The Eloncity team is developing a global, decentralized network of stand-alone units capable of storing and distributing solar and wind energy. It is also planned that platform users will be able to create their common funds (or "pools"), which will make the storage and distribution of electricity low-cost. Communal organizations and centralized networks will be beyond competition.
The Singapore company Eloncity originated from the company POMCube, registered in California. At the head of these companies is Andy Lee, who previously worked in Cisco and the "cloud" department of Alibaba.
However, before the work of POMCube Andy Lee was mainly engaged in designing the infrastructure of networks on the Internet. In POMCube, he started producing BESS batteries, which allow you to store large amounts of energy.
Eloncity can be trusted also because it cooperates with the Krypital Group, which provides consulting services. It provides marketing support to promising block-platforms, which are just beginning their development.
How will Eloncity work?
The Eloncity team is convinced that success is due to teamwork. If people have inexpensive equipment that will be easy to manage, they will be able to solve their energy problems on their own.
At Eloncity it will be possible to buy compact equipment for extraction of electricity from solar or wind energy. Also with the help of these installations it will be possible to store and distribute the generated electricity.
What will the market benefit from the appearance of Eloncity on it?
1. Reduction of the cost of electricity;
2. Transparent and fair pricing;
3. elimination of the monopoly of centralized systems;
4. Local micro-networks do not depend on problems on the central network and are more protected from peak loads;
5. Equipment Eloncity applies progressive Internet technology of things (IoT).
6. Secure and transparent transactions using blocking technology.
With the collective method of building local infrastructures, the costs of operating and maintaining the facilities are shared between the users of the platform. Electricity exchange is regulated by the community, all transactions are fixed in the blockhouse. It is not necessary to contact the services of intermediaries, whose interests may not meet the interests of users.
In addition, the reward system will work on the platform. Users of Eloncity will be able to receive 16 internal ECT tokens for each megawatt saved.
It turns out that energy can be sunk.
The platform in the future intends to create a base of its installations generating energy, and establish a link between them. This will help each local community to enter new markets.
Each energy manager will be able to share his extra energy if it is required elsewhere during the hours of greatest stress.
Distribution of Tokens (Token)
Eloncity fundraising is a total of $ 33 million and a soft move of $ 10 million. The sum is split at $ 6 million for Cornerstone Investors. $ 19 million for private purchases and $ 8 million for general sale. In total, 1 billion tokens will be distributed as follows:
32% of the total amount to be sold
32% of tokens extracted for storage of renewable sources
7.5% of the team
14.5% Eloncity Laboratory
14% of marketing
Private Sales will conduct a two-tier crowdfunding process, which includes private and public sales. Until now, Eloncity has received financial support from some of the most reputable venture capitalist firms in this area, including Horman Capital, Collinstar Capital, Interblock Capital, OKCapital, Starwin Capital, LD Capital and Fenbushi Capital.
Public sale
Currently, the exact date of public sale was not released. However, token values are as follows:
• Ticker: ECT
• Token type: ERC20
• ICO Token Price: 1 ECT = 0.12 USD
• Purpose of fundraising: $ 33,000,000
• Total tokens: 1 000 000 000
• Available for sale tokens: 32%
• Know your client (KYC): Yes (no period set)
• Do not participate: China, USA
• Minimum / maximum personal cover: 0.1 ETH / 3 ETH
• Accepts: ETH
Public sales will be made on the Tokeneed platform. Potential investors can submit their legal information as they expect the details to appear. However, if you participated in any other ICO stored on the platform, such as Merculet or Egretia, you do not need to re-submit the documents.
ELONCITY MARKET DEVELOPMENT
The potential markets for Eloncity Solution will be areas serviced by fossil fuels and a centralized grid operating on nuclear power or those areas that do not have electricity services. Eloncity's penetration strategy aims to provide complete turnkey solutions in areas where there is no electricity infrastructure, while offering Eloncity's adapted Elancity solutions for existing utilities to address the chronic problems facing existing centralized networks in built-in environments. The Foundation will cooperate with existing utilities to strengthen existing networks.
References
• Official website : https://eloncity.io/
• unique Link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000416
• Whitepaper : https://eloncity.io/download/Eloncity_WhitePaper_V0.87_20180626_Final_Release.pdf
• Telegram : https://t.me/Eloncity
• Twitter : https://twitter.com/Eloncity_io
• Facebook : https://www.facebook.com/Eloncity-229599404279234/
• Bitcointalk ANN : https://bitcointalk.org/index.php?topic=4465922
• Medium : https://medium.com/eloncity