Buy energy directly from producers at affordable rates

The demand for energy is increasing every day and it is predicted that the energy needs of the world will double by 2030. Why there is an increased demand for energy? Because of the growing population and the increased consumption of electricity for controlling various devices in our daily living. These days you can't find a house without the following devices and appliances.

• Mobile phone
• Laptop/Desktop computer
• Television
• Refrigerator
• Washing machine
• Air conditioning system
• Microwave oven

All the above-mentioned devices need electricity for their operation. You can't charge your laptop or phone if you don't have electricity. Right?

When you start using more devices that need electricity, the energy consumption increases automatically. The traditional way of energy generation using coal and natural gas is not sufficient to meet the future demands for energy. So, many countries are spending a lot of money on finding renewable energy resources because the existing amount of energy is not sufficient to meet the needs.

Solar and wind power generators are used by many countries as an additional source of energy. But, this kind of energy generation largely depends on the weather prevailing in that location which can't be controlled by a human. Also, solar and wind power generation needs a huge amount of investment as it needs a dedicated infrastructure and the necessary tools to generate the power.

Every individual can take a pledge that they will not waste the energy unnecessarily by switching off all the appliances if they are not used. Is that alone sufficient to meet the growing demand for energy? No. Currently, the electricity generation and distribution are handled mainly by governments and large-scale companies. To increase the production of energy by using renewable energy resources, many countries are allowing private energy providers to enter the market. This option will help to reduce the monopoly of the energy market and invent more ways for creation and distribution of energy.

By thinking forward, Restart Energy, a private energy provider based in Romania is developing a decentralized blockchain based energy platform named RED (Restart Energy Democracy) which enables consumers to buy energy directly from the producers at a competitive rate. They can also sell their surplus energy to other consumers. The main features of RED platform are given below:

• Buy/sell energy using P2P (Peer to Peer)
• Energy storage
• Save up to 30 on energy costs
• Start your own energy business (RED Franchise)

Check out the official website to learn more information about the RED platform and join the telegram group to be always updated.

Instead of just creating a whitepaper, Restart Energy already has a working solution as it is a licensed energy supplier in Romania which provides energy to more than 30,000 houses in the country. If someone needs access to the RED platform, they need to hold the RED MWAT token which will be sold by the company during the token generation event. These tokens can be used to make any kind of energy-related transaction on the RED platform.

Kindly visit the website, the ANN and the Bounty threads for the benefits of RED MWAT tokens and the procedure to buy them.