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Ratings Terawatt

Global LED Adoption Through Blockchain Technology

Terawatt is a patent-pending, renewable energy blockchain startup, with a strong focus on monetization and driving global L.E.D. adoption. Terawatt will create a DAO, and also a deflationary Ethereum-based, private (zk-SNARKS) currency for global payments. The DAO will be funded and used by Utility Companies, L.E.D. Sellers, Businesses, token holders, and energy customers worldwide. The DAO will act as a decentralized global mutual/insurance fund to ensure Utilities (and businesses) always have access to funding (which constantly runs out) for subsidizing L.E.D. sales to their energy customers (or for businesses upgrading to L.E.D.s). Total Supply: 100 Million Tokens. Circulating Supply: 65 million (supply will decrease exponentially in an s-curve to as low as 1 million tokens over time). This is due to our continuous coin burning algorithm. Terawatt will automatically use 50-75% of company profits earned from DAO entry/exit fees, and other to buy back and burn tokens daily.

3.6
7 6 expert ratings
Benchy 4.3
KYC
Experts
3.6
3.4
2.9
Review: coming soon PRO
~$10,852,570
value of tokens sold in ICO
Ended
Token
LED
Type
Price in preICO
1 LED = 0.30 USD
Price in ICO
0.4000 USD
Country
Whitelist/KYC
KYC
Restricted areas
USA, China, North Korea, Syria, Iran, Iraq, Belize.
preICO start
21st Jun 2018
preICO end
15th Oct 2018
ICO start
16th Oct 2018
ICO end
15th Jan 2019
Visit ICO website
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Changelly

Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
ICO and STO and IEO advisor
Rated on Jul 23, 2018
4
2
3
14%

The whitepaper is quite sloppy. Almost half of it is about general market trends and use cases. No competitive analysis with other ICOs and/or "FIAT" solutions, no business planning scenarios.

+10Agree
+9
-1Disagree
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evan williamICO team member replied on 25 Jul 2018
Thank you for your review. As stated on the first page of the whitepaper we have no direct competitors, there aren't any ICO's focused on helping overcome the upfront cost of LED lighting. There really aren't any fiat solutions as well, except for maybe a renewable energy mutual fund but its really not even comparable. Our project and model is truly unique. Perhaps we could trim the market data section down a little bit if you think that is more preferable, maybe you want some more photos to make reading a bit more palatable. Business planning scenarios? Can you elaborate on this? Thank you
Dmitry Pshenin
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker
Rated on Sep 6, 2018
2
3
2
13%

Unfortunately I do not believe in the project. First, why blockchain is here? Secondly, the team consists mainly of advisors who are involved in other projects. Can't recommend for investment.

+3Agree
-6
-9Disagree
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evan williamICO team member replied on 12 Sep 2018
I dont believe in you: investor, minor, ico marketing, sounds like unemployed perhaps? Here is why we need blockchain, if you bothered to read the whitepaper (I know you didn't).
Token Utility
Why do we need blockchain?
-To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary
currency with utility functions
-We need complex smart contracts to power the D.A.O.
-We need Transparency, Immutability, Decentralization and verification of all
transactions performed on the platform
-Extremely precise process automation
-It becomes convenient to work with other cryptocurrencies in an increasingly
digital world. Integration with other projects on blockchain (product tracking,
verification, ecosystem expansions, and so on)
Reliability and fault tolerance
-The Terawatt token will have several utility functions:
-Used as a secure, private (zk-SNARKS), fast, low cost, decentralized payment currency
at Utility Companies, LED Bulb Sellers, and any other interested merchants
-Allows entry to the DAO, staking/voting abilities, powers the DAO ecosystem with
Ethereum Smart Contracts
-Allows access to decentralized immutable renewable tax data records (for a small
fee), used as financial incentive to verify L.E.D. bulb purchases
-Incentive - The Terawatt Token/Currency acts as a reward for each L.E.D.
bulb/fixture purchase that's verified by our patent-pending process. This serves
as an incentive for users to purchase LEDs for home, businesses, or government
use and verify them through our interface
-Data Storage - LEDs on the blockchain! LED purchase records may be tracked and stored securely stored in the Terawatt ecosystem. This allows the purchasing entity to return at tax time and have all of
their LED and other Energy Star Rated Purchase records readily available. The
user pays a small token fee to access the records again.
-Masternodes - When Ethereum makes it available. This will help to further secure
and decentralize the Terawatt ecosystem, while providing benefits like residual
rewards and DAO voting/staking power to token holders
Aly Madhavji
Award-Winning Author | Angel Investor | STO and ICO Advisor | UN Consultant | INSEAD MBA | Advisor Polymath, BitBlock Capital, Fiat Capital Fund |
Rated on Jul 22, 2018
5
5
3
12%

