



INTRODUCTION

Today I will review about a very interesting project, first of its kind, the first company to bring waste management to blockchain in a very unique and effective manner, is not news that the exponential acceptance of blockchain worldwide is leading to a massive spike in energy consumption, cryptocurrency mining has caused a raise in the price of energy globally.Energy Shortfall is the concern facing the industry, this is exactly where 4New comes in, 4NEW is the world’s first blockchain based solution to the world’s energy waste problem. The company believed that there is loss of over 2.12 billion tonnes of waste a year. That all of this waste could be used to create better Eco-friendly products or electricity. Please real through.

WHAT IS 4NEW:

The company is based in the UK and founded in October of 2017, 4NEW team tend to solve the energy consumption problem with cryptocurrencies by generating energy from waste products. It is the first ecological solution in the world to propose the recycling of waste, based on blockchain technology advantages, the team primary arm is to revolutionized the waste industry, by focusing on two social problems- waste surplus and energy shortfall. According to the white paper, 4NEW’s blockchain platform will be built on top of the underlying treatment infrastructure covering the entire supply chain,from the collection of waste to generation of electricity to the sale of energy units to the national grid or between consumers and industry peers.

HOW 4NEW WORKS

The concept is quite distinct, the process of refining waste product into water and organic materials generates 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 by-products facilitating a sustainable operation at breakeven or a marginal profit.





KWATT Coin is extremely unique in scope. The KWATT Coin will represent a certain hashing capacity per coin. The energy fees for mining is zero, 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 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. The team understand the fluctuations ratesin mining, that one hash today can represent half of its mining power a month from now. To solve this issue, they 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.

4NEW’S BLOCK CHAIN

Building a company that uses the blockchain to handle payments and accounts is an excellent application of ledger technology. Recording account information and transactions into a blockchain makes each and every bit of data related to customers and providers makes for a transparent, immutable record that is highly resistant to tampering. 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.

Why 4NEW Is Lucrative

For the fact that platform themselves is anenergy producer this provide them with a key advantage over their competitors as their costs for mining should be much cheaper.

Given the utilitarian nature of their services, it is believed that 4NEW team will successfully integrate the blockchain network within the real-world applications of waste to energy conversion with widespread acceptance.

The team behind the project hope to revolutionize the Waste, Energy and Cryptocurrency sectors simultaneously and are hoping that their token will be adopted in all different industries

Given that everyone uses electricity on a regular basis, and waste will never stop being produced. 4New team assumed that, rather than trying to reduce the amount of waste produced or reduce the amount of energy we consume—since both are inevitable to some degree—why not instead harness the energy that can be produced by this waste? That’s what drives 4New forward.

Mining farm: The project will also have its own mining farm with token holders given the option of either mining or selling their electric to the national grid.

THE TOKEN

4NEW has the unique opportunity to apply this finite lifetime supply of energy to its coin, 4New’s token-the KWATT Coin, is representative of the energy produced in their plants. One KWATT embodies one kilowatt’s worth of electricity. KWATT Coin holders will have the ability to direct the energy represented in their tokens, either to the national grid or towards operation of the mining farm.These coins will be used in all transactions for acquiring and selling waste and energy.

Total token supply will be 300,000,000 KWATT, of which 67% is available for their ICO. 25% will be put aside for founders and insiders, which will be locked until January 2019. Total fundraising goal is US$75 million.4NEW ICO Details

Total tokens for sale: 300 million, any unsold tokens will be burned.

Fundraising Goal: $75,000,000

TOKEN DETAILS

Token symbol: KWATT

Token type: ERC20

Token supply: 300 million

Soft cap: $35.2m

Payment receipt : BTC, ETH, LTC, BCH.

ICO price: 1KWATT= $2

FOR MORE INFORMATION KINDLY VISIT:

WEBSITE |FACEBOOK| TWITTER| INSTAGRAM | YOUTUBE

GITHUB| MEDIUM | REDDIT | LINKEDIN

THE TEAM

They are well experienced team, based in the UK. They have currently raised over $30 million during the initial token sale, they'll have plenty of funds to get started with their project.





CONCLUSION

4NEW team focuses on creating a system where the waste to energy conversion is easier. The supply chain will undergo a process where the waste is converted to energy that supplies electricity. The electricity will be stored and then sold out in energy units, the team will successfully integrate the real-world waste disposal process with blockchain technology advantages, taking the waste industry to the next level, since the platform themselves is an energy producer this provide them with a key advantage over their competitors as their costs for mining will be much cheaper. In addition, the token offer investors a big incentive to hold on to their tokens, with the revenue that can be earned by either mining or selling the energy back to the national grid. In overall this is a good project to invest on.

Written by Ndidi Jennifer Ikeotuonye

Bountyhive username; Teamjenny

bountyhive.io/r/Teamjenny







