Eloncity Review

ICO or Initial Coin Offering lately more incessant progress. a lot of developers are using this method to raise funds for the sake of developing their projects. The funds collected can reach millions of US dollars.

They collect funds from their Project by selling their ICO Coins, exchanged with Ethereum coin or Bitcoin in a very different ratio.

And if you want to buy Coin from their Project you must have Ethereum / Bitcoin balance and must have ID or Passport.

Today there are so many Investors from around the world who invest their money into a Project that they think Project is very good and useful for now and in the future.

Well on this occasion the Markas Coin IND will give you information on the Eloncity ICO Project.

Projects and Team of Projects ICO Eloncity are very great. And after I'm the analysis of this Project is very useful in the Future. I have also invested in this project.

If you want to find out about the Eloncity project. You can search for them by reading their whitepapers, roadmaps, and websites. And if you want to ask you can join their Telegram Group.

Okay before you visit the official site or read their whitepaper, it would be nice if you read a little article Markas Coin IND about the Eloncity Project. Let's talk about Eloncity Project together.

TECHNOLOGY OVERVIEW

Figure 1 displays the key technology building blocks of Eloncity Decentralized Energy Architecture (EDEA), an ecosystem of decentralization technologies and crypto economic tools to enable the shared regenerative energy economy. The modular design facilitates tailored deployment of Eloncity microgrid for diverse communities around the world. An optimal Eloncity configuration would be a direct current (DC) microgrid serving customers within a one-mile radius. This microgrid uses the DCBus Scheduler to manage the power flows in the community. The shared resources in an Eloncity microgrid would be locally generated renewable energy, and the equipment such as BESS, PV arrays, small wind turbines, electric vehicles, DCbus Schedulers and other decentralized renewable energy assets.

Eloncity microgrid resources sharing help to maximize asset utilization rate and accelerate the return-ofinvestment of the assets. The blockchain exchange platform, or the Eloncity Token Protocol (ECTP), functions as the open and secured public accounting ledger. This ledger would track the transactions of community resources sharing and the sources of delivered electricity, renewables or fossil fuel. The ECTP is an enhanced Ethereum blockchain platform that supports high-volume high-speed transactions. The ECTP smart contract equitably allocates the cost-benefits based on where and when the shared resources are used. To support optimal local energy supply and demand, Eloncity’s artificial intelligence (AI) technology and community network10 provide real-time information on local energy pricing to participating community members to aid in informed decision making. Each community member can set his or her own purchase prices for needed energy, and sales prices for the excess energy. The design’s objective is to optimize localized energy supply and demand in real-time. For microgrids that cannot satisfy their own demand with locally produced renewable energy, they can import energy more cost-effectively given that their energy demand is stable and predictable. A microgrid that continues to rely on imported power to meet their demand is called transitional microgrid. While a self-sufficient microgrid is a long-term objective, the transitional microgrids can dramatically reduce the operational cost of existing centralized grids in the near-term and help to reduce cost-burden to the ratepayers. Additionally, Eloncity Model includes a crypto utility token, Eloncity Token (ECT), to facilitate local energy exchange and incentivize investment in battery energy storage system (BESS) for storing newly harvested renewable energy, as well as creating an open global marketplace for renewable energy products and services.

ELONCITY TECHNOLOGY BUILDING BLOCKS

CRYPTOECONOMIC FRAMEWORK

In centralized grids, the utility uses time-of-use (ToU) retail energy rates to influence customer energy consumption behaviors. However, the existing ToU rates are generally coarse, lacking real-time locational information of the supply system and customer demand conditions to effectively optimize energy demand and supply. These retail ToU rates are rudimentary with simple on-peak and off-peak prices based largely on central planners’ approximation of future supply and demand. The ToU rates apply uniform pricing to all customers within each customer class across the entire service area, regardless of the supply and demand condition at customer sites. Even the sophisticated energy wholesale markets, such as California, rely on dayahead data for the system supply and demand planning. The results of the existing approach to balance energy supply and demand are a highly inefficient oversized system and costly reserved generation capacities that stand idle most of the time. On the other hand, Eloncity Model uses a cryptoeconomics framework to help determine a granular real-time locational energy price for optimizing the energy supply and demand at an individual customer level.

