The current model of the power grid most of the world uses is ingenious but outdated. Basically, the main type of power grid being used is the traditional fossil fuel generators. However, with this generators come certain huge disadvantages. With fossil fuel generators come a harmful emission of carbon dioxide and chemical pollutants which has negative impact on the environment. This in turn, poses a health risk to inhabitants all over the world. Various adverse events around the world due to traditional power grid mishaps have called sorely for a full switch to renewable energy.
Apart from the health risks that emissions from fossil fuel generators could give us, there are other disadvantages which include the fact that it requires high, constant maintenance which could be costly. It simply is not reliable and a single problem at a point could cause lack of supply of electricity to several homes across communities. In addition to that, certain weather changes could cause a serious malfunction in the traditional power grid. This is opposed to using renewable energy as it uses forces of nature and changes in weather would only affect it for a short while allowing for it to acclimatize. In cases of natural disasters, fossil fuel generators always fail either due to limited fuel, inconstant maintenance which could lead to botches and even fires. Maintenance costs and a lot of other factors also make electricity unaffordable for the below-average person in the community leading to electricity supply shortage in homes.
AI Grid Foundation understands these problems and wants to find a lasting solution to it. It’s an NGO based in Singapore that want to introduce clean, decentralized, renewable energy to the world. AI Grid has combined with organizations all over the world to coin the Eloncity Model which is a big step to moving the world towards adapting safe renewable energy. The model AI Grid is proposing is advantageous in many different ways and this includes
• A blockchain introduced to the renewable energy model. This inclusion will allow for the recording of volume and speed transactions of energy. The blockchain is a permanent, irreversible way of recording data so it’s sure that the information will not be tampered with allowing for proper audit.
• An introduction of their own token, Eloncity token, ECT, to allow for a global marketplace that gives communities all over the globe the capability to access renewable energy products and services.
• It has for more reliability than the model currently being used as it can potentially adapt to events such as natural disasters. Renewable energy uses the weather to run and even changes in weather cannot affect it negatively. It will power the community even in extreme weather conditions as it is easily adjusted to change in various situations
• Less emissions to the environment. With lesser carbon and chemical pollutants released into the atmosphere, there is generally lesser health risk posed to us which would allow for longer life expectancy. The environment would be completely safe to live in.
• Future electrification of transportation. In the future, with renewable energy as the norm, transport would be based mainly on electricity. Just like with the case of Japan using electric trains. It would allow for lower costs of transportation and way lower emissions of waste products by vehicles leading to less health risks
AI Grid aims to bring and popularize the Eloncity solution all over the world by first targeting
• Areas that are disaster-prone. Since renewable energy can handle natural disasters and fossil fuel generators cannot, the renewable energy model would work best for areas like this
• Areas that have no electricity service. Since these areas are not even exposed to electricity, the change into the future would be very welcome to them.
• Areas that are hard to reach. Typically areas that are hard to reach are rural and do not have electricity either.
Thereby, the renewable energy model would easily penetrate these areas.
ELONCITY TOKEN
Eloncity Token, ECT is an ERC20 compatible token and has a total supply of 1,000,000,000 ECT. There will be no inflation of supply. 32% of the total token supply will be available during its private sale and ICO. It has a soft cap of 10,000,000$ and the hard cap to be reached is 33,000,000$. During its private sale, one USD will be equal to 9.8 ECT tokens. Minimum contribution will start from 200,000$ USD during the private sale.
To get more information about Eloncity, visit the links below.
Website: http://www.eloncity.io/
Whitepaper: https://goo.gl/883Fxd
Telegram: http://bit.ly/2rJxy9u
ANN Thread: https://bitcointalk.org/index.php?topic=4465922
Facebook: http://bit.ly/2IkbugH
LinkedIn: http://bit.ly/2KqaLXT
Twitter: http://bit.ly/2wFScx3
Medium: https://medium.com/eloncity
Author Username: DJHaywire
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2037035