The Eloncity blockchain network is powered by the infrastructure of millions of self-sufficient microgrids that locally produce the energy ensuring the availability of 24/7 along with the directly competitive utilities. This will lower the energy price and let the users use it for open technologies by making the electricity virtually free and electrify the world with clean energy.

The Eloncity venture is specifically identified with power, to be specific its creation and capable appropriation. In every nation this issue is under the control of the state, as a great deal of assets are spent in the extraction of power. The creators of the undertaking intend to bring blocking innovation into this critical territory of generation. This is an essential advance in making a million-dollar arrange equipped for producing power autonomously.

Indeed, on account of the innovation of the strong house, power will be more reasonable. It is significant another essential subtlety: most states far and wide experience the ill effects of the way that fuel is getting less consistently. Utilizing Eloncity is an extremely invaluable arrangement, which takes out a considerable measure of issues. Later on, power will be delivered for nothing out of pocket.

The Eloncity venture intends to fabricate extraordinary gadgets that will deliver and store clean vitality. It will be gainful, safe, ecologically stable. Additionally, individuals can even exchange this vitality. For instance, amid top hours, on the off chance that it is important to furnish one individual with vitality, the second one is prepared to make a trade for a specific installment, which is worked with the assistance of ensured innovation of the square. This will guarantee ensured vitality and cash. Misdirection in this framework is just barred.

Finance

The project of Eloncity model is financing its own infrastructure. It is based on the performance requirements combined with the revolving loan funds with an important strategy for mobilizing the private capitals for driving the wide-scale proliferation of decentralized renewable energy.

It will collaborate with the foundation dealing with the financial partners, government agencies and other key stakeholders establishing the revolving loan funds. The revolving loan funds will aim by the contribution to the upfront capital initiating with the project in communities by the lack of access to the funds. It is based on the performance where projects are demonstrated according to the merits. It will produce the real and meaningful energy savings for the community members to generate the required return-of-investment while paying back for the startup loans. The loans will repay for financing the subsequent Eloncity project usage.

Sustainable Design

The Velocity Model is designed with the sustained requirement for ongoing support from the donations into the ratepayer funds, the development of Eloncity will launch for the revolving loans. This will have the transition to self-funded projects by the developing and delivering the portfolios of the Elocity projects.

This will generate the steady income streams to fulfill the customer’s energy needs with an on-site or locally produced clean energy for a competitive and centralized or non-integrated energy model. The Eloncity project developers will increase the funds to finance the development of new projects for Eloncity by selling the income in pricing Eloncity portfolio to the investors as assets backed by the securities. This will attract some significant additional capital to the foundation assisting the Eloncity project developers to work with the risk management service providers by evaluating and providing insurance against the risk factors of the portfolio revenue related volatility.

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%

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

BLSP Roles

BLSP stands for base load service providers where these will compete in providing services to represent the microgrids in inter-microgrid energy exchange policy. The platform is defined through some functions like:

• Setting up and maintain the local DC voltage levels in accordance to the ECTP specification.

• Covers the unfulfilled contracts in exchange for the microgrids.

• It enforces the floor and ceiling price limits to manipulate the system be selling it high and buying it too low.

• It will compete fairly with the local exchange peers to the energy consumption in the community

• The energy will export in a surplus of adjacent and centralized grids for an excessive energy production within the Eloncity microgrid so that BLSP purchase can locally produce the energies at market rate to export them.

• The excessive amount of purchase will be neighboring the microgrids and resell the imported energy.

• It will optimize the required energy at a constant rate minimizing the high demand for charges from the exporting microgrids or centralized grids.

• Excess energy will perform through the ancillary service for the utility grids.

• The harvested renewable energy in the DCbuss and BESS community will mine the storage commercially.

Eloncity microgrid is adjacent to centralized AC grids utilities to serve the BLSPs for the located to the service areas. The BLSPs is connected with the centralized grid to settle the energy exchange.

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