Restart Energy MWAT is a cryptocurrency token that powers the peer-to-peer energy trading platform of Restart Energy. The platform, operated by Restart Energy Democracy (RED) Platform, aims to revolutionize the energy sector by enabling consumers to trade energy directly with each other, using blockchain technology.
MWAT stands for MegaWatt Token, and it serves as a medium of exchange within the RED Platform. It allows users to participate in the decentralized energy market by purchasing and selling energy directly from renewable energy producers or other consumers. This peer-to-peer system eliminates the need for intermediaries and aims to provide cheaper and more efficient energy solutions.
The Restart Energy MWAT token is built on the Ethereum blockchain, using ERC-20 token standard. This ensures compatibility with various wallets and exchanges that support ERC-20 tokens. The token has a total supply of 485 million MWAT.
By utilizing blockchain technology and smart contracts, Restart Energy aims to create a transparent and secure energy marketplace that benefits both producers and consumers. The RED Platform also includes features such as energy data analysis and renewable energy certificate issuance.
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