Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, July 17 2019 - 23:20
AsiaNet
Blockchain Start-up RENDBO Ready to Launch Pre-ICO
LONDON, July 17, 2019 /PRNewswire-AsiaNet/ --

Eco Smart Energies Ltd (www.renbdo.io) is pleased to reveal that the company is 
now ready to start the pre-ICO campaign for their upcoming project RENDBO or 
Renewable Energy Network Based on Decentralized Organization. The goal of this 
campaign is to secure funds for the installation of as many as fifty-two wind 
turbines for the production of green energy. 

This pre-ICO is an excellent opportunity for the crypto-investors to purchase 
the project's proprietary Renewable Energy Token (RET) for a 50% reduced price, 
which will be available for the first 10% of the tokens. Once ten million 
tokens are sold, the pre-ICO phase will end and the ICO campaign will start. 

Excessive burning of fossil fuels has been one of the leading environmental 
challenges for many years. This human activity emits a number of air pollutants 
that are harmful to both the environment and public health. However, the use of 
coal is still prevalent in conventional power sectors. One of the most 
recommended alternatives to replace fossil fuels in the use of wind energy. 

With a wealth of experience in production and distribution of electricity, Eco 
Smart Energies Ltd has conceived the RENBDO project with the aim to set up a 
wind farm comprising of fifty-two turbines.  Interestingly, 70% of the required 
funding for this initiative has already been covered by the European Union 
irredeemable funds for green energy and the remaining 30% will be covered by 
the upcoming ICO. 

Through the pre-ICO campaign, Eco Smart Energies will introduce their Renewable 
Energy Token (RET) to the market with the objective of creating an ecosystem 
where the investors will receive return on their investments based on the 
amount of tokens owned by them. Ownership of one RET is equivalent to owning 
one asset in Eco Smart Energies. 90% of the total profits will be distributed 
amongst the token holders while the remaining 10% will be spent for maintenance 
purposes and for the employees.

Eco Smart Energies will soon release an application that will allow the token 
owners to view the wind power produced as well as send or receive tokens. The 
token holders can also actively participate in issues that are related to the 
future of the wind farm. Finally, by eliminating middlemen, RENBDO minimizes 
the probability of fraudulent transactions and activities.  

To purchase RET for a 50% reduced price, crypto investors are invited to visit 
http://www.renbdo.io/ 

About RENBDO: RENBDO or Renewable Energy Network Based on Decentralized 
Organization is an upcoming cryptocurrency start-up venture that aims to set up 
wind farms for the production of green energy. The primary objective of this 
project is to collect adequate funds for the installation of up to 52 wind 
turbines through an Initial Coin Offering (ICO). This project is the brainchild 
of Eco Smart Energies Ltd, an organization founded in 2015 by a group of 
industry specialists. Prior to the launch of the RENDBO platform, they were 
engaged in production and distribution of electricity.

Source: RENBDO