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.
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.
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.
Yes. Once the smart contract is created!
Unsold token will be burned (they will never be generated/minted from the smart contract).
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.
Your MWAT Tokens give you access to trade up to 1000 KW Tokens/Month on the RED Platform Software.
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.
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.
Calculated LIVE on our platform.
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.
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.
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.
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.
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.
You will get energy and profit from running the franchise business.
Yes! On the first-come first-served principle, if the area isn’t reserved already.
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.
NO CONTENT OF THIS WEBSITE, NOR ANY LINK OR DOCUMENT ON THIS WEBSITE ARE A PUBLIC OFFER OF A SECURITY OR ANY OTHER FINANCIAL INSTRUMENT IN RELATION WITH ANY COMPANY INCLUDING THE RESTART ENERGY DEMOCRACY SRL OR IT’S PARTNERS. THIS WEBSITE OR THE WHITEPAPER OR ANY OTHER ASSOCIATED CONTENT DO NOT CONSTITUTE OR FORM PART OF ANY OPINION ON ANY ADVICE TO BUY, SELL, OR ANY SOLICITATION OF ANY OFFER BY THE PROVIDER OF THE MWAT TOKENS (THE “TOKEN PROVIDER”) TO PURCHASE ANY MWAT TOKENS NOR SHALL IT OR ANY PART OF IT NOR THE FACT OF ITS PRESENTATION FORM THE BASIS OF OR BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR INVESTMENT DECISION.
THE SALE AND TRANSFER OF THE MWAT TOKENS WILL BE PERFORMED BY RESTART ENERGY DEMOCRACY SRL. THE PROCEEDS OF SALE OF THE MWAT TOKENS WILL BE DEPLOYED TO FUND THE HEREIN DESCRIBED CRYPTOCURRENCY PROJECTS, BUSINESSES AND OPERATIONS. NO PERSON IS BOUND TO ENTER INTO ANY CONTRACT OR BINDING LEGAL COMMITMENT IN RELATION TO THE SALE AND PURCHASE OF THE MWAT TOKENS. ANY AGREEMENT AS BETWEEN THE TOKEN PROVIDER AND YOU AS A PURCHASER AND IN RELATION TO ANY SALE AND PURCHASE OF MWAT TOKENS (AS REFERRED TO IN THE WHITEPAPER OR THIS WEBSITE) IS TO BE GOVERNED ONLY BY A SEPARATE SET OF DOCUMENTS SETTING OUT THE TERMS AND CONDITIONS (THE “T&CS”) OF SUCH AGREEMENT. IN THE EVENT OF ANY INCONSISTENCIES BETWEEN THE T&CS AND THE CONTENT OF THIS WEBSITE OR THE WHITEPAPER, THE T&CS SHALL PREVAIL .YOU ARE NOT ELIGIBLE AND YOU ARE NOT TO PURCHASE ANY MWAT TOKENS IN THE RESTART ENERGY INITIAL TOKEN SALE (AS REFERRED TO ON THIS WEBSITE OR IN THE WHITEPAPER) IF YOU ARE A CITIZEN, RESIDENT (TAX OR OTHERWISE) OR GREEN CARD HOLDER OF THE UNITED STATES OF AMERICA, THE PEOPLE’S REPUBLIC OF CHINA, SOCIALIST REPUBLIC OF VIETNAM OR A CITIZEN OR RESIDENT OF THE REPUBLIC OF SINGAPORE. NO REGULATORY AUTHORITY HAS EXAMINED OR APPROVED OF ANY OF THE INFORMATION SET OUT ON THIS WEBSITE OR IN THE WHITEPAPER. NO SUCH ACTION HAS BEEN OR WILL BE TAKEN UNDER THE LAWS, REGULATORY REQUIREMENTS OR RULES OF ANY JURISDICTION. THE PUBLICATION, DISTRIBUTION OR DISSEMINATION OF ANY CONTENT OF THIS WEBSITE, THE WHITEPAPER OR ANY LINKED CONTENT DOES NOT IMPLY THAT THE APPLICABLE LAWS, REGULATORY REQUIREMENTS OR RULES OF A SPECIFIC COUNTRY HAVE BEEN COMPLIED WITH. THE RESTART ENERGY TOKEN SALE WEBSITE OR WHITEPAPER, ANY PART THEREOF AND ANY COPY THEREOF MUST NOT BE TAKEN OR TRANSMITTED TO ANY COUNTRY WHERE DISTRIBUTION OR DISSEMINATION OF THE WHITEPAPER IS PROHIBITED OR RESTRICTED. NO PART OF THE WEBSITE OR WHITEPAPER IS TO BE REPRODUCED, DISTRIBUTED OR DISSEMINATED WITHOUT INCLUDING THIS SECTION.
THERE ARE RISKS AND UNCERTAINTIES ASSOCIATED WITH THE MWAT TOKEN SALE, RESTART ENERGY DEMOCRACY SRL AND IT’s PARTNERS AND/OR THE TOKEN PROVIDER AND THEIR RESPECTIVE BUSINESSES AND OPERATIONS, THE MWAT TOKENS, THE MWAT INITIAL TOKEN SALE INCLUDING THE LOSS OF VALUE OF THE ISSUED TOKEN WHICH CAN RESULT IN A COMPLETE LOSS OF IT’S VALUE.
II. DISCLAIMER OF LIABILITY
TO THE MAXIMUM EXTENT PERMITTED BY THE APPLICABLE LAWS, REGULATIONS AND RULES, THE COMPANIES OF THE RESTART ENERGY AND/OR THE TOKEN PROVIDER AS OPERATOR OF THIS WEBSITE SHALL NOT BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL OR OTHER LOSSES OF ANY KIND, CONTRACT OR OTHERWISE (INCLUDING BUT NOT LIMITED T LOSS OF REVENUE, INCOME OR PROFITS, AND LOSS OF USE OR DATA), ARISING OUT OF OR IN CONNECTION WITH ANY ACCEPTANCE OF OR RELIANCE OF THE PRE-SALE, INITIAL TOKEN SALE OR THE WHITEPAPER OR ANY PART THEREOF BY YOU.
III. JURISDICTION AND LAW
ANY CLAIM OR LEGAL CONFLICT ARISING FROM THE PRE-SALE, THE TOKEN SALE, THIS WEBSITE OR THE WHITEPAPER OR ANY ASSOCIATED MATERIAL OR LINK DISPLAYED ON THIS WEBSITE OR INFORMATION OFFERED OR GIVEN ACCESS THROUGH THIS WEBSITE OR ANY ASSOCIATED MATERIAL SHALL BE GOVERNED BY THE LAWS OF ROMANIA AND THE COURTS OF ROMANIA SHALL HAVE THE SOLE AND EXCLUSIVE JURISDICTION.