Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 4NEW - The World's First tangible Waste to Energy Blockchain
by
jamzzz123
on 04/08/2018, 08:10:19 UTC

Yup, essentially there is two options when it comes to your KWATT tokens:

1) Sell to the grid
2) 'Stake' your power towards mining cryptos.

(just an FYI, you're gonna wanna go for option 2.  Trying to find the article now, but In it Varun said it's at least 4x more profitable than selling to the grid)

It's also worth noting that the current supply of 300m tokens (Soon to be 150m in the next seven days with the burn) is all there will ever be.  This means that any additional plants added to the project, will have their power added to the existing tokens, no new ones will be issued, and with the team planning on reaching 22 plants in the next 5 years, I think its going to pay to hold. (The tokens are about to go from 1 Kilowatt hour value to 2 Kilowatt hour value in the burn already, future plants will add to this)


I believe they are talking about India as a possibility as well from what I can gather in Telegram. Puerto Rico has a bit of a reputation as a crypto hub at the moment (as it's tax free for Crypto to my understanding.. 'There are no federal personal income taxes, no capital gains tax and decent business taxes for Americans in Puerto Rico' Souce: https://www.news.com.au/travel/world-travel/central-america/puertopia-the-new-crypto-utopia-for-billionaires/news-story/49d1e6e1ad2df05a6cbf07dbbf466127) so that would be a fantastic place to have a plant setup for both parties involved.

I didn't realise Puerto Rico was a tax-haven for cryptocurrency, that's big news if 4NEW can sort out a deal there. Most of their earnings would be tax free which is a very exciting prospect as 4NEW could be potentially turning over millions out there.

That's pretty cool to know, I wasn't aware that it was a tax-haven for cryptos either. Will be nice to see 4NEW expand out there - TAX FREE Has there been any update on how the current 2 plants are operating at the moment? I mean - starting off fresh you expect there to be some minor issues / teething required?