Eloncity aims to decentralize its own energy system for millions of micro-grid networks, which are able to provide the electric energy themselves. This type of the decentralized renewable micro-network has a great power for consolidation of centralized networks and solving the problems, which are threatened for our energy safety. Eloncity joins the newest technologies, the experience and all past mistakes for scalable and renewable microgrid system creation based on the community for achieving the regenerative energy in the future.
Technology and idea. Main facts:
- What is the origin? If WePower and PowerLedger have its own roots in the investment structures and connected with the main energetic, Eloncity is fully based on the PomCube company, its internet site http://www.pomcube.com/. It is a California producer of smart electric accumulators for household with the green energy generation systems. Advantages: they are completely connected with micro-grids. The Eloncity bases in Singapore.
- They are aimed to the work with the market players while their evolution (the equipment producers, cable networks etc.) – for the cheap (royalty-free) implementation of their hardware or software decisions, and it is very good. But they don’t still have any connections with the governments and regulators (the sphere is a very regulative and demands a lot of lobbyism), while such platforms as WePower and PowerLedger are working successfully with the Austria and Baltic governments. And nobody knows what is more appreciative for the success.
- Does the platform need the blockchain and the utility token? Of course, yes. Power industry is one of the most widespread platform which necessary requires tokens, because we can pay for the utilities with the tokens. The ECT is the utility token, which can be used for making the energy exchange easier in Eloncity microgrid and among the joined Eloncity microgrids.
So, ECT will have functions:
First of them is the mean of exchange on the Eloncity networks, where ECT is used for exchanging of energy. The providing and the demands are managed by the short-time changing of the prices for energy resources in ECT. The customers reward ECTs while provide the additional energy in the networks. The member of the community uses ECTs for getting the access to the local electrical providers and ECTP(Eloncity token protocol) connectable products, for example, POMCube.
The second function is that it allows to reserve enough of ECT for each BESS appliance, which can work with ECTP, according to the price of its electric power for taking part in automatic market. It means, that ECT makes the stock of the cost which is supported by the energy price. The importance of each ECT is defined by the energetic transactions volume in the ecosystem and by the speed of the ECT transactions. Because of the demands to currency reserve it is the limits for the transaction speed which defines the importance for the ECT and produces the instant system of token.
The third function is that the most appreciating role of ECT is that aimed to become the only mean of exchange for the connection of energy consumers with the providers of the decisions in sphere of renewed energy sources in the instantly increasing general decentralized economy. All of the communities are able to use their ECTs for the achieving of the access to choosing the renewed energy products and different variants of service. This process of the activation of decisions providers to the energy consumers will create the only market of renewed energy sources, which won’t be limited by the territory dividing and political boards and economic barriers or any real or artificial walls. So, the values of ECT will increase a lot because this market is increasing from day to day from the local community to the global market. - Eloncity token protocol (ECTP) ECTP created on the base of the blockchain technology for creation the efficiency and stable platform of energy exchanging based on the communities. It also shows that all of the equipment and network demands for the equal gadgets for energy exchanging based on blockchain platform too. The heart of the protocol is the AI algorithm which define the energy values equals in the real time and in the any point of local energy network.
ECTP defines the algorithms and rules for the Eloncity microgrid operations. For making this protocol work it will necessary to have the special software and equipment suitable for ECTP.
ECTP microgrid consists of the following parts:
First is the Core ECTP exchange of the energy platforme, based on the efficiency blockchain network. So the Eloncity blockchain will be the improved version of Etherium blockchain which was optimized for high speed energy transactions.
Second is the Delegated Proof of Stake (DPoS) which based on the high technology mechanism of the consensus for energy deals processing. Social validators which were chosen by the community will provide the safety and wholeness of the deal including energetic smart-contracts. So blockchain will support more than 10 thousand transactions per second or 1.8 million energy exchanges in one moment in the period only of three minutes.
Third is the improved universal platform of smart-contracts for supporting all members of the community which allows to calculate the equal process for the energy in the real time for the concrete location in Eloncity microgrid. It also allows to make the agreed energy exchange.
Fourth is the mining mechanism for reward the utility ECT tokens for the clients which use ECTP and BESS equipment for storage the renewed energy that was recently collected. The mining process is realized as the a smart-business contracts which can be used by the CiberMiles virtual Machine.
Fifth is the universal access protocol using open chain for supporting the applications based on any blockchain platform such as Bitcoin or Etherium. It is a universal level of interface of the application will make easier all Eloncity usages. - Token’s emission or mining is represented (as the competitors) in the amount of the produced energy, which are accumulated in batteries and is ready for distribution. While the energy intensity of their whole ecosystem is growing the total reward is decreasing because the cost price of energy mining is decreasing too.
- In the competitors comparing table a lot of parameters are announced including technology details. It is presented very reputable because it has and hierarchical topology of the network (or regional locations supporting), and the fair price calculating algorithm, and the integration with the electric auto industry and the electricity routing support, and a lot of other details.
- A very long roadmap with the planning finish in 2022. From the one turn, it presents the serious approach, but from other side WePower and PowerLedger both plan the same till 2019.
