Start Energy envisions a vibrant, sustainable world where affordable energy is created and consumed by anyone anywhere. The mission is to become the leading global energy supplier, innovating and democratizing the sector.
– Raise 30 million USD, in order to finish RED development and expand globally
– Expand energy retail business by franchising to +45 countries with deregulated markets, representing 70 percent of the world’s energy consumption through 2022
The RED MegaWatt Token holders may trade the tokens on exchanges or access the platform and consume or sell that energy to other users. Access to the RED platform will be granted with RED MegaWatt Tokens. The RED MegaWatt Tokens are necessary to access the RED-Platform and can be used to access the RED Franchise. In addition, the tokens will be listed in the popular cryptocurrency exchanges where it can be traded freely.
RED MegaWatt Token
The RED MegaWatt Token will be issued by Restart Energy in the TGE (Token Generation Event) and will carry an initial charge of 0.11 KW Tokens/MWAT, that the holder may choose to consume or trade on the RED platform together with the energy related rights. The RED MegaWatt Tokens are necessary to access the RED platform software and the RED franchise. In addition, the tokens will be listed in the popular cryptocurrency exchanges where they can be traded freely. The KW energy tokens contained in the MWAT tokens will be replenished evenly from the Community Energy Fund on a monthly basis in the token holder accounts.
The transactions on the RED platform will be done using KW tokens. Each 1 KW token will be equivalent to 1unit of energy and it will be purchased by the users of the RED platform with crypto and fiat currencies inorder to be consumed or sold on the RED platform. The RED MegaWatt Token holders will receive KW tokens proportional to the number of RED MegaWatt Tokens owned.
– will be created roughly 500 Million RED MegaWatt Tokens. One RED MegaWatt Token worth $0.1 dollars (10 US cents).
– Issued: 80% of the coins will be sold in the TGE (token generation event)
– Team: 12% will be kept by the team in a lockup structure for team incentivization
– Advisors : 5% will be given to advisors in a lockup structure
– Bounty : 3% will be awarded for the Bounty Program