Eloncity: Decentralized infrastructure for renewable energy using blockchain

Problem:

After the massive natural gas leakage in California on October 23, 2015, approximately 5.3 gigatons of harmful methane gas into the Earth’s atmosphere which is equivalent to 12,800 years of the total annual emission of the entire South Coast Air Basin in Southern California like this there are many incidents which costs thousands of lives
Issues like safety and reliability, Hacking, uninsured, uncertain regulations and unanticipated risks in the future.

Solution:

Eloncity anticipated the need of production of electricity in future, there are many reasons for it such as climate change, natural disasters and highly growth in the population.
Singapore based non- profitable organization advocated the decentralized renewable energy is the only way to address the issue of centralized grid system.
All the locally available decentralized renewable energy resources and energy consumers form into community where they can exchange and share energy.
Eloncity model is integrated with advanced technologies to fulfil the future potential of renewable energy resources
Its business model is based on the four pillars such as decentralized renewable energy architecture Community-driven planning and implementation, Combined performance-based projects with revolving loans and collaborative and equitable regulatory framework

Advantages of Eloncity

• It is a platform for open and secured distributed ledger for efficient recording of the transaction of energy services in the community. All the transactions in the platforms are unchangeable and verifiable.
• It facilitates an open market by enabling communities to the world to exchange and provides global renewable energy products and solutions.
• It offers very low cost for energy, it is achieved by combination of Local DC grid network within each community, large appliances powered by DC electricity Generate renewable energy, flatten peak energy demands to minimize costly demand capacity charges, purchase centralized grid energy only during the period of lower cost and by providing necessary services to the centralized grid to generate revenues.
• Its renewable energy sources decrease the risks of fuel based energy most often fuel based energy sources are cause of risks like fire explosion, gas explosion
Green hose Gas (GHG)emissions reduction
• It replaces fuel based energy with renewable energy sources and limited the usage of fuel Peaker plants energy through flatten peak demands
Token economy:
Eloncity issues token called “ECT”, these tokens are used in this trusted community based electricity platform which can be used to energy exchanges

Team:

Andy Li -Founder

CTO/CEO of Pomcube and Former CTO of ChinaCache.
Alibaba Fellow for 1st Direct Current datacentre in China (2010) Architect for many Internet backbone networks in Asia/US when working for Cisco as Principal Engineer. World’s first commercially available energy router for residence and SOHO

Michael Nguyen- VP of program management

30-year career spans across multiple industries; from non-profits, advanced energy programs and policy to IT research and development, international manufacturing operation and markets development. Mike holds 17 patents and four industry awards for technology innovation.

Gregary Liu-Marketing Director, Americas

More than 11 years working in Server system solution architect, product developing, Lead OCP/OCS/OPEN19 new trend design requirement for Mega-Datacentre. Studied MBA in Management of Technology in NCTU; BS in Physics in NTU

Token metrics:
Token symbol: ECT
Token type: ERC20
Total Tokens: 1,000,000,000
Hardcap: 33,000,000 USD
Accepting: ETH
Main sale price: 1 ECT = 0.12 USD
Crowd sale: To be Announced

Verdict:

Pros:

• Roadmap is very well drafted, it shows vision till 2022 Q4
• Social media hype is good, its telegram community have 11k+ members as of now
• They have 10 advisors on board who are a PhD & MBA holder and holding a position of VP, CEO, CTO of many leading companies. Having strong background experience in IoT and blockchain technology.

Cons:
• Advisory team has no prior experience in blockchain and cryptocurrency
• Whitepaper design is complex to read and understand about the project
• MVP is not available in the market

Eloncity World Tour @ Seoul:

Eloncity coming up with World tour Seoul on July 1st2018 with the vision of “MAKING THE IMPOSSIBLE POSSIBLE “it creates more awareness in the developed country like South Korea, this will change the global power industry. Understanding and Motivation with global block-chain global leaders can boost the project. One more best thing is Eloncity is giving free tokens for different referral programs this is a good opportunity to grab the most valuable tokens.

Links:

Website: https://eloncity.io/
Whitepaper: https://eloncity.io/download/Eloncity_WhitePaper_V0.87_20180626_Final_Release.pdf
Telegram: https://t.me/Eloncity
Facebook: https://www.facebook.com/Eloncity
Twitter: https://twitter.com/Eloncity_io
Reddit: https://www.reddit.com/r/Eloncity/

Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767

Unique identification link:
http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000220