Restart Energy Democracy (RED) is a Blockchain-Powered Platform
About Restart Energy
Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with $20 million in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month, and it’s impressive growth: 400% in 2016 and 425% in 2017.
Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform, based on its proprietary virtual balancing system, that uses A.I, Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens. MWAT are crypto-tokens that enable virtual storage of electricity and will facilitate the development of clean affordable energy.
Restart Energy, which is building a blockchain-based ecosystem for P2P energy trading, in decentralized countries and regions, has received a prestigious award from the Timis County Regional Chamber of Commerce. Based on its growth and performance in 2016, it was named Largest Energy Supplier in Romania’s Western Region.
Restart Energy’s goals aim at creating an efficient, cost-effective, and sustainable way of meeting future global energy demand. These goals will be accomplished through Restart Energy’s peer-to-peer, fully decentralized energy transfer platform and RED MWAT tokens, that will store real energy and can be traded by individual customers.
Blockchain technology allows for energy networks to be controlled through smart contracts, and customers can pay for energy using cryptocurrencies. As intermediaries are gone, the system creates greater transparency and flexibility. It will also lead to lower transaction costs and reduce energy prices for consumers. In addition, blockchain technology will also provide the basis for transparent control of metering, billing, and clearing processes, when dealing with electricity.
For our users and contributors, this will bring with it the following features and improvements for our RED MWAT token:
continuous liquidity — convert any token at any time, no matter how many buyers or sellers there currently are, regardless of trade volume
instant conversion between cryptocurrencies and community tokens — all through the simple-to-use Bancor Web App
no price spread between buying and selling different currencies
predictable and transparent price slippage
Given this opportunity, we would like to remind potential contributors that our public pre-sale (20% off USD 10,000+ purchases) will begin on the 15th of January 2018 and end on the 12th of February 2018, followed soon after by the start of our Initial Coin Offering (15% off, going down by 1% per day) on the 14th of February 2018 and ending on the 14th of March 2018.
During the ICO, we will generate roughly 500 Million RED MWAT Tokens — a number we’ll adjust to make a RED MWAT Token worth USD 0.1 (10 US cents). From the number of generated tokens, we will issue 80% to be sold during the ICO, and out of those 80%, 2% will be allocated to the Bancor-compliant Token Relay (effectively ~8 million RED MWAT tokens). The Token Relay will be activated between 7 to 14 days after the MWAT distribution. You can join the Restart Energy community here.
Official Restart Energy Link :
Profile Bitcoin Talk :