Terawatt Blockchain That Enables Mass LED Lighting Adoption

Actually if considering the LED life time and quality (it does not waste many energy to become heat as in case of incandescent lamp), the LED will be the king. Sometime people overlook the long run advantage of operating LED vs operating CFL or incandescent.Here is the major comparison of such lamps technology that gives the same "lighting level":Incandescent lamp: lower product price, around 1,200 hours lifespan, 60 watt used, Number of bulbs needed for 25,000 hours use (around 3 year used every day) is 21 units, contain no dangerous material but emit a large heat wave (not efficient as more power become heat then become light)CFL lamp: almost 1,5–2 times higher product price compare to incandescent, around 8,000 hours lifespan, 14 watt used, Number of bulbs needed for 25,000 hours use (around 3 year used every day) is 3 units, might contain some dangerous material (contain small amount of mercury as a toxic heavy metalat about 4 milligrams per bulb on average)LED lamp: almost 5–6 times higher product price compare to incandescent, around 25,000 hours lifespan, 10 watt used, Number of bulbs needed for 25,000 hours use (around 3 year used every day) is 1 unit only, contain no dangerous material at all and small heat wave only (only presence on the body of the LED lamp)All the data above should already give the clear picture about LED lamp advantages.

Is no doubt that LED lamp mass adoption in offices or homes or as street lamps will present a more energy efficiency use and lower operating costs. Terawatt is a platform created to even help reduce investment cost of implementing LED lighting to the mass market. With the existence of Terawatt, it is expected the more and more peoples will adopt LED lighting and leaving the old technology behind for the greater good of the environment, energy savings and go green concept as the energy that we use these days is not unlimited at the end.

Terawatt that is based in the Netherlands leveraging blockchain technology to help reduce global lighting electricity consumption 50 percent (roughly 2000 Terawatts) by 2035, while also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin. Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with LED's.

Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global LED adoption. Terawatt will create a Decentralized Autonomous Organization (DAO), and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, LED.

Sellers, Businesses, token holders, and energy customers worldwide. The DAO will act as a decentralized global mutual/insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing LED. sales to their energy customers (or for businesses upgrading to LED's).

This is a major benefit to utility companies as they want 100 percent of their customers to have energy efficient lights due to progressive grid overload, which forces power companies to build (and maintain) expensive (Hundreds of millions of dollars) power plants to meet demand. They are also mandated by government agencies (i.e. US Department of Energy and US Environmental Protection Agency) to increase LED adoption in their respective markets.

Businesses want LED'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.The Terawatt Token will also be used as a currency similar to ETH at any business or utility company that will accept it as method of payment.

DAO members with businesses will want to accept Terawatt tokens as payment because they will gain increased voting/staking power in the DAO, and because it's much more deflationary than FIAT or other cryptocurrencies due to continual coin burning structure, which equals potentially increased profitability.The DAO is a next-generation organisation that will change the way we create products and share profit. "The DAO is now the biggest crowdfunded project of all time.

In less than a month the organisation has a market cap of $140 million. So what is the DAO really? And why should you care? Simply put, the DAO is a self-running company. It has no directors, no managers and no employees — at least not in the conventional sense of the words.

DAO stands for 'Decentralised Autonomous Organisation' and it's powered by a cryptocurrency called Ethereum. To better understand how the DAO works requires a quick explanation of Ethereum. This is the future of trust.Money is the second most important thing human beings have invented, after language.

More than just a way of buying things, currency is a symbol of trust. Until now, that trust has relied on central authorities, like banks, for verification. We no longer need those monolithic entities thanks to cryptocurrencies like Bitcoin.

Ethereum, like Bitcoin, is a cryptocurrency and, like other cryptocurrencies, Ethereum is built on a blockchain.With Ethereum gaining traction, the scene was set for a new kind of organisation. The DAO uses Ethereum smart contracts to power everything from its funding to how it pays people for the work they do.

