Topic: [ANN][TOKEN]RED (MWAT) - Energy Trading Platform by EU Provider. Presale LIVE. - page 7. (Read 56371 times)

Some Sunday reading, did you check Vali's update on the broker system?

A huge funding indeed! I believe there should be no problem with the actual deployment of their system as they are well-funded if the figure is true. Very few projects can attain such feat in terms of financial freedom so I hope the team will use the those funds wisely.

Hello Everybody,
As we announced on Friday, we are here with an update in regards to the broker system (what is it, how it works, and why do we need it). As a broker you have the ability to stake and receive KWT for staking and also trade MWAT/KWT on the exchange, like any other exchange in the crypto world, we are required to do KYC to our brokers, Its something that is necessary and I am sure that most of you understand that. In order to remove any other confusion, the broker functionality is not limited to Romania, and it will never be, there's also a change request filled in our git.

 It might sound to like an Franchise type account so we decided to change the description to just trading account, to avoid confusion for everybody.
 
- in regards to security audits we have some offers, still investigating/waiting for others, unfortunately it's nothing that we can do into that direction except waiting.

-like we mentioned last week, meters are getting installed as fast that we can, but as you most of you know, some of the parts that we require are still being shipped, but the meters that we already have are being installed in production/consumption locations all over the country but it's on the location schedule not our schedule.

- consumers and producers can now add different consumption/production points with different legal entities but same group, this is fully functional in both the mobile/web app.

-as we do real time energy matching and the connection from the producers/consumers is not always reliable, we've devised a system that will do that matching even if we don't have a connection.

-one other big thing that happened this week, is that in order to control and maintain everything we need a custom tailored back-office system, to manage support/KYC/AML/producers/consumers/ so we've been building that for a while now, and we did several updates to it this week.

Vali's updates are always rather interesting, looking forward to the next one?

Great question. Yes, RED had a token sale earlier in 2018 which sold out and raised 30M USD. I will use the quote to ensure you that the team is well-funded and actually profitable to deliver a great product.
"We became the fastest growing independent energy company in an European Country by tapping into the vast potential of micro-entrepreneurship and creating new jobs with the Restart Energy franchise. Restart Energy ICO is a black swan event for energy monopolies, it’s history in the making. By buying RED MegaWatt Tokens, you get an opportunity to participate in a great business success story while making money in the process. Moreover, 20 million USD was reported in 2018 for the year past. For 2018 the team will publish the report publicly in May, 2019''