Terawatt is a patent-pending, renewable energy Blockchain startup, with a strong focus on monetization and driving global the L.E.D. adoption. To achieve this objective, Terawatt aims to create a Decentralized Autonomous Organization (DAO), and also 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 for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s).
The LED token is an Ethereum-based (ERC20) cryptocurrency developed by the Terawatt. The LED is going to be used as a decentralized payment currency at Utility Companies, LED Bulb Sellers or other interested merchants. Additionally, it will allow entry to the DAO, staking/voting abilities, and powers the DAO ecosystem with Ethereum Smart Contracts.
Terwatt ICO began on September 15, 2018. The ICO token supply represents 65% of the total token supply, so there is a total of 65,000,000 LED tokens available, for 0.40 USD each. The ICO funding target is 500,000 USD, the funding cap is 11,460,000 USD and is expected to end on October 28, 2018 or when the funding cap is reached. Any unsold/remaining tokens will be burned.
Token Reserve Split (35%):
Terwatt ICO campaign features a bounty and a bonus structure.