Blockchain technology is absolutely great, it is a new technology which is certainly implemented more and more than the technology gets further developed as time goes on.

It has many advantages which will bring many advantages such as Peer to Peer transactions, offers great benefit to the supply chain management through use of smart contracts. We will start seeing the technology get used more and more through businesses, homes, and anywhere you can think of.

Blockchain has great uses, but one major problem with the blockchain and crypto currencies such as Bitcoin is the energy consumption. Bitcoin and blockchain consume an exorbitant amount of energy; we throw away 2.12 billion tons of waste globally each year, growing 3% each year this means we will double our waste output in 25 years.

If blockchain technology is going to revolutionize how we transact with each other, computer scientists need to solve one big problem: It can consume way too much energy. Proof-of-work which is also known as “mining,” is the culprit behind bitcoin’s energy waste. It’s the process by which computers solve complex mathematical riddles to perpetuate the blockchain and garner new bitcoin .









As you can see from the above Bitcoin energy consumption is rising by an alarming amount.

This is why 4NEW was introduced, offering a REAL solution to solve a real life world problem which not unleashing the full potential of blockchain technology.

The 4NEW team already have two working power plants which are operational as we speak resulting in electricity being generated as we speak. They do this by combusting organic waste which creates energy which is then leveraged into consumable energy which can be either sold on to national grid or applied where desired, in this case — onsite mining farm resulting in masses amount of electricity being saved. “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”

A very innovative futuristic project which looks to be taking on the big electricity consumption problem being the world’s first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants. The project has already carried out a $42.1 Million Early ICO raiser, which has exceeded their expectations and has reached the soft cap already!

They have the official main token sale starting 01/06/18 with 75 million being the hard cap which I’m sure will sell rapidly. You can contribute to the Early Special here @ https://kwatt.4new.io/register

Currently KWATT is listed at $2 each but certainly priced low in correspondence to the goals in mind of the project. 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.

KWATT Coin holders can apply their energy 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 can choose how their energy is used.

Energy is determined by the total amount of KWATT Coins in their control at the time of this election.

In conclusion, this is probably one of the most exciting ICO’s I have seen in 2018, the amount of progress they have achieved is impressive considering they haven’t even officially started there “main” sale yet

Two operational plants within an initial coin offering period is a great achievement.

I plan on investing in some KWATT considering this is a real life world problem which definetely requires an effective solution.









You can find some more detail on how 4NEW power plants technically work on the below sources.



Website: https://4new.io

Twitter: https://twitter.com/4newcoin

Facebook: https://www.facebook.com/4newcoin/

Telegram: https://t.me/FRNCoin

Youtube: https://www.youtube.com/channel/UCLzicKiydBSy1nmLSjmkMYg

