Eloncity is the blockchain networking technology decentralizes the power of the infrastructure

abiola120 (4)in #ico • 6 years ago

Hello my dear friends.I want this review to Shine a light on the technological project called Eloncity is becoming more popular and it attracts more and more new users who have hungry eyes and a lack of information. The latter have to collect the crumbs, check your own time and wallet. To answer the question of which currency is best to invest in, which ICO will shoot at 100%, I can not, but I will try to tell and describe my own vision of the situation. Today we will analyze THE Eloncity project. What is this ICO and is it worth investing in it?

WHAT ELONCITY IS ALL ABOUT
Eloncity is the blockchain networking technology decentralizes the power of the infrastructure into millions of self-sufficient microgrids. It is produced 24/7 directly with the competitive utilities to the local energy stations. This is what makes the price transparent to all. People can use an open technology that will make the electricity virtually free towards the world by improvising it as a clean energy. The platform of Eloncity comprises with the referential designs as it worth full suite for both hardware and software products. These provisions will deploy the operational and renewable microgrid. Such references should be designed as royalty-free without any help of an open source.

Why Do We Need Eloncity?

The world's population is increasing day by day. With that, the demand for electrical energy is increasing too. So centralized AC grids will not be a cost-efficient solution for transmitting a huge amount of electrical energy for long distances when considering the losses ( transmission loss and distribution loss ). And with the increasing demand, the above-mentioned problems in centralized AC power electrical systems too get more effective. So this technology must change, there must be a better way or a way without these problems. Project Eloncity seems to be a very good solution for this when considering the "Eloncity Model" which was created to address all the challenges faced by this centralized AC power electrical systems.
Another important fact which we must consider is the blockchain platform which provides efficient, secure, open recording of energy transactions. It is very significant. The Blockchain stage is the major cause for a secured and efficient record for a proficient chronicle of vitality exchanges in the network in a reliable manner. The blockchain platform also motivates and empowers the Eloncity project community group to build up an auditable record and it is a very significant advantage.

Features of Eloncity:
Using Eloncity will make energy free from:

Pollution
Over Engineering
Exploitation
Manipulation
Excessive Conversion
Downtime
Involuntary Billing

Eloncity Token
The utility tokens of Eloncity are known as Eloncity Token and it is also known as ECT tokens. It works through some key functions that make the system renewable. These tokens facilitate the local energy exchange incentivizing with the investment in ECTP complimenting the battery energy storage system or BESS.

This investment works through rewarding BESS-operator or owner by storing newly harvested renewable energy in their ECTP compliant to BESS. This will ultimately generate an open global marketplace enabling the communities all around the world for accessing the advanced renewable energy products and services through the ECT. This also needs because of the open market facilities enabling the communities all around the world by the exchange of energy in production and solution in providing services with ECT.

We live in an age of globalization and an ever-growing number of energy consumption. The most important of all is electricity. According to data from various sources, we have already reached critical marks and in the future we will only aggravate these figures. Eloncity proposes to switch to decentralized electricity, for which there is no need to pay.