Eloncity is the blockchain network decentralizes with the power infrastructure into millions of self-sufficient microgrids producing energy locally with the availability of 24/7 into directly competitive utilities. The energy price s becoming transparent to all and people are using the open technologies making the electricity virtually free. Their aim is to electrify the world with clean energy. The energy system of Eloncity provides the community by the increase of energy security with the resilience for the adaptation to any potential climate-induced other natural or human-made disasters.
Hierarchical Chain
The hierarchical blockchain of the Eloncity network is basically the decentralized processing network that uses a unified utility token for the energy evaluation to determine the consistency across the entire microgrid so that the tokens can be used among the Eloncity microgrids for the inter-microgrid exchange for energy. It is also recognized as EVs and this will roam around the microgrids so that the ECT can be used as a toke for an access to the EV charges as long as it travels outside the home microgrid. The entire scheme is adopted as Aggregated Routes from OSPF Protocol v2 such as IETF STD 54 or RFC2378 propagating the inter-microgrid energy exchange. The protocol is divided into an entire network in several areas including the information topology and this will not be distributed in other areas where the area borders routers will act as the summery routes advertising the address blocks.
OSPF Concept
The OSPF concept has the leverages into the Eloncity Model scaling the inter-microgrid transactions. People will be able to adopt other protocols like in BGP for improving the system scalability and interoperability. The blockchain technology is still under the consideration for being at the infancy stage where the transactions will process through the capability by the increase in a rapid and dramatic advancement of the technologies by the enabled ECTP platform. The system will have the leverage for the experience in the foundational warehouse scaling for computing through the Cloud computing service as it is partitioning the complexity to the power grid in an easy scale by the system performance exponentially. The Eloncity Model will also leverage the Shard concept for scaling the decentralized energy grid incrementally increasing the performance as per the request. This will also important to mitigate the larger-scale for grid upgrades leaving the excess capacity for idles unnecessarily. Shard is a proven technique for scaling the database in support to the additional geographic locations.
Energy Import
The Eloncity microgrids may need to import the energy from the neighboring microgrids for one or more BLSPs. This will form the decentralized ledger and settlement to their transaction among themselves. The microgrid will have many BLSPs where each may operate independently with their own decentralized energy resources connecting through the multiple microgrids or acting as the service points for the utilities. The intra-microgrid energy will have the energy exchange where BLSPs might not compete with one another and this will compete equally in every other endpoint within a microgrid. The inter microgrid energy exchange will transact through the reconciliation by settling the BLSPs among the energy exchange routing paths. The future of the blockchain technologies will ultimately improve and also will find it efficient and less hierarchical during the process for settling inter-microgrid transactions.
Private sale : $19,000,000
Vesting period: 9-months locking position with 10% of token discharged in the meantime as the principle token discharge (six a month and a half after the finish of the fundamental commitment). From that point, 10% token discharged every month in 9 back to back stages.
Public token sale
• ICO Token Price: 1 ECT = 0.12 USD
• Fundraising Goal: 33,000,000 USD
• Total Tokens: 1,000,000,000
• Available for Token Sale: 32%
ICO Details
• Type: ERC20 – Utility
• Symbol: ECT
• Platform: Ethereum
• Minimum Investment: 0.1 ETH
• Maximum investment in the public sale: 3 Eth
• Soft Cap: $ 10 million
• Hard Cap: $33 million
• Payments Accepted: ETH and BTC
• Restricted from Participating: USA, China, New Zealand, and anyone who is a citizen or resident in a geographic area sanctioned by the USA as well as anyone subject to USA and/or United Nations sanctions
The Eloncity convention is planned to end up a fundamental programming for the trading of power between the nearby network. The convention contains a calculation in view of man-made consciousness to decide neighborhood equilibria of vitality costs continuously. The convention is a conveyed framework that catches all vitality exchanges and similarity and steadfast.
Eloncity intends to utilize an agreement instrument on the Delegated Proof of the Share. The Eloncity square will bolster up to 10,000 t/s (exchanges every second) and a savvy contract stage for vitality trade between network individuals. What's more, a sort of mining instrument will be made that will permit clients of BESS (battery vitality stockpiling frameworks), good with the Eloncity convention, to get ECT tokens for vitality stockpiling.
The decentralized and redundant local renewable generations of Eloncity is networked with BESS by the continuous power to the community during the emergency event centralized to the grid services as disrupted.
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