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Italy
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984 Karma

Review on 4NEW by Fabrizio Zampieri

Revainrating 2 out of 5

Summarily, the 4New project can be described: "using an energy made from waste…

Summarily, the 4New project can be described: "using an energy made from waste for crypto mining".
Collecting waste from our environments to produce electricity which is going to be used in mining both 4New coins which are called Kwatt coin and not only kwatt coins but also used in mining other cryptocurrency due to the large power and energy required to mine cryptocurrencies.
4New have managed to acquire 2 plants in which they are going to use to process the waste and produce their electricity, water and fertilizers.
The 4New token, KWATT, is based on the ETH blockchain. 300 million tokens will be released, that corresponds to 300 million kilowatts per year, which the company plans to release within 1 year. The cost of one "perpetual kilowatt"/KWATT = 2 US dollars.
At the beginning of each year, the KWATT owners will be able to decide and vote for a certain period of time, what he wants to do with his tokens. It is possible to sell own share of electricity to the UK grid or to tokens into mining. Both options are profitable in own way, but now it is difficult to say what will be more profitable for longer periods.
Currently, KWATT is tradable on Hotbit, LATOKEN, Cobinhood, BitForex and BITKER exchanges.



Pros
  • - ECO-friendly cryptocurrency. - Cryptocurrency mining for a lifetime. - 4New sounds simple and transmit positive message. - Using KWATT tokens, you can either earn on mining, pay the electrical bills or buy some health care or money transfer services.
Cons
  • - It's a young project so operative results will have effect in medium term. - Difficult to sustain in future. - Strong and aggressive competitors.