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.
From my understanding - depending on the project - they will work with current grid providers for on-the-grid electricity.
For example, the ones trading electricity from utilities companies will work with those companies and the government to trade. So they essentially act as a middleman, or a platform, to trade the energy while the transfer is performed by the utility companies. In that sense, it's not totally decentralized, but still a step in the right direction.
The ones trading Solar energy cut out the middleman - typically government - in order to trade P2P.
There are variations/hybrids of both of these ideas but that's the general concept. I am bullish on all of the major energy projects (restart, suncontract, power ledger, wepower, etc) as I think that blockchain energy trading will be HUGE in the future. I generally don't cheerlead for one particular project since they all are a little different in different locations.