The company developing a market-ready blockchain based peer-to-peer (P2P) energy trading platform; Restart Energy has partnered with a New York asset management firm and a well-known expert on emerging technologies.

Restart announced a partnership with LDJ Capital, an international asset-management firm founded and headed by David Drake on December 6, 2017, a press release indicates. New York-based LDJ works with 30 funds and a global network of partners. It is part of a family office that maintains relationships with clients that control an estimated $1.5 trillion in assets. LDJ’s divisions include a multi-family office, the SOHO Loft Media Group, and the LDJ Capital Investment Bank planned for launch in 2017.

The partnership has enabled Restart to bring LDJ Capital’s Managing Director of Technology William Davis III on as an advisor. Davis has served as senior advisor, Chief Information Officer, Chief Operating Officer and President at a number of emerging technology firms around the world.

Davis has worked with a number of Fortune 500 companies including JPMorgan Chase (NYSE: JPM), IBM, American Express, Boeing, Ryder, and Bank of America. Davis has also worked at a number of consulting firms.

LDJ Capital and William Davis III will help Restart Energy Democracy with ICO

Restart hopes that Davis and LDJ Capital can help it raise $35 million through the upcoming initial cryptocurrency offering (ICO) of its MegaWatt or MWAT Token.

The MWAT Token will drive the blockchain-driven P2P energy-trading platform Restart Energy Democracy (RED). RED is envisioned as a market-ready, regulation-compliant platform designed to facilitate energy trading between consumers and producers. The hope is that RED can dramatically reduce costs for consumers and increase profits for producers in unregulated energy markets by eliminating the middlemen.

Each MWAT Token is intended to represent one-megawatt hour (Mwh) of energy. The hope is that home and business owners will be able to pay electricity and gas bills with MWAT or sell it for Ethereum cryptocurrency (ETH) or fiat currencies at RED’s marketplace.

About Restart Energy

Restart Energy is a leading energy provider in Romania; it currently provides power to 27,000 households and 3,000 businesses in that country. Romanians can pay their Restart gas and electric bills at 40,000 payment locations and 300 franchises. Restart Energy plans to sell the MWAT Token to consumers through those locations.

Full details of the RED MegaWatt Token Sale are available here:

https://restartenergy.io/

More details about the Restart Energy Democracy Platform are available in this whitepaper:

https://restartenergy.io/Restart_Energy_Whitepaper.pdf

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