Eloncity is the blockchain network providing an organization that is powering the world in free of cost. It decentralizes the power infrastructure into millions of self-sufficient microgrids producing energy locally and directly to the competitive utilities 24/7. The blockchain network provides tokens by ECTP in an open, secured and distributed ledger for efficient recording of the transaction for the energy services in the community in a verifiable and immutable manner. These certain features also facilitate the shared resources of the economy by maximizing the asset by utilizing the rates and cost-effective access to the decentralized renewable energy.
Primary Energy Supply
The decentralized renewable resources like solar PV or windmills will produce the energy intermittently so that it cannot be counted through the reliable primary energy supply. This will optimally couple with the local BESS by the management of customer energy in demand that is not running through the clothes dryer during the period of excessive amount of renewable energy production. The local renewable generators, intermittent renewable resources can have the ability to transform into firmed, reliable, dispatchable and valuable power generation.
The DCbus Scheduler has been harmonized through the EDEA’s key building blocks by the cryptocurrencies, blockchain energy by the exchange of the platform, real-time locational energy pricing, highly efficient bidirectional energy network, BESS and so on. This system will have the maximized rate for the asset utilization creating an attractive revenue stream for the coupled BESS and local renewable generations. In addition to, the customers purchase the ECTP-compliant BESS such as POMCube, NetZero and receive the ECTs as the financial incentives.
This will be used for the BESS in terms of storing newly harvested renewable energy with the help of smooth out to the local energy supply and demand service. It is like an ongoing revenue generation opportunity with the ECT incentive that works together with the efficiency in an asset by the utilization of transformation of BESS and renewable generation of asset into the attractive investments.
Eloncity is an arrangement of decentralized power age and capacity. It is a system of microgrids-smaller than usual power plants working on sun based batteries and collaborating with each other through the Blockchain. The Eloncity system will utilize man-made reasoning and machine figuring out how to control vitality free market activity amongst makers and buyers.
Producers can go about as associations and customary individuals. Because of the nonappearance of the previously mentioned misfortunes that are available in the conventional techniques for vitality creation, and support as financed state programs, this will be a beneficial business for makers. Additionally, the clients themselves will have the capacity to offer the abundance vitality for ect tokens, which can be changed over into some other cash. In tokeneke Eloncity laid the cost of power for ECT 16 megawatts.
Local Energy Exchange
BESS helps the Eloncity microgrid to smooth the local energy exchange solution by providing the critically needed egress and egress buffer at the customer promise. The BESS energy has a demand upon the contributors to the local grid by the stability of mitigating the needs with the cost-effective standby capacity services for the typical centralized grid system. The transitional microgrid will enable the BESS to import the energy for the predictable and stable levels.
Microgrids does not have enough local energy generations to meet the local demands and during the peak season, the demands for importing energy is not adequate to fulfill the local demands and the BESS will, therefore, discharge the capacity to fulfill the deficit. This system will facilitate the microgrid in order to maintain the energy imports at a constant rate. The import levels will be important for the predictable and stable energy by the importance to the microgrid operators for negotiating the competitive power purchasing the price.
During these periods of low demands, BESS foes into the charging mode to absorb the excessive local renewable energy production. The power absorption emphasizes the prevention of intermittent power injection to the local grid minimizing the grid disturbance, BESS will play the critical role to the Eloncity microgrids an as energy buffer enabling the stable and optimal energy supply and demand ecosystem.
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
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%
The Foundation of Eloncity has faith in the energy storage so that it can become an investment grade asset by the return of investment as it outperforms with the fixed income investments.
Website: https://eloncity.io/
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