[ANN][TOKEN]RED (MWAT) - Energy Trading Platform by EU Provider. Presale LIVE.

[obsbtc]

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

It wouldn't be long until another one is released...

[DashingCrypto]

RED's Presence on Telegram can be found here:

1.) Official Group
2.) News Channel
3.) Trading Group

Come by and say hello!

[HODLtheLINE]

An update today from RED CTO Vali Malinoiu in the Official Telegram channel:

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.

[obsbtc]

Armand recently brought great news to the Telegram channel, have you seen them?

[DashingCrypto]

Restart Energy has a YouTube channel! Give it a subscribe!

[Boqueron]

For its purpose this is one of the most interesting projects that I've ever seen in this forum. I wonder: which is the stage of development? I don't see any traces of fundrasing in the website. Thanks!

Hi there, the platform is in Beta mode right now.

Toke sale has completed.  Feel free to join our Telegram, for all the updates:
https://t.me/RestartEnergy

Thanks! I'll soon read the whitepaper in order to obtain some further information. If possible I would like to ask you which is the expected ROI for token holders in this moment. Thank you!

Hello Sevinpays and thanks for your interest. Staking isn't live at this point. During this month, the team intends to start a beta staking process, which will allow them to test live how the staking will behave. Read more about the latest updates on the mechanism: https://blog.restartenergy.io/vali-march-2019-update-e13fd35c571a

Can you disclose how much you raised on your token sale? Do you think you can develop this platform without encountering any problem in terms of financial aspect?

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''

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.

Good point, as those keeping an eye on the space are seeing some of the big names in crypto having to turn to austerity measures to survive the crypto winter. FYI, Restart seems to be in a very healthy position, as they turned over an estimated $50,000,000 in revenue in 2018 according to this blog post:
https://blog.restartenergy.io/red-2018-year-in-review-54b7630bafc1

[obsbtc]

The community is waiting for your feedback and discussion!

[DashingCrypto]

Check out the Restart Energy News Channel for the latest from the team!

[HODLtheLINE]

Did you see that Christian and the Electric Tour were featured in the biggest audience newspaper in Romania earlier this month?

Check out the article.

[obsbtc]

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

[DashingCrypto]

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

A must read, for sure!

[obsbtc]

The Team send out great posts every once in a while! Be sure to bookmark their blog: https://blog.restartenergy.io/

[DashingCrypto]

Make sure to "Like" RED's Facebook Page!

[HODLtheLINE]

In case you missed it, did you see this huge news?

Restart Energy, the company behind RED, is now a supplier of last resort SoLR in Romania.

[Boqueron]

The team let us know that an update is to be released shortly:

Vali will have a bigger update later today regarding the platform and what's next down the line, make sure you don't miss it!

https://t.me/RestartEnergy/191162

[obsbtc]

Have you had the chance to check Vali's latest update? It's a big one!

[DashingCrypto]

Want just the latest from the RED team?

Check out the RED Announcements Channel. Only news, straight to your device!

[rafzalan]

where is the official git repository?

[Ascoldtut]

where is the official git repository?

RED is not open source. However, For the complete list of issues/bugs/improvements you can view the github here: https://git.swazm.com/red

[HODLtheLINE]

Take a look back to this great step in August 2018:

Considering that our external affairs are constantly developing at a fast pace, we took the initiative and strengthened our position as a top supplier within our home country by signing a gas contract with none other than ENGIE Romania!

Read the full article on our Medium:
https://blog.restartenergy.io/restart-energy-signs-gas-contract-with-engie-romania-7a8d7e46c8e6