Evan William
Terawatt (LED) preICO preICO
700.00 Soft Cap, ETH
7,000.00 Hard Cap, ETH
05 Feb, 2018 - 12 Feb, 2018 Campaign Duration (UTC)
104
243.34

Update 9/15/18: New website, whitepaper, pitch deck, one pager, 22 additional partnerships including IBM, Bancor, and Credits, and 1.9 million USD raised to date despite this bear market. We are in talks with some powerful VC funds and fully anticipate hitting our hardcap. We have also signed exchange listing agreements with Coinbene.com and Bitmart.com which do over 200 million dollars in daily volume! Terawatt tokens will be listed in December on these exchanges, plus more. Visit www.TerawattLED.com for all the new info and join the movement!

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Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. 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).  

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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, purchase record access fees (for businesses using our tokens as payment), 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. They can also reduce accounting costs as all transaction data will be stored securely on the decentralized ethereum blockchain. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive. This may further increase token value due to the network effect. (Metcalfe's Law)

 

Competitors: None

Private sale: June 2018

PreICO: August 2018

ICO: October 2018

Cap: $11,460,000

*We have officially formed a partnership with Carbon Check (Link) which is accredited, certified, or recognized by the United Nations Framework Convention on Climate Change (UNFCCC), Verified Carbon Standard (VCS), Gold Standard Foundation (GS), Social Carbon and the California Air Resource Board (ARB) for providing verification and validation services in each respective regime. This is HUGE! Carbon Credits are massive, and we will be able to monetize this with the help of Carbon Check.

We have formed 24 other partnerships including IBM, Bancor, Credits, see our whitepaper and website for more details

Our Mission

  Leverage blockchain technology to help reduce global lighting electricity consumption 50 percent (roughly 2000 Terawatts) by 2035, while also increasing light output by 50 percent. Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like BTC, ETH, etcetera.  Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s.

Method:

1) Terawatt will create a Decentralized Autonomous Organization (DAO), and also create a highly deflationary Ethereum based 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).

This is a major benefit to utility companies as they want 100 percent of their customers to have energy efficient lights due to progressive grid overload, which forces power companies to build (and maintain) expensive (Hundreds of millions of dollars) power plants to meet demand. They are also mandated by government agencies (i.e. US Department of Energy and US Environmental Protection Agency) to increase L.E.D. adoption in their respective markets. Businesses want L.E.D.s because they reduce electricity bills, increase light output, reduce maintenance costs, and qualify them for tax incentives. The upfront cost was the issue, but Terawatt will help overcome this.

2) The Terawatt Token will also be used as a currency similar to ETH at any business or utility company that will accept it as method of payment. DAO members with businesses will want to accept Terawatt tokens as payment because they will gain increased voting/staking power in the DAO, and because it's much more deflationary than FIAT or other cryptocurrencies due to continual coin burning structure, which equals potentially increased profitability.

The power companies, and other token holders, will buy into the DAO with our tokens, we’ll charge a fee for entering and exiting, and when they sell their position, we take a percentage of their profits (like a mutual fund or an exchange does). We will take 50-75% of these profits to buyback and burn our own tokens daily (per transaction depending).  With Terawatt, all people and businesses can have uninterrupted access to inexpensive/free L.E.D.s which substantially decreases their purchasing costs, electricity bills, increases global lighting efficiency, and in turn reduces global greenhouse emissions.

The (LED) token will may or may not exponentially increase in value as more power companies (and buyers/energy customers/other companies) realize the advantages of using our tokens and of joining the DAO (Metcalfe’s Law), thereby increasing demand while also decreasing supply.

Through DAO utilization, key partnerships (We are actively pursuing collaborations and partnerships with utility companies globally), deflationary supply, token incentives, and voracious marketing, Terawatt aims to help put L.E.D.s in all commercial, industrial (street lights), government and residential buildings/facilities worldwide and efficiently increase the changeover from less efficient Incandescent, Metal Halide (MH), High Pressure Sodium (HPS), and Compact Fluorescent Lighting (CFL) to 100% L.E.D. lighting (Light Emitting Diode).

