Asserting The Launch Of Purple Platform – The First Tokenized CO2 Blockchain Offset System

TIMISOARA, Romania, Oct. 01, 2021 (GLOBE NEWSWIRE) — Restart Power, one of many well-known impartial electrical energy and pure fuel suppliers from Romania, is thrilled to announce the launch of the RED platform – the primary tokenized CO2 offset sustainability system available on the market.

The RED platform goals to assist firms and people to grow to be sustainable by rising the manufacturing of inexperienced vitality, setting incentives to extend the consumption of inexperienced vitality in addition to growing and supporting sustainable initiatives. RED helps the UN’s Sustainable Growth Objectives by launching and selling sustainable initiatives primarily based on blockchain know-how.

Announcing the Launch of Red Platform - The First Tokenized CO2 Blockchain Offset System 1

The RED platform is the primary blockchain-based CO2 offset and sustainability system designed to revolutionize the best way firms and people work together with vitality and the CO2 offset techniques whereas additionally incentivizing renewable vitality producers and customers. Since its inception, RED has all the time been targeted on innovation and sustainability, pioneering new paths for a greener planet. The corporate started growing renewable vitality initiatives in 2010 and later grew to become one of many largest photo voltaic builders in Romania. The launch of RED Platform is about to start on October 1st – a worldwide premiere.

“Our firm saved tens of millions of tons of CO2 from the environment by delivering clear renewable vitality to its prospects. Final 12 months we even obtained the Guinness World File for the longest journey with an electrical automotive in a single nation. Right now, we’re launching a revolution in sustainability, a platform that’s meant to grow to be a world market and enterprise ecosystem for sustainability, incentivizing each people and firms alike to take part and unlock beforehand untapped worth.” — founder and CEO of Restart Power, Armand Doru Domuța

Worth and recognition are the actual forex of the RED platform. Constructed on the cutting-edge blockchain know-how, the RED ecosystem permits people, firms to calculate their carbon footprint, declare tokenized carbon credit for his or her optimistic environmental actions, and burn the credit in change for distinctive sustainability certificates within the type of NFTs on the blockchain. It’s absolutely suitable with Ethereum, thus, customers can withdraw tokens issued on the RED platform to their Ethereum non-public pockets however with 1000 occasions much less vitality consumption, zero emissions, near-zero fuel charges, and as much as 300,000 transactions per second.

The RED platform is providing excellent options to CO2 emission issues by the next methods:

  • It provides incentivization to inexperienced vitality producers by the CO2 offset system by giving free Inexperienced Certificates of Origin, REO-G tokens.
  • It provides customers rewards for utilizing inexperienced vitality.
  • It offers the chance for firms to scale back their CO2 footprint by supporting inexperienced vitality producers and different sustainable initiatives on the platform.
  • The offset system comes within the type of GTK and REO-G tokens which can be minted on the blockchain.

Inexperienced Token (GTK)

Inexperienced Token (GTK) is an ERC Token that displays CO2 offsets. They’re minted for all customers who execute inexperienced actions primarily based on a rigorous validation scheme contained in the RED platform. Buying 1 GTK is equal to eliminating 1 kg of CO2 or another greenhouse gases like CH4 from the environment. When a consumer makes a validated “declare”, RED mints GTK. It may be traded on the RED Change, and withdrawn in Ethereum wallets and third-party exchanges. Customers can make the most of this token to offset their carbon footprint by claiming a Inexperienced Certificates of Sustainability on the RED platform.

Renewable Power Origin – Ensures (REO-G)

REO-G, the Inexperienced Certificates of Origin for renewable vitality producers are minted on the blockchain as ERC-721 NFT tokens. Buying 1 REO-G is equal to decreasing 750 kg of CO2 from the environment. It may also be traded on the RED change and withdrawn to a consumer’s pockets or different exchanges. REO-G acts as a assure of origin, guaranteeing untampered traceability.

Utilizing the platform’s MWAT token, any consumer can purchase RED franchises, purchase REO-G or GTK, switch MWAT to different customers, retailer or withdraw from their Ethereum pockets, or commerce it on the RED change.

Saving the earth is all about teamwork. With the RED platform, customers can scale back world emissions. RED makes CO2 offset rewarding, clear, and accessible for all customers by offering a user-friendly framework with minimal overhead for customers and firms on blockchain know-how with an environment friendly token economic system.

RED is about to broaden with the primary tokenized franchise enterprise system, the place all the enterprise is an NFT token that may be withdrawn or bought at a sure level. It intends to supply franchises entry to simplified blockchain instruments to assist firms tokenize every thing together with any type of enterprise course of, contract, inventive creation, or data with the platform’s distinctive Zalmoxis NFT Token Generator and NFT Market. Franchises will help information organizations to launch their sustainable initiatives or merchandise by creating distinctive tokens and validation schemes linked to the initiatives. RED will create a liquid tokenized market for rewarding sustainability worldwide connecting thrilling initiatives to affect traders and sustainable firms.

The RED platform already has fairly plenty of initiatives within the pipeline for tokenizing renewable vitality, carbon offset, and even launching new ESG tokens. Leveraging trade consultants that act as validators within the platform, RED will validate the CO2 offset of customers merchandise on the blockchain and supply them with the carbon credit for his or her prospects by distinctive QR codes printed on every product and buy receipt to allow the purchasers to redeem, promote or burn the carbon credit on the RED platform.

About Restart Power

Restart Power is an impartial electrical energy and pure fuel provider for properties and firms, with Romanian-American capital, established in 2015 in Timisoara, Romania. From its very starting, Restart Power was an organization targeted on innovation and sustainability. Restart Power began growing renewable vitality initiatives in 2010 and shortly grew to become one of many largest photo voltaic builders in Romania. The corporate saved tens of millions of tons of CO2 from the environment by delivering billions of unpolluted KWh of renewable vitality to its prospects. They’re additionally a Guinness World File holder for sustainable mobility for the longest journey ever made with an electrical automotive in a single nation in 2020.

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Media Contact

Firm: Restart Power

Contact: Andreea Petrica, Head of Advertising


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Announcing the Launch of Red Platform - The First Tokenized CO2 Blockchain Offset System 2

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