Eloncity is the blockchain networking technology decentralizes the power of the infrastructure into millions of self-sufficient microgrids. It is produced 24/7 directly with the competitive utilities to the local energy stations. This is what makes the price transparent to all. People can use an open technology that will make the electricity virtually free towards the world by improvising it as a clean energy. The platform of Eloncity comprises with the referential designs as it worth full suite for both hardware and software products. These provisions will deploy the operational and renewable microgrid. Such references should be designed as royalty-free without any help of an open source.
Eloncity Token
The utility tokens of Eloncity are known as Eloncity Token and it is also known as ECT tokens. It works through some key functions that make the system renewable. These tokens facilitate the local energy exchange incentivizing with the investment in ECTP complimenting the battery energy storage system or BESS.
This investment works through rewarding BESS-operator or owner by storing newly harvested renewable energy in their ECTP compliant to BESS. This will ultimately generate an open global marketplace enabling the communities all around the world for accessing the advanced renewable energy products and services through the ECT. This also needs because of the open market facilities enabling the communities all around the world by the exchange of energy in production and solution in providing services with ECT.
Focal points Eloncity
The utilization of present day Blockchain innovation will enable the Entire eloncity biological community to be straightforward, solid and safe, and in addition not subject to any outsider intercessions from outside. That thus will permit to shape another valuing for clean power.
Be that as it may, for all the collaboration to be compelling, everybody who will utilize the Eloncity innovation will have a gadget for the aggregation of clean power, with which it will be conceivable to track the measure of vitality devoured, and also offer or trade the rest of the vitality with different clients or undertakings.
The nearness of the AI framework in the task is intended to control the stream of power estimating. Also, the nearness of the IOT framework will permit to adjust the supply of inexhaustible power to these spots. On account of this, the Eloncity framework will have the capacity to remove the pinnacle stack from the last mile, which will give clients power consistently and easily.
Usage of ECT
EC T is required to facilitate the open market enabling the communities all around the world in exchange of energy for shared-resources locally having access to the unified network of global renewable energy products and solutions. At the same time, this renewable product and service providers will have some benefits more form of the open market. ECT tokens are pre-minted as mining mechanism will award the ECT tokens for the customers storing renewable energy by the usage of ECTP as it is compliant with BESS. The mining will start functioning as long as the smart business contracts will run the smart businesses through the enhanced Ethereum blockchain technology platform with the support of high-volume and high-speed transactions.
Token Protocol
Eloncity Token Protocol or ECTP is based on the blockchain technology for creating a highly efficient and trusted community as a platform for electricity exchange. This specifies the hardware devices powering through the network by the requirements of peer devices in exchange for electricity to the blockchain platform.
It is at the core for this protocol as it is an AI-based algorithm determining the locational real-time energy with the price of equilibrium from the on a local energy network. This protocol also recognizes the energy supply and demand in condition to the one street as it is necessary to the same condition for another street in a microgrid. This results in the valuation of electricity at any given moment to the different locations on a microgrid and this also can be different. The energy price will also determine the Eloncity Model functioning at the time and location together.
Eloncity is going to release 1,000,000,000 ECT which will become available by the approval of the organization. The tokens will be distributing total 320,000,000 ECT. The tokens will be distributed by the bounty campaign by the participation of the investors through a specific link. The ECT tokens can be exchanged which will be listed by the authority and will publish into their website and social media as soon as it is fixed. This will make the investors encourages to the investment.
Website: https://eloncity.io/
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