Topic: [ANN][TOKEN]RED (MWAT) - Energy Trading Platform by EU Provider. Presale LIVE. - page 33. (Read 56434 times)

The price of the token is not exactly on the horse. Probably lower can already go since everyone sold out. I'll stay until the victorious, the project is worthwhile. This is if bitcoin continues its fall. Honestly, I would not want to. And so I have too many unprofitable altcoys, including ed.

Agreed with you progress of this platform is very positive which make this more promising and they are working to establish partnerships and expand this network to other countries too. I also really impressed to see the approach of the team they will make it the best.

I can't wait for the platform to launch and see what is all about, if the hype was indeed good for this or with just for nothing, but I'm pretty confident that the platform will be good even if at the start it won't have so many functionallities I'm sure it will get a lot of updates.

I was there when Vali came and responded to some of our questions, he managed to calm down some angry people by doing this it gave us some good answers about the platform. Great job done by him and I can't wait for the platform to launch and to see how great will be.

It's really nice to see that there is so much work involved in this project and the team is really doing it's best to do a great thing with it. Thanks for sharing the great news!

The last Red Update #3 was very comprehensive. This Guinness World Record Electric Tour seems to be a perfect idea to popularize Mwat platform across Romania and the globe. The circumstances are favourable for Mwat platform: government subsidize installing of solar PV's, and customers will be able to sell/buy mined Mwat on Red platform. Real blockchain application in our society.

Hey gij
Thank you for sharing your insights with us.
As of now, MWAT will remain an ERC-20 token. The collaboration with SWAZM  doesn't change the original hybrid model of the RED-P.

The report have a lot technical details, thanks for sharing.
My understanding is
1- SWAZM  have a fully operational product, it is closed source and private, and it will host KWAT token.
2- With the help of SWAZM it will be possible for RED-P to interchange data by other popular chains using special smart contracts.
3- SWAZM will provide enough performance on its computational layer for P2P energy trading.
I am not %100 sure that MWAT token will move from Ethereum to a new blockchain or not, What is your point?

We have decided to publish the update our CEO Armand Doru Domuța posted on Thursday to our Medium, together with a transcript of the impromptu Q&A that Vali Malinoiu (our Head of Blockchain) held the following day - for your convenience.

To make matters more clear, we have also gathered relevant answers given by the team following said statement.

Read the full article on our Medium:

https://blog.restartenergy.io/red-update-3-a-brand-new-blockchain-bb1710284e98

4th Korean translation has been posted on Medium for all you RED army folk, check it out!

Restart Energy와 AmaZix가 전략적 파트너십을 발표하다 (https://blog.restartenergy.io/restart-energy%EC%99%80-amazix%EA%B0%80-%EC%A0%84%EB%9E%B5%EC%A0%81-%ED%8C%8C%ED%8A%B8%EB%84%88%EC%8B%AD%EC%9D%84-%EB%B0%9C%ED%91%9C%ED%95%98%EB%8B%A4-24a216865cb6); translation of Restart Energy & AmaZix Announce Strategic Partnership (https://blog.restartenergy.io/restart-energy-amazix-announce-strategic-partnership-49c5b33b0247).

Another delay, but I expected it.

SWAZM is an unknown, but I guess we will find out next week what they can do. Looking forward to the demo.

Hello everyone !
It's only take 5 minutes to inform the community, MWAT will have the opportunity to list on "Aiodex" and registered members will be free of trading fee in the first year. That is wonderful thing.
I hope you will inform to your community. Thank...!
-> https://aiodex.com/vote/MWAT
-> https://discord.gg/RvhvdZq

The opportunity we all have in front of us is huge. I am so waiting for platform launch. Thanks for the amazing work!!

There is no set date for the beta, however we will be launching the first stage of the platform as a referral-based beta, where participants will be awarded MWAT based on the number of people they bring to the platform.

The decision to move to SWAZM was due to security and Scalability issues.
Using the SWAZM Compute Layer (SCL), RED-P will be able to scale and iterate faster to millions of clients, while providing an extra layer of security by encapsulating each and every service into a SWAZM container, so that even those that have access to the hardware that the platform is running on will find it extremely difficult to compromise the process.

