The budding technologies are collectively unsettled by the progress of the blockchain technologies. It is one of the questionable ones and these are flattering as disrupting and inventive gradually. The cryptocurrency rudiments are connected in abundance to this fundamental technology and distributed ledger to take delivery of such awareness from a choice of industries. Eloncity is the blockchain network powering the world without any cost. It ensures the decentralized infrastructural in order to power the self-sufficient microgrids. The consumers are privileged by the technology used and it is making the electricity virtually without any charge from the world with clean energy.
Eloncity Token Overview
The utility tokens of Eloncity are known as Eloncity or ECT tokens. These tokens smooth the progress of the local energy replacement incentivizing with the investment in ECTP tribute to the battery energy storage system or BESS. This will eventually produce an open global marketplace facilitating the communities all around the world for contacting with the advanced renewable energy products and services through the ECT.
Eloncity will release 1,000,000,000 ECT which will be obtainable by the endorsement of the association. Total tokens will be issued 320,000,000 ECT and will be dispersed by the bounty movement according to the contribution of the investors. The ECT token holders will have the facility to exchange the tokens according to the list provided by the authority and will publish into their website and social media as soon as it is fixed.
Pricing
The non-linear process of the token system and their parameter is associated by the vectors. It is leading to the price equilibrium which is not observable directly. This can be predicted through the equilibrium of energy price into the microgrid and needs to be estimated through the probability distribution of the price, quantity and parameter spaces.
The assumption can be an approximate latent process lead by Markov. It is like a filtering particle approach that can be used for making estimation to the probability of distribution.
Elasticity of Energy
The Eloncity microgrid process of the blockchain network collects minute to minute data from the endpoint BESS on local supply and demand condition. This will measure the elasticity of energy supply-demand to each customer premise. Such endpoints can be compliant to ECTP and can act as oracles for the smart contracts to the blockchain. The owners are also the users of the ECTP device and it can be settled with the price in exchange for the numerous conditions like BESS power reserve for the limited and applicable period for every day.
The Artificial Intelligence machine of the Eloncity machine will have the learning for the algorithm analyzing the real-time supply-demand for the data to the endpoint on the microgrid by computing the participation of the distribution to the probabilities. These algorithms of Artificial Intelligence will begin to have the assumption in order to set the initial conditions for initiating the Markov process. This will eventually learn for the probability to the optimal energy through the price for each endpoint on the microgrid.
ELONCITY Private sale and Public Sale
We can separate Eloncity token deal to essentially 2 fundamental stages
- private sale is dynamic at this point. On the off chance that you keen on joining currently please visit the official site through the given connection toward the finish of this article and fill the application which is given on the site. At that point you have to hold up at some point till the check procedure is finished. What's more, you need to pass the KYC check process effectively. Afer each progression in the check procedure is over you will get an email with facilitate directions.
ICO Details
• Type: ERC20 – Utility
• Symbol: ECT
• Platform: Ethereum
• Minimum Investment: 0.1 ETH
• Maximum investment in the public sale: 3 Eth
• Soft Cap: $ 10 million
• Hard Cap: $33 million
• Payments Accepted: ETH and BTC
• Restricted from Participating: USA, China, New Zealand, and anyone who is a citizen or resident in a geographic area sanctioned by the USA as well as anyone subject to USA and/or United Nations sanctions
Private sale : $19,000,000
Vesting period: 9-months locking position with 10% of token discharged in the meantime as the principle token discharge (six a month and a half after the finish of the fundamental commitment). From that point, 10% token discharged every month in 9 back to back stages.
Public token sale
• ICO Token Price: 1 ECT = 0.12 USD
• Fundraising Goal: 33,000,000 USD
• Total Tokens: 1,000,000,000
• Available for Token Sale: 32%
As soon as the probabilistic equilibrium price determines of the Eloncity tokens, the devices will be at the local energy network automatically putting towards the bids in exchange for the energy around the equilibrium price. The transactions are automatically recorded to the smart contracts on the blockchain ledger in support of high-speed real-time security exchanges. The ECT crypto tokens will be served as the medium of exchange for the energy transaction.
Website: https://eloncity.io/
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Telegram: https://t.me/Eloncity
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000591
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1965128