The team of creators:
From the eight members of the team, six persons including the founder are from the POMCuve Inc. The company was founded in 2014 by Andy Li, the founder of Eloncity. (In LinkedIn is written that he was technical director with the functions of CEO). The total amount of staff less than 50 people specialized on the expenses optimization and electricity saving and renewed sources of energy.
- Andy Li, technical director, general manager, USA. 500+ LinkedIn contacts, has the 11-year experience of working as a chief engineer in Cisco, and 2+ year experience of computer researcher in Alibaba Cloud.
- Michael Nguyen, the vice president of Program management, USA. 500+ LinkedIn contacts, has the practice experience in energetic projects since 2010. Has 17 patents, such as the tablet case and the sleeping bag in the shape of astronaut and he also has 4 industry rewards.
- Gregary Liu, Marketing Director, Taiwan, 261 contacts in LinkedIn, ordinary positions in the huge energetic companies (Philips, Osram).
Advisors:
- Bryen Alen, has a very few of information, doesn’t have the account in social networks, but he has an annotation in Wiki which tells that he worked in NASA and now is an employee of reactive movement laboratory in Pasadena, where he is working as an engineer in Mars researching sphere.
- Chris Whaller also doesn’t have any accounts in social networks and no information about him at all.
- Ensol Li has a 7 year-experience in Data Centre, and as the architect in Tencent China technological company which was founded in1998 in Shenzhen city. He’s main activity is the supporting of the most widespread in China system of fast message exchanging called QQ and also the system of transferring text and vice messages WeChat.
- Haifeng Qu has 500+ contacts in LinkedIn, the leading expert of Data Centre and the vice president of China expert committee by DC, the research fellow of the team of Department of technical support infrastructure in Alibaba.
- Howard Choy is the energetic sphere specialist.
- Michael Yuan is the co-founder of CeberMiles.
- Robert Mao is the founder and CEO of ArcBlock.
Two new advisors were also announced recently:
- Kelvin Xu – is a specialist in spheres of AI, blockchain, big data, Internet of Things, network protection, but he doesn’t have a LinkedIn account.
- Jasmine Zhang is working in NVIDIA as the Key Account Director, before she has an experience of working as a managing consultant in IBM. She has MBA degree in the sphere of marketing and strategy.
Partners and investors:
Krypital Group doesn’t need to be presented and so is marked in separate section as a chief partner.
There are also several of not so important partnerships, such as ArcBlock, CyberMiles, Tokeneed, Panasonic, Amphelol (an American company which is specialized in electric and optic fiber connectors and cable systems), CATL (is a big producer of the energy batteries in China), MEDIATEK (is a producer of the components for wireless connection, and optical systems of data storage) and other companies which has their own descriptions in Wiki and good history and authority.
Social metrics:
Twitter was created in 4th of May, has 4071 followers, now active, and is instantly refilled with the project information with photos and conferences.
Telegram was created in 7th of April, has 12700 followers, now active, all of the adminse take part in conversations and answer the questions.
Additionally: Medium is created in 1th of May, 6 posts, about 100 palms, excluding Vietnamese language post which have 27 palms.
Bitcoin talk was created in 13th of June and now has 13 pages of conversations.
Reddit is active now, has more than 400 notes and 586 followers.
LinkedIn was created 2 months ago, has more than 400 followers, is active now.
Facebook was created in 27th of March, has 1976 followers and 1939 likes.
All social networks information is duplicating from one platform to another.
Additions / Summaries / Opinions
All of the competitors of this project such as WePower, PowerLedger, Electrify Asia in this moment showed a very good benefit because the market is appreciating this sphere very good.
The main competitor advantage, of course, is the Kryptal, which is many times proved its efficiency for the investors.
The team looks decent because it consists of the people from the same industry with the big experience, and advisors from Cyber and ArcBlock are both from Kryptal and both successful.
The summary about the Eloncity platform is the following:
- The strategy of the Eloncity entering the market is the providing all of the prepared early decisions in the problem spheres where there is no any infrastructure of providing the electricity.
- The platform offers the unique help for the government services in solving the usual problems which all of the centralized spheres have.
- The full autonomy of distant investors can guarantee the result of the project because the team doesn’t need to confirm its each step with anyone and everything depends only on themselves.
Token Sale: Private Sale live
Token Ticker: ECT
Token type: ERC20
Public Token Price: 1 ECT = 0.12 USD
Fundraising Goal: 33,000,000 USD
Accepts: ETH
Total Tokens: 1,000,000,000
Available for Token Sale: 32%
More information & recommendations:
Eloncity Website https://eloncity.io/
Eloncity Twitter https://twitter.com/Eloncity_io
Eloncity Telegram https://t.me/Eloncity
Eloncity Bitcointalk https://bitcointalk.org/index.php?topic=4465922
Krypital News https://t.me/KrypitalNews
Krypital Bounty Group https://t.me/KrypitalBounty
Eloncity WhitePaper
Do take note: anything written in this article is not an investment advice, you are to do your own research and due diligence. The writer owns cryptocurrency and may be bias to certain crypto projects.
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