Token holders 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 with masternodes (when available), vote, donate, or hold (LED) tokens, which will power the Terawatt Ecosystem.

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Contact Information

[email protected]

Twitter: https://twitter.com/Terawatt_LED

Telegram:  @terawattICO 

Website

Terawatt Whitepaper


Unique Selling Points

-Deflationary Currency

-DAO fund

-Masternodes when available on Ethereum

-Patent-Pending LED Purchase Verification Process

-Already speaking with Utility Companies

-Strong Monetization Focus and Methods

-Solves a Real-World Problem

-Helps protect the environment and by reducing greenhouse gas emissions from electricity production

-Talented, well educated, experienced, and passionate team with a diverse skillsets

-"Feel-Good" company that helps drive current state, local, federal, national, and global green initiatives

     Through token incentives, voracious marketing, DAO utilization, and key partnerships, 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.


Market Data

    The rapid adoption of LEDs in lighting marks one of the fastest technology shifts in human history,” Goldman Sachs stated in a new report.

The accelerated deployment of light-emitting diode (LED) bulbs is on track to save U.S. consumers and businesses $20 billion a year in electricity costs within a decade, which would lower U.S. CO2 emissions by some 100 million metric tons a year! The growing global effort to speed up LED adoption could ultimately cut global energy costs and carbon pollution 5 times as much.

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    On top of all that, in 2015, the world’s energy ministers embraced a Global Lighting Challenge, which is “a global race to accelerate phase-in of high efficiency, high-quality and affordable advanced lamps and lighting systems with a target of achieving cumulative global sales of 10 billion such units as fast as possible.” LED lighting will be a central focus.

    As with solar energy, advanced batteries, and electric vehicles, the LED lighting revolution may not be televised by the major media, but it is happening at a torrid pace nonetheless — with a big boost from government deployment policies.”

    LED’s have the potential to fundamentally change the future of lighting in the United States, and abroad.  Residential LEDs, especially ENERGY STAR rated products, use at least 75% less energy, and last 25 times longer, than incandescent lighting.

    Widespread use of LED lighting has the greatest potential impact on energy savings in the United States. By 2027, widespread use of LEDs could save about 348 TWh (compared to no LED use) of electricity: This is the equivalent annual electrical output of 44 large electric power plants (1000 megawatts each), and a total savings of more than $30 billion at today's electricity prices.


Token Description

     Our project will use Ethereum to issue and create tokens mainly because it has the base foundation that our technology will implement. Terawatt will manipulate the blockchain smart contracts. Our token will

     be a standard ERC20 token with some specific modifications. Our algorithms will verify that the consumer has actually purchased the bulbs from a suitable  store and add the transaction to the blockchain. Once the purchase is verified we will issue the consumer tokens according to how many total watts of the bulbs that they purchased.

How LED Token will be ihceGBRwMayQqafv0IQBYiOv_nr-wBDKDHynyl-Ik0MWIfpQszxFZcwtpOG0CND4XzNDRG1aDZGnbrhuK-zWcbPHjWo6S6KGOoYAL-FQdipgqAho5CAOoFnlKkGCyc12ekeMRj4y4mplemented?

     Our token will use POS so that it will help with emissions and keep the environment clean and green.

     Our first implementation will be on the Ethereum Casper Network using Proof of Stake. This network is able to finalize blocks/messages in constant time O(1). This is in contrast to the O(N) time required for Byzantine fault tolerant state machine replication. Casper uses a binary consensus protocol. Protocol messages has three parts An Estimate(0 or 1), a sender( validator name) and a justification. An Estimator then translates the messages into 0’s and 1’s.

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  • A (relatively) simple consensus safety proof!

  • No "in-protocol" finality threshold.

  • The ability to trade off latency to finality with number of validators, rather than just network overhead.