The recent innovations in blockchain technology and cryptoeconomics engineering designs have enabled the development of Eloncity energy exchange platform that combines high-speed community network with intelligent hardware, software and crypto utility tokens. The Eloncity energy exchange platform supports an open and secure energy exchange network for efficient real-time machine-to-machine energy exchange. The Eloncity microgrid will be covered with a network of sensors to detect real-time energy generation and consumption. Additionally, the Eloncity Model uses AI algorithm to predict the elasticity of local energy supply and demand, determine fair local energy price, and issue real-time market price signals to customer-BESS for automatic energy export or import energy based on customer preferences. The overarching goal is to use the real-time equilibrium price signals to automate exchanges of local renewable energy amongst customer-owned energy assets (i.e., dispatchable loads, energy storage, renewable generations, etc.).

Real-time dynamic pricing is a highly effective tool to optimize elastic energy supply and demand. Like many commodities, power producers will export more energy into the network, through previously stored energy or increased power generation capacity, when the price is high. At the same time, energy consumers will increase energy consumption when the price is low. As shown in figure 4 below, there is an energy price equilibrium that balances power supply and demand at any point in time and a given grid network.

Eloncity’s proposed locational real-time energy pricing framework tackles the foremost challenge of geospatial and temporal mismatches of renewable energy supply and energy demand throughout the existing grids. The Eloncity Model integrates intelligent networked BESS, local renewable generations, local power flows management system with an open and secured exchange network to attain optimally balanced local renewable supply and customer demand in each microgrid. The Eloncity Model also incorporates incentive designs for fully automated real-time inter- and intra-microgrid energy exchange.

Information ICO

Ticker: ECT

Token type: ERC20

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%

Know Your Customer (KYC): YES (PERIOD ISN'T SET)

Сan't participate: CHINA, USA

Min/Max Personal Cap: 0.1 ETH / 3 ETH

Accepts: ETH

ELONCITY’S TARGET MARKETS

The potential markets for the Eloncity Solution would be areas that are being served by fossil fuel and nuclear powered centralized grid, or areas that lack electricity services. Eloncity’s market penetration strategy intends on providing full turnkey solutions in areas that lack electricity infrastructure, while simultaneously offering tailored Eloncity solutions to incumbent utilities to address the chronic challenges facing the existing centralized grids. The restructuring of existing utility regulatory regimes is not prerequisite for the success of Eloncity market transformations.

During the initial market development phase, the Foundation will focus on disaster-prone and rural areas because these areas: (a) either have no electricity services or most vulnerable to electricity service disruptions, which would benefit the most from the Eloncity Model; (b) typically lack the local capacity to plan and create the safe, secure and sustainable energy future; and (c) are hard-to-reach and underserved communities. With a more reliable, secured, affordable decentralized renewable energy system, Eloncity microgrids aid underserved communities in rural areas to join the mainstream economy.

Concurrently, the Foundation will collaborate with utilities in dense urban areas to provide the Eloncity Model to address pockets of constrained service areas on the centralized grids. During periods of high energy demands, the congested areas do not have the adequate T&D capacity to import needed electricity to meet the customer’s energy needs reliably. The traditional solution would be costly grid infrastructure upgrades and re-commission fossil fuel or nuclear power plants. On the other hand, Eloncity Model produces renewable energy locally for local consumption thus negating the need for costly upgrades of the centralized grid infrastructure.

Okay, you can visit their WEBSITE and WHITEPAPER to get more information. And for those of you who have Social Media, you can visit their social media on FACEBOOK and TWITTER. And for those of you who want to ask something about this Project, you can join their TELEGRAM Group and can also post your questions on their ANN THREAD, Thank you.

Others :

Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews

My Unique link :
http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000278

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1687366;sa=summary