This means team have decided to build a custom blockchain in partnership with SWAZM team, how much this decision will alter the time line?

SWAZM? Strange decision! This project even do not have a complete working website, no product!
Can't understand 

 Armand is making a video with the CEO of SWAZM which will be released in the coming days, so I would imagine that when most of your questions will be answered. Check out the Telegram community for the most up to date information - https://t.me/RestartEnergy

Looks interesting, I cant find anything about Swazm platform, what is it?

UPDATE FROM CEO ARMAND DORU DOMUTA


Dear RED community,

As some of you may be aware, I have traveled to Bucharest and had several meetings with our tech team. Following these, there have been several major developments that I would like to share with you.

First and foremost, there will be a video podcast within the next week, where I will be giving a tour of the platform as well as discussing further announcements and details with our Bucharest team. I will also present our new Head of Blockchain, new dev team members, as well as a new Lead Architect.

Following this, we will be launching the first stage of the platform as a referral-based beta,  where participants will be awarded MWAT based on the number of people they bring to the platform.

Additionally, due to security issues and a desire for greater transparency on our network, we have decided to move RED-P to a new blockchain. Therefore, it is our pleasure to present our newest partner: SWAZM (http://www.swazm.com/) - a blockchain infrastructure platform designed specifically for the distribution, management, and scalability of decentralized applications. Using the SWAZM Compute Layer (SCL), RED-P will be able to scale and iterate faster to millions of clients, while providing an extra layer of security by encapsulating each and every service into a SWAZM container, so that even those that have access to the hardware that the platform is running on will find it extremely difficult to compromise the process. Furthermore, using the SWAZM Data Storage Layer (SDSL), RED-P will be able to use a custom blockchain in order to decentralize its last centralized piece of information - the KWT - so that our clients will be able to see the exact flow of transactions and the KWT produced & traded.

Furthermore, in order to secure the transfers that take place on the RED Platform, we will use a custom blockchain solution that will represent the basis of each and every transaction taking place on RED-P - using a suite of smart contracts and a hardware device to isolate the keys that the RED Platform will use, we will provide tightened security and improve the safety of user accounts & wallets, as well as our own company wallets that facilitate transactions between MWAT/KWT/ETH/BTC.

Taking this into account, we felt that a referral-based beta was required in order to sufficiently stress-test the upgraded framework, as well as onboarding as many new users to the platform as possible before the full launch.

Bearing all this in mind, functionalities on the RED Platform will be gradually released in synch with the stages of the Guinness World Record Electric Tour that we are organizing - 24,000 km driven entirely by electric car, throughout Romania; a greener country, km by km - and powered by RED Platform Users  in collaboration with the internationally renowned McCann Erickson advertising agency.

In light of the recent adoption of prosumer-friendly legislation in Romania, the campaign accompanying the world record attempt will be focused on attracting new customers to our platform, specifically our new solar kits and crypto mining rigs with finance and special RED subscriptions - these will enable customers to become prosumers and to use the surplus energy generated throughout the day between the two peaks (morning and evening peaks) when household consumers are not consuming the entire production for 'mining' MWAT, that can be used to pay their electricity bills or buy services on the RED Platform - the mining rigs will mine different cryptocurrencies and the users will receive MWAT in their RED accounts. Both solar kits and mining rigs will enable consumers to become prosumers powered by solar energy - both increasing energy independence and decreasing their carbon footprint.

To this end, we will be announcing an important partnership with an expert in all things solar in the near-future - a company that synergizes superbly with who we are, on both a corporate and personal level. The full details of this partnership will be, as always, brought to you via our Medium, once the time is right.

We have also extended the scope of the platform by offering a zero fee exchange component that, at first, will be offering pairings for MWAT/BTC, MWAT/ETH, MWAT/USD, MWAT/EUR, MWAT/RON. Whilst this function will not initially be available on the beta, we intend to have it fully developed by the time the platform goes live.

Finally, we have been examining from both a legal and technical standpoint, options for including a new service on the platform, one that has been gaining considerable traction within the energy service sector, making the platform more attractive for other energy suppliers to participate in. More details regarding this will be disclosed at a later date.   

Regards,

Armand Doru Domuța

CEO Restart Energy