ELONCITY - Power the World for FREE
Introduction
As progressive as it sounds, Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.
The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can't be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It's a reputation that looks good for blockchain innovation as it keeps on being produced.
OVERVIEW OF ELONCITY
Eloncity is a venture in light of decentralized sustainable power source outline design. It contains a blockchain stage which gives productive, secure, open account of vitality exchanges. The "Eloncity Model", is an approach which is network driven and bolster decentralize sustainable power source assets to accomplish proficient, practical, sheltered, solid power supply. Eloncity is the fate of intensity industry.
Moreover, Eloncity is a decentralized sustainable power source biological community that involves superior blockchain innovation to empower following and dispersion of power age sources. The blockchain stage proposes on building up a network where people looking for vitality can upgrade their cooperation and sharing of vitality assets. Eloncity with utilization of ECT token will help networks and in addition the people and organizations inside them to put resources into vitality proficient offices and supplies that will spare them vitality and cost and furthermore help in the age of sustainable power source for their utilization.
Goals
ELONCITY is an arrangement not so new to the overall power division, but rather its originators need to utilize Block tech to get to the destinations. They intend to build up a unified power framework comprising of huge amounts of miniaturized scale systems capable of self-managing power. Power will create and distributed all through the systems around the time. Such a framework will straightly rival existing vitality supply frameworks with outright clearness of the costing framework. Anyone can utilize the stage for control generation for nothing.
The real objective of the ELONCITY is to comprehend the world issue, which influences the whole without desire. The authors of the thought hope to supplant regular power frameworks with a foundation of intensity lattices, comprising huge amounts of free smaller scale systems. In this way, clean vitality created by sustainable sources will be profit on a typical premise.
This will decrease the issue of the irregularity of interest and supply for inexhaustible power sources, which is a genuine subject of the old couple of years. Individuals whole over the globe confront the monetary and political difficulties of diminishing fossils, and in addition the issues of creating sustainable power.
The engineers of ELONCITY designed to apply square tech to explain squeezing power issues and preferred standpoint whole of the network. The arrangement can prompt the advancement of carefully free power, offering the whole world with reasonable and eco-accommodating vitality.
Problem
The vast majority of the vitality we utilize is originating from electric matrices. In spite of the fact that the previous couple of years have been driven with incredible advancements, the vitality division is inadequate with regards to somewhat behind. Existing vitality matrices are in particular expand on a maturing outline with a brought together network design. Brought together power frameworks are confronting an ever increasing number of difficulties with respect to wellbeing, dependability, security and expanding costs.
Solution
The Eloncity venture will confront those issues utilizing the blockchain innovation. Eloncity is attempting to develop a decentralized vitality outline design with a large number of independent microgrids. Thusly, vitality will be accessible whenever with the most noteworthy security norms and a way higher unwavering quality than the present vitality organize. Through the blockchain innovation moreover Eloncity will utilize those points of interest, for example, having the maximum straightforwardness, which is these days for the most part not given by the suppliers. Everybody who utilizes Eloncity and adds to it, will make power for all intents and purposes free, so the world can be control up with clean vitality.
The Main Features
Blockchain-based AI exchange framework
Shrewd Energy Storage Systems
Exchanging DC Power Bus
Coordinate Current machines
Verification of Stored Power (PoSp)
A square stage that gives an open, secured control exchanges the network. The square stage additionally enables the ELONCITY people group to establish a review capable database for following wellsprings of intensity age bunch inside the network, that is GHG free or Non-Fossil Fuel based power.
A savvy organize battery control stockpiling framework conveyed on the customer premises to orchestrate little power supply request.
Customer sited or network upheld inexhaustible age gatherings, for example, Solar Panels combined with the shrewd arranged battery control stockpiling framework that can finish the whole nearby power requests.
A people group DC vitality arrange that applies the inexhaustible DC vitality all the more viably by limiting the misfortunes from proceeds with AC to DC to AC transformation.
Network Driven usage and arranging will persist achievement of the network's exchange into the supportable, regenerative power future. Because of the reason that the general public and their children need to live with this power future, it's basic that the general public has exuberant participatory parts in characterizing and growing new power future.
Token and ICO Details
The ECT is a utility token designed to facilitate energy exchange within an Eloncity microgrid and among adjacent Eloncity microgrids. Eloncity aims to make the ECT token the means of payment of an internationally unified renewable energy marketplace that connects various local communities with each other. The Eloncity Token (ECT) enables energy exchange on an Eloncity microgrid that is compatible with the Eloncity Token Protocol. Supplying and consuming energy on the Eloncity network is paid in ECT tokens. The total market capitalization of the ECT token will reflect the value of the electricity that is traded on the network. Eloncity estimates that the market capitalization of the ECT token could reach 560 million USD in 2040, expressed in 2018 USD values (correcting for the future inflation rate of the USD).
Token Details
Type of token: ERC 20
Symbol of token: ECT
Hard Cap of the project: $33 million
Platform of token: ETH
Payments Accepted Private sale and Public Sale: ETH and BTC
Minimum Investment in the public sale: 0.1 ETH
Maximum investment in the public sale: 3 Eth
Countries which are restricted from Participating: USA, China, New Zealand etc
Token Function
Store of Value
Each ECTP-compliant device needs to reserve sufficient ECTs that is equivalent to the value of its electricity capacity to participate in the automated exchange. That makes the ECT a store of value backed by the value of electricity. The value of each ECT is determined by the total energy transaction volume of the ecosystem, and the velocity of the ECT transactions. Due to the exchange reserve requirements, there is a limit for the monetary Eloncity, which creates value for the ECT and produces a stable token system.
ROADMAP
Team
For more information, please visit:
Website: https://eloncity.io/
WhitePaper: https://eloncity.io/download/whitepaper-20180717update.pdf
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Medium: https://medium.com/eloncity
LinkedIn: https://www.linkedin.com/company/eloncity/
Telegram: https://t.me/Eloncity
Krypital Bounty Group: https://t.me/KrypitalBounty
Krypital News: https://t.me/KrypitalNews
Author TheJohnMatch
Mybitcointalkprofile:https://bitcointalk.org/index.php?action=profile;u=1673694
