As per our second update, we held a Q&A session on Monday, April 23rd, from 3 PM GMT. From now on, our core team will be holding these two times per month, in our Telegram channel.

Many community members asked for a summary, so we've made one for all those that missed it live.

Team members in this Q&A:

Armand Doru Domuța — CEO & Founder

Mihai Herman — PR Director

Denis Rouă — Chief Editor

Can you tell us about green certificates? And do we get any?

Armand: Green certificates will be awarded in the form of cryptographic tokens at a rate of 1 Green Token/1 MWh of green energy consumed.

The Green Tokens will be crypto tokens in ERC20 or other format so they can be listed and traded.

When big exchange?

Mihai: As per our previous messages, we can’t comment on exchanges and comply with the US Securities Department at the same time. If we do, our company and your contributions are at risk. We know that other companies comment on these kind of things, but we believe it’s safer this way. We have approached this project with a long-term view and, as you've seen in our recent update, the team is strongly focused on expanding to new markets, opening franchises, signing new partnerships and hiring new team members.

However, it was imprudent of us to release a date that was not fully under our control.

How many franchise offers u received after ICO till now?

Armand: We received more then 300 franchise request from more than 20 countries as far as i know without having the sheet in front !

Hi, this question concerns energy producers and their relationship to the RED platform. I know a number of energy suppliers who would be happy to partner with RED but the buying of MWAT is a challenge especially as crypto is not widely utilized in some regions. The direct selling of energy in the form of KW tokens that are redeemable for cash however is extremely appealing and can reach out to a very broad range of energy suppliers. These could be ‘accredited’ suppliers for the RED platform. Is this a possibility to sell without buying MWAT?

Armand: You are correct that we need to create additional channels to enter the platform and this is why users will be able to access the platform with FIAT (card payment of MWAT ) or Crytpo. Moreover KW tokens on the platform can be purchased with FIAT or Crypto.

hey guys. what kind of energy does RED use? Renewable energy or fossil energy?

Denis: We try to use as much renewable energy as possible — all our acquisitions have been and will be in clean energy sources — however, it isn’t yet possible to supply a country purely with green energy. Do bear in mind, however, that Romania has a high percentage of green energy in its energy grid — 42.29% in 2016.

At what stage of development is the RED platform currently at?

Armand: We are preparing a BETA version launch in June with selected producers from our portfolio in Romania.

RED Regional Franchise — allows token holders to broker energy sales in an entire region of their country of residence — is a ‘Region’ defined differently from country to country? Eg in Australia is that a State?

Armand: In a “continent” country like Australia, a region would be a state.

Could u consider showing us, the community, alpha or beta version of platform, so we could experience how it looks, even if it’s not finished yet or have bugs. If no, maybe u could take some photos and show us in some article how it looks and describe it briefly.

Armand: Definitely, we are considering to organize an international event for the launch of the Beta Version !

Is there any additional definition about TRS?

Armand: After the Beta is launched we will prepare a survey for the TRS and afterwards decide on it.

Concern platform: Are we ahead of schedule, on time or we will have some delays for platform to be ready?

Armand: We are moving forward according to schedule !

When do you think the Restart team may make the names of their blockchain developers public, if they will?

Armand: Please check the latest update where we released the names of some key developers in our team.

I am interested in opening franchise in Romania cause that’s the first place red will start. However I am a foreigner but can apply for business visa and do legal stuff on my own. Is there any initial investment estimate for type A or B franchise cause I will need to quote concrete figures to immigration.

Armand: That’s great but do you have any local resources like personnel or management capacity?

I can always recruit local staff and I can come work as well for few months.

Armand: You are more then welcome to join us !

Where do you see red in 10yrs armand?

Armand: I see RED everywhere i go :) because it’s a free marketplace that will change the way energy systems work for the better. Each time a free marketplace is created, it unleashes stored potential.

