October 20, 2017
By Bitcoin.com PR - October 20, 2017 (news.bitcoin.com)
Announcing the world’s largest Initial Coin Offering ever launched at USD 350 Million; Is also the world’s first eco-friendly, tangible, Waste to Energy treatment plant, fully integrated onto the blockchain network. 4NEW, will revolutionize and standardize the industries of Waste and Energy by offering services as a wholesaler within the Utilities sector that is fully integrated onto a decentralized, distributed ledger enabling all actors within the industry to trade waste and energy transactions using the 4NEW Coins towards payments within the 4NEW ecosystem.
The 4NEW coins are utility tokens with built-in smart contract capabilities. They establish a binding relationship between two transacting parties and provide a value for each transaction. The ledger on the 4NEW ecosystem provides an immutable and audit-able journal of all transactions related to the buying and selling of energy and waste. Each transaction is transparent to all parties which allows them to see the same ledger entry and cost of reconciliation thus controlling issues of dispute and revenue leakage to a great extent.
With a global plan to scale this localized solution addressing the waste surplus and the energy shortfall crisis, 4NEW will not only revolutionize the blockchain network but also standardize digital assets as a means to transact business within a conventional setting making 4NEW the global utility token.
Although, 4NEW intends to scale operations globally, the initial launch will occur in the United Kingdom. The UK’s waste management industry has a total annual turnover of $11 billion USD with approximately 200 million tonnes of waste processed per year. There are approximately 70,000 people employed in the sector across 3,000 companies. This market sector is under developed as technological advancements seen in other industries have been held back or are slow to materialize. The size of the UK waste market alone is over 120 billion USD annually.
The UK is also facing an unprecedented “energy gap” in a decade’s time, according to the Institution of Mechanical Engineers (IMechE). With demand for electricity likely to outstrip supply by more than 40%, widespread blackouts are within the realm of possibility.
The constant growing demand for 4NEW services within its ecosystem will directly correlate to liquidity for the 4NEW Coin. Additionally, with the ability to determine future sales and revenues, 4NEW is equipped to have a clear and transparent outlook for supply and demand for its coins at any given time. This supply/demand predictability facilitates price stability for the 4NEW Coin.
4NEW is scheduled to launch its Pre-sale round starting October 17th, 2017 through November 14th, 2017. Additionally, the Live Launch will occur November 15th, 2017 through December 15th, 2017, with a subsequent listing on exchanges by December 18th, 2017. The company is also offering three bounty rounds for early adopters between October 17th and November 15th, 2017.
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