Frequently asked questions

Working way:

How does RED work?

RED MWAT Token is an ERC20 digital cryptographic utility token issued by Restart Energy Democracy, using blockchain technology that gives access to the services provided on the RED Platform Software and the RED Franchise. This will be achieved thanks to the new service offered by Restart Energy Democracy worldwide, RED platform.

RED Platform

The RED Platform Software is a blockchain based decentralized platform for Peer to Peer direct energy trading between consumers and energy producers worldwide. RED platform is the platform where users (and Restart Energy clients) can log in and trade (buy; sell) energy directly P2P (peer-to-peer), in a decentralized and easy to use manner. Users can get access to Restart Energy services, also obtain and use electricity.

RED Franchise

The RED Franchise is the first power retail franchise that makes it simple and easy to start and operate your own power utility company. Allows token holders to develop its own power retail business and earn revenues by selling energy to retail households and business consumers RED franchise is the business opportunity that owners of RED MWAT can get access to. It is an innovative, tested and working idea that is growing in a rapid manner. The energy franchise brings the decentralized world of energy one step closer to the free market in energy sector.

Use of RED MWAT Token?

Do we generate all tokens at once?

Yes. Once the smart contract is created!

What happens with unsold MWAT Tokens?

Unsold token will be burned (they will never be generated/minted from the smart contract).

Will it be secondary (non-RED-P) trading exchanges for RED and KW token?

MWAT Tokens are received in your ETH wallet and they are used to access RED platform. You can sell or buy them on any of the secondary (Non-RED platform) markets that will start listing MWAT.

Can I refill any time my MWAT token with energy at a preferred price?

Your MWAT Tokens give you access to trade up to 1000 KW Tokens/Month on the RED Platform Software.

Am I limited to use the MWAT token for a certain market?

You can access the RED platform from anywhere in the world and use the P2P energy exchange, however Restart Energy can only deliver electricity in countries where the company will be licensed as a private energy supplier or where a Type A RED Franchise is deployed.

Can I pay my bills with energy stored on the blockchain?

Yes! That is the basic functionality, among others. The KW Tokens that you purchase on the RED Platform represent units of energy that will be deducted from your energy invoice if you are a customer of Restart Energy or of a RED Franchise.

If I choose to pay my bills using the KW tokens where I can find conversion rate?

Calculated LIVE on our platform.

Are MWAT Tokens consumed if I use or sell the associated KW tokens?

MWAT Tokens are not consumed or used if you use or sell the associated KW Tokens. Think of MWAT like “virtual batteries” and KW Tokens represent units of energy that fill up the MWAT Tokens accounts.

How can I obtain/use Green Certificates?

Consumers holding RED Tokens will automatically receive 1 Cryptographic Green Certificate for each 1 MWh consumed from renewable sources. The green certificates will be tradable on a secondary market on the RED platform and companies/contributors around the world will have access to purchase them in order to support renewable energy consumption/production and reduce their carbon footprint.

Use of RED Platform?

If I 'consume' MWAT Tokens do I get one time KW 'fill' on RED platform?

RED MWAT Tokens grants you access on the platform (FREE), as you consume the energy in the form of KW Tokens that is deposited in the batteries, not the batteries itself.

If I keep MWAT Tokens (on RED platform) will I get a monthly / yearly KW 'fill' on MWAT Tokens?

Yes, monthly your RED MWAT Tokens accounts will receive KW tokens provided by the producers as a fee for accessing the RED Platform. In order for this electricity to be consumed, the token holder has to be an energy customer of Restart Energy or a RED Franchise.

Can I sell RED MegaWatt Tokens on the platform at any moment?

Yes, on secondary markets! Restart Energy will provide access to the RED Platform to its existing 30,000 customers only if they own RED Tokens. Owning the tokens gives access to a P2P global energy exchange platform. Restart Energy won’t buy the tokens back.

Use of RED Franchise?

What type of resources will be received as benefit from a franchise?

You will get energy and profit from running the franchise business.

Can I upgrade a city franchise to regional/country later in time?

Yes! On the first-come first-served principle, if the area isn’t reserved already.

How will I benefit from an externalized service of purchasing electricity?

Just like everybody benefits from free market principles, you will find the best prices on the decentralized network, but even better, you can optimize your energy costs by purchasing directly from producers and choose the renewable sources you want to promote.

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