The 4NEW (KWATT) Initial Coin Offering
4NEW started their KWATT ICO pre sale on October 17th, 2017 and the main sale, that was planned to end on December 15th, 2017 was extended until March 28th, 2018.
During their pre sale and main sale 4NEW managed to raise over $42.1m in token sales. This meant that 4NEW achieved their soft cap so they could proceed with developing their project.
With the funds already raised 4NEW have launched 2 operational power plants in the UK. The power plants will combust organic waste and then convert it into energy.
The energy is then distributed to KWATT token holders who then decide whether they want to sell their energy to the UK’s national grid or if they want to ‘invest’ the energy into 4NEW’s cryptocurrency mining farm.
There are many benefits to either selection, so investors are really spoiled for choice, I haven’t seen a project before that offers so many different profit options on top of the tokens growth on cryptocurrency exchanges.
The profits earned are dependant on the amount of tokens held by each individual investor, like with all cryptocurrency projects no profits are guaranteed and the success of the project relies on how 4NEW operate their business and how the crypto markets perform.
The token sale was extended and on April 1st, 2018 an early bird bonus sale was introduced before the planned 3 day listing sale that starts on June 1st, 2018.
From April 1st to May 15th investments of;
$500 to $2,499 will receive a 25% bonus
$2,500 to $4,999 will receive a 30% bonus
$5,000 to $9,999 will receive a 35% bonus
$10,000 to $19,999 will receive a 40% bonus
$20,000 to $49,999 will receive a 45% bonus
$50,000 to $99,999 will receive a 50% bonus
$100,000 to $149,999 will receive a 55% bonus
$150,000 + will receive a 60% bonus
From May 16th to May 31st these investment bonuses will reduce by 10% respectively. Also investors that bought tokens during the initial pre sale/main sale period that I mentioned earlier will receive an extra 25% bonus of tokens after KYC has completed.
The pre listing sale will run for 3 days from June 1st to June 4th and this should signify the end of the overall KWATT token sale.
These bonuses will reduce the value of the tokens when listed on exchanges but it ensures more of the tokens are distributed and it encourages more investors to participate in the token sale.
Hopefully after the early bird and pre listing sales have concluded 4NEW will be nearer to reaching their hard cap of $75 million.