Restart Energy Democracy

Restart Energy Democracy / RED is an energy provider on the blockchain. It is designed and backed by the European Unions fastest growing private energy provider, the RED platform will have 27,000 households and 3,000 SME's (Small Medium Enterprises) ready to go from day one. RED is a licensed energy supplier from the European Union, and is the Fastest growing energy company in Romania. They have 30,000 paying customers with $20M revenues for 2017. As you may know Bitcoin uses energy consumed to create the coin (Proof of Work), the RED token represents virtual storage of energy. It has a capacity of 1 MWh/token fully charged. The tokens are sold with initial charge of 0,11 kWh/token. The transactions on the RED platform will be done using KW tokens. Each 1 KW token will be equivalent to 1 KWh of energy and it will be purchased by the users of the RED platform with crypto and fiat currencies in order to be consumed or sold on the RED platform. The RED MegaWatt Token holders will receive KW tokens proportional to the number of RED MegaWatt Tokens owned.

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The RED platform will allow consumers to buy energy directly from producers, cutting out the middle man / men. With the aid of blockchain this will be transparent and secure. They will be using Ethereum based smart contracts. Energy customers are estimated to save 30% on energy costs. It will also aid small renewable energy producers to get finance. There will be opportunities to trade on their RED-P platform peer to peer, and also create a franchise under the RED-F platform so that you can sell energy and gas to retail customers.

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Taken from the Whitepaper - How is Electricity traded now?

At present, electricity is traded through exchanges or over-the-counter transactions (OTC). In many markets, more than 75% of the electricity volume is traded over the counter. As a result, bids and offers are managed by financial brokers, and therefore, are often executed outside of exchanges. This, in turn, reduces the visibility and transparency of the transactions. In addition, the centralized model of trading with a small number of large-scale energy companies dominating the market further limits improvements toward visibility and transparency of trades.

Presale starts 15th Jan 2018, ending on 12th February 2018. Bonus of 20% will be given for orders over $10k. The main Token Generating Event, will start on 14th February 2018 and will end on 14th March 2018. Day 1 bonus will be 15% with each day the bonus reducing by 1% down to 0%. 500 Million RED MegaWatt Tokens will be created with one RED MegaWatt Token worth $0.1 dollars (10 US cents). ETH and BTC contributions are possible. Restart Energy will operate with a two-token model, the RED and KW tokens, with each token being ERC-20 compliant.