Before we get started, like with all of my articles, all information received thus far and used in this article (unless otherwise stated) has been from the Telegram group, and is the best way to get quick updates and answers to any questions on the project, how to invest, or simply chat with the team and the CORE team 24x7 365. Join the group via the invite link here. Got a bounty related query? Pop into the bounty channel here. Want to invest in the project? Checkout their new and improved website below and signup now to join the KWATT final three days of the ICO starting on June 1st, and 9AM BST.
People ask why 4NEW is trying to to change the face of mining in the Crypto sphere, for those of you who aren’t aware, here are some little known facts on the energy consumption of Bitcoin alone. With global warming making the news more and more often (despite what some people say What is Global warming?) Blockchains have started making the press with their huge energy consumption’s.(As of the writing of this article 30/05/2018) On average a single bitcoin requires more energy to mine than 32.88 US house holds consume in a day, and on a year-by-year basis uses more than than a staggering 159 of the worlds Countries Including Ireland & Most Countries In Africa.
On top of this, in the past month alone, Bitcoin mining electricity consumption is estimated to have increased by 29.98% upto a total of 0.31% of the Worlds entire energy consumption, as you can probably guess this simply isn’t sustainable anymore in the long run.
This is why 4NEW’s is game changer in the crypto world, combining the the waste energy project with mining the top 20 cryptocurrencies, they aim to provide a sustainable, and highly profitable mining solution, that will benefit everyone from the miners, to the polar bears and the rapidly melting ice caps.
How to purchase KWATT?
The ICO was paused for KYC integration at the end of March as a result the ICO was paused for the final three days and is due to open again on June 1st at 9am UK time. You can currently register an account, complete KYC and deposit funds to ‘Reserve’ yourself some KWATT if you are not available when it launches again, simply visit their site at:
https://kwatt.4new.io/register
Then create an account and follow the onscreen instructions to deposit your funds and get started.
Not sure what the KWATT token is or what it does in the 4NEW ecosphere? Checkout the video put together by the 4NEW team below which explains this!
Want to see what a Waste-to-energy plant looks like? Checkout the below videos that give you a drones-eye-view of one of the 4NEW newly acquired plants, as well as an inside tour!
Drone footage:
Ground level tour:
As you can see from the above, the team has been hard at work in the background pushing these deals though. Combined together the plants both produce a total of 10MW of energy currently, with a plant in Puerto Rico currently under negotiation, and a further two plants looking like they are going to be going ahead, 4NEW are storming ahead of their original estimates by a massive 9 months, name me another project that has moved this rapidly in carrying out their road-map and promises?
Want to earn tokens for free? 4NEW is currently running an affiliate program with a very competitive rate. Run your own blog or crypto Youtube channel? Maybe your the admin of a large Telegram channel? You can now earn 30% of what your referred users purchase by completing the following steps:
if you haven’t already seen, previously the team introduced the ROI calculator onto their website, this has recently gone through some changes and updates to make it a little easier to understand. Using calculations that are pegged to electricity output, which is measurable and tangible, you can get rough estimate of what you could stand to earn from your KWATT tokens as the number of Power Plants in 4NEW’s ownership increase, and as a result the KW pegged to each individual KWATT token increases. (it’s worth saying that like anything in Crypto, this is not a guarantee, market prices and demand will effect this both positively and negatively, and this should only be taken as an estimate only invest what you can afford to lose)
Patent Pending -- Number: 62674053
In line with their other major plans, the 4NEW team are currently in the process of registering a patent for their project, details can be found below:
A blockchain based ecosystem whereby energy produced by power plants, renewable or non-renewable or Waste to Energy technologies, is applied to a digital asset, digital protocol or a smart contract for delivery to cryptocurrency mining farms. The digital asset or the smart contract would act as a measure of the amount of electrical consumption to generate 1 unit of the respective underlying cryptocurrency mined. The power plant performs as a master node whereby the entire electrical output of multiple power plants flow within a centralized or decentralized public ledger flowing the value of electricity to various mining farms globally.
