Introduction:
The demand for electricity is increasing yearly as the world population is growing and more and more devices are in need of energy. The 21th century we are living in is marked by the theme internet of things with everything beeing connected. For the upcoming years, as blockchain will be adopted and connecting the world, it is expected that the energy consumption will also increase with that. As of today, most of the energy we use is coming from electric grids. Although the past few years have been led with great innovations, the energy sector is lacking a bit behind. Existing energy grids are namely build on an aging design with a centralized grid architecture. Centralized power grids are facing more and more challenges regarding safety, reliability, security and increasing costs. For that, soon a solution has to be found.
Eloncity:
The Eloncity project is going to face those problems using the blockchain technology. Eloncity is trying to build up a decentralized energy design architecture with millions of self sufficient microgrids. By doing so, energy will be available at any time with the highest security standards and a way higher reliability than todays energy network. Through the blockchain technology furthermore Eloncity will use those advantages such as having full price transparency, which is nowadays mostly not given by the providers. Everyone who uses Eloncity and contributes to it, will make electricity virtually free, so the world can be power up with clean energy.
Features of Eloncity:
Using Eloncity will make energy free from:
- Pollution
- Over Engineering
- Exploitation
- Manipulation
- Excessive Conversion
- Downtime
- Involuntary Billing
The upcoming ICO:
Eloncity will be doing a tokensale soon in order to collect funds for their project. Currently the tokensale is restricted only to angel investors or also known as private sales. The public sale will be soon announced, so stay tuned for that. With that also will come a complete whitepaper, which will also reveal more information about this project. Currently all the information about the Eloncity project can be found either on their website https://eloncity.io/ or on their medium channel https://medium.com/eloncity. There you can not only find a more detailed problem statement about the current energy industry, but also a great interview with the CEO. So make sure to check it out.
The project is managed by the consulting group Krypital with its amazing and supportive community. Known successfull project managed by Krypital are for example Cybermiles, Arcblock, Merculet and Egretia.
The Team:
Here you can see the Team, which is working on the Eloncity project. Their CEO Andy Li has been working for Alibaba before and has acquired a lot of IT-knowledge. With the team having great expertise in the fields of IT, Blockchain, engineering and marketing, this team is well capable of making this project successful. If you are interested in getting known the team better, simply head to their website https://eloncity.io/ and check out their profiles.
Roadmap:
As Eloncity will be a long term project, they have already planned their roadmap until the 4th quarter of 2022. The idea behind this project already have started back in the end of 2014. I'm sure a more detailed roadmap will be reveiled in the whitepaper and also after the ICO. To check out the current roadmap, please refer to the official website, since the roadmap posted below might be a little to small to read.
My Opinion:
The project idea behind Eloncity sounds super exciting. Their vision of powering the world for free is super innovative, but also comes with a lot of challenges. Therefore Eloncity is in my opinion quite a long term project, which will take several years for worldwide adoption. But with the team behind the CEO Andy Le, I highly think that they will be able to revolutionize the energy industry, once their ICO will be finished. For that I'm currently already very excited for their ICO details to be launched soon, which also will come with a whitepaper for further information about Eloncity. So stay tuned for a second update on the Eloncity project from my side.
Further Information:
Want to know more about the Eloncity project? Take a look at their official website and their soon to be released whitepaper for more information. Also subscribe to their official communication channels to stay up to date. Any questions, feel free to comment below.
Website: https://eloncity.io/
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
My Bitcointalk Profile (Rano): https://bitcointalk.org/index.php?action=profile;u=1609093
My Tokeneed ID: 5472466042
My unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000115
Eloncity seems like a really good project. I have read the whitepaper and it is fantastic.
Nice project, especially since it is managed by Krypital, who are super good in what they are doing!
Great review on the Eloncity project. I'm already eagerly waiting for the ICO to contribute. I think that Eloncity will be a great project to invest in. I'm looking forward for an update from you, when you have more information about the tokensale. Thanks @bumshak
Hey lena. Thanks again for your feedback. Great to hear, that you are going to invest into Eloncity. Stay a bit more tuned for an update. I will for sure do another review with more information about the tokensale.
Where the free energy comes from?
Hey, thanks for your question, have an upvote from my side for this. As of my understanding Eloncity will use microgrids that will use the so called "DCbus" to connect to dwelling units. People then can share decentralized energy sources such as Lithium-Ion batteries, photovoltaic arrays, H-axis wind turbines, solar energy or any other generators that might use renewable fuels. I can provide you with more information, once the whitepaper is released.
great review and one of the projects I am willing to invest right now. I hope we soon have more information about the public sale. I think the Egretia project was sold out after 4 minutes...I expect the same here but please without gas war.
Agree on that. I am also quite excited for the tokensale. Stay tuned for my further update when infos are released.
Congratulations @bumshak!
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Cool, thanks so much!
Great project! I will be happy about the mutual evaluation of my article, about ELONCITY