Restart energy works on the RED platform which will connect different energy producers with clients. So why do u need energy power on your own ? Will this energy be contributed to RED loyalty program (1–5% of the monthly energy from producers)?

Armand: 10% of the annual production of our own power plants will go to the RED Loyalty System.

The initial token charge of 0.11. How will this be allocated?

Armand: In order for users to receive their bonus charge they have to send their MWAT to the platform smart contract and the platform will automatically assign you the bonus rights.

Will RED platform customers need to have a smart meter to use the platform?

Armand: No. They can use the platform with regular meters.

If all MWAT locked for franchises, in the end who will get benefit from the 1–5% energy pool?

Armand: MWAT franchises can use their locked tokens to provide access to the RED Platform for their customers as a swith incentive.

When you send MWAT to the platform and get the initial bonus, you send your MWAT back to your wallet and then back again to the platform for a extra bonus?

Armand: If you transfer your MWAT out of the Platform you will lose the bonus !

The latest update has given much needed boost in the group. How is RED looking at current competitors in the Crypto space.

Armand: Well can you tell me which one of our competitors has one single customer ???

Electrify Asia is the one “Founded by two senior executives from the Singaporean energy industry in early 2017, ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the energy market. With a GMV of over SGD$5 million to date, ELECTRIFY has transacted more than 30GWh of electricity for business consumers since incorporation.ELEC is a token formed from an existing business in a rapidly expanding market.”

Armand: Electrify Asia is not an energy supplier ! It’s a broker for big consumers, there’s a big difference. The supplier is the heart of the system because it’s the counterparty for all the other parties in an energy system.

Concerning expansion: In how many countries are you present now? In how many countries will u be present till the end of 2018?

Armand: RED is present in Romania, Serbia, UK, Singapore, Germany, Spain and soon Italy, Hungary, Bulgaria, Australia, France, Netherlands, Austria, Slovakia.

Will the RED platform take care of registration of platform customer information, or is that something the franchise has to take care of?

Armand: The RED Platform will have an online switching mechanism installed !

I live in an area plagued by a single power company. The solution for this area is to decentralize the power generation and allow people to sell their extra electrons on a platform. I think MWAT can be this. However, do you think it would work on a single household power generation level, a little like AirBnBing your solar panels?

Armand: That’s the ultimate goal… couldn't have said it better myself “Airbnb for energy prosumers”.

Ok thats awesome. But I am missing some detail of how to get there from the present method of hooking up with energy producers. Are you developing hardware that someone installs in their house? How is it even possible to get past the power company monolith

Armand: Can i ask in which country are you living ?

I live on an american island

Armand: The RED Platform is designed to work in deregulated energy markets.

Choices seem to be 1) work with govt to deregulate. 2) create new microgrids. Does RED offer help with this?

Armand: The plan for RED is Step 1 — Launch RED Platform to connect consumers with producers and trade energy — 2018 ; Step 2 — Introduce Crowfinance Module for Developers of new renewable power plants Step 3 — introduce marketplace for installers and equipment manufacturers.

By launching a marketplace where third parties like certified solar installers or energy equipment manufacturers can sell their services we greatly increase the outreach of the platform !

Will we have more definition on the TRS before staking the tokens to the platform? As I understand locking them up on the platform means you cant rent them, and renting them means you cant stake them. Is this correct? Would like more details on the TRS to figure out if staking or renting will be a more viable decision. Thanks.

Armand: Yes in Q3 2018.

Since RED has registered in Singapore, what’s the next major plan in Singapore? Is there already energy producers in Singapore interested in RED?

Armand: RED is already in the licensing procedure for supplying electricity in Singapore. It seems we will be 1 of 5 or 6 companies there with a supply license to end consumers. The market is recently deregulated for households.

Australia 2020 or has that been brought forward?

Armand: We are actively looking for business partners in Australia.

Don’t forget to make everything GDPR compliant 😉

Armand: We are a personal data operator and we need to be GDPR compliant !

