The Super ICO: TERAWATT - GLOBAL LED ADOPTION THROUGH BLOCKCHAIN TECHNOLOGY

To most people in the world, lighting system goes hand in hand with onion bulbs. This is due to the fact that, the onion bulbs and its substitutes have been in the system for a while now. However, the advancement of technology has shown there are far better alternatives when it comes to lighting solutions. The traditional lighting systems have been proven less efficient and hazardous to the environment, thanks to science and technology.
Having this problem at hand, Terawatt seeks to improve this situation by implementing a discrete solution model. In this report, we are going to look at a facet of Terawatt’s proposed solution.

As part of Terawatt’s plan to reduce global lighting electricity consumption 50 percent by 2035 and also increase lighting output by 50 percent, the team focuses on developing a Decentralized Autonomous Organization (DAO). The DAO would be described to the lane man as a central repository of funds generated and utilized by stakeholders (utility companies, L.E.D. sellers, businesses, Token Holders, and energy customers worldwide).

The DAO is the next-generation organization powered by the blockchain technology with no human resources. Yes, no managers nor employees. It makes use of Ethereum smart contract to perform most business processes from funding to allocation of earning to rightful shareholders. Initially, the DAO is going to be funded with the money generated from the sales of DAO tokens during the initial coin offering (ICO) stage. The system would be designed in a way that holders of the DAO tokens will make organizational decisions through voting. Ideas are introduced to the DAO in the form of proposals. Token holders then vote on proposals and, if approved, contractors will be allowed to compete for work on the resulting projects (Terawatt, 2018). The concept behind the DAO is to serve as a mechanism to assist power companies already in the market, businesses and individual around the globe adopt the usage of LED as their lighting solution or upgrade their existing systems even if they aren’t financially capable.

A pictorial depiction of how the DAO really works.

Acting as a funding bank, payment currency, and as an immutable verifiable data ledger, Terawatt will be of benefit to her stakeholders. We are going to look at some of the benefits one could be derived from the use of the DAO.

• Provisions (coin burning algorithm) have been made to facilitate the iterative decrease of token supply. Approximately 50-70% of Terawatt’s profit earned from DAO entry/exit fees, profit taking fees (like an exchange), Carbon tax data storage fees, carbon credits, and also from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This strategy might have a significant influence on the value of the DAO tokens due to increasing demands.

• For businesses and token holders, profit earned from the DAO could be used to buy LED bulbs, which will help reduce utility bills, qualify them for government tax credits/rebates, and reduce greenhouse emissions. There will also be the opportunity (discounts) for shareholders who verify they used their profit from the DAO to buy or sell LED and other related technologies. Terawatt will also offer a free trial to utility companies to have a feel how beneficial the DAO is and its relationship to their business growth. This eliminates the risk that might arise in the minds of utility companies and will help them realize the benefits of accepting the LED token as a payment currency.

• The Terawatt tokens also have some sort of benefits it offer the holders. Besides powering the DAO, it serves as a fast, private, secure monetary currency that would be accepted globally by business and utility providers. With the supply being extremely more deflationary than FIAT, with time it will become the preferred currency as compared to other cryptocurrencies.

From today's report, it’s seen how useful the Terawatt project is to individuals, firms, government and our environment as well. The project has a good concept and seeks to solve real-world problem. In my subsequent article, we will look further into the Terawatt token and its’ use cases. Viral resources will be provided at the end of the article for further reading and inquiry.

Token Allocation and Distribution schedule

Token Sale Details

*Private sale: June 2018
*PreICO: July 2018
*ICO: September 2018
*Cap: $11,460,000
*Competitors: None
*Token Price: 0.40 USD
*Platform: Ethereum
*Minimum investment: 0.2 ETH
*Soft Cap: 500,000 USD
*Hard cap: 13,500,000 USD
*KYC: Required for all investors