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.In this article, I would like to share some basic information about the project and some personal reviews in it.

Our modern life depends on the vast electric grids to power everything from light bulbs to mass transit subways. Despite tremendous strides in technological innovation, the existing grid is largely built on an aging design. This design is essentially a centralized grid architecture based on large power generation plants in remote locations that are connected to the customer sites through a complex labyrinth of transmission and distribution (T&D) network. Our modern life depends on the vast electric grids to power everything from light bulbs to mass transit subways. Despite tremendous strides in technological innovation, the existing grid is largely built on an aging design. This design is essentially a centralized grid architecture based on large power generation plants in remote locations that are connected to the customer sites through a complex labyrinth of transmission and distribution (T&D) network.

Decentralized sustainable power source is utilizing locally accessible inexhaustible assets, for example, sunlight based or twist control, to create power locally where it is expended. At the point when vitality clients in a network facilitate with each other to exchange vitality and offer vitality hardware costs-benefits (e.g., sunlight based PV, BESS, vitality administration framework, and others) to get to more dependable and financially savvy neighborhood vitality supply, to augment the use rates of the introduced gear for quickened return-of-venture (ROI) and other advantages, they basically make a network based sustainable microgrid. This sort of decentralized network based inexhaustible microgrid holds colossal potential for bracing the brought together grids and taking care of the problems debilitating our vitality wellbeing and security.

Why Do We All Need ELONCITY ?

Regardless of colossal strolls in mechanical advance, these present grids are to a huge degree in view of a developing out line, that is fundamentally a brought together network designing reinforced by a wide power age plants in remote spots which related clients areas by means of the perplexing labyrinth of (T and D) Transmission and movement organize. The establishment has collaborated with worldwide affiliations and close-by stages to develop the ELONCITY demonstrate, a stage driven access used to address these issues and decentralized manageable vitality source apparatuses to achieve a shielded, vivacious, strong and impartial imperativeness next. The coordination of vitality in trading present casing and its movement by means of the multifaceted Transmission and transport sort out are over observed by regional structure head or (IOS) free of cost structure overseers. While the present electric vitality strictures are between the most buildings creating structure at any spot outlined by mankind, this brought together vitality grid arrangement is beginning to exhibit its anger.

The ISOs not exclusively to require to modify the vitality making and usage continually, yet moreover need to ensure the vitality conveyed remotely is moved to client districts with no running into blockages on the colossal Transmission and transport deal with. The establishment, a non-advantage situated in Singapore and a supporter for community to a decentralized based maintainable vitality source, share this point. Our propelled way of life depends upon the monstrous electric cross sections that vitality all from electric lights to mass travel cable cars. The accompanying reasons of only a couple of vexing obstacles the present concentrated vitality structures went up against. The current brought together power stages stand up to some essential obstacles in offering anchored, ensured, tried and true and direct essentialness organizations. When you join the issues of disastrous events, masses advance, and eco-accommodating change, new strategies.

About Private Sale Contribution

• Contribution: 19,000,000 USD (open)

• Vesting term: 9 months locking area with 10 percent token issued at the similar term as the major token issue 6 weeks later right after the completion of the main participants.

• After that, 10 percent of the token issued each month in nine in row stages.

• One dollar equal to 9.8 ECT token

• Accepted: BTC and ETH

• The worth will be pegged to dollar listed on the market value on the time of contribution.

• Private contribution: $19,000,000 (Open)

• Public contribution: $8,000,000 （N/A)

• Soft cap of project Eloncity: $10,000,000.

• Hard cap of project Eloncity: $33,000,000.

• Contribution starts $200,000

• Maxed Contribution: $600,000 (15 percent reliable discount applied)

The Eloncity project private sale contribution application from here : https://docs.google.com/forms/d/e/1FAIpQLSeAz1MEVQ0qzdyQbb5-3cP876NmsaYgoA1ozLSZEhpVv9dhGg/viewform

A nice video about the Eloncity project