  • Theoretically optimal network overhead in the certain cases.

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     The Terawatt LED token is going to be part of a global distribution of how consumers interact with energy, not just lighting. We are offering tokens to consumers that use our patent pending verification technology in order to verify that they have purchased led bulbs. Product tracking, verification, ecosystem expansions are all in future works. We believe that being transparent and open will help keep the sustainability and value of this token. We will also offer several utilities such as

  • Payment Currency - Terawatt token will use zk-SNARKS on Ethereum to be private, fast and secure. It will also be very deflationary which is more attractive than FIAT and all other cryptos

  • Community governed DAO - 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.

  • 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.


Token Specifications

Terawatt - Decentralized, secure, sustainable

1 LED Token Represents 10,000 Watts (10 KW) of potential L.E.D. Electricity Usage

Overall Supply is 100,000,000 LED Tokens

Circulating Supply: 20,000,000 (This number will vary some as tokens are both removed from circulation (used towards community chosen projects) and also distributed to bulb buyers) We may also be doing one or more token burns to reduce supply

As a verified LED bulb purchaser, you may get LED Coins for free!

15% of LED Tokens will be given to LED bulb purchasers over the next 20 years

The remaining LED Tokens will be used for building out the platform, developing strong partnerships with government agencies and initiatives like the Department of Energy, Global Lighting  development, LED retailers like Amazon, Philips, and General Electric, heavy marketing, network growth, token sales, overhead, and to possibly expand into other rapidly growing renewable sectors like Solar, Wind, Electric Vehicles, Etcetera.

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The end goal is to help cut 2,000 Terawatts of electricity usage worldwide (~50%) and 9 trillion tons of greenhouse emissions from electricity usage over the life of the project. The beauty of LEDs is this will also increase light output by ~50 percent as well. This will have a significant global impact on the environment, especially in countries like the United States, China, India, The EU, etcetera. Then though further marketing, education, government/corporate/individual partnerships, and strong development we will continue to drive global LED adoption initiatives


Token Utility

Why do we need blockchain?

  • Transparency and verifications of all transactions performed on the platform

  • Smart Contracts that power the DAO

  • Purchase and Tax Data Storage

  • It becomes convenient to work with other cryptocurrencies

  • Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)

  • Reliability and fault tolerance.

The Terawatt token will have several utility functions:

  1. Incentives - The Terawatt Token/Currency acts as a reward for each L.E.D. bulb/fixture 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

  2. Community governed token pool (DAO) - donated funds may be locked into a pool, and the global Terawatt community will vote/decide on what projects get funded, and smart contracts may automatically distribute the funds 

  3. 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.

  4. Smart Contracts - LED token will power the Terawatt ecosystem and execute smart contracts on the ethereum blockchain

     Users will also may be able to stake their earned tokens to earn residual rewards with our POS (proof-of-stake) token model. This can be like an “air-miles” rewards program, but for LED bulbs. There is a similar token incentive right now for Solar Panels called, “SolarCoin,” which currently has a 30 million dollar (USD) market cap, but there are no companies doing this for LED’s, and our project will have a token ecosystem that may expand into many different renewable sectors like Wind, Solar, Electric Vehicles, and more. Terawatt is patent-pending (further patents to be granted) and will use a community based governance model where participants can vote with their tokens on which city/application we can help convert to LED’s. Terawatt will also help to educate others about the benefits of switching to LEDs.


Monetization

        We noticed that most (99 percent) crypto projects, coins, tokens, and ICO’s, have no plan for monetizing their company, or its product/offering (except for accumulating participant dollars). Very few solve a “real world” problem either, have token utility, and even fewer further the global sustainability agenda that is progressing rapidly. Also, almost none are patent-pending, proprietary in any way, or have a strong team with the co-creator of the Ethereum DAO  We wanted to tackle these pain points head on, and deliver a superior blockchain based product and service. This will not only differentiate this project and make it very attractive to financial participants, but also will help change the world and provide a sustainable business model going forward.

