TeraWATT, a renewable energy blockchain startup will be offering its tokens based on the Daox Protocol
Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption
Today we are happy to announce that blockchain startup TeraWATT is joining Daox movement and will be offering its tokens based on the Daox Protocol. The company is looking to raise up to $11,500,000. The token sale on the Daox Network is already open!
About the project
Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) token for global transactions. 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 pool to ensure utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s).
This is due to our continuous coin burning algorithm. Terawatt will automatically use 50–75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7.
See project’s page on the Daox.Network for more info: https://daox.network/terawatt/overview
The Daox Protocol is a new standard for all kinds of token sales. It allows for the interaction of investors and startups via decentralized autonomous organizations.
More good news are coming! Stay tuned.