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Tuesday, 20 November 2018

TeraWatt Project Review - A Driving Global LED Adoption Platform


TeraWatt Project Review, Blockchain, Cryptocurrency

Introduction:



TeraWatt is an energy project based on Blockchain technology that aims to monetize and drive LED adoption globally. The project would provide a platform for businesses, utility companies, LED sellers and energy customers to switch from traditional lighting sources to LED lighting and allow them to get a reduction in their electricity bills, maintenance costs and also keep the environment safe by reducing greenhouse energy that is increased by the production of electrical energy by the use of traditional methods of producing light.

The platform would create a DAO (Decentralized Autonomous Organization) that would be funded by utility companies, LED sellers, businesses or even individuals. This funding would be done by the TeraWatt token named LED. The funding would cost the entity a small fee and in return would give them the ability to vote on proposals and be a part of the force that would force the DAO to work according to it.

Every entity funding the DAO would have the ability to create proposals or vote for proposals. A proposal would require the verification of the community in order to get approved, and once it gets enough votes and is approved, the DAO would allocate funds to that proposal. It would simply work like a decentralized insurance fund that would help a business to fulfill its needs when they are not being able to afford them themselves.

The LED token can also be used as for payments if a company accepts it and let their customers buy their products using the LED tokens/coins.



Vision:



The global lighting electricity consumption is reaching heights with the increasing population and the increasing industrial or residential usage of traditional lighting systems. Utility and energy providing companies worldwide are in trouble because of this increment. They usually encourage their consumers to switch to less power-consuming lighting sources to help them solve the problem. Some of them even provide their customers with free LED light bulbs to help with it, but they cannot always afford to do that.

TeraWatt aims to solve these problems by driving global LED adoption that would reduce about 50% lighting electricity consumption. It would also help the companies to get the funding they require to encourage or provide their consumers with less power-consuming lighting sources to reduce their own burden.

TeraWatt Project Review, Blockchain, Cryptocurrency


Funding Problem for Power/Utility Companies:



The costs of upgrading from traditional lights to LED light bulbs for businesses or consumers are too much. Also, the increasing population along with the increment in our needs of electricity with the new technologies coming up one after the other compel the power/utility companies to build additional expensive power plants to come up with the demand. To deal with the problem, some companies encourage their consumers to consider using solar panels or to switch to LED lights since they help reduce electricity consumption by about 50% or so. Some of them even give out free LED light bulbs to their consumers every 3 to 4 months a year to help them start switching, but they would probably not be able to afford to provide them with all they need.


Solution by TeraWatt LED:



TeraWatt's DAO (Decentralized Autonomous Organization) would help power/utility companies, by allocating funds to them from the pool of funds they have accumulated, to provide their customers with the LED discounts for the entire year instead of a few months, and let their consumers switch to LED light bulbs and reduce electricity consumption and reduce greenhouse energy as well and make the environment safer for all of us.

The DAO would also help businesses and consumers by providing them the funds to upgrade their existing lights to LED.





Token Information:

Details:

Symbol: LED
Price: 0.002 ETH
Soft Cap: $2,000,000
Hard Cap: $11,500,000

Distribution:

Total Supply: 100,000,000 LED


Participant Sales: 65% (65,000,000 LED)

Team and Advisers: 20% (20,000,000 LED)

Growth and Incentives: 15% (15,000,000 LED)




Project Links:





Author's Details:


Bitcointalk Username: 
Raihan Shakeel

Profile Link: 

Eth Address: 
0x3c811A667C9A129911c7dad7238194C5F49b5cB5
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Item Reviewed: TeraWatt Project Review - A Driving Global LED Adoption Platform Description: A review about TeraWatt ICO Project, an energy project based on Blockchain technology that aims to monetize and drive LED adoption globally. Rating: 5 Reviewed By: Faheem Ahmed
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