1) DAO entry/exit and profit taking fees

2)Utilizing Local, State, and Federal Tax Incentive, Credits, and Rebates

3) Partnerships with L.E.D. manufacturers and Governments

4) Commissions from L.E.D. bulb sales

5) Donations

November 2018 - Fully Functional User Interface Released, Mainnet Online

December 2018 - Devcon, Acquire More Partnerships

February 2019- Receipt Verification/Tax Incentive Utility/LED Token Development

March 2019- Expansion of Terawatt’s LED Ecosystem


Our Team

Evan William 

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Founder and Chief Executive Officer

B.S. in Business Management from The State University of New Jersey at Montclair. Evan is an extremely driven entrepreneur and successful business owner. Experience includes sales and operations at Fortune 500 Companies such as Verizon Wireless and Enterprise Holdings. Director of Business Development for TBA, Brewmaster and Investor at BF Meadery. Evan’s also a U.S. Government Contractor who engineers custom aircraft coatings for sale to the D.O.D., which he  uses for vertical integration in his other companies. Evan is a self-made cryptocurrency trader, investor, blockchain advisor, helped develop the RSI Scanner Bot, and bootstrapped Terawatt, a patent-pending project that will better our world. linkedin.com/in/evan-william

Morris Hallowell Layton III

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Chief Operations Officer

B.S. in CIvil Engineering from University of Texas at Arlington. Morris has more than 10 years of experience in civil engineering, business development, marketing, and event promotions. He has had the opportunity to work on software pre-launch, and promote affiliate products. He has a thorough understanding of current infrastructure needs, and economics in funding maintenance, reconstruction and new construction. He is pro-sustainability and pro-tax savings. He joined this team to build client relationships with government authorities, individuals, and businesses.

linkedin.com/in/morris-h-layton-iii-5624229/

Jerome Raymond

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Chief Technical Officer

B.S in Software Engineering from the University of Texas at Dallas. Has been developing software and Android and IOS apps for over 10 years. Has strong knowledge of the Software Development Lifecycle and building out business infrastructures. Provides executive leadership as head of global IT. Responsible for all aspects of strategic IT planning, implementation, and support worldwide as an integral component of business plan. Managed and delivered multiple large scale projects on time and within budget. Responsible for budgeting, design and support of all technologies.

linkedin.com/in/jerome-raymond-8b06278

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Shubham Tatvamasi

DAO architect/Advisor

 

Shubham is the largest contributor to the Ethereum DAO  and has been working on Blockchain technologies since 2015. He has contributed to the Bitcoin Blockchain, Ethereum, Hyperledger Fabric, Ethos, Abyss, Microsoft Azure, Zcash, Token Market, ChronoBank, Monero, Loom, Aragon, EthLend, Origin, EOS, and many others. Shubham also has experience with Decentralized Web Applications, Corporate Blockchains, Hedera Hashgraph, Decentralized Exchange Platforms, and CryptoCurrency Mining Servers. Shubham has helped many community events/meetups for Blockchain Devs, HyperLedger Delhi/NCR, CryptoCurrencyIndia, PyDelhi, ILUGD & volunteered/spoke in conferences like Global Blockchain Conference, PyCon India.

https://www.linkedin.com/in/shubhamtatvamasi/

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Advisor/Developer

Master of Science in Distributed Computing at The University of Tokyo. Previously a Full Stack Developer at Ubisoft Tokyo, and Blockchain Developer at NashTech Japan with over 15 years of programming and blockchain development experience. Hase has recently worked on projects such as zaif.jp, bullxchange.io, psalm.io, CATS, COTN, and others.

See website for additional team members. Www,TerawattLED.com


Contact Information

[email protected]

[email protected]

[email protected]

Twitter: https://twitter.com/Terawatt_LED

Telegram:  @terawattICO

Website


Whitepaper

Terawatt Whitepaper