V-LEC Franchise

The RED platform is a social energy platform designed to revolutionize the way each of us interacts with energy, the CO2 offset systems and the incentivisation of renewable energy consumers and producers; RED offers everyone the possibility to participate in the first tokenized CO2 offset platform, earn from energy through the only 100% digital Energy Selling and Consultancy Franchise on the market available in a 100% digital format.

The RED V-LEC franchise is the first 100% digital Energy Selling Franchise using blockchain technology in the European Union, developed by Restart Energy.

The RED franchise is a web and mobile application that allows any individual and legal entity in the European Union to open a business in its virtual energy community and earn money from the sale and monthly consumption of electricity and natural gas with the help of friends and contacts. The V-LEC Franchise also allows gaining MWAT from consulting services in certifying the CO2 footprint of individuals and companies and helping to avoid CO2 emissions into the atmosphere.

It’s up to you. We offer all the support so you can convert your phone contacts and social networks into energy contracts that will bring you money every month. As a franchise, you will have this option exclusively when a supplier joins the RED platform in your geographical region.

 

Enter below the number of contacts you have and check how much you could earn:

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Consumers – Individuals who want to develop their own business in the field of energy to obtain a passive source of income from the consumption of energy and gas from their network of friends and contacts.

 

Legal entities – Companies that have potential customers, both individuals and companies, and want a business or line of business in the field of energy sales without the risks and complexity of providing these services.

The income tax is 16% and is withheld at the source by RED, who will declare and pay it at the Romanian State Budget on behalf of individuals enrolled on the platform.

You will collect the commission in RON / Euro in your bank account for the intermediated energy/gas contracts.

RED franchises can be purchased with MWAT.

  • 100,000 MWAT – for the City type franchise – which offers the possibility of intermediating energy contracts at the local level of a city
  • 500,000 MWAT – for the Regional type franchise – which offers the possibility of intermediating energy contracts at the county level
  • 1,000,000 MWAT – for the National type franchise – which offers the possibility of intermediating energy contracts at the country level
  • ~ 10,000,000 MWAT – for the Master type franchise – which offers the possibility of intermediating energy contracts at country level as well as the possibility of creating sub-franchises within the country where it was granted (the amount of MWAT required being higher or lower than 10 mil MWAT depending on the size of the population of the country concerned)

50% of the franchise cost in MWAT is held by RED in payment for the franchise rights and the remaining 50% is returned to the user in the form of an active stake.

Applications for the RED franchise can be made via the platform. Creating an account is a simple process that is subject to subsequent approval once the required documents are sent. Find the entire process inside the application.

To apply for a RED franchise, you need to upload a set of documents or data as follows:

 

  • ID card
  • a recent selfie with the ID card;
  • bank details – bank name and bank account
  • location details: country, region, city;
  • name surname;
  • franchise name.

If the franchise is managed by a company, the company’s data are required:

  • name, registration number at the Trade Register;
  • VAT number;
  • copy of the registration certificate, and notarial power of attorney or copy of the deed of attestation proving the company’s legal representation.

The RED franchise offers the right to grant commissions generated from the sale of 1 MWh of energy for every 1 MWAT staked during the time the franchise is operated.

 

The franchise can be granted at the local (city), regional (county), or national level.

For example, a local (city) type franchise by initiating a 10,000 MWAT stake gives the franchisee the right to collect a commission for maximum consumption of 10,000 MWh/year. 

 

To receive a higher commission, the franchisee must increase the amount of staked MWAT and, in the case that the consumption exceeds the MWAT requirement in the stake, there will be a request to upgrade the franchise to allow a higher number of consumers and a volume of increased commission.

Application for a RED franchise is possible when owning the required amount of MWAT tokens. The franchise will allow you to obtain additional income through energy contracts.

To grant the franchise, the following is necessary:

100,000 MWAT- for the City type franchise, which offers the possibility of intermediating energy contracts at the local level of a city.

500,000 MWAT- for the Regional type franchise, which offers the possibility of intermediating energy contracts at the county level.

1,000,000 MWAT - for the National type franchise, which offers the possibility of intermediating energy contracts at the country level.

Once the franchise is granted 50% of the cost of the franchise in MWAT, it is returned to the user as an active stake.

Yes, the number of franchises that can be granted is limited in each country to a maximum of 1 franchise per 10,000 inhabitants. For example, in a country with a population of 10,000,000 inhabitants, a maximum of 1,000 franchises can be activated.

