4NEW - WORLD'S FIRST ECO-FRIENDLY WASTE TO ENERGY BLOCKCHAIN SOLUTION

Today, Cryptocurrencies have in their own right have become an environmental disaster. As of the 30th of September 2017, a single Bitcoin transaction consumed as much power as 7.5 US households use in a day. As of July 2018, this reached the equivalent of 35 households. These transactions now consume as much power as the whole of Chile, Luxembourg, Iceland or Singapore. Where this value didn’t exist several years ago, it now consumes more than whole economies, and it is growing fast.

On this occasion, I will introduce an innovation and solution that drives the mining process without pulling from a national energy source.

Introducing 4NEW! The world's first eco-friendly, tangible, blockchain ecosystem powered by waste to energy power plants

4NEW is the first blockchain solution in the world for waste to energy conversion. It’s a tangible and eco-friendly solution that is taking the world by storm. 4New is based on the idea that waste to energy conversion is a new necessity. They claim 4New will solve multiple problems that the entire world is facing: waste is in surplus and energy is running out. By using 4New, these social and global issues will be remedied and the environment and people will benefit.

4NEW is an actual producer of energy, converting waste into electricity with emissions which meet the most stringent regulations in the world. 4NEW’s power plants earn enough revenue from cleaning up city waste and governmental incentives, to cover their entire running costs. 4NEW’s real innovation is the patent-pending generation of electricity from waste and uses this to power a massive crypto mining farm.

4NEW (KWATT) Coin

KWATT Token currently is an ERC20, Ethereum based smart contract. Upon completion of the blockchain development, the token will be swapped to the KWATT Coin that will interact with 4NEW blockchain.

4NEW has the unique opportunity to apply this finite lifetime supply of energy to its coin, namely, KWATT. Each of 4NEW’s KWATT coins (current symbol FRNC) embodies within it, 1 kilowatt of electricity for a year.

The KWATT Coin will represent a certain hashing capacity per coin. This concept is not new: companies such as Giga Watt have offered similar mining items for lower costs, however, the KWATT Coin is extremely unique in scope. We do not charge electricity fees for mining; 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 for us, so it is free also to the coin holders.

4NEW Blockchain

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 fractionalizing 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 stacked 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, the 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 the potential issue of disputes and revenue leakage are controlled to a very large extent.

4NEW Mining

4New mining rigs will be set up with retrofitted shipping containers. In this fashion, the shipping containers provide mobility which translates into scalability as the company grows and expands internationally.

4NEW has currently contracted prototypes already under development and scheduled for delivery in June 2018 to its plant site. Containers can hold either up to 432 Antminers for bitcoin mining or 2675 GTX 1060 GPU for mining most cryptocurrencies

The dimensions of each container are as follows:

Width: 7’6” and 5/16

Height: 8”4” and 11/16

Length: 38’ and 19/64

4NEW mining efforts will be focused on ASICS S9 Antminer ASICS and GTX 1060 GPU.

4NEW Offering

4NEW currently offers coins for investors interested in engaging with the first ever conversion and sewage treatment facilities. These coins will be used in all transactions for acquiring and selling waste and energy.

Token Symbol: KWATT
Decimals: 18
Platform: Ethereum
Total supply: 300,000,000
ICO Time: 01 June 2018 - 10 Aug 2018
Token Price: 2 USD
Accepting: ETH, BTC, LTC, BCH

Distribution

Roadmap

TEAM

Conclusion

The 4NEW solution and ecosystem seem will address the global crisis in a harmonious manner, whereby the technologies interact in a single innovative ecosystem, turning a boring recycling business into an exciting crypto-story. A strong diversified team of practitioners with a combined knowledge of 300 years further provide the foundational support to this ecosystem.

The 4NEW project has already reached the soft cap and gained more than $40M off the $75M of the hard cap targeted to be achieved by March 31, 2018. And that is a really high score.