No doubt that this ICO was obviously an overwhelming success already. They won't even reach their public sale phase. That's incredible and the contributions have become faster and bigger over the course of the last few days.
Now RED pre-sale already rised $26.25M! I think that all MWAT tokens will be sold on pre-sale. Really good project for me, look more better than overhyped Wepower. I tjink that pre-sale will finish soon.
This ICO had an amazing run. At the very beginning I wasn't so sure about the idea because I didn't know much about the area they are operating in. But now I can see this go places very soon.
Thank you so much for the support! What aspect of the project interests you the most?
Well, it isn't really a single small aspect of the project, but the whole idea in general. My problem was that although I am a firm believer in decentralization and blockchain technology, I couldn't establish a connection that quickly between the energy industry how it is today and what it could look like thanks to blockchain. I asked myself how the heck would you decentralize the energy ecosystem and I still struggle to completely get it, but I am developing this sense for how it could eventually function. The decentralized trading part is clear to me while I still wonder how one household could actually purchase REAL energy from another household and get that delivered? Aren't you still dependent on those huge energy providers that dominate the market today? Who actually owns the infrastructure that transports energy and are you going to make use of that infrastructure? Despite those questions I have a little bit of a vision that blockchain could do a lot in this space.
Hey SeaSoul!
I hope my answer will be helpful.
The Restart Energy Democracy Platform (RED) connects energy producers and traders with retail customers
around the globe in a transparent, decentralized manner; creating added value for all the parties by employing
blockchain to remove several layers of costs associated with bureaucracy and transaction costs.
By rearranging the way transactions are settled in a transparent manner using blockchain, producers will be able
to sell their energy at a price 30% higher compared to the wholesale price to high numbers of low-volume retail
customers, who will then pay 30% less using existing grid infrastructure and the RED platform administrated by
Restart Energy.
Hello. I have a question about the bounty program. Tell me, who can I contact ?
Hey Earanting.
Please query that on RED bounty channel-> https://t.me/RestartBounty
Hey mme1022, thanks for the explanation. Does that mean that you expect all those energy giants ending up using your platform? Collusion among the large companies could still be a problem, couldn't it?