After the franchise activation, you will receive the NFT ERC-721 token called V-LEC that grants you the right to operate a franchise. As long as you have this token, the franchise rights benefits are activated. 

The validation process lasts up to 72 hours, and, regardless of the status, a response will be received on the email address registered in the platform.

Once the franchise is validated, you will receive access to several special offers for reselling energy services. Everything can be managed through the platform: taking over the offers, customizing them, and offering them to the end customers.

Once the sales process has been completed, the supplier who initiated the offer will take care of all the related administrative elements. The franchise operator will be able to focus strictly on the sales process.

#RED for Suppliers

RED Energy Suppliers can access millions of potential new customers converted via many RED V-LEC virtual franchises around the world. You earn new clients at a small cost compared to typical fees paid to an energy broker. Enter the profitable market of micro volumes, household consumers, and SMEs!

RED uses advanced Blockchain and IoT technologies to provide vendors with functionalities unique in the market.

GTK free tokens - RED’s Green Tokens will be available for any consumer on the platform depending on their supplier’s power mix. Owning 1 GTK means 1kg of CO2 was avoided to be sent into the atmosphere.

RED Pay – The unique payment collection platform for suppliers that allows consumers to pay scheduled energy bills in both FIAT and digital currencies (Bitcoin, Ethereum, MWAT).

Blockchain Transparency – Offer your consumers 100% transparency by recording the most important events from the interaction with them on Blockchain (issuing and paying invoices, consumption, notifications).

Carbon Footprint – Certifies on the blockchain the energy mix provided by the supplier, offering consumers the unique possibility to calculate their carbon footprint based on the energy they consume.

Carbon Footprint Calculator - a complete calculator of personal carbon footprint will be available for users on the platform. They will know how much carbon their daily actions generate and will be able to offset it by buying green tokens on the platform.

Demand - Response – View, incentivize and control in real-time consumer’s consumption curve from your portfolio (Service available only with RED IoT Sensors and Gateway).

Green Energy - customers will have access to suppliers who offer 100% green energy. By choosing this option, users will be reducing their carbon footprint even more.

REO-G Trading – Consumers can purchase REO-G digital tokens directly from manufacturers that certify the origin of renewable energy on the Blockchain recordings. By doing so they will be able to offset their CO2 footprint and upgrade their image as companies contributing to CO2 offset.

GTK Trading - RED users - individuals and companies can purchase GTK digital tokens. A GTK or Green Token is an ERC-20 token that tracks CO2 avoided in the atmosphere through environmentally friendly actions such as renewable energy consumption, avoiding food waste, capturing CO2 from the atmosphere, electromobility,  and other actions. RED grants GTK to consumers for the fraction of renewable energy consumed. A GTK can be used only once by users to reduce their carbon footprint by applying for a Green Certificate of Sustainability.

1 GTK = 1 kg of CO2 avoided in the atmosphere (or equivalent other greenhouse gases such as CH4)

Green Certificates of Sustainability – With a digital Green Sustainability Certificate, you can prove on a public blockchain that you are a sustainable company that supports the production of renewable energy as well as the amount of CO2 avoided in the atmosphere. Your business partners, customers, and suppliers will be delighted to work with a sustainable company and to check this information publicly at any time.

Consumers, in addition to the best price they benefit from, have at their disposal a digital platform where they can check at any time the details of the supply contract, energy consumption, access bills and payments made, quickly make payments for due bills and, if necessary, to discuss with the assigned account interlocutor.

 

Additionally, if consumers want to display the real-time consumption within the application, they can request the installation of a RED smart meter.

MWAT / Staking

MWAT is an ERC-20 digital token created by Restart Energy Democracy on the public network Ethereum in order to allow access to the functionalities of the RED platform. The number of MWAT is limited to 500 million tokens.

With the help of MWAT, you can access the following functionalities on the RED platform:

 

  • You can get a local, regional or national franchise.
  • Works like a virtual battery for REO-G storage (1 MWAT can store 1 REO-G).
  • It can be used as the currency for the acquisition of REO-G or GTK.
  • It can be transferred to other users of the platform.
  • It can be stored and withdrawn from a personal ETH wallet.
  • It can be traded on the RED Exchange with other pairs of tokens.
  • Allows obtaining a role of RED Validator.
  • Allows staking* for benefits.
  • It acts as a virtual battery for the amount of energy that the consumers of a RED franchise can consume, having the ratio of 1 MWh / year for 1 MWAT owned by the RED franchise

* staking is an action by which the MWAT token is deposited for a period of time through the RED platform to obtain additional benefits.

