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4NEW - Solution for waste energy waste based on blockchain technology
4NEW
Overview
The Earth Day, first celebrated in 1970, revolutionized our thinking about the environment. It is deemed to be the birth of the modern environmental movement. Currently, 193 countries are coordinated on the Earth Day Network working collaboratively to build awareness of the various environmental issues that impact us as a civilization. The two most important issues, at the top of their list from the start are :
1. global waste surplus
2. global energy shortages
Overpopulation, singlehandedly is responsible for both global waste surplus and global energy shortfall. As years turn to decades, the global population is growing at an alarming pace. While there are a multitude of factors responsible for this growth in population, the primary reason for this explosion in human population remains improving healthcare quality globally.
In 1970 world population was estimated at 3.7 billion.
In 1980 world population was estimated at 4.4 billion.
In 1990 world population was estimated at 5.2 billion.
In 2000 world population was estimated at 6.0 billion.
In 2010 world population was estimated at 6.8 billion.
In 2020 world population is estimated to be 7.6 billion.
In 2050 world population is estimated to be 10 billion.
Therefore, by 2050, the world population would have increased by approximately 200% to 6.3 billion within 80 years since the inception of Earth Day in 1970, which is approximately one lifetime. The planet simply does not have the resources, infrastructure or solutions available to resolve all the burdens such a population.
Waste Surplus
Each year, global waste generation totals approximately 1.3 billion metric tons of waste and that is expected to rise to 2.2 billion metric tons by 2025 according to World Bank statistics. Almost all of it ends up in landfills. The more urbanized and industrialized a nation is the more waste it produces. African and Asian countries are just beginning their evolution towards urbanization and industrialization. Therefore, the global waste problem is only expected to keep pace with the overpopulation. To compound the problem, developing nations tend to spend more on collection of waste than disposal of it. Consequently, people tend to generate more waste thinking that the waste has been dealt with, while it stockpiles on landfills. Landfills are a leading contributor to climate change by increasingly emitting toxic gases including but not limited to Carbon Dioxide and Methane emissions into the atmosphere. However, countries are beginning to run out of space to maintain landfills in order to keep pace with the growing urbanization and industrialization. After all, land is a nonrenewable resource and its use has to provide the highest rate of return per square foot, which is usually attained within urbanization and industrialization uses.
WASTE SURPLUS IMPACT
Disposal of waste has many harmful effects on the menvironment, which are seldom understood or recognized.
- Earth : Chemicals contaminate the soil at landfills because they leech into the ground when stagnating at a landfill, which is where most of the world waste lands eventually.
- Water : Chemicals don’t just run from garbage into the soil, they can also leak into the nearby surface water harming habitats or creatures that depend on that water source.
Air : While the waste stagnates at landfills it decomposes into carbon dioxide and methane which heavily contributes to a rise in greenhouse gases in the atmosphere, further having devastating effects on the climate of the Earth
ENERGY SHORTFALL
Urbanization, industrialization and technological innovation continue to strain and widen the gap between supply and demand for energy. This gap is termed “The Energy Gap”. As the world transitions from dependance on fossil fuels to dependance on electricity to mobilize our electric cars, houses, grids, appliances and everything else in between, the widening of this energy gap is expected at alarming rates. There are some solutions available that can help bridge some of this gap. These include renewable energy sources such as solar and wind. However, these renewable energy
technologies have a few more decades of evolution to undergo before they can begin to make a dent in the energy gap. Frequent blackouts with the energy grid will be
a consistent and normal occurrence even in the developed world under current circumstances within the next decade. As the world prepares to make the shift towards blockchain integrated networks and technologies, this energy gap is anticipated to widen to an extent as never witnessed before.
THE SOLUTION
“There is no energy crisis, only a crisis of ignorance.” R. Buckminster Fuller
What is 4NEW
4NEW Limited is the world’s first blockchain integrated Waste to Energy public utility treatment plant. 4NEW will revolutionize Waste and Energy industries by offering services as a wholesaler within the Utilities sector that is fully integrated onto an open source, decentralized public exchange enabling consumers and industry peers alike to trade their 4NEW Coins towards payments within the 4NEW ecosystem. 4NEW product is grounded in necessities, solving two social problems, waste surplus and energy shortfall. 4NEW blockchain platform will be built on top of the underlying treatment infrastructure covering the entire supply chain from collection of waste to generation of electricity to sale of energy units to the national grid or between consumers and industry peers.
4NEW Mission
Our mission is to provide a complete blockchain integrated, scalable, localized solution for Waste to Energy conversion with real time feedback for our consumers. By integrating the complete supply chain of Waste to Energy onto the blockchain network we create economies of scale and transparency that is passed along to the end consumer thereby generating savings and confidence while holding ourselves accountable.
1. 4NEW Coin Limited — Provide “Coin as a Service” to industry peers, consumers and early adopters. Decentralized, open source blockchain integrated platform facilitating transactional exchange between Business to Business (B2B), Business to Consumer (B2C) and Consumer to Consumer (C2C) related to waste and energy markets.
2. 4NEW Limited — Waste to Energy operating company.
3. 4NEW Smart Meter Limited — Smart Meter leasing and operating company.
4. 4NEW Assets Limited — Real estate asset holding company inclusive of property, plant and equipment.
THE 4NEW COIN UTILITY ANALYSIS
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. 4NEW management plans to expand Waste to Energy treatment facilities in developing nations such as Brazil, Russia, India and China. This will enable 4NEW to launch its global expansion strategy. With three sites identified to be operational by December 31, 2018 and the 4NEW blockchain integrated with immediate or timed payments requiring all financial transactions to be conducted for 4NEW goods and services with the 4NEW Coin; The approximate total demand for 4NEW Coins within the first year of operations would be approximately 50 Million coins, with the demand doubling each consecutive year
thereafter for the ensuing three years
THE 4NEW TOKENOMICS
- The total token offering is for three hundred million coins (300,000,000). This is a hard cap limit for the crowd sale offering.
- One hundred million coins (100,000,000) are allocated to each plant site. If only one plant site is launched then the remainder two hundred million coins (200,000,000) will be placed in corporate treasury until such time as the management team is ready to acquire additional properties to build additional plants.
- 4NEW will never authorize any additional coins issuance over and above the three hundred millions coins being launched in this initial coin offering. Therefore, any future growth in 4NEW plant sites will always rely on the supply of the coins being issued in this offering.
- 4NEW only need to sell twenty five million coins in order to set up first plant.
- 4NEW Coin holders purchasing in the pre-sale and the live launch in 2017 may choose to sell on any of the exchanges at the prevalent market rates at such time.
- 4NEW Insiders and Founders will be restricted from selling any coins until January 1st, 2019.
- On a per plant basis, any 4NEW coins not sold in the offering will be burned. For the avoidance of doubt, If only 50 Million coins are sold then 25 Million coins will be collected by Insiders and the balance 25 Million coins will be burned. for the two other plants, two hundred million coins will be reserved in Treasury for future building purposes.
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