HOW KWATT TOKENS WORK
A blockchain based ecosystem whereby energy produced by power plants, renewable or non-renewable or Waste to Energy technologies, is applied to a digital asset, digital protocol or a smart contract for delivery to cryptocurrency mining farms.
The digital asset or the smart contract would act as a measure of the amount of electrical consumption to generate 1 unit of the respective underlying cryptocurrency mined. The power plant performs as a master node whereby the entire electrical output of multiple power plants flow within a centralized or decentralized public ledger flowing the value of electricity to various mining farms globally.
4NEW President speaking to 4800 people at the North American Bitcoin Conference.
We throw away 2.12 billion tonnes of waste globally each year, growing 3% each year – this means we will double our waste output in 25 years.
The world energy supply is around 80 percent reliant on fossil fuel energy. The IEA predicts a rise in global energy demand of 50-60%, and a 50% rise in greenhouse gas emissions by 2030.
Crypto-mining energy consumption growth is exponential. As of March 31, 2018, 1 Bitcoin transaction consumed as much power as 30.5 US households for a day, this is a 500% rise since September 2017.
Each of our plants take in 50,000-100,000 tonnes of waste annually, processing it in an environmentally-friendly method, in order to create electricity. Gate fees offset the operational costs of the plants, allowing for free electricity production.
The electricity we produce is constant, year round, and is scalable to any location with human activity. Electricity is either sold to the national grid or applied to operate mining processes at the onsite mining farm.
4NEW is the world’s ﬁrst eco-friendly blockchain ecosytem powered by waste to energy power plants. 4New’s ecosystem will provide a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally.
We are producers of energy,
Not an energy exchange platform.
Waste to Energy (WTE) power plants serve as a dynamic solution with over a 115 year history for addressing two social & environmental crisis; Waste Surplus & Energy Shortfall. Furthermore, other renewable energy sources such as Solar, Wind, Geothermal and Hydro are all dependent on natural resource availability; waste is available everywhere. Revenue generated from waste processing operates the plant at breakeven. Therefore, the energy produced is free. This free energy can be sold to the national grid or consumed.
Projected Annual Token Valuation
|Projected Annual Token Valuation:|
Projected Annual Token Valuation based on increase in output capacity of the power plants, while maintaining fixed token supply
Click Here to view the underlying calculation details, assumptions and disclosures.
Come Meet Us On The Road
Round 1 Launch of KWATT
Closing the Pre-Sale
Closing the Pre-Sale
2ND QUARTER 2018
Initiate planning on 3rd plant site
Complete setup and initiate operations of first mining rigs onsite
Launch power plant integration with mining rigs
Complete KYC and 4new blockchain development and integration
3RD QUARTER 2018
Rigs with functional capacity of power plant
ICO Ends Aug 10th
Exchange Listing 21st Aug
4TH QUARTER 2018
Initiate scale up logistics of power output and performance of mining rigs onsite, achieving full plant capacity
1ST QUARTER 2019
Initiate build out of 3rd facility and global expansion plan
Frequently Asked Questions
Yes, the KWATT token is based the ERC-20 token standard and Ethereum-powered smart contracts. Once the blockchain is developed, the token will be swapped out for the KWATT coin which will interact with the blockchain. The total token offering is three hundred million tokens (300,000,000). This is the hard cap limit for the crowd sale offering. Each KWATT Coin represents 1 kilowatt of electricity per year.
The mining operation produces a lot of heat, resulting in a higher-than-usual malfunction rate. Cooling costs to keep the devices at normal temperatures are about one fifth of the total power consumption.
The mine’s total footprint is between 24-40 tons of CO2 per hour. This mean the total energy consumption of the Bitcoin network processes about 200 tons of CO2 per hour at minimum. The footprint could be significantly reduced if the source of energy is substituted for a greener method.
Bitmain’s plant consumes 40 megawatts per hour (approximately 5% of the total Bitcoin output), the same output capacity of the 4NEW plant. Therefore, it is possible for our operation to scale in the same way. At approximately 5% market share of a $20 billion Bitcoin mining sector, the projected market capitalization of 4NEW revenues is roughly $1 billion.