Electrify.Asia ICO Review

[Crypto_Ken1]

Video Review: https://www.youtube.com/watch?v=kt20bOw9JiM&feature=youtu.be


ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy.

https://electrify.asia/#home

This is an interesting idea and will do some further research as this project could be a diamond in the rough!
They do have a Telegram group: https://telegram.me/electrifyasia

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[bitmover]

Great Project.

OmiseGO CEO will be advisor. This could be big

[tippytoes]

Are you in any way part of this? they should at least create their official ANN thread here. There are a lot of Asians here already, so they might benefit on this kind of service.

[bitmover]

No, i am just a investor... I agree with the ANN thread.
I just suggested in their telegram.

They have a very active community in telegram.
They answered me that they decided to keep focus on telegram only =/

[zerkalisz]

Phishing Awareness: Be vigilant!
https://medium.com/electrifyasia/phishing-awareness-be-vigilant-20a8d3b016c4

[bitmover]

Electrify Asia Tokensale opens tomorrow! More information here on official article.

https://medium.com/electrifyasia/electrify-asia-token-sale-cd94f5ed0f53

[sv.alyona]

ELECTRIFY ASIA Smart Contract Address https://www.youtube.com/watch?v=CmyyWpUA5h8

Electrify Asia Smart Contract Address preview. Official Token Sale will commence at 9:00PM (GMT +8) on 23 February 2018. Do remember to verify the smart contract address on our official platforms before sending your Ethers to avoid scams.

[bitmover]

Great Project.

OmiseGO CEO will be advisor. This could be big

This is where I absolutely agree with you. What else you can say about this project for us? I really think about invest to this token, but I don't think so. Can founders add more information about this project? In particular, I would like to see full detail roadmap from founders. Thanks!

Well, i am just an small investor. Just contributed to ICO (it´s happening now).
OMG CEO was the main reason for my decison to take part on the ICO...

I believe that for every project 3 things are important: Team, General Idea, Hype.
Well they were luck to get OMG CEO on their team.... Although the team is very young, i think they are well guided. OMG is close to Vitalik...  Team ok.

OMG is the most hyped coin out there, 1,5 billion USD for a whitepaper... Hype Ok.

The idea is good too, decentralized energy is good topic... there is an existing company, electrify too. It´s a new company, one year on the market...
Anyway, I think we can make a few bucks with this project =D

About roadmap, i suggest reading the white paper (very small)
https://res.cloudinary.com/electrify/raw/upload/v1519032263/ELECTRIFY_ICO_White_Paper_v1.8.2.4.pdf

Just copied a few parts from the whitepaper:


60% of the world’s population lives in Asia and almost half of this population live in cities; and they’re all connected to central power grids. Japan liberalised its power grid in 2016, China has done so in parts and Singapore will be the first in Southeast-Asia. As more countries liberalize their electricity markets, consumers will get greater choice in choosing their electricity retailers and the way they want to consume energy.

However centralised electricity systems are lagging in innovations and alternatives. Solutions like renewable energy and peer-to-peer energy trading are still not prevalent. Without access to alternatives, consumers are not getting the choices they deserve.
ELECTRIFY will enable the decentralisation of power production and bring the power of choice to the consumer. We aim to build a better electricity network, and it starts with an intelligent energy ecosystem

EXISTING BUSINESS
Electrify was Founded by two senior executives from the Singaporean energy industry in early 2017

ELECTRIFY’s existing marketplace business model will be transformed into the ELECTRIFY  Marketplace 2.0 , ensuring a legitimate use case for the
ELEC  token. With the upcoming liberalisation of the energy market across Asia, Marketplace 2.0 will be enhanced to host retail electricity smart contracts and provide homeowners an avenue to browse and purchase electricity from a retailer or a small-scale energy producers.

ELEC USAGE
• Listing deposits for energy producers and retailers to access Electrify’s ecosystem
• Transaction fees paid by Energy Providers to Electrify
• Loyalty rewards for consumers

ROADMAP
MAR 2017 LAUNCHED ELECTRIFY.SG
OUT 2017 TRANSACTION VOLUME > S$5M
FEB  2018 ELEC TOKEN MAIN SALE
Q3   2018 BETA LAUNCH ELECTRIFY MARKETPLACE 2.0&  eWALLET  
Q4   2018 BETA LAUNCH SYNERGY & POWERPOD
       2019 EXPANSION INTO THE PHILIPPINES, AUSTRALIA

[Bytem3]

You can now add Electrify.Asia (ELEC) coins to your CoinCodex portfolio!

[bitmover]

The moment you all have been waiting for!!
We are in Coinmarketcap! =D

Some gains versus eth price already!

[3Bullion]

Let's hope for the third opening of the listing. And so is roughly the analogue of wepower, only the price of the token is more interesting.

