In a growing world, where the conventional forms of energy are fast moving towards extinction as well as are contributing generously to global concerns like the greenhouse effect and global warming, the need to innovate and employ alternate or unconventional energy sources has become crucial for the existence of a future. Waste-to-Energy, also widely recognized by its acronym WtE is the generation of energy in the form of heat or electricity from waste. (The process is also called Energy from waste to EfW). Using developing technology, these various methods aim to compress and dispose waste, while attempting the generation of energy from them.
Each month millions of tons of waste is produced. Either they become a part of landfill or are exported to third world countries. This causes huge environmental impact in terms of wildlife, ecosystems and to human health. Keeping this in mind, many new waste treatment plants have come up and have developed new ways to generate energy from landfill waste.
Waste-to-energy uses trash as a fuel for generating power, just as other power plants use coal, oil, or natural gas. The burning fuel heats water into steam that drives a turbine to create electricity. The process can reduce a community’s landfill volume by up to 90 percent, and prevent one ton of carbon dioxide release for every ton of waste burned.
4NEW Limited was created to address the ongoing waste management challenges of transforming them into energy that can be used for human consumption. 4NEW Limited is the world’s first public waste utility waste treatment plant. 4NEW will modernize the Waste and Energy industry by offering services as a wholesaler in the Utilities sector that is fully integrated into open source, decentralized public exchanges that allow consumers and industry associates to trade their 4NEW Coins for payments in the 4NEW ecosystem. This platform solves two major problems of waste management and energy supply through a decentralized ecosystem built on the trust and shoulders of the general public that this project aims to be. The platform is a concept that gives back to society!
4NEW PLANT TOUR
The platform is built on Blockchain technology with a view to rearranging the waste and energy industries for the benefit of both participants of the blockchain and non-member ecosystems to give each person and a sense of humanity to everyone. The 4NEW solution will help to bridge that gap to the blocking network by setting up a future factory location near the city center where these data servers are located, thereby reducing the burden on their respective national power grids.The cost to produce the energy is met through the revenue generated from the waste collection services and sale of byproducts facilitating a sustainable operation at break even or a marginal proﬁt. Therefore, the energy produced is unencumbered and freely available for utilization or sale to the national grid.
Historically, the price of 1 kilowatt has been very stable for the past ﬁfty years at approximately $0.15 globally, inﬂation adjusted. This trend is expected to continue for the foreseeable future in lieu of technological innovations. However, the wild card that not many have truly evaluated is the exponential acceptance of the blockchain worldwide leading to a massive spike in energy consumption by cryptocurrency mining that could drive the price of energy up globally.
4NEW has the unique opportunity to apply this ﬁnite lifetime supply of energy to its coin, namely, KWATT. The 4NEW coin symbol is KWATT. Each KWATT Coin embodies within it, 1 kilowatt of electricity for a year.
The token used in the platform to transact, makes payments and regulate usage of electricity by households, industries and private individuals is the 4NEW coins. Each 4NEW plant has a minimum annual capacity of approximately 40,000 tonnes per year of waste processing.
Each ton generates roughly $110.00 in coin utilization for waste collection services. Additionally, processing 40,000 tonnes of waste per year would convert to approximately 104,000 MW/Yr of energy that can be sold for approximately $0.13 per KW in coin utilization. Both waste and energy require roughly $13,500,000.00 in coin utilization per annum per plant. To meet up corporate objectives of the platform, ICO is out for offer to allow participants take active part in the inherent benefit of the platform.
For mobility purpose, the 4NEW mining rigs will be set up with retroﬁtted shipping containers with the following dimensions Width: 7’6” and 5/16 Height: 8”4” and 11/16 Length: 38’ and 19/64. This in turn is to ensure that the shipping containers provide mobility which translates into scalability as the company grows and expands internationally. It might interest you to know that 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.
KWATT token is based the ERC-20 token standard and Ethereum-powered smart contracts. Once the blockchain is developed, the token will be swapped out for the KWATT coin which will interact with the blockchain. The total token offering is three hundred million tokens (300,000,000). This is the hard cap limit for the crowd sale offering. Each KWATT Coin represents 1 kilowatt of electricity per year. KWATT Coin holders will be able to apply their energy to one of two places. They can either sell their energy to the UK National Grid, or they can choose to apply it towards 4NEW’s cryptocurrency mining farm. At the start of each year, KWATT Coin holders will be able to choose how their energy is used. Energy is determined by the total amount of KWATT Coins in their control at the time of this election. Management reserves the right to determine a user’s energy allocation if a decision is not made within the allotted time frame.
For more information :
Website : https://4new.io/
Whitepaper : https://4new.io/wp-content/uploads/2018/05/4New_WhitePaper_English.pdf
Telegram : https://t.me/FRNCoin
Facebook : https://www.facebook.com/4newcoin/
Twitter : https://twitter.com/4newcoin