The blockchain network has opened a new dimension to the transaction system. It has made the cryptocurrency system feasible enough and making it easy to exchange. The blockchain networks are using various policies to encourage people in using their network. Some of them are very unique and might be promoting some different categories. Eloncity is one of the blockchain networks providing an organization that decentralizes the power of infrastructure into millions of self-sufficient microgrids. The platform comprises the designs of references for hardware and software products. This will deploy the entire operational renewable microgrid. The ECT tokens will facilitate the local energy exchange to incentivize the investment in ECTP and will create an open global marketplace enabling the communities all around the world to have access to renewable energy products and services.
ECTP Protocol
The ECTP is based on the blockchain technology in order to create highly efficient and trusted community platform in exchange for electricity. This also specifies the hardware devices to power the network requirements into the peer devices in exchange for electricity to the blockchain platform.
The protocol is an AI-based core algorithm determining the real-time energy pricing to the equilibrium for the local energy network. It recognizes through the energy supply and demand condition for the necessary condition for some other streets. This will have the value of electricity for the moment in different locations on a microgrid and the energy price will also determine the energy price of the Eloncity Model functioning in time and location.
Computation of Locational Energy
While decentralizing the electricity, Eloncity comprises with the computational locational energy price by the equilibrium of unit price in a specific formula charged for the energy generation sources called i, at time t and for quantity q. It is a setup for vector sp where the parameter is related to the energy generation by the method i. It is more likely the solar irradiation through the solar PV panels.
Here the X will be stepping as the function for computing the 0 outside and 1within the range of 0 and S. The production will limit the energy source of i during the time of t is an Eloncity microgrid. D(q, p) is like the unit price for the consumers in the microgrid that are willing to make payment by the quantity 1 at the time t because of the consumption purpose j. vector d is the set where the parameters will govern the localized demands of microgrid and the Q and P are the quantity of the equilibrium and price at the time of t.
Convention of ECT
EC T is facilitated the open market allowing the communities to exchange the energy all around the world for shared-resources. Locally it will have the right to use to the incorporated network for universal renewable energy products and solutions. All at once, this renewable product and service contributors will have some reimbursements form of the open market. ECT tokens are pre-minted as pulling out method will reward the ECT tokens for the customers accumulating the renewable energy by the convention of ECTP.
At the same time, as it is submissive with BESS, the mining will begin to function on condition that the smart business agreement will run the smart businesses from side to side the improved Ethereum blockchain technology platform by the maintenance of high-volume and high-speed communication.
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 commitment: $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.
1 USD = 9.8 ECT (Only ETH and BTC are acknowledged, Value will be pegged to USD recorded on the coinmarketcap upon the arrival of the commitment. Commitment begins from $200,000 USD and maximized at $600,000 USD, 15% off markdown connected).
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 decentralized renewable energy of Eloncity Model is utilizing the obtainable property combined with a number of superior technologies.
Website: https://eloncity.io/
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Telegram: https://t.me/Eloncity
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000589
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1965552