What is Eloncity?
Eloncity uses blockchain to record transactions in the community and establish an auditable record for tracking the sources of electricity generation in the community. A crypto utility token (Eloncity Token, ECT) facilitates local energy exchange and incentivizes investment in battery energy storage systems (BESS) for storing harvested renewable energy on the customer's property. The Eloncity Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loans, which will help initiate the Eloncity project in communities lacking necessary funds.
The Eloncity project is a platform that uses blockchain technology in its work and aims to actively expand and spread the use of renewable energy sources - wind and solar energy. The main feature of the project will be the ability to store electricity and carry out its subsequent distribution. At the same time, electric power transmission will occur with minimal losses and with high efficiency in comparison with centralized electric networks.
Overview
A great many people will concur that the world needs to move towards "clean vitality" arrangements. Be that as it may, it's been a very long time since individuals have been stating that and nothing noteworthy has been expert. Individuals still swing to petroleum products on account of their modest cost, paying little mind to any negative impacts they may have on the earth.
Blockchain is being touted as a conceivable answer for the majority of this.
Eloncity is attempting to convey blockchain to vitality and power the world "for all intents and purposes for nothing".
Eloncity’s approach is multifaceted:
A blockchain-based energy trading system will make energy trading more transparent and trustworthy (thus increasing peoples’ willingness to trade clean energy with each other), and an AI algorithm will help users find the best market prices
Using IoT technology, energy storage will be smart instead of kept in excess for no reason. The demands of local users will match supplies of locally produced clean energy, which will reduce storage inefficiencies and subsequently energy costs
A switching DC power bus will fix the “last mile” problem, where last mile networks that supply energy can get congested, removing peak energy load problems by allowing energy to flow freely to and from different parties
Support for direct current appliances – new appliances that use direct current (DC) eliminate redundant AC-DC-AC power conversions. Eloncity will support these appliances, which helps make locally produced renewable energy costs competitive to those of conventional energy
Proof of Stored Power (PoSp) mining scheme that will make energy storage systems investment-worthy financial assets
The project is highly technical and we recommend taking a look at the Eloncity whitepaper for a full overview.
Private Sale/Public Sale Terms and Conditions:
Name of the token: ECT
Standard: erc20
Total number of tokens released: 1 000 000 000 ECT
Total number of tokens for sale: 320 000 000 ECT
Private sale: has already started
Start Public Sale: there is actually no specific information yet, but will be announced in the near future. Information about the beginning of Public Sale will be announced in the official telegram group of the project. Just check daily and it will be announced soon.
Token price: 1 ECT = $ 0.12
Minimum investment size: 0.10 ETH
Soft Cap: $ 10 000 000
Hard Cap: $ 33 000 000
ROAD MAP:
TEAM:
Conclusion:
It ought to be noticed that we can discuss the purported group of three of vitality issues: the shortage of the fundamental vitality sources caused by their exhaustibility and uneven appropriation on the planet, the weakening of the environmental circumstance, consistent clashes for constrained assets. The arrangement of the above issues is conceivable because of the utilization of sustainable power sources, which will diminish natural contamination and unravel the issues identified with "vitality hunger". The Eloncity venture will be an imperative beginning stage for enhancing the personal satisfaction of each individual on Earth. In view of the majority of the above, I consider the task promising. I trust that the undertaking group will prevail with regards to executing the plans and wish them the good luck in this.
For more infomation please visit:
Eloncity Official Website: https://eloncity.io/
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Athor: drac0ryubg
Profile BCT: https://bitcointalk.org/index.php?action=profile;u=2192201