RENBDO: First ICO Approved by European Commission – 70 Percent Funding From EU

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BRUECK, GERMANY – JUNE 08: In this aerial view wind turbines spin on June 8, 2016 near Brueck, Germany. Germany is investing heavily in renewable energy sources, including wind farms and solar fields, in an effort to cut climate warming emissions and replace nuclear power. (Photo by Sean Gallup/Getty Images)

Blockchain energy startup RENBDO has been approved for EU funds – and prior to approving its ICO, the European Union will cover 70 percent of this project’s funding requirement through its green energy funds. RENBDO is an eco-friendly endeavour from Eco Smart Energies Ltd. that plans to set up a wind farm with fifty-two turbines for the production of wind energy. 

“It gives me immense pride and pleasure to let you know that the RENBDO ICO campaign has been approved by EU Funds. We are thankful to EU for their patronage and have no doubt that this support will take us places,” said Marc Robert Biggins, the CEO of Eco Smart Energies Ltd. “We also believe that this is great news not only for RENBDO but the entire cryptocurrency community all over the world. Active support from mainstream trade and monetary bodies such as the EU can work wonders towards the large scale adoption of cryptocurrencies.”

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RENBDO or Renewable Energy Network Based on Decentralized Organization has recently started its Pre-ICO campaign. This campaign’s objective is to raise the remaining 30% of its funding requirement. RENBDO has built a decentralized ecosystem around its proprietary Renewable Energy Token or RET. Unlike projects that offer unusable tokens to the investors, RENBDO has created a genuine profit-making ecosystem for the investors because holding one RET is equivalent to owning one asset in the company. Most importantly, 90 percent of the profits earned by this project will be distributed amongst the token holders.

 

In order to ensure better opportunities for investors, RENBDO has tokenized the project. Depending on their holdings, all RET holders will receive a specific amount of the returns. Based on the approval for EU Funds, the price of each RET currently stands at 0.495$/. Anyone can now purchase RETs by participating in the RENBDO ICO campaign. Eco-Smart Energies Ltd has minimized the probability of fraud by eliminating all middlemen. Interestingly, the investors will also have a say in all critical decisions related to the operations of RENBDO.

The RENBDO ICO campaign will continue for forty-five days, allowing investors to purchase RETs using Ethereum, Bitcoin and Litecoin. The total number of coins available for sale is 80,000,000 and the hard cap for the campaign is 39,600,000.

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 RENBDO platform, they were engaged in the production and distribution of electricity.

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of Blockchain at China’s first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford’s Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission’s SME Instrument programme as a startup assessor and as a startup judge for the UK government’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ‘The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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