From the original KWATT supply of 300 million tokens, 4NEW.io is scheduling the burning of 150 million tokens, which it will complete within this next 7 days; this will help improve the value of the current token supply

LONDON, UK / ACCESSWIRE / August 7, 2018 / 4NEW, the company greening crypto-mining via waste-to-energy electricity, has announced that it will burn half of its KWATT coins. The KWATT is a tokenization of the company's own electricity, which can be used for mining, and more broadly as a global utility coin.

To claim KWATT tokens and register with 4NEW, please check out http://www.4new.co/airdropb/.

The company has begun burning 150 million KWATT of its original 300 million supply, which it will complete this week. Each remaining KWATT will still embody within it one kilowatt of electricity for a year, as before the burn. 4NEW has taken the measure to keep allocation in equilibrium.

The coin burning is as green as the company's energy production, a spokesperson noted, adding that 4NEW's UK based waste-to-energy (WTE) plants both process waste and generate energy in more environmentally friendly ways than conventional methods. Contained unit waste to energy technology is well proven, with a track record over a century long. 4NEW's two plants, with a third planned for 2019, all surpass UK environmental agency standards.

4NEW is the first utility company dedicated to providing energy to blockchain networks - and entirely from recycled waste. Holders of the KWATT can loan or stake their coins as utilized energy for the processing of the top 20 cryptocurrencies in an onsite mining farm. Surplus energy is sold to the national grid.

4NEW aims to address both the waste surplus and energy shortfall crises, scaling its localized solution into a global plan. The KWATT represents electricity on the blockchain, enabling electricity to be mobilized without the usual infrastructure. The coin will have additional utility, such as in global money transfer and customer bill payments for 4NEW services.

4NEW's token sale completes on August 10. Those looking to take part can quickly and easily sign up on its website. Those who contribute now receive a 25 percent bonus added to their KWATT account, upon completing KYC. The KWATT will be listed, from August 21, on the HotBit, HitBTC and Exrates exchanges.

About 4NEW:

The 4NEW solution will address both the waste surplus and energy shortfall crises, employing the former to aid the latter. The company will refine waste to create energy, which it will either sell to the national grid or use to power its mining farm. Each KWATT coin embodies within it one kilowatt of electricity for a year. Effectively, the KWATT coin will tokenise electricity, enabling its global transference without need of infrastructure beyond the blockchain. For more information, please visit https://4new.io/.

Contact:

Madeleine Teasdale

mteasdale@4new.co.uk

+447803182103



SOURCE: 4NEW