Electrify Asia is poised to make huge moves very soon. Every time they’ve modestly hinted at a future development, they’ve over-delivered, as they did most recently in their partnership with TEPCO, the largest utility company in Japan (4th largest in the world). Electrify Asia is building an intelligent energy ecosystem for Asia.
Builds on an existing business running successfully and turning a profit since March 2017: electrify.sg
Electrify Asia is creating a decentralized intelligent energy marketplace/ecosystem for Asia.
Is purpose built to utilize PLASMA and OMISE GO
Will help both consumers and producers. More choice. More savings. -- More transparency. Less barriers for alternative energy sources.
Based in Singapore, the place for innovative blockchain projects. One of the most crypto friendly countries.
Marketplace features commercial retail contracts, p2p energy and conventional providers.
The ELEC token allows the producers and retailers to access Electrify Asia’s ecosystem. Retailers and producers will be required to stake their ELEC as a deposit to offer their energy in the marketplace. Transaction fees will also be paid by energy providers using the ELEC token for the usage of Electrify Asia’s smart contract platform.
Distributed ledger technology will allow every participant to have an identical copy of their contract details, monthly or periodic energy usage, settlement details and energy fees.
Decentralizes a heavily centralized utility marketplace. Will transform the industry. This is exactly what blockchain projects should be doing.
PARTNERSHIPS and ADVISORS
Electrify Asia signed an MOU with TEPCO, the largest utility company in Japan and 4th largest in the world (they provide electricity to TOKYO): https://medium.com/electrifyasia/befriending-goliath-599a2363a413
Partnership with SERIS, the leading global applied solar institute. https://medium.com/electrifyasia/working-on-research-and-development-9e8ec9e96b84
Partnerships with many other leading SE Asia power companies viewable at electrify.sg
CEO, Julius Tan, was featured in Forbes 30 under 30 in Asia.
Founder of OmiseGo, Jun Hasegawa is an advisor. Jun will be assisting with direction on blockchain scalability and payment solutions for Electrify Asia. "Reason why I’m confident this project, because Electrify has real business going on and that indicate real world business that bring real value to consumer level. Also there is significant requirement of scalability which what OmiseGO solving with Plasma :)" - Jun Hasegawa, founder of OmiseGo
Jeffrey Char, head of blockchain initiatives at TEPCO (biggest Electric company in Japan) is an advisor.
Martin Lim (COO) is constantly putting himself out there, doing interviews and going to conferences.
UPCOMING
Electrify Asia recently announced an airdrop for all OMG holders: https://twitter.com/ElectrifyAsia/status/988609395654365184
AMA with OMG founder Jun Hasegawa this Friday, the 27th, regarding Electrify Asia and its future.
The team stated that May will bring significantly bigger developments than the TEPCO partnership
Plasma deployment this summer
INVESTMENT CONSIDERATIONS
Power Ledger of Asia to put it in simple terms. Power Ledger is Australia only and is 6x the market cap of ELEC.
ICO went extremely smooth and handled well.
Active community, 10k members in the telegram group with Martin Lim (COO) and even Jun Hasegawa (founder of Omisego) joining in occasionally.
Still very cheap and early as the coin remains under the radar.
$ELEC is trading on KuCoin, IDEX, and Gate.io
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