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4New (KWATT) ICO Review – ICO Token News


Overview

4NEW is the world’s first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The concept is quite simple, the process of refining waste product into water and organic materials creates energy and that is then leveraged to either be sold to the national grid or applied to operate mining processes at an onsite mining farm. The cost to produce the energy is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at breakeven or a marginal profit. Therefore, the energy produced is unencumbered and freely available for utilization or sale to the national grid. Historically, the price of 1 kilowatt has been very stable for the past fifty years at approximately $0.15 globally, inflation adjusted. This trend is expected to continue for the foreseeable future in lieu of technological innovations. However, the wild card that not many have truly evaluated is the exponential acceptance of the blockchain worldwide leading to a massive spike in energy consumption by cryptocurrency mining that could drive the price of energy up globally. 4NEW has the unique opportunity to apply this finite lifetime supply of energy to its coin, namely, KWATT. The 4NEW coin symbol is KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.

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. We do not 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. The ICO countdown has already begun for this token.

How does 4NEW Sustain Itself?

The concept of 4NEW relies upon the waste to energy model. In this model we are paid for the waste that we process, and the sale of byproducts such as fertilizer, organic materials and clean water. The start up costs to this mechanism are funded by the coin sale, and the plant’s overhead is funded by cash flow generated from collection of waste and revenue from sale of byproducts. Additionally, 4NEW, and the 4NEW team will retain a portion of the KWATT Coins (and their associated mining capacity) which will provide an additional revenue stream moving forward.

The Mining Capacity of a KWATT Coin

The most difficult part of the KWATT Coin design has been determining a model to correlate with the increase in mining difficulty. We understand that one hash today can represent half of its mining power a month from now. To solve this issue, we have decided to have the coin represent a fraction of the total mining capacity of the 4NEW network rather than a fixed mathematical rate. This concept allows 4NEW to expand their mining capacity to match a competitive rate on the network. This rate of exponential expansion will be a predetermined reinvestment strategy of the funds received through 4NEW’s own mining portfolio, in addition to the profits from the other revenue streams. This model not only guarantees the longevity of free energy, but the longevity of competitive mining practices.

Proof-of-Work / Proof-of-Stake

In recent months, Ethereum has taken steps towards a Proof of Stake system that will be fully implemented sometime in the following years. At 4NEW we fully support these steps and understand that more efficient systems are necessary for the sustainability of cryptocurrency in the long term. Yet, we also understand that Proof of Work will not likely be fully removed from cryptocurrency within the next decade. For this reason, additional precautionary steps must be taken to reduce the economic and environmental effects of the inefficiencies associated with Proof-of-Work mining, and our mission is to be on the vanguard of these efforts. Even if Proof of Work was completely removed and Bitcoin mining non-existent, the energy embodied within the coin can still be either applied to a greater volume of Proof of Stake mining operations or the national grid, given severe energy shortfalls already prevalent within the world.

Management and KWATT Coin Holder Interests aligned

Given that the Waste to Energy plants will sustain operations at breakeven from revenue generated from the sale of waste collection services and/or byproducts, the energy produced is free. This lifetime supply of free energy is being purchased by the coin holder in this crowdsale. Any revenue generated from the administrative and facilitation fees the company will charge to either sell the energy to the national grid or apply it to the crypto-mining farm on behalf of the coin holders will allow for future growth and expansion strategy. Therefore, increasing the overall demand for the coin. With three plants, the total output capacity rises to roughly 1 billion kilowatts per annum. This will enable a market capitalization of the coin to rival most successful cryptocurrencies. KWATT Coin was formerly named FRNCoin. It is the same coin, just a different coin symbol.

4NEW’S BLOCKCHAIN

Electricity is an intangible commodity. Nevertheless, it is not practical or feasible to scale access to electricity globally due to its dependence on tangible infrastructure that tends to be localized and dependent on jurisdictional laws and local supply demand economics. With the advent of the blockchain technology, for the first time in human history, we have the ability to scale a localized, intangible commodity such as electricity, globally. Historically, power providers would structure Power Purchase Agreements with large consumers of power such as factories or manufacturing lines. This would allow the consumers of power to negotiate deeply discounted prices due to the collective bargaining strength of their unique vantage point.

4NEW’S KWATT TOKENOMICS

KWATT Token currently is an ERC20, Ethereum based smart contract. Upon completion of the blockchain development, the ICO token will be swapped to the KWATT Coin that will interact with our blockchain. Our first plant will launch with a capacity of generating 10 megawatts of power every hour. Upon seasoning the plant operations, our infrastructure will be able to increase output capacity to 40 megawatts per hour. 1 megawatt is equivalent to 1000 kilowatts. 1000 kilowatts powers approximately 650 households for one day. Peak or off-peak usage of the power at different times of the day can cause this average to deviate. The maximum annual output capacity of the plant is 346 million kilowatts per year. Due to maintenance and general down time for repairs to the plant, expected annual output capacity is estimated at 300 million kilowatts per year realistically. To know current trend of ICOs, you can check ICO stats.

ABOUT 4NEW

4NEW will revolutionize and standardize the industries of Waste and Energy by offering services as a wholesaler within the Utilities sector that is fully integrated onto a decentralized, distributed ledger, enabling all actors within the industry to trade waste and energy transactions using the 4NEW Coins towards payments within the 4NEW ecosystem.

The 4NEW coins are utility tokens with built-in smart contract capabilities. They establish a binding relationship between two transacting parties and provide a value for each transaction. The ledger on the 4NEW ecosystem provides an immutable and audit-able journal of all transactions related to the buying and selling of energy and waste. Each transaction is transparent to all parties which allows them to see the same ledger entry and cost of reconciliation, thus controlling issues of dispute and revenue leakage to a great extent.



Website: https://4new.io/
Video Link: https://www.youtube.com/watch?v=UjqcsBQkAwE
Telegram: – https://t.me/joinchat/EgIZbBDLYGHlhtbSS58i-Q
Facebook: – https://www.facebook.com/4newcoin/
Twitter: – https://twitter.com/4newcoin
Instagram: – https://www.instagram.com/4newcoin/
LinkedIn: – https://www.linkedin.com/company/4new/

Author: ghosong

0xD748a3fE50368D47163b3b1fDa780798970d99C1
4New (KWATT) ICO Review – ICO Token News 4New (KWATT) ICO Review – ICO Token News Reviewed by haw on July 13, 2018 Rating: 5

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