Restart Energy ICO Review – An Overview
Restart Energy is building a global energy supply platform using blockchain protocol to democratize a sector burdened by bureaucracy and transaction costs, freeing up capital, saving consumers money, helping local small producers earn more, and allowing a real peer to peer direct energy trading using existing infrastructure.
So, let’s dive right into a detailed review of Restart Energy’s ICO.
Restart Energy is the fastest growing private energy and gas provider in the EU with $20mm annual revenue, servicing 27,000 households and more than 3,000 SME’s and multinational corporations. It’s a licensed energy supplier from the European Union.
Crypto tokens enabling virtual storage of energy are sold at an initial charge of 0,11 kWh/token. The global decentralized energy supply platform, with peer to peer capability, enables consumers to buy energy directly from producers which helps energy consumers save 30% on energy costs.
Owning RED MWAT tokens gives it access to the RED franchise to resell energy provided by RED. It currently has more than 300 franchises in Romania.
Distribution of tokens
Allocation of Funds
RED PLatform development
Armand Domuta, CEO
Renato Doicaru, COO
Cristian Bogdan, CFO
Andrei Avram, CTO
Plus 10 other people on the team
Advisors, top 3:
Catalin Ivan, member of European Parliament
Vlad Trifa, IOT expert
8 others on the advisory board
They are partnered with:
Energy partners include:
EuroGSM (Orange Telecom Dealer) + InterBroker + GRS + AMVV
Undoubtedly, the energy distribution market is being disrupted by the Blockchain with numerous projects being developed in 2017. Restarting franchise approach is novel and has potential to allow people to access the energy market, to earn a return.
This democratization of energy will bring new investors into the space and will grow the market as a whole, whilst also making distribution more efficient from a resource and capital allocation perspective. Having an advisor from the European parliament is advantageous, but it may yield a marketing strategy and probably not any particular deal flow from the EU.
ANN (16 December 2017)
That concludes our Restart Energy ICO review. So, are you planning to invest?
Let’s talk in the comments!
Feature image by Geralt