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Announcing the launch of the RED platform – the first token CO2 blockchain clearing system

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/ EIN News / – TIMISOARA, Romania, October 01, 2021 (GLOBE NEWSWIRE) – Restart Energy, one of Romania’s well-known independent electricity and natural gas providers, is delighted to announce the launch of the platform RED – the first tokenized CO2 offset sustainability system on the market.

The RED platform aims to help businesses and individuals become sustainable by increasing the production of green energy, putting in place incentives to increase the consumption of green energy as well as developing and supporting sustainable projects. RED supports the UN Sustainable Development Goals by initiating and promoting sustainable projects based on blockchain technology.

The RED Platform is the first blockchain-based CO2 offsetting and sustainability system designed to revolutionize the way businesses and individuals interact with energy and CO2 offsetting systems, while engaging producers and consumers of renewable energy. Since its inception, RED has always focused on innovation and sustainability, opening new avenues for a greener planet. The company started developing renewable energy projects in 2010 and later became one of the largest solar developers in Romania. The launch of the RED platform is scheduled to begin on October 1 – a world first.

“Our company has saved millions of tons of CO2 in the atmosphere by providing clean, renewable energy to our customers. Last year we even received the Guinness World Record for the longest trip with an electric car. in one country. Today we are launching a sustainability revolution, a platform destined to become a global market and business ecosystem for sustainability, engaging both individuals and businesses to participate and to free up previously untapped value. ”- Founder and CEO of Restart Energy, Armand Doru Domuța

Value and recognition is the real motto of the RED platform. Built on cutting-edge blockchain technology, the RED ecosystem allows individuals, businesses to calculate their carbon footprint, claim token carbon credits for their positive environmental actions, and burn the credits in exchange for unique sustainability certificates under the form of NFT on the blockchain. It is fully compatible with Ethereum. Thus, users can withdraw tokens issued on the RED platform to their private Ethereum wallet, but with 1000 times lower power consumption, zero emissions, near zero gas fees and up to 300,000 transactions per second.

The RED platform offers exceptional solutions to CO2 emission problems through the following means:

  • It offers an incentive to green energy producers through the CO2 offset system by offering free green certificates of origin, REO-G tokens.
  • It rewards users for using green energy.
  • It offers companies the opportunity to reduce their CO2 footprint by supporting green energy producers and other sustainable projects on the platform.
  • The clearing system comes in the form of GTK and REO-G tokens which are issued on the blockchain.

Green Token (GTK)

The Green Token (GTK) is an ERC token that monitors CO2 offsets. They are created for all users who perform green actions based on a rigorous validation program within the RED platform. Buying 1 GTK is equivalent to removing 1 kg of CO2 or any other greenhouse gas such as CH4 from the atmosphere. When a user makes a validated “claim”, RED issues GTK. It can be traded on the RED exchange and withdrawn in Ethereum wallets and third party exchanges. Users can use this token to offset their carbon footprint by claiming a Green Certificate of Sustainability on the RED platform.

Renewable Energy Origin – Guarantees (REO-G)

REO-G, green certificates of origin for renewable energy producers are issued on the blockchain in the form of ERC-721 NFT tokens. Buying 1 REO-G is equivalent to reducing 750 kg of CO2 from the atmosphere. It can also be traded on the RED exchange and withdrawn from a user’s wallet or other exchanges. REO-G acts as a guarantee of origin, ensuring flawless traceability.

Using the platform’s MWAT token, any user can buy RED franchises, buy REO-G or GTK, transfer MWAT to other users, store or withdraw from their Ethereum wallet, or trade it on the exchange. RED.

Saving the earth is all about teamwork. With the RED platform, users can reduce global emissions. RED makes CO2 offsetting rewarding, transparent and accessible to all users by providing a user-friendly environment with minimal overhead for consumers and businesses on blockchain technology with an efficient token economy.

RED is poised to expand with the world’s first tokenized franchise trading system, where the entire business is one NFT token that can be withdrawn or sold at any given time. It intends to offer franchises access to simplified blockchain tools to help businesses tokenize everything including any type of business process, contract, artistic creation or information with the Zalmoxis token generator. NFT and the platform’s unique NFT marketplace. Franchises can help organizations launch their sustainable projects or products by creating unique tokens and validation schemes linked to projects. RED will create a liquid token market to reward sustainability around the world, connecting exciting projects with impact investors and sustainable businesses.

The RED platform already has a number of projects underway for renewable energy tokenization, carbon offsetting and even the launch of new ESG tokens. Relying on industry experts who act as validators in the platform, RED will validate the CO2 offsetting of users’ products on the blockchain and provide them with carbon credits for their customers via unique printed QR codes. on each product and a purchase receipt to allow customers to buy back, sell or burn carbon credits on the RED platform.

About Restart Energy

Restart Energy is an independent supplier of electricity and natural gas for individuals and businesses, with Romanian-American capital, established in 2015 in Timisoara, Romania. From its inception, Restart Energy was a company focused on innovation and sustainability. Restart Energy started developing renewable energy projects in 2010 and quickly became one of the largest solar developers in Romania. The company has saved millions of tonnes of CO2 in the atmosphere by providing its customers with billions of clean kWh of renewable energy. They also hold the Guinness World Record for Sustainable Mobility for the longest trip ever with an electric car in a single country in 2020.

Social connections

RED official video: https://youtu.be/XPwkH04aQTw

Twitter: https://twitter.com/REDplatform

LinkedIn: https://www.linkedin.com/company/red-platform

Facebook: https://www.facebook.com/restartenergydemocracy

Media contact

Company: Restart Energy

Contact: Andreea Petrica, Marketing Manager

E-mail: [email protected]

Website: http://redplatform.com/en/, https://restartenergy.ro/

THE SOURCE: Restart energy





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