Very interesting project that seems fairly unique. The team and vision are strong but the mainnet launch is on the roadmap. Look forward to seeing mainnet and potential adoption of this.

+8Agree
+4
-4Disagree
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evan williamICO team member replied on 25 Jul 2018
Thank you for that. The prototype is under construction and we plan on having a working product prior to ICO completion. We will probably be way ahead of schedule with the main-net launch.
Suzat Fernandes
CFO & Co-Founder
Rated on Sep 12, 2018
3
4
3
11%

Terawatt is an interesting project with a unique vision. The platform needs to work on their whitepaper as the implementation of blockchain technology seems unnecessary. The team advisors are involved in various projects, which might help them make educated decisions. The team will need to focus their efforts on marketing and advertising to make this project a success. Waiting for the MVP.

+5Agree
+4
-1Disagree
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evan williamICO team member replied on 24 Sep 2018
Thank you for the review. We have a new whitepaper, did you get a chance to read it? How can we run a decentralized autonomous organization without blockchain? We cant, so the need for blockchain is pretty clearcut. Also, how will we track LED purchases and Carbon Credits properly without a verifiable, decentralized, immutable, ledger? We cant. Please see page 37 of the whitepaper for the Token Utility section. Thank you
Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Trader, Lecturer, Jack of All Trades
Rated on Aug 7, 2018
3
2
2
10%

It is good that the product helps the environment but I don't think it is feasible. Not in most countries in the world at least... Negative -

No MVP. Negative -

CEO's Linkedin profile link doesn't work. Rest of the co-founders are inexperienced. Negative -

Advisors are good. Positive +

Hype is great. There are 52k on telegram and 2k on twitter (however, this imbalance points to a possible bounty program) Positive +

65% of tokens are allocated to investors. Neutral +/-

Other minor stuff such as the design of website and whitepaper (it never fully loads btw), 100% bonus for contributors, etc. seem disturbing. Negative -

My personal hunch doesn't say very good things about this one.

+2Agree
-6
-8Disagree
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evan williamICO team member replied on 10 Aug 2018
How is it not feasible? People around the world can buy our tokens, join the DAO, make money, and then use that profit to buy LEDs. Very simple and is not limited to any specific geographic region. All someone needs is an internet connection and a few dollars. Seems very feasible to me, especially considering we have the largest contributor to the Ethereum DAO currently building our product.

MVP is being built and will be ready within a week.

Thanks for the hype, yes have a bounty like most ICOs, but ours was posted by a staff member at bitcointalk, very positive!

You say whitepaper doesn't load and my linkedin link doesn't work, but they work fine for me, perhaps you should clear your cache, or upgrade to a faster computer.

No offense, but my personal hunch doesn't say very good things about you as a "blockchain expert"
Himanshu Kumar
CEO of AMBCrypto |ICO advisor | Serial Entrepreneur | Inventor | Marketing Service |
Rated on Aug 30, 2018
5
5
5
8%

Product seems to be interesting and unique, team also has some good experience in the tech.

Let's see their product to check their work quality. Product is going to face very big challenges in many countries.

+9Agree
+6
-3Disagree
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evan williamICO team member replied on 2 Sep 2018
Thank you for your review. The DAO MVP is almost finished, we will definitely upload everything soon for the community to see. Also, we are prepared to face and overcome any challenges going forward. Success is the only option!
Benchy
ICO analyzer bot
4.3
31%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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