Global warming, greenhouse effect, increasing electricity bills... How to inspire people to use eco-friendly LED-lamps, save on electricity and improve the environmental state? The creators of TerraWatt have a solution.
The TerraWatt ecosystem links owners of power plants, factories, houses and manufacturers of light-bulbs. Owners of tokens invest their money into the development of the "green" technology, receive income from the appreciation of coins, get benefits for implementation of harmless lighting equipment. The LED-lamp ensures a better level of lighting together with the reduced energy consumption. Modules don't contain any toxic substances and stay cool when used.
How does the TerraWatt ecosystem work?
The developers have created a decentralized autonomous organization (DAO) allowing to unite investors and users all over the world. Participants register on the project, purchase tokens, estimate ecological initiatives and take part in voting. Then the best projects receive financing.
The team of TerraWatt notes 4 advantages of the platform.
1. LED Incentives. Each member of TerraWatt gets a reward for the purchase of a LED-lamp of high quality which received a certificate of the developers. The creators of TerraWatt cooperate with major manufacturers of LED light bulbs for home, office and industrial lighting.
2. Data Storage. Data about purchases are stored in the TerraWatt system, that's why users can get tax credits, additional rewards, and discounts. Purchase history is conducted for an additional fee.
3. Community Based Governance. An environmental initiative is put to a vote of the users of TerraWatt. According to assessments, collected donations go to the support of the most popular projects. In the long term, the developers plan to integrate with the creators of "Smart City" to sponsor the creation of "green" cities.
4. Masternodes. The technological basis of TerraWatt is the Ethereum blockchain and the system of smart contracts. Personal and payment data are encrypted on the platform. The project is being improved constantly. The managers cooperate with local authorities. Decentralized technology lets accumulate funds received from local grants and benefits and support ecological initiatives in contaminated areas.
From the investor's point of view, TerraWatt is widespread, has a good business reputation and the possibility of participation with minimum investment. The managers of the ecosystem care about the legal status of the project and actively use government incentives in the area of the environment. In comparison with traditional eco-projects, TerraWatt collects the global investment fund with the decentralized structure allowing each user to influence the decision.
In the long term, the developers of TerraWatt plan to implement the program to cease production of incandescent light bulbs and also to bring down the harm from mercury-containing lamps.
Crowdsale and further plans of TerraWatt
The development team has issued 100 million LED tokens which are ERC-20 compliant. The ICO has been going from July to December 2018. the team is planning to collect up to 11,46 million dollars (Hard Cap). By today, 10,37 million dollars have already been collected.
The team's going to sell 65% of all the issued LED coins in the ICO. 20% goes to the team and the advisers. The rest 15% goes to the participants and Bounty campaigns. The collected funds will be spent on marketing (40%), development of the platform(30%), operational expenses (20%), and legal support (10%)
In the future, the developers plan to implement a similar scheme of raising and distribution of funds to support "green" energy and reduce the usage of natural gas and electricity. The team stresses that simple interface and laconic functionality of TerraWatt will allow trying an open model of DAO in the global market. The technical advantage of the project is the Ethereum blockchain ensuring transparency, anonymity, and safety of the user's funds.
Website: https://terawattled.com/
TG: https://t.me/TeraWattICO
ANN BCT: https://bitcointalk.org/index.php?topic=4180151.0
Author on BCT: Dimm_bounty13 https://bitcointalk.org/index.php?action=profile;u=1583085