Eloncity - Power the world for free

- August 17, 2018

Eloncity - Power the world for free

Introduction :

Energy is the origin of life, what do you think if we can apply Blockchain technology to the management, distribution of precious resources of our world ?! The Eloncity ICO project was born for this reason.

Eloncity is a very new project, the basic information about the project has just been launched by Krypital Group (a marketing firm for Crypto / Blockchain projects - has introduced many successful projects including CyberMiles, ArcBlock , Merculet, Egretia)
Andy Li, founder of Eloncity and POMCube, served as chief technology officer for ChinaCache and a computer researcher at Alibaba Cloud. During his 12 years of experience working for Cisco in the United States, Andy developed an in-depth knowledge of traffic engineering and has since conducted extensive research into intelligent network access.

Advantages of the project :

ELONCITY is a project not so new to the world energy industry, but they want to apply Blockchain technology. Eloncity wants to decentralize its power system into millions of microgrid grids capable of self-supplying electricity. Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units. Electricity prices will be more transparent. EVERYONE CAN USE ELONCITY TECHNOLOGY FOR FREE ELECTRONIC MANUFACTURING. And so, we can power the whole world using clean energy. Eloncity wants to decentralize its power system into millions of microgrid grids capable of self-supplying electricity. Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units.

The basic idea of Eloncity is that today's power system decentralization into millions of microgrid grids is capable of self-supplying electricity. Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units. Electricity prices will be more transparent.

Anyone can use Eloncity technology to produce electricity for free. And so, we can power the whole world using clean energy. This is not new to the world energy industry, but the important difference is that Eloncity uses Blockchain technology to solve the problems of the current system with two outstanding advantages.

The Eloncity Project addresses four major issues related to electrical power: Environmental and Public Health Issues (Pollution Caused by Electricity Generation and Distribution) Safety and Reliability of the System System adaptability and system resiliency

The Eloncity Project slove four major issues related to electrical power:

Environmental and public health issues (pollution caused by the production and distribution of electricity)
Safety and reliability of the system
Adaptability and system resiliency
The issue of electricity costs and its transparency

Team & Advisitor

Justin Wang – Product Manager
Gregary Liu – Marketing Director, Americas
Dunping Yao – Hardware Engineering Manager
Peng Xu – Software Engineering Manager
Haichuan Jiang – System Verification Manager
Allen Ding – Project Manager

Robert Mao (CEO & Founder of Arcblock) or Bryan Allen (Software Engineer of NASA Jet Propulsion Laboratory Task Force.) He started working at NASA from In 1987, he is now working with the Mars Reconnaissance Orbiter.

Partners:

General partner (PREMIER COLLABORATION PARTNER) is Krypital Group– a marketing firm specializes in comprehensive Blockchain marketing services worldwide. Most of the projects which Krypital Group deals, are well-known to our readers due to our ICO reviews.

Ico details and token allocation

TOKEN SALE: PERIOD ISN’T SET
Ticker: ECT
Token type: ERC20
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%
Know Your Customer (KYC): YES (PERIOD ISN’T SET)
Сan’t participate: CHINA, USA
Min/Max Personal Cap: 0.1 ETH / 3 ETH
Accepts: ETH

Eloncity will be powered by Eloncity Token (ECT), which will have a few key functions:

Exchanging energy – ECT will be used as a medium of exchange for parties that wish to exchange energy with each other. Consumers provide extra energy to those on the network and earn ECT.
Store of value – battery energy storage systems (BESS) need to reserve ECT equivalent to their electricity capacity value. Thus, ECT is backed by the value of electricity in the Eloncity ecosystem.
“Mining” rewards – BESS, which can be thought of as mining nodes or proof of stake nodes in the Eloncity ecosystem, will be rewarded with ECT for storing renewable energy

Conclusions

Introduced by Krypital Group, Unique Idea: Application in energy resource management, clean energy, renewable energy.

The team is quite strong and experienced, with a background of successful projects or experience of job in solid companies. The team is balanced from the point of view of effective business.

Roadmap is developed from 2014 to 2022. Moreover, the points of development of the project in the roadmap are well coordinated with the world initiatives in the development of the world energy market.