The RED platform is a social energy platform designed to revolutionize the way each of us interacts with energy; RED offers everyone the possibility to #earn from energy through the only 100% digital Energy Selling Franchise on the market;
The RED franchise is a Web and Mobile application that allows any individual and legal entity in the European Union to open a “business in its own virtual
energy community” and earn money from the sales and monthly consumption of electricity and natural gas with the help of friends and contacts.
It’s up to you. We offer all the support so you can convert your phone contacts and social networks into energy contracts that will bring you money on a monthly basis.
Consumers – Individuals
Legal entities – Companies
Who have potential customers, both individuals and companies, and want a business or line of business in the field of energy sales without the risks and complexity of providing these services.
The first 6 months are free in order to be convinced. After 6 months you will need to have a minimum amount of MWAT depending on the size of the franchise.
See more here
In order to apply for a RED franchise, you need to upload a set of documents or data as follows: ID card copy, a recent selfie with ID card; bank details – bank and bank account, location details: country, region, city; name surname; franchise name. If the franchise is managed by a company, the company’s data are required: name, registration number at the Trade Register, VAT number, copy of the registration certificate, and notarial power of attorney or copy of the deed of attestation proving company legal representation.
The RED franchise offers the right to grant commissions generated from the sale of 1 MWh energy for every 1 MWAT staked during the operation of the valid franchise. The franchise can be granted locally (city), regionally (county), or nationally.
For example, a local (city) type franchise by initiating a stake of 10,000 MWAT gives the franchisee the right to collect a commission for a maximum consumption of 10,000 MWh / year. In order to receive a higher commission, the franchisee must increase the amount of MWAT in the stake and, in case the consumption exceeds the MWAT requirement in the stake, there will be a request to upgrade the franchise to allow only a higher number of consumers and a volume of increased commission.
Having a sufficient amount of MWAT, it is possible to apply for RED Franchise that will allow an additional income from the sale of energy services. In order to grant the franchise, it is necessary:
10,000 MWAT – for the City type franchise – which offers the possibility of intermediating energy contracts at the local level of a city
100,000 MWAT – for the Regional type franchise – which offers the possibility of intermediating energy contracts at the county level
1,000,000 MWAT – for the National type franchise – which offers the possibility of intermediating energy contracts at the country level
~ 10,000,000 MWAT – for the Master type franchise – which offers the possibility of intermediating energy contracts at country level as well as the possibility of creating sub-franchises within the country where it was granted (the amount of MWAT required being higher or lower than 10 mil MWAT depending on the size of the population of the country concerned)
For the first 6 months, the franchise will be a free trial. The applicability of those mentioned will take place at the end of the trial period.
Yes, the number of franchises that can be granted is limited in each country to a maximum of 1 franchise per 10,000 inhabitants.
The franchise is granted for a 12 months period from which the first 6 months are for trial. Intermediating the sale of as many supply contracts as possible will consequently attract a higher value commission.
The validation process lasts between 24 and 36 hours, and, regardless of the status, a response will be received on the email address registered in the platform.
Once the franchise is validated, you will receive access to several special offers for resale energy services. Everything can be managed through the platform, taking over the offers, customizing them, and offering them to the end customers.
Once the sales process has been completed, the supplier who initiated the offer will take care of all the related administrative elements. The franchise operator will be able to focus strictly on the sales process.
RED Energy Suppliers can access millions of potential new customers converted via many RED V-LEC virtual franchises around the world. You earn new clients at a small cost compared to typical fees paid to an energy broker. Enter the profitable market of micro volumes, household consumers, and SMEs!
RED uses advanced Blockchain and IoT technologies to provide vendors with functionalities unique in the market.
RED Pay – The unique payment collection platform for suppliers that allows consumers to pay scheduled energy bills in both FIAT and digital currencies (Bitcoin, Ethereum, MWAT)
Blockchain Transparency – Offer your consumers 100% transparency by recording the most important events from the interaction with them on Blockchain (issuing and paying invoices, consumption, notifications)
Carbon Footprint – Certifies on the blockchain the energy mix provided, offering consumers the unique possibility to calculate their carbon footprint;
Demand Response – View, incentivize and control in real time consumer’s consumption curve from your portfolio (Service available only with RED IoT Sensors and Gateway)
REO-G Trading – Consumers can purchase REO-G digital tokens directly from manufacturers that certify the origin of renewable energy on the Blockchain recordings
Green Certificate – With a digital Green Certificate, you can prove on a public blockchain that you are a sustainable company that supports the production of renewable energy as well as the amount of CO2 avoided in the atmosphere. Your business partners, customers, and suppliers will be delighted to work with a sustainable company and to check this information publicly at any time.
