ELONCITY ICO: A Decentralized Powered Micro-Grid Energy Trading?
The technology of block-chain is pushing for a revolt within the power industry by slowly reducing the era of the centralized wide scale of the power source. In place, block-chain promises to carry the demand for power into personal level auctions where potential power traders can sell their wares. Such is the manner in the ELONCITY program, as the project goals to unleash a block-chain backed micro power grid works with a localized energy source. With their power sector and distributions structure, ELONCITY hopes their technical tools could overwrite the existing field.
What is v ELONCITY program?
ELONCITY program is a decentralized renewable power system that comprises of top performance block tech to allow tracking and allocation of power generations sources. The block platform proposes on establishing a community where individuals seeking power can improve their participation and sharing power resource. The plan is in line with ELONCITY project's plan of mitigating the hurdles that hinder the adoption of the decentralized renewable power sources within the power sector.
What are the Major Objects of ELONCITY Project?
The major goal of ELONCITY is to solve a worldwide issue that affects each one. ELONCITY's focuses on replacing usual power systems with the energy grid framework made-up of millions of self-supplying microgrids, and therefore creates renewable power largely available at complete of the day. This'll address the imbalance in demand and supply for renewable power, a hot matter in recent times. People all around the globe have to experience the economic and political issues of declining fossil elements as-well-as the issues of renewable power production.
The ELONCITY program Decentralized Power Architecture
The ELONCITY Program decentralized power architecture is made of the following developing blocks:
• Smart Power Storage Ecosystem: the power storage ecosystem will work with IOT techs to help level the supply and demand of the produced renewable power
• Block Powered AI Trade Ecosystem: by joining Artificial Intelligence and block, ELONCITY hopes to found clear and fair power sector with actual time prices as a reference.
• Direct Current (DC) Appliance: ELONCITY will accommodate the applying of DC-driven tools to reduce the use of repetitive energy conversion and boost the competitiveness of the produced renewable power.
• POSE or Proof of Stored Energy: ELONCITY will incorporate POSE, which is a fresh mining plan to develop ESS investment level economic entities.
• Switching Direct Current Bus: with the power distribution and production, there's need to manage the power peaks, and the switching DC energy helps eliminate usual peak load permanently.
Potential benefits of ELONCITY's power service
• Reliability: there's huge reliability that arrives with using of ELONCITY program since the decentralized power framework system bears in inherent style to let the platform to adapt, absorb, anticipate or recover from potentially unruly scenarios.
• Low cost: the ELONCITY program model assists lower the power expenditure of its individuals by joining local Direct current grid networks, appliances as well as retrofits to eliminate power consumption or loses.
• Secure and Open Source: the ELONCITY block protocol works on a secures and open distributed ledger for efficient recording and tracking of deals for the power services.
• An efficient power marketplace: by applying the ELONCITY token (ECT) for its open marketplace, the platform allows users to reach a unified platform for worldwide renewable power solutions
• Emission reduction: the ELONCITY eliminates GHG emission by limiting or replacing the use of fossil element fuel backed power generation and lowering power consumption.
Can ELONCITY Program reach the power Mass sector?
There's a lot of buzz surrounding the abilities of the block as a distributed ledger for applying in the power field, and the ELONCITY project is just an instance in the sea of new power backed ICOs. Despite the apparent advantages, the ELONCITY remain has a lot of overcome with the stiff mentality within the power field becoming the initial of its challenges.
ELONCITY Token (ECT) Sale
ICO Sale: TBA
Token Details
• Ticker- ECT
• Token type- ERC: 20
• Platform- ETH
• Accepts- ETH
• The amount for sale- 32%
• Token supply- 1,000,000
• Hard cap- $33,000,000
• Conversion rate- 1 ECT= $0.12
The conclusion
Now I wish to say the existing ecosystems production are turn out to be obsolete; undoubtedly the technical procedure is not in place and its place of the existing ecosystem, later or sooner a new one will come. This ELONCITY plan solves worldwide and vital issues of humanity, free world power, sounds hopeful. And the roadmap of the plan scheduled till 2022, a long run project, but essential for us.
Useful Links :
• Official website: https://eloncity.io/
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• LinkedIn: https://www.linkedin.com/company/eloncity/
• Telegram: https://t.me/Eloncity
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