Terawatt will help aggressively drive L.E.D. lighting adoption by creating a Decentralized Autonomous Organization (DAO) that will be funded and utilized by major utility companies and energy customers worldwide. The DAO will ensure these entities always have access to funding (which always runs out) for subsidizing L.E.D. sales to their customers. The DAO will utilize smart contracts to execute, manage, and document these processes in a precise, efficient, manner, and will have smooth fluid-like payment gateways for all parties. The Terawatt token (LED ticker symbol) will power this ecosystem. Utility providers will be incentivized to direct their customers to purchase lights with (LED) tokens because they appreciate in value, and the customer will be incentivized to use (LED) tokens to get great deals on bulbs. The (LED) token will greatly increase in value as more power companies (and buyers) realize the advantages of using these tokens and of joining the DAO. As a result, more customers will purchase the appreciating (LED) token as it will be used as payment for their discounted bulb purchases through their utility providers portal.
The power companies will also be paid in (LED) tokens by the DAO for using the service, on top of what the customers pay them, making them more money on sales, and they are being paid in an asset that appreciates substantially faster than FIAT currencies. This is a model that benefits all parties. Furthermore, the customer will save substantially when buying with (LED) tokens and gaining access to instant tax rebates offered by their, or another, provider, which often times are 80-100 percent less than normal retail price. Terawatt aims to help put LEDs in all commercial, industrial (street lights), government and residential buildings/facilities worldwide. Users will also be able to find and utilize applicable instant tax rebates, search for tax credits, and then securely store this purchase data on the network for later use in filing their taxes. Participants can buy, sell, stake, donate, or hold (LED) tokens, which will power the Terawatt Ecosystem.
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
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.
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.