Consumers, in addition to the best price they benefit from, have at their disposal a digital platform where they can check any time the details of the supply contract, energy consumption, access bills and payments made, quickly make payments for due bills and, if necessary to discuss with the assigned account interlocutor.
Additionally, if consumers want to display the real-time consumption within the application, they can request the installation of a RED smart meter.
MWAT / ECF / Staking
MWAT is an ERC-20 digital token created by Restart Energy Democracy on the public network Ethereum in order to allow access to the functionalities of the RED platform. The number of MWATs is limited to 500 million tokens.
With the help of MWAT, you can access the following functionalities on the RED platform: a) You can get a local, regional or national franchise
- b) Works as a virtual battery for REO-G storage (1 MWAT can store 1 REO-G)
- c) It can be used as the currency for the acquisition of REO-G
- d) It can be transferred to other users of the platform
- e) It can be stored and withdrawn from a personal ETH wallet
- f) It can be traded on the RED Exchange with other pairs of tokens
- g) Allows obtaining a role of RED Validator
- h) Allows staking* for benefits
- i) It acts as a virtual battery for the amount of energy that the consumers of a RED franchise can consume, having the ratio of 1 MWh / year for 1 MWAT owned by the RED franchise
* staking is an action by which the MWAT token is freeze for a period of time through the RED platform in order to obtain additional benefits
The address of the MWAT token can be found below: MWAT – ERC20 Token :
Through MWAT staking, users can get benefits in REO-G from ECF, can get the right to receive a V-LEC Franchise, can get the right to store REO-G, the amount of MWAT staked can determine the size of the franchise in terms of total annual energy in MWh according to the formula 1 MWAT staked = 1 MWh / year.
No minimum MWAT value is required. The stake can be initiated with any available MWAT.
ECF is the abbreviation for Green Energy Community Fund. Users of the platform can initiate a stake for a limited period of time and, at the end of the period, will receive a quarterly benefit in the form of REO-G. Producers, based on historical production not older than 12 months, can request the issuance of REO-G. 5% of the requested REO-G will be donated to the ECF fund and will be distributed to token holders who have chosen this form of benefit.
A RED validator is an entity with professional experience in the field of renewable energy that has the right to verify and validate REO-G requests from green energy producers.
The validation right is granted exclusively to a single entity per country based on a stake of 10 Mil. MWAT and by passing with a minimum grade of 9 out of 10 an exam with the theme Renewable Energy.
Yes, each RED Validator will be rewarded in MWAT for each validation performed.
MWAT can be purchased from the RED platform or from external sources through the agreed exchange.
MWAT can be deposited in the RED platform by accessing the special Ledger menu, completing the requested data, and saving the request. Once this step is completed, it is enough to transfer the amount from the personal wallet, and the deposit will be completed in a short time.
MWAT can be withdrawn from the RED Platform by filling a withdrawal request. Being a token, withdrawal is only possible at the personal ETH address that will be specified when the withdrawal request is completed.
The MWAT available in the RED platform can be subject to initiating a stake by accessing from the main menu – the Stake option.
Each staked MWAT confers REO-G storage rights (1: 1 – 1 MWAT ratio = 1 staked REO-G).
Also, a Franchise can sell as an amount of energy directly proportional to the number of MWAT staked according to the rule 1 MWAT staked = 1 MWh sold.
Any user can perform staking for a minimum period of 90 days. The reward is calculated based on the dynamic bonus: when a user initiates an MWAT stake, the percentage is calculated between the amount to be allocated for the stake and the total MWAT stake – the percentage is applied to the ECF value.
MWAT can be sold through the platform exchange or through agreed external ones.
The RED platform has as an option an internal exchange that allows trading of the available MWAT and REO-G tokens. Possible trading pairs are MWAT / REO-G, MWAT / BTC, MWAT / ETH, MWAT / USDT.
REO-G? or a GreenToken is a non-fungible ERC-721 token issued on the public Ethereum blockchain that certifies the origin of energy produced from renewable sources. Each REO-G? has a unique identifier and contains the details provided in the European RES Directive (2009/28 / EC) related to guarantees of origin. Manufacturers can obtain on the RED platform 1 REO-G? for every 1 MWh of Green Energy produced. REO-G? is valid for 12 months, after which it expires, and during this time, it can be used only once by companies to reduce their carbon footprint.
The specifications of the REO-G – ERC 721 token are:
a) It is generated by claim only by renewable energy producers
b) 1 REO-G means that 1 MWh of renewable energy has been produced
c) It is the green attribute of energy and is stored in the MWAT virtual battery according to the formula 1 MWAT allows the storage of 1 REO-G
d) It can be sold by the Producers through the RED Platform Marketplace
e) It can be transferred to other users on the RED Platform
f) It can be traded on the RED Exchange
g) Can be withdrawn and kept in a personal ETH wallet.
