4NEW is an open source platform that is grounded in necessities, solving two global & social problems; waste surplus and energy shortfall. The blockchain platform will be built on top of the underlying waste treatment infrastructure covering the entire supply chain from collection of waste to generation of electricity to application of it within the cryptocurrency transactions processing.
According to 4NEW'sWhitepaper, their purpose is to produce the energy which is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at breakeven or a marginal profit.
Decentralized, open source blockchain integrated platform facilitating transactional exchange between Business to Business (B2B), Business to Consumer (B2C) and Consumer to Consumer (C2C) related to waste and energy markets.
The energy produced is unencumbered and freely available for utilization or sale to the national grid.
4NEW has the opportunity to apply this finite lifetime supply of energy to its coin, namely, KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.
According to Whitepaper , they will standardize the waste and energy industries, which they describe as two industries in dire need of innovation and technological integration. They also foresee the 4New Coin becoming the global currency of peers and consumers for any waste or energy related services they seek.
The purpose of the project with examples
They collect the waste, process it through a high pressured combustion chamber generating free energy and organic byproducts.
They apply this free energy to an onsite crypto-mining farm resolving the Achilles heel of cryptocurrencies; voracious energy consumption met with free energy production.
The cost to produce the energy is negated through the revenue from a variety of 4new services.
4NEW enjoys a unique vantage point to generate and apply its free energy towards crypto-mining, which will enable standardization of transaction fees within the crypto community.
4New coins will be used in all transactions for acquiring and selling energy and waste.
Collect & Process Waste: Through relationships fostered by 4NEW team members over three decades within the waste and energy industries, they Receive waste from aggregators enabling them to keep their waste collection costs nominal.
Free Energy: Through a proven waste to energy technical process that is implemented successfully in utilization across multiple countries, 4NEW is positioned to generate free energy. Waste to Energy treatment plants are successfully generating power over the past 60 years in North America and Europe.
Blockchain: It will enable coin holders to loan or stake their coins on a quarterly basis. The coins represent electricity on the blockchain available for utilization by miners. Miners will have the ability to utilize staked energy, as represented by the coin, to process transactions within the top 20 cryptocurrencies.
Revolutionize & Standardize Three Industries: They 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.
Four Key Services are,
1. Waste Collection Services
2. Sale of Byproducts
3. Administrative and Facilitation Fees
4. Mining Farm Operations
Use of KWATT Coins
The KWATT Coin is an Ethereum ERC20 smart contract that represents a power purchase agreement between the token holder and 4NEW.
Accepting: BTC, ETH, PIVX, DASH, USD
Distributed in ICO: 75%
Fundraising Goal: 75,000,000 USD
Price in ICO: 1 KWATT= 1.5 USD (from 1st March)
Total Tokens: 300,000,000
Available for Token Sale: 67%
17th October to 23rd October, 2017: 55% Bonus
Know Your Customer (KYC): YES
24th October to 31st October, 2017: 40% Bonus
Min/Max Personal Cap: NO / NO
1st November to 14th November, 2017: 30% Bonus
67% of token is available for token sale.
OCTOBER 17, 2017
Pre-Sale Round 1 Launch of the KWATT Coin
NOVEMBER 14, 2017
Closing the Pre-Sale Round 1
NOVEMBER 15, 2017
4NEW Pre-Sale Round 2
DECEMBER 15, 2017
Closing of Pre-Sale Round 2
JANUARY 1, 2018
4NEW Initial Coin Offering Live
JANUARY 31, 2018
4NEW Initial Coin Offering Closing
FIRST QUARTER 2018
Complete purchase of 4NEW plant sites with planning
permissions & regulatory licenses in place already identified:
1. Sheffield, UK - 30 Acres
2. Hertfordshire, UK - 10 Acres
3. NewCastle, UK - 5 Acres
- Initiate development of blockchain platform
- Initiate 4NEW Smart Meter approval process with the UK SMETS 2
- Beta Testing KWATT Coin utility with service providers
SECOND QUARTER 2018
- Begin installation of Waste to Energy Plant on all three sites
- Complete Blockchain platform integration with 4NEW Smart Meter
- Market trial and testing of 4NEW Smart Meter system with
THIRD QUARTER 2018
Marketing efforts to build community awareness of 4NEW
- Develop and initiate relationships with key aggregators with access to
wholesale quantity of waste
- Stress test or beta test blockchain platform prior to going live
FOURTH QUARTER 2018
Installation of Waste to Energy Plants complete and
facilities will be operational
This is an independent report generated by a Coinschedule partner company. Coinschedule has no influence over its content and the views expressed may not reflect the views of Coinschedule. This is not investment advice, you are encouraged to do your own research and reach your own independent conclusions.