The main focus of Eloncity project is to develop an actual economy in the sector of power. Eloncity’s vision is to create a decentralized power generation network comprising of microgrids. Power generation is made in a centralized model which has high running costs, is vulnerable to lack of transparency, pollutes the environment and is not scalable. Eloncity’s microgrids will be powered by solar panels contributing power to a blockchain-based energy marketplace, with AI pricing models, creating an infinitely scalable business energy production model.
Eloncity project is not just a another blockchain projects in energy trading it is go beyond than that and will be a comprehensive community driven model. In essence, it facilitates production of renewable energy from solar photovoltaic (PV) cells at the micro level in customer or community site, store energy in the battery energy storage system (BESS) locally, and which could be exchanged and tradeable based on the supply-demand equilibrium. The aim of the Eloncity is to develop open Eloncity techs in order to create power virtually almost free and electrify the globe with clean power. The ELONCITY major objective is to find solutions for worldwide energy problem that affects every people. These plans focus on changing usual energy ways with decentralized energy infrastructure. This will solve the problem of imbalances in renewable power supply and demand.
The innovation of the project is the use of blocking technology in solving the global energy problem. Eloncity decentralized energy system, the electricity will be continuously produced and transmitted across all networks. So this system can be an innovative solution to problems related to the shortage, interruptions and cost of electricity. The system is transparent and open, so any person can use this platform to create electricity. The problem of creating and consuming electricity now affects absolutely all people. The Eloncity project going to change the centralized power system to network consisted of isolated self sufficient network of units. So the dream of an environmentally clean source of renewable energy can become a reality. There is a imbalance between supply and demand of energy and Eloncity bring a solution for this problem The presence of the AI system in the project is designed to regulate the flow of electricity pricing. And the presence of the IOT system will allow to balance the supply of renewable electricity to these places. Thanks to this, the Eloncity system will be able to extract the peak load from the last mile, which will provide users with electricity continuously and smoothly.
Eloncity is holding an ICO to raise a softcap of $10M and a hardcap of $33M. The investment will be split between three options:
Cornerstone investor: $6M
Private sale: $19M
Public sale: $8M
A total of 1 billion ECT tokens will be produced of which the maximum amount sold will be 32% of the total supply. 32% of the tokens will be reserved for miners. The remaining tokens will be distributed as follows:
Team: 7.5%
Eloncity lab: 14.5%
Marketing: 14%
Krypital is a major blockchain field marketing and consulting firm that gives specialized consulting services and cryptocurrency marketing services to worldwide customers. Krypital was established in 2017, and its headquarters is in Dallas, Texas with branches covering all financial centres in world wide. Proving its capability it has grown exponentially while contributing to some grounding breaking projects. Indeed Eloncity has made a perfect decision on selecting Krypital as their blockchain consultancy and marketing partner.
Clients: Cybermiles, ArcBlock, Merculet, Egretia
It is a world major digital asset exchange with vast experience in blockchain technology. They have a world-class team of professionals with expertise in technology. OK Capital provides a fully-integrated blockchain services for extraordinary projects in many ways such as blockchain consutation, technology support, capital investments etc. OK Group has invested more than 100 million US dollars to set up a start-up projects fund and is a cornerstone investor of the Eloncity project.
Web: https://www.okex.com/
Fenbushi Capital is a venture capital firm based in china. The Company is a major investment arm in Blockchain-enabled companies. It is a leading venture capital firm backed by some giants in the blockchain industry such as Vitalik Buterin, the founder of Ethereum blockchain, Dr. Feng Xiao and Bo Shen. The mission of the Fenbushi capital is to accelerate the inevitable future of Blockchain economy by supporting as many companies as possible. Fenbushi was founded in 2015 and its $50 million fund was one of the largest seed funding firms in the world.
Portfolio: Zcash, Pairity Technologies, Skuchain, Tierion, Sia Tech, Digix Global, Hijiro
Starwin Capital, is world leading financial platform provider which provides venture capital and growth services, cloud computing and cross industry networking.
CyberMiles is a next generation blockchain for smart contracts. It is a leading firm in e-commerce blockchain. companies can use the CyberMiles blockchain to manage their financial transactions. Eloncity is partnering with CyberMiles to build a blockchain infrastructure based on their open source software. This blockchain will support upto 10,000 tps (transactions per second) and a smart contract platform for energy exchange between community members.
Web: https://www.cybermiles.io/
Arcblock is the World's first blockchain ecosystem for building and deploying decentralized application. Eloncity has made a partnership with ArcBlock in launching Open Chain Access Protocol which is their innovative blockchain application.
In conclusion, Eloncity is a very promising project with a sound and innovative team. The given list of cornerstone investors clearly shows the potential of the Eloncity project.
Elonity Official Website: https://eloncity.io/
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
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