To conclude, not only will 4NEW aim to provide a cheaper, more efficient way to mine, it will be reducing the emissions and harm done to the planet, by creating green energy for mining Cryptocurrencies, adding to the essentially ‘free’ energy with each and every plant it builds or acquires in it’s portfolio. This will also means that with each plant that is added to the project, the value of every single KWATT token with increase, as the energy pegged to it rises inline with the amount of plants (There will only ever be 300,000,000 KWATT created, so as additional plants are added, their energy output is added to each token)
Want to lookup more information on the project, checkout their website or missed the Telegram link above? Checkout the below links to their social channels and other sources of information:
Whitepaper: https://4new.io/wp-content/uploads/2018/03/4NEW-WhitePaper.pdf
Blog: https://4new.io/blog
Affilate signup: https://4new.io/affiliate
Website: https://4new.io/
Telegram: https://t.me/FRNCoin
Bitcoin Energy Consumption: https://digiconomist.net/bitcoin-energy-consumption
I enjoyed the article all the way, it was an interesting read all through, boosted my confidence in the project the more, no shill but i haven't seen a project this driven until now
I share same believe man 4NEW has a hard working team. Learnt they'll be listed after ICO ends which is on the 3rd of June.
This is their moment; the 1st of june it is going to be an exciting time. They will get to see their efforts pay.
I think people underestimate how much, pardon the pun, power these tokens hold if they continue their plan of having 22 plants that’s a huge value to be holding in your wallet longterm with recurring income, I’m really hoping this team is as good as it seems they have so much potential to both do good and make investors a crap ton of money
22 plants means 4NEW is going to be operating on a massive scale I hope their team can keep up with their expansion plans.
Will be huge if they can hit the plan of 22 plants, each plant produces around 5MW x that by 22 would be around 110 MW
Some nice figures from burning waste!
That would be a great achievement for ICOs too/ Cryptoworld/ Imagine they are that successful that would be a huge boost to the whole crypto community
I know right, people will start looking at Crypto with a different perspective most people have the notion that Crypto is all but a scam.
If they manage to setup 22 plant by 2022, then investors will get huge return for their KWATT tokens
Thanks for the write up. A good and well explained piece. From your conclusion, it is obvious that the best practice for this is to hold the token and pray for more plants to be built.
Nice article, you sure did a good research on the topic, 4NEW is a project to behold, with a fast pace and strong team, is no wonder that the project is generating a lot of buzz and they are trying to solve an impending issue in the blockchain industry
Very nicely written article, one of the more informative ones and as stated below, wasn't boring to read like most others I see.
Great to see how much the 4NEW team have achieved in such little time, the the team clearly have a drive to get the product working and make the world a better, cleaner place.
I agree. 4NEW team have done lots of development in last few weeks, even though ICO is currently going on.
very nice article. I like the way you explained the need to 4NEW kind of projects. Bitcoin mining alone consuming huge energy and we need project which can solve this huge energy requirement issue.
Yes.. Energy consumption rate of mining currencies especially bitcoin have been a very big major issue. I am glad 4new is coming to take that problem away.
Yea, the consumption of energy in the blockchain industry is so huge that it is proportional to the consumption of a country, that's pretty much and needs alternative source
The project was well thought out and timely. The energy consumption of bitcoin mining was already becoming a serious issue in some cities.
Thanks for providing detailed information about how to buy tokens. Also I was not aware that there is 30% referral bonus.
It tends to be a solid source of bonus especially for those with a lot of friends directly or have a social media persona that they use to get the word out on things I imagine theirs some people making a nice chunk off a quality project with the people they know
Token sale is expected to resume tomorrow. I guess we will see some surprises during this sale.
Looks they changed a bit of the plans and the extension is going to be a bit different nothing bad but is an interesting development for those that were considering investing at this point on the ico will be interesting to see how the final push goes
The token value projections are very interesting, hopefully the price will reflect the estimations in the future.
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