[selfmukti]

I was wondering why people started selling ELEC on IDEX will such a low profit. Personally, I don't like flipper's attitude, especially when you talk about such a great project. The team is well experienced, big partnerships, this is a long-term hold. I wish Electrify.Asia all the best)

[selfmukti]

Tomorrow the will be the first Elastos meetup and Panda Green Energy Exchange is going to be there. Do you have any connections with them?   

[enixon291077]

Electrify.Asia(ELEC) gets listed on KuCoin!

1.ELEC deposits and withdrawal: 20:00 Mar 19, 2018 (UTC+8)
2.ELEC trading: 22:00 Mar 19, 2018 (UTC+8)

[mokimarket]

Excited to see how this progresses. A lot of big things in the short term, being bully on it

[andeonnut]

Looks like a cool project. Team is based out of Singapore.

[erikstarfish]

Impressive project, especially now that they are actually operating. There is a very little information about the  dev team.

[Artemsv]

ELECTRIFY: Supporting Communities
https://medium.com/electrifyasia/electrify-supporting-communities-2a4c9f50a29a

ELECTRIFY is driven by a fundamental desire to create bonds between communities and delivering value to the same. We started out as Singapore’s first retail electricity marketplace and are now Southeast Asia’s first such platform. We’re bringing electricity retail into the blockchain era through the use of smart contracts in electricity plans and peer-to-peer energy trading on a city-wide scale.

The benefits of transparency and traceability, along with the efficiencies of smart contract processing, will benefit communities far and wide as we look to grow our ELECTRIFY Tribe to bring about a more dynamic and robust energy future.

With the values deeply engrained in our DNA, we’re proud to have been invited to participate and contribute to two very prominent events in the blockchain space, announced this week.

First, the launch of NEUTRINO, a co-working space initiative that’s been developed jointly by OmiseGO and Global Brain Corporation. One is a brilliant example of a leading blockchain project that’s leading Plasma development for Ethereum, and the other is one of Japan’s leading venture capital funds.

NEUTRINO was born out of the experiences many blockchain companies suffer today: the lack of blockchain engineers around a nexus of information sharing. The blockchain industry is a rapidly expanding space but the availability of good developer talent is scarce. NEUTRINO will support and nurture this community by creating a blockchain-focused co-working space that’s Asia-centric. Their first space will be a 290sqm space in the heart of Shibuya, Tokyo.

ELECTRIFY is proud to be one of the founding sponsors for this exciting new initiative. Housing OmiseGO’s office, ELECTRIFY will also be making NEUTRINO its home away from home. This venue will form the basis for a global information exchange hub for blockchain development that will expand into Asia and beyond. This will also be ground zero for ELECTRIFY’s expansion plans in Japan’s electricity market! Hit up http://neutrino.tokyo for more information.

The second piece of news revolves around the launch of the new Ethereum Community Fund, which was announced on 7 March 2018. This $100M fund will provide much-needed funding and connectivity for projects that will pave the way to a better future for the Ethereum community. The ECF grants will be made available for projects developing solutions in sharding, scalabilty and security. But more than just a free handout, the ECF will also provide technical advisory, mentorship and a stronger access to a network which allows the best blockchain projects to showcase their innovations and collaborate in development.

ELECTRIFY is honoured to be one of the Founding Contributors to the Ethereum Community Fund, alongside other founders such as OmiseGo, Golem, Cosmos, Raiden Global Brain and Maker. Through this, we hope to be able to make a significant contribution to the future of Ethereum and blockchain development as a whole. The ECF will go a long way to encouraging and developing more needed services and solutions for the Ethereum community, taking yet another step towards making blockchain accessible to millions of people around the world.

Decentralisation and democratisation is core to the concept of a blockchain. And none of what we do can be possible without the support of our Ethereum communities; none of what ELECTRIFY is trying to do would be achievable without the support of our ELECTRIFY Tribe. Through these developments, we hope to be able to do our own small part to contribute and support the Ethereum community at large.

[Amalgamus]

[Exclusive] Singapore blockchain firm ELECTRIFY takes major step to bring its P2P electricity marketplace to Japan: https://e27.co/exclusive-singapore-startup-using-blockchain-build-p2p-electricity-marketplace-inks-major-mou-20180413/

[Amalgamus]

The Martinator ⚡️, [14.04.18 03:09]
The energy market in Japan is in flux. Post-Fukushima, nuclear power was very rapid phased out.
Govt provided a lot of incentives to build new power assets, a lot of it solar.
Key to this was the Feed In Tariff (FIT)

The Martinator ⚡️, [14.04.18 03:10]
A FIT is like a bonus that the govt pays on every unit of energy generated. It's extra revenue for the asset owner and made the projects very lucrative

The Martinator ⚡️, [14.04.18 03:10]
But FITs end in 2019

The Martinator ⚡️, [14.04.18 03:11]
So imagine a whole country... Where every solar farm operator used to receive an extra bonus... Suddenly that's cut off

The Martinator ⚡️, [14.04.18 03:11]
They're back to relying on selling their power to the big boys, likely settling at a wholesale price...