KWATT, The Coin to change the energy playing field.
We will have a deeper view on the KWATT Coinfrom 4New, A Company plannning on turning waste to clean green energy to power their mining farms and also provide electricity to the community. So what is the KWATT Coin?
The KWATT coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction, Each KWATT Coin embodies an annual supply of 1 kilowatt of electricity within it. This means the holder of KWATT Coin will be able to apply their energy (from the KWATT Coins) to one of two places. They can either sell their energy to the UK National Grid or they can choose to apply it towards 4New’s cryptocurrency mining farm.
At the start of each year, KWATT Coin Holders will be able to choose a desired application of their energy the coin holder owns as represented by the total amount of KWATT Coins in their control at the time of this election. Therefore, if the coin holders desire to sell their energy to the UK national grid then the respective option can be selected. Alternatively, if the coin holder were to select the mining farm then the energy will be applied to the mining farm. Any decisions not made within the allotted time frame at the start of each year, will leave the management the right to determine the allocation of the energy at its discretion.
Users will have the ability to decide which coins or coins they would like to put their KWATT Coin power towards to mine. The options will consist of the top twenty minable coins, this decision will automatically point the necessary amount of hash rate towards mining that coin, and the yield will be transacted to the account associated with your 4NEW Wallet.
The KWATT Coin will represent a certain hashing capacity per coin. This concept is not new; Companies such as Giga Watt have offered similar mining items for lower costs, however, KWATT Coin is extremely unique in scope. 4New charge energy fees for mining, the only cost to a coin holder is the cost of the coin. This means that a coin holder will be able to mine all cryptocurrencies for the lifetime without spending an additional penny for their energy bill. The energy is free to us, so it is free also to the coin holders.
Seems this Company is targeting one of the biggest problems we are facing in this world today!. But they have solid information, and seems to know what they are doing. Check out the ICO going on now on their website : https://4new.io/, As always dont take my word as any investing advise, do your own research and more research.
Website : 4new.io, Telegram : https://t.me/FRNCoin , White Paper: https://goo.gl/2q6dWx
