What is TeraWATT? Terawatt is a blockchain-based startup with a focus on the renewable energy industry. The company has a main focus on LED monetization and adoption globally. The project developer will create the DAO and the deflation-based Ethereum private currency, which will be used for global payments.
This DAO will be funded and utilized by LED sellers, utility companies, token holders, businesses and energy customers globally. The DAO will become a decentralized global insurance fund that ensures utilities and businesses can always access funding, which is often depleted, to subsidize the sale of LEDs to energy consumers.
TeraWATT Decentralized DAO LED Lighting Adoption Project
DAO is the next generation organization, which will change the way products are made and profit sharing. DAO is the biggest crowdfunded project of all time. In essence, DAO is a company that runs alone. There are no directors, managers and employees in the conventional sense of the word. Crypto called Ethereum empowers it.
Money is the most important thing that humans have ever found after language. This is more than just how to buy goods; it is a symbol of trust. Before blockchain, trust relied on central authority.
However, Ethereum was more than just a crypto coin because of a smart contract. This smart contract allows anyone to make a trust agreement without requiring an intermediary. Bitcoin is designed to be an asset and a currency.
DAO uses Ethere's intelligent contract to fund resources to how he pays people for the work they do. Just like traditional companies, DAO is created for profit. DAO was distributed through the sale of DAO tokens, crowdfunding for DAO ended on May 28, 2016. Whoever holds the DAO token has the power to choose what the DAO will do.
One of the main reasons for investing in this DAO is that there is a high chance of making a profit. You will also be able to direct funds through voting on community proposals and helping drive the adoption of LEDs globally. The Terawatt token supply will quickly decrease through a coin burning algorithm. In addition, Terawatt plans to use 50-75% of the profits to buy back and burn ICO LED tokens.
TeraWATT LED Token ICO Details
Parameter of the ICO
Ticker Token: LED
Total Tokens: 100,000,000 LEDs
Personal sale date: June 2018
Pre-ICO Date: July 2018
ICO Date: September 2018
Close: $ 11,460,000
Every business and interested consumers can buy LED tokens; they are not limited to utility providers. This will help grow network effects. At present, the founders have a decentralized fund that is growing because more and more token holders are joining. They also aim to do this for SOLAR, WIND, GAS, Electric Vehicles, and other green technologies.
LEDs are only the beginning of the giant who will become Terawatt. LEDs will be proof of concept and will become snowballs to other sectors. Once utility companies experience countless benefits from being part of DAO, they will be more than happy to join.
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Author : Fantazy999
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2362723
ETH : 0x740507eb37167b2615E4206116eFaF03bcD529A2