4NEW — Review of ICO  

4NEW is a new, decentralized, environmentally friendly ecosystem that is created to process wastes into the water and organic materials and thus extract electricity that can be sold to the state or used for mining farms.

The solution of the Platform:

Capacities for the production of cryptocurrencies are constantly growing, and with them, the cost of this mining is also growing. In a year on the extraction of cryptocurrencies, billions of dollars go, despite the fact that there are countries with very cheap electricity. At the same time, the platform is aimed at generating useful energy by processing various organic wastes. It is also an interesting fact that this electricity will be tokenized, which is possible due to the appearance of the mechanism of the blockchain.

The main features of this platform are:

  • 1 KWATT coin will be equivalent to 1 kV / h of electricity extracted from waste processing;
  • 300 million tokens are produced in total because the projected capacity of the plant is approximately 300 million kW / h of electricity per year;
  • the platform plans to create two power plants for energy production in Q3 2018;
  • these two stations will give about 10 MW of electricity per hour;
  • all unsold tokens will be destroyed and no further tokens are to be released;
  • insider tokens will be limited until January 2019;
  • with the help of a farm located near the plant, it will be possible to accurately monitor and measure electricity consumption by mining capacities;
  • from the capacity of this plant can provide up to 360 billion Gigashash per hour.

Tokens Platforms and their Sale:

The platform tokens will be used to generate the power received on the platform. As we said above, 300 million tokens are produced.

Distribution:
On account of the distribution of tokens, we can say the following: 67% will be sold during the ICO, 25% allocated to the founders and the team and 8% allocated to the institutions of the ecosystem.

On the account of the distribution of collected funds, we can say the following: 40% is allocated for the construction of refineries, another 40% is allocated for the construction of mining capacities, 10% as working capital, 5% for the development of its detachment and 5% for marketing the platform.

On the distribution of future income: 35% is allocated for the construction of additional plants for the production of electricity, 35% is allocated for the purchase of additional equipment mining, 20% for electricity, 10% for management and other platform costs.

Roadmap:

At the expense of the platform development plan, we can say the following: in December 2015 the construction of the first processing plant began. In September 2016 – the second plant was started to be constructed. In March 2017 the first plant was ready. In October, the second plant was ready. Also this month, pre-sales of tokens began. They went in two stages and ended in December 2017.

In the second quarter of 2018, the construction of 3 parts of the plant will be initiated. The first mining capacities of the platform will also be launched, which will be fed from the plants of the ecosystem. Also, the “Know Your Customer” system, the development and integration of the blockchain platform is completed. In the third quarter of 2018, there will be reducers with a functional capacity of the power plant. In the fourth quarter, bringing the capacity of the plant to a maximum and improving the exploitation of mining capacities on site.

In the 1st quarter of 2019, the assembly of 3 parts of the plant will be initiated and the global expansion planning started.

In conclusion, I want to say that the project is quite interesting and, as for me, profitable. And the project’s fees are quite impressive, so my idea is shared by quite a few of its investors, one of which you can become. For more detailed acquaintance with the project, I advise you to read the information document.

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