Eloncity to power the world

The necessity for Eloncity

The most inevitable thing for human life is energy. It is an essential supply for the sustainability of modern societies. Supply of fossil fuel is fading. The crisis is due to global warming and other environmental concerns. These problems indicate challenges we must face in the near future. Renewable energy is the solution for these challenges. The energy sources like oil, gas, coal or nuclear feuds will not last forever. In future, more of our electricity will come from renewable sources like sunlight and wind. Big cities have complex electricity networks. In most cities power travels in cables that carry large electric currents under the streets. The electricity we use at home comes from power stations. But there is a price to be paid. The three challenges electricity sector faces are the security of supply to keep up with demand, the fight against climate change and the global trend toward massive urbanization. Also, electricity currently account for 40% of carbon emission and 25% of global greenhouse gas emissions. Also, the rising power price is hard on several countries. Even the sudden blackout of power is becoming an issue. Thus, we need carbon free low cost electricity supply for the future of living beings. Decentralized generation with the development of “smart” solutions will facilitate electricity storage.

About Eloncity

The solution to facilitate electricity storage and distribution has arrived. Eloncity decentralizes our power infrastructure into millions of self sufficient microgrids. Eloncity makes energy price transparent to all. Eloncity’s open technology makes electricity virtually free. So the whole world can be electrified. Eloncity’s main goal is to solve a universal issue that affects the whole world. Eloncity project replaces traditional power system infrastructure. The project makes stored renewable energy widely available at all hours of the day. The imbalance renewable energy supply and demand issue would be solved. Eloncity will power the world with affordable clean energy. According to Andy Li, founder of Eloncity this project is a tip of the hat to Elon Musk’s solar city project. According to him using blockchain technology and the token economy is the only way to promote the proud use of clean energy.

The main features

• Al algorithm based block trading system:- This block trading system opens up a transparent trade simultaneously the artificial intelligence service opens a fair trade market
• Storage systems smart energy will compete in local energy markets to supply renewable energy. Intelligent energy saving system and Internet of things or IOT technology will help to compete in the market.
• The new mining scheme of the proof stored power provides investment advantages in the ESS class.
• The minimization of the losses occurred from conversion of AC to DC to AC is more effective with the new DC energy network. It applies the renewable energy.
• Community driven implementation and planning

Token

• The token sale of Eloncity is not yet decided. The ticker is ETC. The token type is ERC20. ICO token price: 1 ECT – 0.12 USD. Fundraising goal is 33,000,000 USD. Total tokens are 1, 000, 000, 00 tokens. 32% is available for token sale. China and USA cannot participate in the token sale.