With the festive season upon us, RED would like to spread some holiday cheer and announce the completion of one the most crucial steps necessary for mass adoption of not only our MWAT token, but also the RED Platform as a whole — namely, the acquisition of an exchange license!

To be more precise, Restart Energy now possesses an exchange license in the country of Estonia and we are looking forward to the day when our customers can purchase MWAT directly from the RED Platform with a credit card! This newest development is part of our ongoing efforts to streamline the process of acquiring energy — not only for the added ease of use it presents but, more importantly, in order to demystify the acquisition of our token from the perspective of non crypto-savvy users and thus open the platform to a broader audience.

To expand on this somewhat: one of the major issues that not only we, but other projects before us have and continue to face, is the difficulty in attracting users that aren't already familiar with the workings of the various and often disparate systems that comprise the crypto-market. For many people, crypto is still something new and, thus, unfamiliar — especially when it comes to how exactly one can acquire tokens.

It can take a good deal of time to do one’s due research on the matter and fully understand the process — something many simply do not have the time or inclination for. This issue is further compounded by age — typically the older someone is the more resistant they become (and the harder it becomes) to learn something outside their already-established knowledgebase.

Being a successful energy company, we already have a sizeable pre-existing customer base, however, many of these are seniors (as is the case with the majority of Romanian energy customers) that will be naturally resistant to new disruptive technologies — such as the ones that we are employing to give everyone involved a better experience and price point.

Thus, our new exchange license is of critical importance when it comes to converting as many of our current customers as possible into RED-P users, by allowing those not familiar with crypto to bypass that portion entirely and participate through the much more straightforward credit card payment option. Of course, it is unlikely that everyone will choose to migrate to the new and more efficient blockchain system, but with such tools as a fiat and credit card gateway in place, we are now better equipped than ever to onboard both our pre-existing customers as well as acquire new clients.

As we can now work on providing our own blockchain-based on-platform exchange, we hope to be able to offer various pairings for MWAT and KWT, including both crypto and fiat options, such as ETH, BTC, EUR, USD, RON, and others. The specific pairings are subject to change based on the viability of each and the implementation required, however, as we expand our reach further and further into Europe, Asia, the US, and beyond, we may also expand MWAT and KWT trading pairs to reflect new economic opportunities open to us.

We are already the first private European energy supplier that offers payment in Bitcoin, so rest assured that Restart Energy will continue to trailblaze ahead of our competition, the monolithic energy companies of yesteryear, that are unable and unwilling to embrace the fundamental changes we so clearly see happening around us.

About Restart Energy

Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD 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 (5,000 new customers in the first two months of 2018), and its impressive growth: 1,700% from 2015 until today.

Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, 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 MWAT Tokens.

The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.

MWAT tokens are crypto-tokens that enable the buying and selling of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, through free-market practices. Upon completion of registration on the platform, an initial loyalty bonus of 0.11 kWh is applied. Producers send out monthly loyalty bonuses through the RED Loyalty System, totaling 1–5% of traded on-grid energy in exchange for access to the RED Platform.

Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!

For more information, please visit our website, our Telegram, and read the Restart Energy whitepaper. Join our announcement channel for updates regarding Restart Energy Democracy.

We invite you to join our RED Platform’s beta and earn 50 MWAT for joining now; refer your friends for even more rewards.