Still planning on meeting with NEO?

Mihai: Yes, as per our article.

To access RED platform, one must be resident in franchised energy market. correct?

Armand: To consume energy, Yes.

Denis: You can access the RED Platform from anywhere on Earth. However, you can only receive energy from RED if you are in a franchised/RED-connected market.

What about trading energy? Does residence matter?

Denis: It doesn't. The energy you have is your energy, so you can trade the rights to it from anywhere.

What is the growth potential in being partnership with FBI AG joint ventures with China company?

Armand: FBI is in a JV with Hebei Jing’an Biomass Energy Technology, a big Chinese listed company that is owned by a very influential person. You need a local partner to do business in China where the market will undergo deregulation in a few years.

The over dependence on BTC is making the product updates negligible. We understand Red is no exception to this but in the long term whats your view ?

Armand: This dependence will decrease when we launch the card payment on the platform so you can buy MWAT with FIAT.

Why producers need to buy MWAT tokens in order to access REDP? isn’t this considered upfront cost for producers to own MWAT token other than donating 1–5% to energy pool?

Armand: That’s the way it’s designed.

Then how much MWAT tokens they need to own to access? Is there minimum requirement?

Armand: 1 MWAT for each 1 MWH/month traded.

Does Platform and its functionality will be like energy trading, like internal exchange (not crypto) but energy ?

Armand: You will be able to trade MWAT, KW tokens and Green Certificates on the Platform.

Does an investor need to reside in a country within your scope of operation to get a franchise?

Armand: Not necessarily, but he needs to prove management capacity in the target country.

How far along is development on the platform? Is plan for release on track for Q3?

Armand: Development is on track.

How are u all going to market

Armand: We are marketing the platform as an energy supply service.

why is the github so empty?

Denis: Because RED is a closed-source project.

Armand: The platform is not open source. We cannot give so many details because we don’t want to teach our competition.

How much fund is remaining after all the recent acquisitions ?

Armand: Everything is carefully planned so that we can reach maximum potential for the RED Platform.

If i have on my own solar panels of 40kW, and lets assume that u are already present in my country, will i be able to sell energy using your platform ?

Armand: Yes.

and if u are not present in my country ?

Armand: No.

Armand: Our team will soon announce the creation of a new MWAT support channel for our most dedicated supporters. This channel is specially designed so that we can coordinate efforts for various activities together with our biggest fans !

Will you have any surprises for us, i mean some kind of information which we do not expect ? 😊

Armand: You bet we will !

REDP has the fund raising capability for new startup producers? If yes, how?

Armand: Crowdfinance mechanism through Ethereum smart contracts on a new module on the RED Platform. The smart contract keeps the funds and releases based on certain stages of the project development !

Let’s say you want to become a producer : 1) you create your project based on location and technology 2) you create the fundraising campaign 3) you raise the necessary amounts 4) the funds are distributed based on success stages to accredited installers or EPC’s only after completion so that we make sure that the investors get their energy.

Who will contribute to the fund raising and what is the benefits to be one of the fund contributor?

Armand: That will depend on each project location, technology, etc…

Hi Armand very good to see you here! is there already a planning for a vote for the TRS system?

Armand: More news on the TRS after the BETA.

For TRS, community here had quite a few suggestions before this. Were those suggestions being taken into consideration?

Armand: We will prepare a survey before the TRS.

Why do u meet with CEO of NEO : ) ? any details : ) ?

Armand: We are working on creating the real value through business while trying not to neglect certain short term “interests”.

Will Germany be available this year ?

Armand: That’s a main target for RED !

Any further insight available on the UK front, I have seen the company registration at companies house etc.

Armand: RED is working with the most experienced utility consultancy company in UK for taking over a licensed supplier !

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We thank our RED community for providing the questions and keeping their quality high. See you in two weeks for another Q&A!