Good day everyone, guess you’re all doing good? Basically Cryptocurrency has been going round the whole global and I will want you all to take a preview and more also to participating in the initial coin offering 4New blockchain.
What is 4New blockchain?
4NEW is the world’s first eco-friendly, tangible, Waste to Energy blockchain solution with disruptive exponential and concrete ramifications.
4New is the world's first ever Waste to Energy treatment facility entirely integrated on the blockchain network. 4New product is grounded in necessities, solving two global and social problems Waste surplus and energy shortfall. 4New blockchain platform will be built on top of the underlying treatment infrastructure covering the entire supply chain from collection of waste to generation of electricity to sale of energy units to the national grid. Given the utilitarian nature of the services 4New will be providing belief that 4NEW will successfully integrate the blockchain network within the real world applications of waste to energy conversion with widespread acceptance.
Varieties of solutions 4New blockchain will be providing includes the following:
- Waste: Each of 4New plants take in 50,000-100,000 tonnes of waste annually, processing it in an environmentally-friendly method, in order to creating electricity. Gate fees offset the operational costs of the plants, allowing for free electricity production.
- Energy: The electricity 4New produce is constant, year round, and is scalable to any location with human activity. Electricity is either sold to the national grid or applied to operate mining processes at the onsite mining farm.
- Crypto: 4NEW is the world’s first eco-friendly blockchain ecosytem powered by waste to energy power plants. 4New’s ecosystem will be providing a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally.
Basically 4New are producers of energy not an energy exchange platform.
Waste to Energy (WTE) power plants serve as a dynamic solution with over a 115 year history for addressing two social & environmental crisis which are Waste Surplus and Energy Shortfall. Furthermore, other renewable energy sources such as Solar, Wind, Geothermal and Hydro are all dependent on natural resource availability waste is available everywhere. Revenue generated from waste processing operates the plant at breakeven. Therefore, the energy produced is free. This free energy can be sold to the national grid or consumed.
Other 4New development includes the following:
• processing of waste
With two operating Waste to Energy power plants generating 10 megawatts per hour and a third site identified for operational launch in 2019, 4NEW is positioned to activating the blockchain ecosystem with its onsite mining farm this summer. Production finally meets Consumption.
• Free energy
More also Bitcoin mining has been deemed an environmental disaster. As of March 31 2018, 1 Bitcoin transaction has been known to consume as much power as 30.5 US households for a day. 4New free energy is consumed by an onsite mining farm enabling us to present a sustainable, viable and scalable solution to facilitate wide spread adoption of cryptocurrencies.
• Blockchain
4New will enable coin holders to loaning 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 utilizing staked energy, as represented by the coin, also to processing transactions within the top 20 cryptocurrencies.
• Revolutionize Industries
4New will be providing a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally. We will revolutionize the industries of Waste, Energy and Crypto-mining ushering a new era.
4New Pollution Control System.
Biogas is mainly comprised of methane (CH4), carbon dioxide (CO2) and small amounts of hydrogen sulfide (H2S), and water vapour. Hydrogen sulfide (H2S) is a colourless, poisonous, flammable gas formed in the fermentation process by the transformation of sulphur-containing proteins, often found in manure. The issue that this causes, is the sulphuric acid which forms will quickly degrade and corrode an engine.
There are a number of techniques which can be adopted for desulfurisation, of which Plant 1 and 2 utilize activated carbon filters. These work by forcing biogas through the remaining digestate; during this process the porous structure of the digestate traps the H2S molecules, and the H2S breaks down into elemental sulphur,CO2, H2O and K2SO4. Energy from waste includes a number of different technologies and processes, including Combustion, Gasification, and Anaerobic Digestion. The benefit to these processes is not only that they are reducing waste to landfill, but they offer additional revenue streams in the form of gate fees, Renewable Obligation Certificates (ROC), Feed in Tariffs (FiT), and Renewable Heat Incentives (RHI) depending on the setup of the plant. These present profitable models before the use of surplus electricity, and as an additional benefit, when properly maintained they run consistently with minimal downtime for 92% of annual hours without intermittency.
Traditional combustion, sometimes called incineration, often used in mass-burn plants, requires vast amounts of air to pass over the flame in order to maintain the burn, as huge volumes of waste at different consistencies pass through it every hour. In this scenario, two seconds of burning means the emissions have travelled a great distance from the flame, so the plant needs to be extremely large, and still there is a lot of particulate matter travelling in the flue gases. This usually means large sites needed to process the emissions through a wet electrostatic precipitator. Cleaning processes which use water creates a new waste which must be the recleaned at further capital cost; this is why the larger waste processing sites require water purification plants. The requirement to undertake this additional step reduces the overall efficiency and profitability of the site.
4NEW’S Blockchain platform.
Electricity is an intangible commodity. Nevertheless, it is not practical or feasible to scaling 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.
The KWATT Coin allows us to fractionalize the output capacity of a power plant down to the most fundamental and basic unit, which is the kilowatt hour. Moreover, by pegging the power unit to the coin, for the first time we can make power mobile as long as the power plant has the supply of electricity to back it up 4NEW has successfully configured the KWATT coin to be pegged with electricity since we are a power producer not an exchange.
Furthermore, the 4NEW blockchain will enable holders of the KWATT coin to stake their tokens on the network allowing consumers of power to utilize the staked coins in order to process crypto transactions for currencies such as Bitcoins, Bitcoin Cash, Ethereum and Dash amongst others.
In this manner the 4NEW ecosystem including the power plant and the mining farm will operate on the underlying blockchain technology making kilowatts mobile and scalable globally. The 4NEW decentralized, distributed ledger is also where all actors in any industry will be able to transact using the KWATT coin. The coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction.
The ledger will provide an immutable and auditable journal of all transactions related to purchase and sale of goods and services on the blockchain. With all parties to each transaction being able to see the same ledger entry, costs of reconciliation and potential issue of disputes and revenue leakage are controlled to a very large extent.
4New token sale details.
TOKEN SALE: 1 JUN – 21 JULY
Ticker: KWATT
Token type: ERC20
ICO Token Price: 1 KWATT = 2.00 USD
Fundraising Goal: 75,000,000 USD
Total Tokens: 300,000,000
Accepts: ETH, BTC, USD, DASH, GBP
To know more about this project you can follow the links below:
Website: https://4new.io/
Whitepaper link: https://4new.io/wp-content/uploads/2018/05/4New_WhitePaper_English.pdf
Light paper: https://4new.io/wp-content/uploads/2018/07/4NEW-Light-Paper_new.pdf
Facebook page: https://fb.me/4newcoin
Twitter page: https://twitter.com/4newcoin
Telegram group chat: https://t.me/FRNCoin
Ann Thread: https://medium.com/4newtoken
My telegram username: @abiodunmike
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1176224
My eth address: 0x94e2fe951a7EC78a682dF49Ce5138AC169C236C3