Restart Energy Innovative Technologies (REIT) AG has come out to announce they are launching the first sustainable Security Token Offering (STO) on DAURA, a Swiss blockchain platform. According to a report on Reuters, the global energy demand is expected to soar by 44% by 2030. With that into consideration, countries and businesses are piloting new reforms and innovative solutions to ensure we all live in a better and more conducive world.
One of the leading businesses and projects setting the pace in innovative solutions in the energy sector is the Restart Energy Innovative Technologies (REIT) AG. In the words of Armand Domuța, the Chairman of the Board of REIT, “Our goal is to use bleeding-edge technology and innovative business models to democratize a sector burdened by bureaucracy and transaction costs: freeing up capital, saving money, helping local power producers earn more and laying the groundwork for a sustainable future. Experienced in the traditional energy supply business, REIT AG understands that the future of energy production and consumption lies in giving people and businesses freedom to access and participate in a more sustainable energy ecosystem unfettered by bureaucracy and outmoded business models. REIT AG aggregates the two main attributes of the group, the experience and successful track record of our legacy business, the energy supply company and bold approach of the energy sector through technology with our RED Platform.”
Overview Of REIT AG & Restart Energy
On the other hand, Restart Energy is an independent natural gas and electricity supplier for companies and homes. The company services more than 50,000 household customers and about 5,000 corporate customers. Restart Energy is currently operational in both countries of Romania and Serbia. With time, the company intends to expand into more European markets like Spain and Germany.
How to Participate in the Upcoming STO
The RED Platform
Zalmoxis is an improved version of the Ethereum blockchain. It runs on a combination of both Proof-of-Stake (PoS) and Proof-of-Authority (PoA) to solve the issue of scalability. The interesting thing about the Zalmoxis protocol is that it retains all the positive attributes of the Ethereum blockchain. Additionally, energy consumption is a thousand times lower, emissions are zero, gas fees are almost zero, and the speed is about 100 higher.
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