What is 4NEW?
4NEW is the world’s first blockchain solution to the world’s energy waste problem. For instance, there is misused energy in the world. And this is due to the traditional electric companies who limit the amount of energy based on their own restrictions.
Also, we lose over 2.12 billion tonnes of waste a year. All of this waste could be used to create better eco-friendly products or electricity. Since our population is expected to double, we will increase our waste output in the next 25 years.
With 4NEW, they plan on creating a system where the waste to energy conversion is easier. The supply chain will undergo a process where the waste is converted to energy that supplies electricity. The electricity will be stored into units stored on the national grid.
4NEW will run on Ethereum’s blockchain as it allows to create smart contracts. The system provides an extra layer of trust for people that are transacting with each other. As 4NEW continues along their roadmap, they will use their own blockchain. This is because it reduces the mining costs, making it easier for contributors to earn rewards using its system.
In 4NEW’s whitepaper, they stated that their team has over 300 years of experience behind them. The team is positive that they can create a solution based on the high energy use of cryptocurrency.
4NEW works by a user starting a transaction. The system removes the middle man and makes it easier for both parties to exchange energy. With its KWATT token, it gives enough power to provide 1 kilowatt of electric energy for a year. 4NEW gives users the ability mine crypto or store the coins if they are in need of extra energy.
- Website: View
- Whitepaper: Read
- Fundraising Goal: $75,000,000
- Price: 1 KWATT = 2.00 USD
- Accepted Currencies: DASH, ETH, BTC, GBP, USD
Bountyhive username: thetechinsider
- Enhanced Mining: Users can decide the cryptocurrencies they want to mine through their KWATT Coin Power. And they will have access to the top 20 mineable coins. This system will determine the hash rate for each coin and the reward that’s connected to the user’s account that’s connected to a 4NEW wallet.
- Green Energy: KWATT energy will be used to create a renewed source of energy. The energy that’s used on 4NEW’s network is converted from waste, making this ICO a good idea for the environmentally conscious.
- Innovative Blockchain: We like how 4NEW is used to create a decentralized mining platform. Once the company creates their own blockchain, it will be easier for new users to utilize and work on their native system.
- Not 100% Original: There are a myriad of ICOs that have the goal to convert energy. We’ll have to see some innovative developments with 4NEW before we can see it surpass its competitors.
Overall, we believe that 4NEW is a great ICO as it comes energy conversion and blockchain technology. If successful, the project will create a more cost-effective way to mine Bitcoin without taking away our main resources. We hope to see more successful developments from this ICO in the future.