4NEW: Providing Green Energy for Crypto Mining

Overview:
4NEW is an eco-friendly platform with the aim of solving the global electricity issues by utilizing the waste and converts into energy, which will provide tokenized electricity to transact over a blockchain network.

Problem:
Cryptocurrency industry is growing rapidly. As per records in 2018 March, bitcoin mining consumes more energy than energy consumed by whole county of Singapore, due to this difficulty miners are not showing up their interest in the mining, some studies saying that bitcoin mining in next year will consumes equally with energy consumed by twenty countries.

Solution
It is a blockchain based eco-friendly which will refine waste products and converts into energy that can be used for the mining purpose. Energy generated from the waste will be used to produce its coin called KWATT.

They use simple technique to produce the electricity through biodegradable product, first of all they will collect all the wastes from houses and business, it is mixed with farm residue which will help in the burning, they are fed into digesters, it will be heated up to 30-55 degree Celsius, they release biogases which mainly contains methane carbon dioxide , these gases are used in the producing electricity.
It uses blockchain technology to ensure transparency of all transactions of energy.

Token economy:
4NEW issues a token called “KWATT” which can be used in the internal ecosystem for the services

Team:
Sandeep Golechha – CEO
He is a Eclectic entrepreneurial business professional, focused on delivering strategic numerical advantages to operational growth strategies. He was Chief Operating Officer in Four Seasons Capital for 1 year. Previously he also held position of Managing Director at Jainex International Limited.

Peter Teasdale - COO
He has 35 years of experience in energy and environmental sectors. He have effectively managed workforces exceeding 40 staff, and is confident coordinating or working within a team.His key skills are in mathematics, design and engineering.

Barnaby Andersun - CMO
He has 25 year of experience in technology field. A consultant, web designer, information architect, graphic designer, animator, international speaker, writer, project manager, trainer, branding strategist, trademark expert, Barnaby provides strategic consulting on how to digitise a project, re-engineer it for blockchain, automate ecommerce systems, drive traffic, and build brand awareness.

Token details:
Token symbol: KWATT
Total Supply: $300,000,000
1KWATT: $2 USD
Soft Cap – $43,300,000
Hard Cap – $75,000,000

Verdict:

Pros:
• Social media hype is excellent, its telegram community has 30k+ members
• Website is appealing good, it gives brief information about the project
• Advisory team looks great, they have members from different background experiences like blockchain, ICO, finance.
• Currently they have developed two functional plants.
• Team members are having prior experience in energy field, environment sector, agriculture, project management, business development, marketing, etc.

Cons:
• Whitepaper is unstructured and does not contain full information about the project.
• Roadmap is unclear, it shows goal till Q1 2019 Only.
• No information about the partnership is mentioned in the website

Links:
Website: https://4new.io/
Whitepaper: https://4new.io/wp-content/uploads/2018/07/4New_White_Paper_English-.pdf
Telegram: https://t.me/FRNCoin
Twitter: https://twitter.com/4newcoin?lang=en
Reddit: https://www.reddit.com/r/4newNetwork/
Facebook: https://www.facebook.com/4newcoin/

Bitcoin talk Username -anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a