Restart Energy (MWAT)

Restart Energy (MWAT) widget

ICO date: 22.01.2018 - 22.01.2018
Product Type: Ecosystem
Industry: Energy & Utilities
Description:

The Restart Energy Democracy Platform connects energy producers and traders with retail customers around the globe in a transparent, decentralized manner that creates value for all the parties.

Features:

Restart Energy is a private gas and energy provider based in Romania. Their RED-P project (Restart Energy Democracy Platform) is a global blockchain-based decentralized energy supply platform. 

Registered RED-P consumers and producers will get access to global energy supply, intelligent Wi-Fi meters, watt prediction software and P2P energy exchange. Consumers will also receive Restart Energy green certificates. 

Restart Energy issued RED MegaWatt tokens (MWAT). The tokens are batteries backed by minimum 0,11 KWh of active energy. The Restart Energy tokens holders will be able use them to pay for energy or sell it to other RED platform participants. The platform, however, will use another proprietary KW (1 KWh of energy) token for internal transactions. MegaWatt token holders accessing the RED platform will get KW tokens each month. 

Restart Energy expect their blockchain-driven ecosystem to help reduce the costs and eliminate difficulties associated with bureaucracy and monopolists. Thus, Restart Energy team also offer MegaWat token holders the option to obtain Restart Energy Franchise so that they could develop their own power retail business and get revenues. 

Founded: Hungary
Website: restartenergy.io
Basic review: Basic review
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
NA
Hype score
High 3.5 / 5.0
Risk score
Medium

Post-ICO

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Post-ICO Rating


1
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Restart Energy Basic Review
26.01.2018
The ICORating Agency gives the Basic Review of the Restart Energy Project.

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