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Tuesday, July 17, 2018

TERAWATT - Creating Decentralized Autonomous Organization (DAO)

Hello everyone in this article I will present an interesting ICO analysis, called Terawatt, based on some of the following criteria:

About Terawatt

Terawatt is a patented renewable energy blockchain startup patent, with a strong focus on monetization and encouraging global LED adoption. Terawatt will create Decentralized Autonomous Organization (DAO), and also create a highly deflation-based Ethereum-based currency for global payments. DAO will be funded and used by Utility Companies, LED Sellers, Businesses, Token Holders, and Energy Customers worldwide. DAO will act as a decentralized global mutual fund / insurance to ensure Utilities (and businesses) always have access to (continuing-out) funding to subsidize LED sales to their energy customers (or to buy LEDs).

Our Mission

This is due to our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7.

Utilities and other businesses will want to accept our tokens for payments because our rate of deflation is much greater than all FIAT currencies and most, if not all, cryptocurrencies/tokens while also being more private and secure with zk-SNARKS and masternodes when available. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This will further increase token value due to the network effect. (Metcalfe's Law).

The Features

LED Token Utility

LED Incentives
Terawatt Token will act as a rewards system for each L.E.D. bulb purchase that's verified by our patent-pending process. This serves as an incentive for users to purchase LEDs for home, businesses, or government use and verify them through our interface

Data Storage
LED purchase records may be securely stored in the Terawatt ecosystem. This allows the purchasing entity to return at tax time and have all of their LED and other Energy Star Rated Purchase records readily available. The user pays a small token fee to access the records again.

Community Based Governance
Donated funds may be locked into a pool, and the global Terawatt community will vote/decide on what projects get funded and how much funding will be provided or set on the side for these projects.

We aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.

Decentralized Autonomous Organization Funding

Why L.E.D.?

The Benefits

  • Light up immediately, like an incandescent bulb
  • They stay cool to the touch even after use
  • Last up to five times longer than CFLs
  • No sensitivity to cold temperatures
  • Do not contain mercury
  • Some models can be used with a dimmer switch
  • Available in soft, warm, and bright white hues

Token Contribution Charts
Token Utilization 

Details of ICO

Private sale: June 2018 
PreICO: July 2018 
ICO: September 2018 
Cap: $11,460,000 
Competitors: None
Total Supply: 100 Million Tokens
Circulating Supply: 65 million
(supply will decrease exponentially in an s-curve fashion to as low as 1 million tokens over time).

  • 2017 : Project Conception, Whitepaper drafted, Patent Filed
  • Dec 2017 : Team Building- Acquired CTO, COO, and Advisor
  • Jan 2018 : Whitepaper/Website, Trademark Granted, Listed on KICKICO
  • Feb 2018 : Building Presence, Token Presale site under development
  • June 2018 : Private Sale Launch, Development
  • July 2018 : PreICO
  • Sep 2018 : ICO
  • Oct 2018 : DAO construction begins, Exchange Listing(s), Hire more Devs
  • Nov 2018 : Acquire key partnerships and meet with more Utility companies
  • Jan 2019 : Mobile Wallet release, continue development
  • Feb 2019 : Masternode and DAO testnet
  • Mar 2019 : Fully Functional User Interface Released, DAO Mainnet Online
  • Apr 2019 : Devcon and Acquire More Partnerships
  • May 2019 : Receipt Verification/Tax Incentive Utility/LED Token Development
  • Jan 2020 : Expansion of Terawatt’s LED Ecosystem into related sectors

Meet the Team

To contribute and Know the progress of this offer, you may visit some of the following Links:

BitCointalk username: Aray80

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