ELONCITY is a blockchain enabled platform formed by a group of professionals with many years of experience in the engineering of power, software and hardware and tech industries with the objective of providing access to cleaner energy at a very reasonable rate. ELONCITY decentralizes the capacity foundation into a large number of independent microgrids. ELONCITY carries the power generation nearer to the consumer and also assures to create power accessible 24/7 for its users.
Advantages of ELONCITY Technology
• Secured and Open Energy Transaction– The ECTP or the Block Chain stage provides an open, anchored and disseminated record for a skilled chronicler of the exchange of vitality benefits in the network in certain and changeless manners.
• Bound together and Efficient Energy Marketplace– ELONCITY Token inspires an open market that authorizes networks far and wide to trade vitality and shared-assets locally and moreover to get to the brought together a system of worldwide sustainable power source items and arrangements.
• More prominent Reliability-The ELONCITY provides extra prominent vitality benefit unwavering quality via the decentralized vitality engineering’s natural outline capability to envision, assimilate, modify to and quickly recoup from possibly problematic occasions. The Eloncity Model is an instant reaction to address the jumble of power free market activity at each level of the framework arrange and conquer risks of single point vulnerabilities characteristic in the centralized grid design.
• Lower Costs– The Eloncity Model is proposed to cut down Eloncity people group vitality consumptions over the undertaking’s supportive life. The vitality consumption funds are accomplished by the mix of the Local DC lattice arrange inside every network, extensive apparatuses fuelled by the DC power, combined with focused vitality proficiency retrofits to cut down general vitality hardships and utilization and also creates sustainable power source locally to balance all or the vast majority of neighborhood power requirements. Flatten top vitality requests to limit the costly request limit fees.
• Low-outflow Vehicles/Transportation-The Block Chain structuresand Eloncity control framework include a propelled strength administration framework, nearby inexhaustible power age, a keen organized BESS, electric vehicle (EV) to network association, and wandering EV charging to assist the zap of transportation. With the benefits of EV and V2G innovations, the Eloncity Model advances the open wellbeing, wellbeing, and lower cost of transportation.
ELONCITY Token Details
Eloncity will be driven by Eloncity Token (ECT), which is having few main functions:
- Exchanging energy – ECT will be used as an exchange medium for parties who wish to exchange energy with each other. To those on the network, Consumers provide extra energy and earn ECT.
- Store of value – battery energy storage systems (BESS) required for reserving ECT equal to their electricity capacity value. Accordingly, ECT is backed by the value of electricity in the Eloncity ecosystem.
- “Mining” rewards – BESS, which can be similar to mining nodes or proof of stake nodes in the Eloncity ecosystem, will be rewarded with ECT for storage of renewable energy
Token Sale Details are,
• Fundraising Goal: 33,000,000 USD
• Total Tokens: 1,000,000,000
• Ticker: ECT
• Token type: ERC20
• ICO Token Price: 1 ECT = 0.12 USD
• Available for Token Sale: 32%
Risks
• Private sale distribution is a bit lopsided comparative to public sale allocation ($19m vs. $8m) but nine-month vesting period for private investors aids balance this.
• The highest contribution for private sale investors is unspecified.
Growth Potential
• The Eloncity team has a lot of related industry experience, which is probably even more essential in a high barrier to entry industry, like energy.
• The highest contribution for public sale investors topped at 3 ETH. Joined with the fact that there seems to be no lockup or vesting for public investors, this can aid to prevent immediate dumps after exchange listing.
• The Telegram group has been seeing decent progress, signaling some method of investor interest (according to this tool).
• Similar ICOs like WePower and Power Ledger have done well (Power Ledger did very well at one point).
• Partner Krypital Group has assisted other ICOs such as Arcblock and CyberMiles do well.
Conclusion
Electricity bills from the old power generation and distribution system is on the high side and end users have to pay more than what they are consuming. But with the ELONCITY project there a transparency in the energy pricing system is created. Building ELONCITY on the blockchain technology guarantee transparency and fairness to its users as it is known that the blockchain technology is the highest transparent technology on earth. ELONCITY is merely the future of Power generation and distribution and any business minded individual will take this opportunity seriously.
uniqe identification link
http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000167
For more information, visit:
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Main Website: http://www.eloncity.io
Medium: https://medium.com/eloncity