ICO REVIEW: REDi Infra

Marco van Crypto
Sep 5, 2018 · 5 min read

Weblinks: Site, Twitter (9.9K followers), Telegram (19K members), Whitepaper

Solar power production has been growing rapidly in the last ten years due to the rapidly increasing global energy consumption. Many energy producers have also turned to renewable energy particularly Solar Power for a sustainable and eco-friendly energy production solutions.

There is a skyrocketing demand for solar power because not only is it earth friendly it is also relatively cheap to install and maintain compared to other renewable energy sources. Research shows that in 2017 there was a global total of $160 billion investments in solar power.

However, the problem with today’s solar power production are:

1. Scarcity of energy generation data.
2. The absence of a systematized platform for data integration.
3. Untraceable power plant history management.

The Renewable Energy Data Innovaton (REDi) Infranet project’s solution is to build a decentralized platform for the renewable energy industry. At this time, they are starting with the solar power generation industry but later they will expand to other renewable energy industries such as wind and water.

With the utilization of blockchain platform, energy consumers will be able to interface with energy generators directly. Further, at REDi all individuals can take part in the creation of efficient energy production in their area. In addition, individuals who participate or add value to REDi’s reduction in carbon emissions programmes will be recognized and remunerated.

REDi tokens, will be ERC20 tokens and will be the medium “for the transmission of data between REDi and its participants and/or between ecosystem players”.

Tokenomics

— Total Tokens: 2,000,000,000
— Total Tokens Being Sold: 30%
— ICO Token price: 1 REDI = 0.00005000 ETH (0.0142 USD)
— Hardcap: 30,000 ETH (8,500,000 USD)
— Softcap: 10,000 ETH

— Token Allocation
30%: Token Sale
20%: Business Dvp. Alliance
18%: Team, Advisors
10%: REDi Pool
20%: Reserve
2%: Marketing

— Funding Allocation
35%: Business, Ecosystem Development
35%: Operations
15%: Marketing
10%: R&D
5%: Strategic Alliance

Other than that, information such as sale dates, lockup periods, complete bonus scheme, what will be done to unvested tokens, and when distribution happens are yet to be announced.

Rating: I give this project a rating of 2/5 stars due to those lacking information already listed.

Roadmap

Important dates:

— 2018 Sep: Main Sale
— 2018 Q4: REDi Wallet launch
— 2019 Q2: Public chain integration to REDi Smart Metering
— 2019 Q4: Official launch of REDi platform services
— 2020: 2nd ICO (still tentative)

Rating: 3/5 stars for the Roadmap.

Team

Pictured below are the Executives, the company’s entire team has a total of 14 members.

¤ Dong Young Lee — CEO & Co-Founder. Dong Young Lee holds a Master’s degree in Public Policy from the University of California. He is the founder of Smart Energy Island (SEI) and co-founder of a peer-to-peer lending marketplace based in Seoul, South Korea.

¤ Chanyoung Kwon — CTO & Co-Founder. Changyoung Kwon is the former CTO of BlueCloud Inc an app developer company that builds games for children. He is also the current CIO of a financial AI Solutions company called AIZEN Global.

¤ Rick YoonCOO & Co-Founder. Rick Yoon has a Master’s degree in Electrical and Computer Engineering from Seoul National University. He previously worked as a Research Engineer at Hyundai for a period of 6 years.

Rating: The core team pictured above rates 5/5 stars. Their combined skills and experience is stellar considering they previously worked for popular brands like SAP and Daewoo. Another plus factor for the high rating is their experience founding their own businesses.

Advisors

¤ Louis Jinhwa Kim. Bitcoin evangelist and author of Next Money Bitcoin (2013). He is the co-founder of the first South Korean Bitcoin Exchange called Korea Blockchain Association and Korbit Inc.

¤ Joe Kim. Joe previously held managment positions for ENTIQ, Tmaxsoft UK, and IBM UK to name a few. At present he is the Executive Vice President of XNTree Ltd UK.

¤ Minpyo Hong. He is a cybersecurity candidate for a doctorate degree at Korea University with over 20 years experience in cyber security. He is also the founder of SEWORKS (app security), WOWHACKER (a hacking and security research laboratory), and SHIFTWORKS Co., Ltd. (a cybersecurity firm).

¤ Hanyeol Cho. He holds a bachelor in Computer Science and Engineering degree from Seoul National University and worked as Engineer at 2 IT companies. He is the founder and CEO of Bookjam and Interqubit.

¤ Sangseop Lee. He is an e-commerce expert and practiced in the same industry for 16 years. These days he prefers to spend his time on Smart Energy Service for Big Data, Blockchain Technologies, and Artificial Intelligence. Presently, he is on the advisory panel of a German renewable energy supplier called Lition.

¤ Jonghun Sung. A CPA and a Managing Director of Vestigium Alliance.
He is a certified public accountant who is a Managing Director at Vestigium Alliance. The firm assists startups in Legal, Accounting, and Tech as applied to Blockchain.

¤ Junghan Yoo. He attended the Law Schools of the New York and Seoul National Universities. He is a member of the Law and Practice Association in South Korean and the Korean Securities Law Association.

¤ Bao Tran. This founder of PowerPantent Inc’s expertise lies in creating Intellectual Property (IP) profiles for his clients.

Rating: 4/5 stars is my rating for the Advisory team. The advisors have high skill sets and come from various industries.

Partners

Rating: A good set of partners which I rate, 3/5 stars.

Investors

As of this writing, there are still no Investors listed on their site.

Conclusion

Using the factors already discussed above, I give this project 3/5 stars. The incomplete tokenomics information was a huge minus for me.

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Disclaimer: This review if for information purposes only, not an invitation to invest. Consult an expert before investing.

All images used in this review are properties of their respective owners.

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