Global LED Adoption Through Blockchain Technology

We want to help aggressively drive LED (Light Emitting Diode) lighting adoption by creating a Decentralized Autonomous Organization (DAO) that will be funded and utilized by major utility companies and energy customers worldwide.
"In 2015, the electricity sector was the largest source of U.S. greenhouse gas emissions, accounting for about 29 percent of the U.S. total. Greenhouse gas emissions from electricity have increased by about 4 percent since 1990 as electricity demand has grown and fossil fuels have remained the dominant source for generation.”- EPA
Private sale: June 2018
PreICO: October 2018
ICO: September 2018
Soft Cap: $2,000,000
Competitors: None

Our Mission

Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, L.E.D. 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 L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s).


Total Supply: 100 Million Tokens

Circulating Supply: 65 million

(supply will decrease exponentially in an s-curve fashion to as low as 1 million tokens over time).

This is due to our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7.

Utilities and other businesses will want to accept our tokens for payments because our rate of deflation is much greater than all FIAT currencies and most, if not all, cryptocurrencies/tokens while also being more private and secure with zk-SNARKS and masternodes when available. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This will further increase token value due to the network effect. (Metcalfe's Law)

The Features

LED Token Utility

LED Incentives

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

Data Storage

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.

Community Based Governance

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.

Masternodes

We aim to have Masternodes when the Ethereum Blockchain allows for it. Masternodes will help to further secure and decentralize the Terawatt network.

The Problem

PROBLEM: Inefficient light bulbs are creating both unnecessary greenhouse gas emissions, which are contributing to climate change, and unnecessarily exorbitant electricity bills for peoples and governments.
The DAO

Decentralized Autonomous Organization Funding

Token Contribution Charts

Token Utilization 




Meet the Team

 
Evan William CEO Read More
Morris H. Layton III COO Read More
Jerome Raymond CTO Read More
Hase Takujira Advisor/Developer Read More
Shubham Tatvamasi DAO Architect/Advisor Read More
Roy Davey Lead Engineer Read More
Jacob Salvador Advisor/Marketing Read More
Roman Karimov Advisor Read More
Savio Gomez, Capt., PhD Strategic Advisor Read More
Miikka Saloseutu Advisor Read More
Antoun Toubia Advisor Read More
AnuDeep Advisor/Marketing Read More
Dr. David Meszaros Legal Read More
Carlo Buonpane Advisor Read More
Alexander Pavlov Advisor Read More
Why L.E.D.?

The Benefits

  • Light up immediately, like an incandescent bulb

  • They stay cool to the touch even after use

  • Last up to five times longer than CFLs

  • No sensitivity to cold temperatures

  • Do not contain mercury

  • Some models can be used with a dimmer switch

  • Available in soft, warm, and bright white hues

"Low energy light bulbs use less than 20% of the energy of a conventional light bulb, and can last up to 15 times longer." -Carbonfootprint.com

Roadmap

2017

Project Conception, Whitepaper drafted, Patent Filed

Dec 2017

Team Building- Acquired CTO, COO, and Advisor

Jan 2018

Whitepaper/Website, Trademark Granted, Listed on KICKICO

Feb 2018

Building Presence, Token Presale site under development

June 2018

Private Sale Launch, Development

July 2018

PreICO

Sep 2018

ICO

Oct 2018

DAO construction begins, Exchange Listing(s), Hire more Devs

Nov 2018

Acquire key partnerships and meet with more Utility companies

Jan 2019

Mobile Wallet release, continue development

Feb 2019

Masternode and DAO testnet

Mar 2019

Fully Functional User Interface Released, DAO Mainnet Online

Apr 2019

Devcon and Acquire More Partnerships

May 2019

Receipt Verification/Tax Incentive Utility/LED Token Development

Jan 2020

Expansion of Terawatt’s LED Ecosystem into related sectors

Let's work together to substantially reduce greenhouse gases.
Click here to access the whitepaper now!

Join the movement!