RED ENERGY DISRUPTS THE MARKET WITH A BLOCKCHAIN -BASED ENERGY TRADING ECOSYSTEM FOR A SUSTAINABLE FUTURE

RED (Restart Energy Democracy) is a blockchain powered platform backed by Restart Group, a European energy provider with $20 million in revenues. The company was built with a view to democratize the energy sector and eliminate the dominance of legacy monopolies in the energy world RED aims to become the leading global energy supplier by innovating and democratizing the industry

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 blockchain.

Restart Energy is setting up a decentralized energy trading platform based on blockchain technology (Restart Energy Democracy platform or RED-P), which will enable anyone to trade energy using the tokens or fiat currencies in any deregulated energy market in the world. This will revolutionize the way people purchase their energy needs and the way energy producers sell their production.

The proposed platform in its very nature will provide the following benefits:

• Power to the people: everyone will be able to register, buy, sell, consume and trade the RED MegaWatt Tokens on the crypto-energy trading platform.

•  Open an entirely new market: facilitate and secure a transparent peer-to-peer exchange and contribute to developing cryptocurrencies as a payment instrument increasing demand.

• Restart Energy will also be able to provide delivery and offtake or purchased and sold energy.

The long-term goal of Restart Energy is to create a transparent, low-cost, and decentralized energy market based on the MWAT Token. The platform will work as a global integrated energy services platform for retail energy customers, energy producers, and suppliers.

Blockchain technology makes it possible for energy networks to be controlled through smart contracts, and customers, therefore, have the option to pay for energy using cryptocurrencies. Due to the elimination of intermediaries, greater transparency and flexibility, and lower transactions costs, energy prices are significantly decreased for consumers. Besides that, blockchain technology also provides the basis for transparent control of metering, billing and clearing processes.

 ADVANTAGES OF BLOCKCHAIN TECHNOLOGY IN ENERGY

Blockchain technology has the following inherent advantages

Data cannot be tampered or forged. Nothing on the blockchain can be changed without the consensus of the network. Any confirmed transactions on the blockchain cannot be changed. ü

 Permanence: What happens on the blockchain stays on the blockchain. A public blockchain will act as a public ledger, meaning that as long as the blockchain remains operative, the data on it will be accessible.

Removal of intermediaries: The P2P nature of the blockchain does away with the need for intermediaries and users to interact directly with one another. With the removal of intermediaries and the distributed ledger being updated in real-time by the miners, any data inputted on the blockchain is transmitted and stored automatically.

Decentralization of consensus: With no central authority acting as a clearinghouse for transaction validation, the effort required to reach consensus is shared between the miners.

Transparency Public blockchains can offer full transparency of the transactions carried out on the network while safeguarding the privacy of its users through pseudonymity since only the transacting addresses are shown. ü

Speed: Blockchain results in a much faster process than a centrally controlled ledger. ü

Lower costs: The removal of intermediaries will result in lower transaction costs.

Security: With the encryption through cryptography, no one other than the sender and recipient can access the data sent across the blockchain.

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.

RED MegaWatt Token’s Utility (MWAT) The RED MegaWatt Tokens are the first tokens backed by real energy and business opportunity. Each RED MegaWatt Token has a storage capacity of 1 MWh. Restart Energy will allocate an initial charge of 0,11 KWh per RED MegaWatt Token. The amount of energy stored in each RED MegaWatt Token will continue increasing overtime. The RED MegaWatt Token is an “energy battery”. Think of a battery as a mean to store energy. The RED MegaWatt Tokens will act like batteries accumulating ever growing quantities of energy transferred by renewable energy producers and suppliers in exchange for access to the RED platform.

Public pre-sale of MegaWatt Tokens will start on January 15^th, 2018

About RED

RED (Restart Energy Democracy) is a blockchain powered platform backed by Restart Group, a European energy provider with $20 million in revenues. The company was built with a view to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include 400% growth since 2016 and a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month.

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. RED-MWAT are crypto tokens that enable virtual storage of electricity and will facilitate the development of clean affordable energy.