Project TeraWATT – introduction LED through Blockchain technology.

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Terawatt is a startup company, blockchain renewable energy pending patents, a strong focus on earning money and promoting the application of LED global. Terawatt will create a KNIFE, and is also a type own currency, based on Ethereum (zk-SNARKS) to global payments. KNIFE will be funded and used by the utility companies, sellers of LED Business, the owner token and energy customers around the world.

KNIFE will act as an insurance fund / mutual global decentralized to ensure utility (and business) always has access to funding (constant off) to subsidize the sale LED to the customer of their energy (or for businesses that upgrade to LED lights). Total supply: 100 million Tokens.

Provides circulation: 65 million (the supply will decrease exponentially according to the curve s at the lowest level is 1 million code notified from time to time). This is due to the algorithm burning coins our constant. Terawatt will automatically use 50% to 75% of company profits earned from free in / out of the KNIFE and the other account to buy back and burn token daily.

About Terawatt

Leveraging blockchain technology to help reduce electricity consumption for lighting, global 50% (about 2000 Terms) in 2035, at the same time increase light output 50% more. Terawatt will also create a currency deflation in order to compete with FIAT and the alternatives digital as Bitcoin. Terawatt aims to solve the field of other renewable such as Solar, Wind, electric Car, after achieving proof of concept with LED

Our mission

This is due to the algorithm burning coins our constant. Terawatt will automatically use 50% to 75% of company profits earned from free in / out of PUSSY, free grab interest (such as exchange), free decay time, free data storage, carbon tax, carbon credits, and even from the sales commission LED link and attribution (LED) Token. This is the same as token BNB, but they only burn every quarter, we will burn 24/7.

The utilities and other businesses will want to accept the token to our payment because the rate of deflation of the us greater than all the FIAT currencies and most, if not all, electronic money / token, while also private and more secure with zk-SNARKS and master code when available. Moreover, as many token they have to participate in the fund UP as many voting rights, profit and reward they can get. This will add value token due to network effects. (The law of Metcalfe)

Problem / Solution lighting

Inefficient light bulbs are created all greenhouse gas emissions are not needed, contributing to climate change and electricity bills no need for the people and the government. Terawatt will help to overcome this problem by using LEDS

LED lighting solutions have never more accessible or affordable than it is now. With many discount schemes and deals, many cities are switching to use LED street lights. And why would not they? As we all know, LED energy-saving and long-term use, that means huge savings for energy bills as well as reduce maintenance costs. But the other benefits? Such as reducing the crime rate, the neighborhood safer, and improve overall cognitive? Here are all the benefits that LED street lights can bring compared to the light orange of the street lamps high pressure sodium (HPS) still lighting most of the street and our neighborhood.

Why do we need the blockchain?

To create a currency deflation invariant, decentralized, secure, private (zk-SNARKS) with the utility function

We need the smart contract complex to provide energy for KNIFE

We need transparency, don't change, decentralization and verify all the transactions are done on the platform

The automation process extremely accurate

It becomes convenient to work with the type of electronic money to another in a world that is increasingly digital. Integration with other projects on the blockchain (product tracking, verification, expand the ecosystem, etc.)

Reliability and fault tolerance

CASE STUDY: LOS ANGELES APPROACH ANNUAL SAVINGS OF $ 8,7 MILLION

Why LED lights?

Benefits

Light up instantly, like an incandescent bulb

Lasts up to five times compared with CFL

Not sensitive to cold temperatures

Does not contain mercury

Some models can be used with a switch, brightness adjustment

Available in soft colors, warm and bright white

Low-energy bulb uses less than 20% energy of conventional bulbs, and can survive longer, up to 15 times.

Description token

Our project will use Ethereum to release and create token mainly because it is the basic foundation that our technology will be deployed. Terawatt will manipulate the smart contract blockchain. Token of them, I'll be the token ERC20 standard with a particular revision number. The algorithm we will verify that consumers have actually bought the bulbs from a seller matching and adding transactions to the blockchain. Smart contracts will implement and manage the entire process.

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