Terawatt is a patent-pending, renewable energy blockchain startup.
Key Statistics
Premise
5/5 – Excellent
Terawatt aims to use blockchain technology to reduce global lighting electricity consumption, by creating a Decentralized Autonomous Organization (DAO) and an Ethereum-based currency for global payments. The DAO will serve as a decentralized global or mutual insurance fund to ensure Utilities always have access to funding for subsidizing LED sales to their energy customer.
Terawatt seeks to address grid overload, a common problem experienced by many utility companies. The problem forces power companies to build expensive power plants to meet the demands of its customers, which is detrimental to the company’s profits. Through Terawatt, power utility companies will be able to give their customers energy efficient lights.
By 2035, Terawatt projects that there will be a significant reduction in the global lighting electricity consumption, an increase in the light output by 50%
Team
4/5 – Very Good
Through the diverse expertise of the team, the platform is set to a good start. The team is composed of dynamic and youthful individuals, with varying degrees and knowledge. The Founder, COO, and CTO have more than ten years of experience in the fields they are experts on. They also have an impressive and set of credentials which can help the success of the platform.
Another set of impressive team members are the architect and its advisors. The DAO architect is an expert in his field and has made significant contributions to blockchain technology with different companies. Equally important in the team is the expert on renewable energy powers, which allows Terawatt to tap many another renewable source of energy.
The composition of the team brings excellent potential to the success of Terawatt in the present and for the future.
Token
4/5 – Very Good
There will be a total supply of 100 million tokens, 65 million of which will be circulated. The revenue earned from the DAO will automatically be used to buyback and burn Tokens. Terawatt tokens can be used at any business or utility company which accepts it as a mode of payment. An incentive for companies receiving the tokens will be their increased voting or staking power in the DAO.
The remaining LED tokens are for developing strong partnerships with various government agencies and initiatives, particularly in rapidly growing renewable sectors like Solar, Wind, Electric Vehicles, and the like.
Risk
4.5/5 – Low Risk
To date, Terawatt remains to be the only company with this type of initiative and innovation. They have no direct competitors yet, which is great because this gives them more time to dominate, innovate, this type of niche. The lack of competitors allows them to diversify to other sources of renewable energy, making themselves the competition for those who wish to enter the same niche.
It is undeniable that the platform has a lot of potentials, but its token sales may become a hindrance to their full potential. There are still several areas which restrict token sales, and some of these areas can be a source of prominent investors, or areas which can benefit from the platform the most.
Summary
4/5 – Very Good
Terawatt is an excellent initiative in solving a global crisis, and it can be said that this project is revolutionary. The project is unique because it was able to innovate the cryptocurrency market and provide a solution. With Terawatt, all people and business can have uninterrupted access to inexpensive or free LEDs, which decreases their electricity bills, increases global lighting efficiency, and as an overall result reduce global greenhouse emissions.
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The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
Reviews
Excellent Initiative
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