 

The address of the MWAT token can be found below: MWAT – ERC20 Token :

 

https://etherscan.io/address/0x6425c6be902d692ae2db752b3c268afadb099d3b

Through MWAT staking users can:

  • obtain the right to operate a V-LEC Franchise
  • obtain the right to supply energy on the RED platform
  • obtain the right to store REO-G and GTK
  • pay for REO-G and GTK claims

No minimum MWAT value is required. The stake can be initiated with any available MWAT quantity.

MWAT can be purchased from the RED platform or from external sources through the agreed exchange, this being  KuCoin at the moment.

MWAT can be deposited in the RED platform by accessing the  My Wallets  menu and following the steps.

MWAT can be withdrawn from the RED Platform through the  My Wallets menu section.

Staking at this stage (V1) of the application will be available exclusively for obtaining rights for owning a franchise, owning REO-G, and GTK.

When a franchise is acquired, 50% of its price is deposited in stake in the buyer’s account for a minimum period of 1 year.

Each staked MWAT on the RED platform offers the right for users to store REO-G or GTK tokens (1MWAT staked:1 REO-G stored and 1 MWAT staked:1000 GTK stored).

MWAT also needs to be staked in a proportional ratio with the energy consumers brought by a franchise on the RED platform and their consumption: 1 MWAT staked:1 consumer brought and 1MWAT staked:1MWh of energy consumed by them per year.

MWAT tokens can be sold through the RED platform exchange or external exchanges where MWAT is listed.

The RED platform has an internal exchange that allows the transaction of MWAT, REO-G and GTK. The transaction pairs available are MWAT/REO-G, MWAT/GTK, MWAT/BTC and MWAT/ETH. On the RED exchange MWAT tokens can be sold for fiat, that will be transferred in your personal bank account.

REO-G for Producers

A REO-G is a non-fungible ERC-721 token issued on the public Ethereum blockchain that certifies the origin of energy produced from renewable sources. Each REO-G has a unique identifier and contains the details provided in the European RES Directive (2009/28/EC) on guarantees of origin. Producers can obtain on the RED platform 1 REO-G for every 1 MWh of Green Energy produced. A REO-G can be used only once by companies to reduce their carbon footprint.

The specifications of the REO-G ERC-721 token are:

 

a) It is generated by claims only by renewable energy producers.

b) 1 REO-G means that 1 MWh of renewable energy has been produced.

c) It represents a Green Certificate of Origin and can be stored in the wallet on the RED platform according to the formula 1 MWAT staked allows the storage of 1 REO-G.

d) It can be sold by the Producers through the RED Platform Marketplace.

e) It can be transferred to other users on the RED Platform.

f) It can be traded on the RED Exchange.

g) Can be withdrawn and kept in a personal ETH wallet.

Once you have received REO-G, you can hold or sell on the RED Exchange for MWAT or Ethereum to companies or individuals who want to use it to reduce their carbon footprint.

The value of a REO-G is directly related to demand and supply on the RED Exchange.

Companies or individuals who want to obtain a Green Sustainability Certificate that proves the offset of their carbon footprint will acquire REO-G tokens for this purpose.

A Green Certificate of Sustainability is a way to demonstrate the degree of sustainability of companies by supporting green energy producers and consumers in a 100% transparent way on the blockchain developed by RED.

Each Green Certificate of Sustainability will contain information regarding the Entity, Carbon Footprint in Kg CO2/Year, Verified or Unverified, Date of Issue, REO-G and GTK amount and the amount of CO2 avoided in Kg CO2, Carbon Neutrality percentage, as well as a Single Serial Number on the blockchain with the registration of the certificate that can be publicly verified on the Ethereum network.

The Green Sustainability Certificate is issued at the request of GTK or REO-G holders at the same time as burning the related GTK or REO-G from their wallet.

After issuing the certificate, the user can download the related PDF and also receive a download link where the file can be downloaded.

The certificate will be signed by RED.

Note: Verified or Unverified refers to the consultant verification (RED Franchise).

Register now on the  RED platform,  or download the app for  iOS  or  Android, and in a few minutes, you will be able to claim your REO-G based on your renewable energy production.

The mint of REO-G can only be requested by renewable energy producers, based on the historical production not older than 12 months.

A third party with knowledge regarding renewable energy and has the role of RED Validator verifies the accuracy of the request and approves or denies the REO-G mint.

