After the latest success achieved by Restart Energy for its Restart Energy Democracy (RED) platform and MWAT token, we gladly announce the next important step for our company’s future.

Restart Energy’s founder and CEO Armand Doru Domuta has been elected President of the Romanian Blockchain Association — an organization centered around raising awareness of the benefits of blockchain systems and promoting blockchain technologies in Romania and abroad, through various events and presentations.

With over 10 years of experience in the European energy market and a deep knowledge of renewable energy solutions, Armand has developed over 500 renewable energy projects — from greenfield to operation — consistently taking Restart Energy to new heights, with exponential growth in deregulated EU environments and acquisition of new customers at an unprecedented rate.

Under the leadership of Mr. Domuta, Restart Energy is fulfilling its promise of closing the gap between energy producers and consumers, who both benefit from the RED platform and its P2P energy trading opportunities. RED’s innovative platform inherently improves transparency and efficiency, and has inspired many companies to join Restart Energy as loyal partners.

In the current role of the President of the Romanian Blockchain Association, Armand Doru and Restart Energy’s team will continue working towards making energy more accessible and bringing more transparency to the market.

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, and it’s impressive growth: 1700% 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 RED-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 RED MWAT tokens, in order to qualify for the various franchise tiers — the secret to Restart Energy’s award-winning growth as a business!

For more information, please visit the website and read the Restart Energy whitepaper.