As usually in my reviews I will first present the very basic data about the project itself and then I will proceed to my pros and cons followed up by a short verdict. If you want to learn more about MWAT, head to the website (https://restartenergy.io/) as with this article I’m aiming only to review the project — for more complex description of its features please do your own research. Enjoy!

The Basics

Starting with the price and supply:

And following that up with the details:

I highly suggest reading the white paper available on the website to fully understand the points I will be making in the following parts of this article.

Without further ado — let’s begin!

The Good

• First of all — already working company with over 20M in estimated revenues from over 3k companies and 27k private customers using it (with new applications from all around the world coming in constantly). They are actively expanding to other markets and recently added several new team members with 4 blockchains devs among them (v. important step, more on it later). Head and shoulders above other ICOs that are gathering money on the basis of their whitepaper.
  RED Update #1: Restart Energy Expanding on All Fronts

https://blog.restartenergy.io/red-update-1-restart-energy-expanding-on-all-fronts-41cc676d06b3?gi=b4fd49fca7dd

• Token utility — one of the best utilities I’ve seen recently, with tokens being backed my real energy, instead of only being fuel to the whole platform. Their recently added renting system counters price volatility and brings more advantages to both companies and token holders (tokens will be available for renting in ETH instead of buying all the necessary MWAT supply at once in their Franchise model)

• Alpha version of the platform is planned for the end of this month

• Team’s good sides — I like the business core of the team — a lot of experience in their respective areas also from entrepreneurial POV. Good diversity of positions, well established fundamentals from Armand Group. Advisors are from very different branches, especially interesting is Mr. Sorin Ivan, a member of MEP for 9 years now. Can’t complain here, a really solid bunch.

• I am generally bullish on blockchain in energy industry. It tackles monopolistic approach and definitely could be disrupted with the right system. That’s ofc outside of increasing renewable energy usage rate which would find its place in an open platform like this.

• The team tries to please not only future clients/users but also traders. Refreshing to see that instead of “don’t buy this token for speculation purposes, it’s not meant to be an investment opportunity (hey sweetbridge)”. They are aware of price fluctuation and are looking for solutions that wouldn’t disrupt their system, and they are planning to do that without manipulating or pegging token price.

• It’s still under the radar although community is not small. A lot of bagholders in there crying for news but the overall feel is good, they got solid support from current investors

• Right now at 17M valuation — I expect this to AT LEAST match POWR marketcap (almost 10x from here) and probably exceed it in mid to long term. Same goes with WPR, there is no reason why it should currently be valued above MWAT imo

• Although the technical roadmap could more detailed, they have an expansion plan in place

• Not yet on any significant exchanges (biggest one if KuCoin)

The Meh

• Energy markets are probably more deregulated than people realize but overall regulations still pose a threat to clean expansion. WP’s analysis of world’s market is convincing but it’s nowhere near the advantage as they definitely will meet obstacles on their road to enter other markets.

The Bad

• Team’s bad sides — they are lacking more significant blockchain experience (from technical side). The current structure is good for their previous operations but with entering into this market I expect a little bit more than blockchain consultants in there. Good thing, as I’ve mentioned before, they are currently hiring new devs.

• The competition — even tho they are the only decentralized platform already working, they will still have to compete with number of other companies both in crypto (once they roll out their products, also promising) as well as outside of it. It’s a tough market and I expect a lot of resistance before it opens up massively to a tech that new in comparison to how currently people are buying their energy.

• The idea is really ambitious — I already am impressed by their results up to this date but they are still mostly working in their home country of Romania. Real challenges will start with expansion once the platform is up and running. Too many people take the idea for granted — it’s a very long-term project with the end goal of disrupting the industry. Nothing wrong with that, goals should be ambitious, just pointing out there are many risks of this meeting some reality checks as every other innovative company would.

The Verdict

I am having this as one of my “gems” for upcoming alt season because it’s simply severely undervalued. Both as a competitor to POWR WPR etc as well as a project overall. The sole fact of the company already bringing revenue, having steady partnerships and thousands of users should put this above majority of crypto projects (if crypto had any common sense, it doesn’t). I like the potential of the team, their current developments, its low cap and under the radar position. Most of the risks are associated with their further development so with no current red flags I am giving myself a green light to make this one of my bigger positions.

Cheers!

Did you like this review? Follow me on my twitter and telegram for more:

https://t.me/cryptorangutang

https://twitter.com/cryptorangutang

Want to support my work?

Tipjar ETH: 0x461f53bf50ea0a0b4647eca391bfda6996510bca