Similar to the Guarantees of Origin, REO-G tokens have a specific expiration date. All REO-G tokens owned by users expire and are burnt from the accounts on January 31st of each year at 23:59h, independently of the issuance date. You need to make sure that you use them for a Green Sustainability Certificate or you sell them to other interested parties before that date.

REO-G can be used only once to obtain a Green Certificate of Sustainability on the RED platform, and the action of issuing the certificate will lead to the disappearance of the REO-G token from the electronic wallet. The Sustainability Certificate will be issued in PDF format. It contains a blockchain serial number where the offset action can be verified.

You can register on the RED platform as a renewable energy producer by accessing the RED platform, or downloading the app for  iOS  or  Android  and following the steps for creating an  energy producer account.

In order to register as a producer, you need to upload a series of documents, as follows: company details (name, registration number at the Trade Register, VAT number), copy of registration certificate, and notarial power of attorney or copy of the deed of attestation certifying the company’s legal representation, the registered office address, a copy of the manufacturer’s license, a technical production certificate.

As a producer registered on the platform, you can request the minting of REO-G tokens (Green Certificates of Origin), which certify the production of energy from renewable sources and can be sold to individuals or companies in order to transform them into Sustainability Certificates that prove the offset of their CO2

Green Sustainability Certificate

Each Green Sustainability Certificate will contain information regarding the name of the person or company who offsets the CO2 footprint, number of REO-G and GTK used for it, as well as a Single Serial Number on the blockchain with the registration of the certificate that can be publicly verified on the Ethereum network.

To obtain a Green Sustainability Certificate you must own REO-G or GTK tokens in your wallet and use them to issue the certificate. Register now on the RED platform, or download the app for  iOS  or  Android,  and in a few minutes, you will be able to have your first REO-G tokens as a green energy producer.

RED does not charge cash fees for issuing green certificates for companies. In order to cover the costs of validating and registering the information on the blockchain, a small fee in MWAT is required.

Any participant with an account on the RED app can request a Green Sustainability Certificate based on the number of REO-G or GTK held in their wallet.

A digital sustainability certificate proves on a public blockchain that an individual or a company is sustainable and supports the production of renewable energy, as well as the amount of CO2 avoided in the atmosphere. Business partners, customers, and suppliers will be delighted to work with a sustainable company. The offset information will be permanently available for checking.

RED Consumer

Any user of the platform can benefit from the energy tariffs on the platform and can request a supplier switch based on the suppliers registered on the RED platform in their geographical area.

In order to change the actual supplier, it is necessary to upload a series of documents and data as follows: name, surname, address, copy of identity card, a selfie with the identity card, copy of a recent utility bill, and copy of property documents or power of attorney, as appropriate. If the consumer is a legal entity, the company’s data are required: name, registration number at the Trade Register, VAT number, copy of registration certificate, and notarial power of attorney or copy of the deed of attestation attesting the company’s legal representation.

The supplier change process does not involve any cost from the customer and is done fully online.

The whole process lasts between 21-45 days. Once the consumer approves the change agreement, the new supplier will be able to deal with the related administrative steps on his behalf.

No interruption will take place due to switching suppliers. There will be no change to the existing installation, so there is no reason for the supply to be interrupted.

The current supplier does not have the legal right to penalize a customer in the case of a switch. On the contrary, it is possible to offer a better price or conditions for your contract.

The new supplier cannot increase prices during the contract in the context of an agreed fixed supply price. Other increases that may occur (energy transport, energy distribution, green certificates, etc.) are directly controlled by ANRE (National Energy Regulatory Authority) and affect all consumers, regardless of the supplier with whom you signed the contract with.

GTK for CO2 avoidance

A GTK or Green Token is an ERC-20 token that tracks CO2 avoided in the atmosphere through environmentally friendly actions, such as renewable energy consumption, avoiding food waste, capturing CO2 from the atmosphere, electromobility and other actions. RED grants GTK to consumers for a fraction of the renewable energy consumed. A GTK can be used only once by companies or individuals to reduce their carbon footprint. 1 GTK = 1 kg of CO2 avoided in the atmosphere (or the equivalent of other greenhouse gases such as CH4)

REO-G is an ERC-721 token that is granted to authorized renewable energy producers at a rate of 1 REO-G : 1 MWh produced.

GTK is an ERC-20 token awarded to renewable energy consumers or to platform users that prove to have performed actions for the benefit of the environment that helped to avoid CO2 in the atmosphere. It is granted at a rate of 1 GTK per 1 Kg of avoided CO2 (or equivalent greenhouse gases ex.CH4).

