4NEW, the company operating Waste to Energy treatment plants today announced a series of groundbreaking developments. 4NEW has successfully secured $30.5 million USD from institutional investors collectively. This enables 4NEW to complete its soft cap requirement facilitating the construction and realization of its first plant in its entirety.
The realization of the plant insures widespread adoption for its coin since consumers can start paying for their utilities bills using the 4NEW services. Additionally, 4NEW has also received a number of mandates to beta test its timed blockchain payment system concept from a number businesses within multiple and diverse sectors. “Our business to business strategy is demonstrating great results. We anticipate widespread consumer adoption through users of these businesses in 2018” said Sandeep Golechha.
4NEW’s Initial Coin Offering (FRNC) for its utility token is currently underway for the general public ending December 15, 2017. While this coin does not provide investors any share of the corporate profits currently, given that it is strictly speaking a utility token which represents sale of future goods and services of 4NEW, nevertheless, it does offer holders of the coin an opportunity to avail various services such as global money transfer services, insurance payments, telemedicine services, online pharmacy services and Waste and Energy bill payment opportunities starting 2018.
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.
Our product is grounded in necessities, solving two social problems, waste surplus and energy shortfall. Our 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. Given the utilitarian nature of our services, it is our belief that 4NEW will successfully integrate the blockchain network within the real-world applications of waste to energy conversion with widespread acceptance.
|The 4NEW Blockchain Integration|
The 4NEW decentralized, distributed ledger is where all The actors in the industry will be able to trade for waste and energy transactions, using the 4NEW Coins as the currency. The 4NEW coins are utility tokens with smart contract capabilities built in. The coins are smart contracts which establish a binding relationship between transacting parties and provide a value for each transaction.
The ledger provides an immutable and auditable journal of all transactions related to purchase and sale of energy and waste. With all parties to each transaction being able to see the same ledger entry, costs of reconciliation and potential issue of disputes and revenue leakage are controlled to a very large extent.
This will standardize two industries that are yearning for technological innovation. This will also enable 4NEW Coin to become the global currency between peers and consumers for all energy and waste services.
|The 4NEW Coin Utility Analysis|
It is our projection, that the first year of operational status in 2019 should result in a total demand of 75 Million USD worth of 4NEW coins. This trading volume will facilitate a very liquid, stable and fluid market for our coins. As the demand for 4NEW’s goods and services grow, so does the demand for 4NEW Coins leading to increased liquidity.
With the ability to increase energy output capacity at 4NEW plants each year, there will be new supply of energy introduced into the marketplace. Therefore, 4NEW will always have transparency and visibility of supply available of its goods and services which will enable us to determine the demand for our goods and services. This transparency and constant demand will facilitate a stable price with a liquid trading volume for the 4NEW Coin.
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