Like a traditional company, the DAO is built for profit. It is seeded via the sale of 'DAO tokens' during the crowdfunding period ending 28 May 2016.All interested businesses and consumers, not just utility providers, can buy LED tokens and participate in the DAO.

This will help increase the network effect (Metcalfe's Law) Now we have a growing decentralized fund as more and more token holders join. Terawatt also aim to do this for GAS, and SOLAR, and WIND, Electric Vehicles, Etcetera. LEDs are just the beginning of the titan Terawatt will become.

LEDs will be proof of concept and then it will snowball from there into these other sectors. Once utility companies experience the innumerable benefits of joining the DAO, they will happily pay to join, and other companies that don't do this will experience FOMO (Fear Of Missing Out).Terawatt first implementation will be on the Ethereum Casper Network using Proof of Stake.

Terawatt CBC Casper is a method for "deriving" consensus protocols. Using this method, a family of protocols have been created that enjoy a variety of benefits over traditional consensus protocols. These benefits include:No "in-protocol" finality threshold.

The ability to trade off latency to finality with number of validators, rather than just network overhead.Theoretically optimal network overhead in the certain cases.Terawatt use Ethereum based ERC20 token to issue and create tokens mainly because it has the base foundation for the technology that will be implemented.

Terawatt will manipulate the blockchain smart contracts. LED token will be a standard ERC20 token with some specific modifications. 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.Terawatt enforce the Whitelist and Know Your Customer (KYC) protocol. 1 LED token priced at USD 0.4. Total raised is at USD 400,000. The soft cap is at USD 500,000 while the hard cap is at USD 500,000.

Terawatt accepts ETH and BTS as the cryptocurrency for transactions. Restricted country is at Belize, Canada, China, Iran, Iraq, North Korea, Syria, United States of America. The bonus structure offered are: at Private sale: 0–100%, at Pre ICO: 0–65%, at ICO: 0–35%.

Pre sale date will be from 21 June 2018 noon time until 14 September 2018 noon time. The Token sale date will be froim 15 Sept 2018 noon time until 28 October 2018 noon time.Terawatt ICO is gaining its popularity in the internet statistics that shown Alexa rank of 377,318th, telegram participant at 52,005, twitter followers of 2,161 and 551 available promotional video views.

Terawatt has been rated 9.

6 at ICOMarks.

That is based on 9.

6 for ICO profile (weight 35%), 10 for social activity (weight 30%), 10 for team proof (weight 20%) and 8 for domain score (weight 15%). On ICOBench, Terawatt is rated at 3.9 based on 3 expert ratings. The point derived from 4.6 ICO profile, 4.1 for team, 3.0 for vision and 2.7 for product. Terawatt is a cofounder of the CEOKLUB venture fund (a strategic crypto fund expected to grow to over a billion dollars), which has raised 50 million dollars worth of tokens from 25 ICOs in two months.Terawatt had another partnership formed with AlphaBet! Reviewed, Listed and Ranked as one of the Top 20 ICO Marketing Agencies by GoodFirms.

1 LED Token Represents 10,000 Watts (10 KW) of potential L.E.D. Electricity Usage. Overall Supply is 100,000,000 LED Tokens. As a verified LED bulb purchaser, you may get LED Coins for free!15% of LED Tokens will be given to LED bulb purchasers over the next 20 years.

The remaining LED Tokens will be used for building out the platform, developing strong partnerships with government agencies and initiatives like the Department of Energy, Global Lighting development, LED retailers like Amazon, Philips, and General Electric, heavy marketing, network growth, token sales, overhead, and to possibly expand into other rapidly growing renewable sectors like Solar, Wind, Electric Vehicles, Etcetera.Terawatt will seriously disrupt the lighting industry by aggressively supporting LED implementation using its blockchain technology under its DAO concept. Let's work together with Terawatt to substantially reduce greenhouse gases in the future.

Hurry up join and be part of the LED revolution and gain profit while keeping the world a better place for you and for me as part of the Terawatt community.Twitter: Thread: name at bitcointalk.

org: jonsen48User Profile link at bitcointalk.org: ·RELATED QUESTION

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