Once you have received GTK, you can keep it or sell it on the RED Exchange for MWAT or Ethereum to companies or individuals who want to use it to reduce their carbon footprint.

The value of a GTK is given by demand and supply on the RED Exchange.

Companies or individuals wishing to obtain a Green Sustainability Certificate from RED to offset their carbon footprint will need to hold and send to RED a REO-G or GTK amount.

Register now on the  RED platform, or download the app for  iOS  or  Android,  and in a few minutes, you will be able to claim or buy GTK tokens.

The issuance of GTK can be requested by any RED user based on the documents that prove he has performed actions to avoid CO2 release in the atmosphere.

For a GTK claim to be approved, it is sent to a RED validator. RED validators are RED franchise owners who receive the right to process GTK claims after they have passed a special test. After analyzing the claim, the validator validates or rejects the claim based on the information and documents provided by the claimant.

GTK can be used only once to obtain a "Green Certificate of Sustainability" on RED, and the action of issuing the certificate will lead to the GTK token burn from the electronic wallet.

RED Validator

A Validator is a RED V-LEC franchisee that gains the right to verify and validate GTK and REO-G applications in the RED network after passing specific tests for each token validation process.

The validation right is granted to any RED V-LEC franchisee who has passed a test regarding renewable energy and validation processes with a minimum grade of 9/10.

Yes, each RED Validator will be compensated in MWAT for each performed validation.

5. A validator can operate on the same territory included in the rights for the RED V-LEC franchise.

The validator verifies and validates/invalidates the requests for REO-G and GTK from the RED network.

The validator earns a commission in MWAT for each processed claim. The minimum fee of a validator is 1 MWAT, and the maximum fee is equal to the number of MWAT staked.

Documents required for RED account registration / KYC

You do not need any specific document to register an account on the RED platform. If you desire to apply for the different roles on the RED platform, such as Consumer Renewable Energy Producer or Prosumer, or to perform any transactions on the platform, there is a special set of documents needed. These documents are specified in the applications for each type of role.

The documents uploaded on the platform need to correspond to the name of the user account created on the RED platform.

In the first part of the account creation process, you will need to provide the data referring to the native country. Documents related to your address will be solicited in further steps on the platform.

The validation process takes between 24 and 48 hours, depending on the number of existing applications.

Once the validation process is completed, you will receive a confirmation email that will inform you of the status of your application. If more documents are needed, a RED operator will contact you and give you the necessary information.

You can report the problem at any time by email to support@new-landingpage-dev.redplatform.com. All issues will be analyzed and solved as soon as possible, while you will remain informed about the solution.

Following current legislation, citizens from certain countries will not be able to create accounts on the platform or to make transactions. Citizens that come from one of the countries in the list below will be required to present additional documents to access the platform. It is possible that some of the users who come from one of these countries will not be able to create an account on the RED platform.

Afganistan

Mali

Angola

Morocco

Armenia

Mozambique

Azerbaijan

Myanmar/Burma

Burundi

Nicaragua

Cambodia

Nigeria

Canada

North Korea

Cape Verde

Pakistan

Central African Republic

Papua New Guinea

China

Senegal

Colombia

Sierra Leone

Congo

Somalia

Cuba

South Sudan

Djibouti

Sudan

Eritreea

Suriname

Ethiopia

Swaziland

Ghana

Syria

Guinea Bissau

Tadjikistan

Guineea

Tanzania

Guyana

Timor-Leste

Irak

Uganda

Iran

USA

Ivory Coast

Vanuatu

Kenya

Venezuela

Laos

Yemen

Liban

Zambia

Liberia

Zimbabwe

Libia

 

In order to be considered a valid document, the utility bill must not exceed 3 months from the date of issue.

Blockchain

Blockchain is a decentralized public registry (database) on the Internet to which data can only be added and read but cannot be deleted or modified. This public register is composed of blocks in which multiple transactions are recorded. Growing linearly, each new block connecting to the previous one like a chain was called Blockchain.

You can find more tutorials and resources related to blockchain here: https://asociatiablockchain.ro/unelte-resurse/.

RED Blockchain is an internal blockchain where all the actions/transactions of users present on the platform are registered. The information is transparent, traceable, and verifiable at any time while maintaining the confidentiality of personal data also.

RED Explorer is a viewing interface where RED users can check transactions using Wallet ID/Hash ID.

Suport

To get in touch, you can send an email to  support@new-landingpage-dev.redplatform.com,  or you can call us by phone - details in our  Contact  section.