ELONCITY

There’ve been a lot of grid disaster focused over the times and have caused serious damaged during the term that new accesses to power production and allocation are required than ever before. Tech of block-chain and power are closely connected because now there’re a few difficulties in spreading clean power. The finance of tokenization and block tech is almost the single way to solve this issue. Though, not the entire plans can cope with this job.

The cost that power firms charge users is growingly high, putting financial force on users. In fact, the dealing system cannot solve the issue and help marketplace costs more.

ELONCITY

The ELONCITY program is aimed at developing an actual economy in the sector of power. 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.
There’re significant issues in existing centralized power system:

• A huge number of self-made disaster leads to the destruction of the atmosphere;
• The centralized ecosystem of production and supplying of power to consumers doesn’t meet the needs of reliability and safety;
• The complexity of delivering power to the user and adapting new power sources to the existing supply plans;
In addition, in terms of peak loads, the centralized ecosystem is not capable to offer the entire demand and move the unclaimed capacity to where it’s most needed. The solution proposed by the plan is justified and has an individual embodiment: hundreds of thousands of self-sufficient micro grids will be developed that’ll locally produce power full day. They’ll seem like a honey comb.

The ELONCITY project applying plan is divided into 3 main stages:

• The AI Foundation is a non money-making foundation that was made by the founder of ELONCITY and dealt with the power issue before the plan was applied. Power stages ecosystems, which makes battery-based storage ecosystems, was also designed.

• Over the next eighteen to twenty four months, the AI foundation will work with the state, learning institutions and scientific and GOVT bodies to scale ELONCITY model into, NA (North America) and Asia.

• The AI foundation will focus on the transferring of the ELONCITY model mass marketplace to each target markets in the universe.

The Block-chain is truly essential for the plan, consumers and producers of the power are suggested to be divided into micro grids. Any such group will have its own individual block-chain ledger (the issue of deal speed is solved by grouping and making of the personal block). The complete dealing systems will be applied via the block system via the algorithm of supply and demand structure and seasonality accounting.

The plan has previously started working and has an MVP. The ELONCITY was applied in the USA and successfully launched in the town in Mexico; a standalone micro grid was developed. The major partner of the ELONCITY project is the KRYPITAL Group.

The founder of the plan is Andy Li, Andy graduated from the UNI if Columbia. He worked as the principle at Cisco systems for over a decade and as an infrastructure planning in Ali Baba cloud computing firm for more than two years. There he was truly linked in renewable power task.

ELONCITY Project: ECT Token

ECT token (ELONCITY project token) is used as a utility token in the Program. As stated in the white paper, it serves 2 main features primarily.

• A standard of exchange on ELONCITY network, customers earn ECT token by trading the surplus power to peers, whereas society member uses ECTs to entrance local electrical energy services.
• A store of value on ELONCITY Platform, ELONCITY compliant Battery power storage ecosystem should reserve enough ECTs that are equivalent to the worth of its electrical energy capacity to contribute in the automatic exchange which ultimately makes the ECT token a store of worth backed by the value of electrical energy.

Final Thought

The ELONCITY is complete about decentralizing a turn towards localization from the un-binding the centralized power services to share consensus block ledger to virtual utility token. The model is not restricted to the technological efforts to redesign the power infrastructure but also changing bureaucratically loaded hierarchies empower societies and individuals to contribute in developing safe, vibrant, healthy, secure, equitable, sustainable power future.

The ELONCITY major aim is to solve a worldwide problem that affects every people. These plans focus on changing usual energy ways with decentralized energy infrastructure that’s made-up of several of self-sufficient micro nets and hereby create stored renewable power extensively avail at entire day. This would solve the issue of an imbalance in renewable power’s demand/supply, a serious topic in recent times.

More info:
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