED adoption. What is Terawatt? and how it works? Here is a brief review about it.

TERAWATT, found online at https://terawattled.com/, is a blockchain based renewable energy startup that focus on the monetization and driving global L.E.D. adoption. In order to do that, Terawatt will create a Decentralized Autonomous Group (DAO), and a deflationary-based Ethereum-powered private currency, which will be used for global payments.

For those who still not familiar with Decentralized Autonomous Group (DAO), DAO is an organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. In order to be fully decentralized, the DAO was unaffiliated with any particular nation state, although it made use of the ethereum network.

The idea of such management model has been circulating in the cryptocurrency community ever since Bitcoin managed to get rid of middlemen in financial transactions. Similarly, the main idea behind DAO is establishing a company or an organization that can fully function without hierarchical management.

The DAO utilizes the Ethereum smart contract to power funding to how it pays people for the work they do. Just like a traditional company, the DAO was created for profit.

In Terawatt, the DAO will act as a decentralized world insurance coverage fund to ensure Utilities at all times have entry to funding for subsidizing L.E.D. gross sales to their power prospects. This DAO is going to be funded and utilized by LED Sellers, Utility Companies, token holders, businesses, and energy customers globally.

Terawatt project will be implemented on Ethereum-based technology. Terawatt will manipulate the blockchain smart contracts. Terawatt algorithms will verify that the consumer has actually purchased the bulbs from a suitable seller and add the transaction to the blockchain. Smart contracts will execute and manage the entire process.

The main reasons to invest in this DAO is high probability of making profits, to direct the funds via voting on community proposals, and help drive the L.E.D. adoption globally. 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. All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO.

Additionally, In the future, Terawatt also aim to do this for GAS, and SOLAR, and WIND, Electric Vehicles, etc. LED is just the beginning of the titan Terawatt will become. LED will be proof of concept and then it will snowball from there into these other sectors.

The Terawatt token (LED) is built on the Ethereum blockchain and conforms to the ERC-20 standard. With the total token supply is - 100,000,000 LED. The supply of the LED will rapidly decrease via a coin-burning algorithm. Terawatt will use 50-75% of company profits earned to buyback and burn (LED) ICO Tokens.

According to the Whitepaper, https://terawattled.com/assets/Terawatt.pdf, Terawatt's LED ICO is conducted on the following schedule:

• Private sale:​ June 2018
• PreICO:​ July 2018
• ICO:​ September 2018

While, the token distribution will be made in the following manners: Participant sales - 65%, Team and Advisers - 20%, Growth and Incentives - 15%.

For more information about Terawatt and its LED token, you can visit online at https://terawattled.com/ or visit the Bitcointalk forum thread at https://bitcointalk.org/index.php?topic=4180151.0. You can also updates the information about Terawatt on their official telegram channel, https://t.me/TeraWattICO.

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