Once you have received REO-G, you can hold or sell on the RED Exchange for MWAT or Ethereum to companies or individuals who want to use it to reduce their carbon footprint.
The value of a REO-G is directly related to demand and supply on the RED Exchange.
Companies or individuals who want to obtain a “Green Sustainability Certificate” from RED will need to own and send REO-G to RED to initiate the process.
It’s very simple, register now on the RED platform, or download the application here, and in a few minutes, you will be able to have your first REO-G.
The mint of REO-G can only be requested by the Producer, based on the historical production not older than 12 months.
A third party with the role of RED Validator – verifies the accuracy of the request and approves or not the REO-G mint.
REO-G can be used only once to obtain a “Green Certificate of Sustainability” on RED, and the action of issuing the certificate will lead to the disappearance of the REO-G token from the electronic wallet. At the same time, when issuing the “Green Certificate,” a unique link and a QR code will be generated for companies that can post it on the site, Facebook, or other digital channels.
The RED platform is intended exclusively for producers of renewable green energy, registration being possible at any time.
In order to register as a producer, you need to upload a series of data as follows: company details: name, registration number at the Trade Register, VAT number, copy of registration certificate, and notarial power of attorney or copy of the deed of attestation certifying the company’s representation from a legal point of view, the registered office address, a copy of the manufacturer’s license, a technical production certificate.
Any producer registered in the platform can request the REO-G – Green Energy Token – mint, which certifies the production of energy from renewable sources and can be sold to consumers in order to transform them into Green Certificates.
A Green Certificate is a way to prove the degree of sustainability of a company by supporting green energy producers in a 100% transparent way through the blockchain developed by RED. Each “Green Certificate” will contain information about the “Company,” “REO-G Number,” and “Quantity of CO2 avoided,” as well as a “Single Serial Number” on the blockchain that is generated with the registration of the certificate and can be publicly be verified on the Ethereum network.
RED does not charge cash fees for issuing green certificates for companies. In order to cover the costs of validating and registering the information on the blockchain, a small payment in MWAT is required.
Any participant with an account in the application can request a “Green Certificate of Sustainability” based on the number of REO-Gs held.
A digital Green Certificate can prove on a public blockchain that the company is sustainable and supports the production of renewable energy and as well the amount of CO2 avoided in the atmosphere. Business partners, customers, and suppliers will be delighted to work with a sustainable company and check this information publicly at any time.
Any user of the platform can benefit from the energy tariffs and can request the closure of a supply contract.
In order to change the actual supplier, it is necessary to upload a series of documents and data as follows: name, surname, address, copy of identity card, a selfie with identity card, copy of recent utility bill, and copy of property documents or power of attorney, as appropriate. If the consumer is a legal entity, the company’s data are required: name, registration number at the Trade Register, VAT number, copy of registration certificate, and notarial power of attorney or copy of the deed of attestation attesting the company legal representation.
The supplier change process does not involve any cost from the customer and is done remotely in a fully digital formula.
The whole process lasts between 21-45 days. Once the consumer approves the change agreement, this will allow the new supplier to deal with the related administrative steps on his behalf and with notifications required to be sent to the current supplier.
No interruption will take place due to supplier change. There will be no change to the existing installation, so there is no reason why the supply could be interrupted.
The actual supplier does not have the legal right to penalize a customer in the case of a switch. On the contrary, it is possible to offer a better price or conditions.
The new supplier cannot increase prices during the contract in the context a fixed supply price has been agreed. Any increases that may occur (energy transport, energy distribution, green certificates, etc.) are directly controlled by ANRE (National Energy Regulatory Authority) and affect consumers, regardless of the supplier with whom you concluded the contract.
The requested documents are strictly on behalf of the applicant named; in no case can it be applied on behalf of another person.
In the first stage, the data referring to the native country will be necessary. Later documents are requested to validate the real address.
The validation process lasts between 24 and 48 hours, depending on the number of existing applications.
Once the validation process is completed on the email address registered in the RED platform, a confirmation email will be sent with information about the exact status of the process.
You can report the problem at any time by email to [email protected] or by opening a ticket inside the application.
Following current legislation, the RED Platform cannot accept registered users from the following countries:
|Central African Republic||Papua New Guinea|
In order to be a valid document, the last utility bill must not exceed 3 months from the date of issue.
Blockchain is a decentralized public registry (database) on the Internet to which data can only be added and read but cannot be deleted or modified. This public register is composed of blocks in which multiple transactions are recorded. Growing linearly, each new block connecting to the previous one like a chain was called Blockchain.
It is an internal RED Blockchain where all the actions/transactions of users present on the platform are registered. The information is transparent, traceable, and verifiable at any time while maintaining the confidentiality of personal data also.
It is a viewing interface where RED users can check transactions using Wallet ID / Hash ID