Electrify.Asia ICO Review

[Amalgamus]

The Martinator ⚡️, [14.04.18 03:17]
[In reply to Felix Chia]
That's hard to say. We're only scratching the tip of the iceberg.
On the last trip to Tokyo, I was there 2 and a half weeks and almost every day I was having meetings with energy companies, asset owners and even Nomura Securities, one of the biggest financial houses in the world.

The Martinator ⚡️, [14.04.18 03:27]
We're focusing on Japan now... And even at the nascent stage, we're gather so much interest.
TEPCO will be our "big brother" for that market.

Peels, [14.04.18 03:27]
Were not all moonkids here Martin! Thank you for the updates and information 👍

The Martinator ⚡️, [14.04.18 03:27]
We're also talking to a couple of other big players in the retail electricity space there to deploy our other solutions... Like Fibonacci, the dynamic pricing engine

The Martinator ⚡️, [14.04.18 03:28]
So let's say we get some small gains in Japan... Where a reduction in revenue will drive producers to adopt Synergy

Now imagine this...
Every other renewable asset owner in the world...
Every solar farm.
Every wind farm.
Every factory rooftop.
Every body who has a rooftop that has a solar panel.
Anyone with a biomass generator...
They all find out that Synergy can allow them to sell power directly P2P, recover capex faster, reduce opex...
How much of a market is that, guys?
How much do you want to moon?

The Martinator ⚡️, [14.04.18 03:31]
And that's why we don't even talk about the moon

D, [14.04.18 03:32]
100%?

The Martinator ⚡️, [14.04.18 03:32]
And beyond just the earning potential of the business... Think what this means for renewable energy on the whole...

Jordan, [14.04.18 03:32]
i see allot more ppl have soloar panels

Jordan, [14.04.18 03:32]
espicially in cali

The Martinator ⚡️, [14.04.18 03:33]
There will be more interest... More development, more research... All because, as #Vitalik had said before, there's an economic incentive for good behaviour

Felix Chia, [14.04.18 03:34]
How much does an average household produce using Solar panels etc, is it enough for them to sell after producing for themselves?

The Martinator ⚡️, [14.04.18 03:34]
That depends on the size of the panel and their own consumption.
But generally yes.

Felix Chia, [14.04.18 03:34]
Nice

The Martinator ⚡️, [14.04.18 03:34]
Because a household consumption profile is inverse of a normal load profile

The Martinator ⚡️, [14.04.18 03:35]
What that means is this:

The Martinator ⚡️, [14.04.18 03:36]
In the day when you're producing power at home, you're not there to use it!
Someone else running an office can buy that from you to offset his consumption and save on his power bill, since day prices are higher anyway

[sieunhangao19]

You are doing a great job! Have a nice day for the project

[Amalgamus]

The ecosystem is built for the benefit of the public and should be owned by the community through ownership of ELEC tokens. The rules set in the ELECTRIFY ecosystem below are designed to promote these objectives:
Electricity retailers and distributed energy producers (Energy Providers) will be required to stake their ELEC token as deposit to participate and offer their energy onto the marketplace. This helps to promote ownership of the ecosystem and disincentives fraudulent activities.
Transaction fees will be paid by Energy Providers in the ELEC token for the   usage of Electrify’s smart contract platform   
Consumers will receive loyalty rewards based on the ELEC token via a tiered model, corresponding to their duration of usage of the platform and the amount of ELEC tokens they own.

[Amalgamus]

https://eventhorizon2018.com/
Jeffrey Char from Tepco and Electrify Asia's advisor will be speaker in this event.
Also, Martin Lim will will present Electrify Asia business model and innovative solutions among some other 40 start-ups.
Venue in Berlin from the 17th to 19th of April;

[Amalgamus]

New business partners in Japan: https://www.youtube.com/watch?v=zeXaDeeRXRs&feature=youtu.be

[Amalgamus]

Copy/paste from Telegram:

Tom Thompson, [19.04.18 15:27]
[In reply to H.]
Here you go:

* Electrify Asia is creating a decentralized marketplace for energy in Asia.
* Will help both consumers and producers. More choice. More savings. More transparency. Less barriers for alternative energy sources.
* Builds on an existing business running successfully since March 2017.
* Already working product that has produced $4 million since being in business.
* Based in Singapore, the place for innovative blockchain projects. One of the most crypto friendly countries.
* Marketplace will feature commercial retail contracts, p2p energy and conventional providers.
* The ELEC token will allow the producers and retailers to access Electrify Asia’s ecosystem. Retailers and producers will be required to stake their ELEC as a deposit to offer their energy in the marketplace. Transaction fees will also be paid by energy providers using the ELEC token for the usage of Electrify Asia’s smart contract platform.
* Distributed ledger technology will allow every participant to have an identical copy of their contract details, monthly or periodic energy usage, settlement details and energy fees.
* Decentralizes a heavily centralized utility marketplace. Will transform the industry. This is exactly what blockchain projects should be doing.
* Practical use case.
* Will expand to Philippines, Japan, Vietnam and Australia.

Other stuff

* CEO, Julius Tan, was featured in Forbes 30 under 30 in Asia.
* Founder of OmiseGo, Jun Hasegawa is an advisor. Jun will be assisting with direction on blockchain scalability and payment solutions for Electrify Asia.
* "Reason why I’m confident this project, because Electrify has real business going on and that indicate real world business that bring real value to consumer level. Also there is significant requirement of scalability which what OmiseGO solving with Plasma " - Jun Hasegawa, founder of OmiseGo
* Jeffrey Char, head of blockchain initiatives at TEPCO (biggest Electric company in Japan) is an advisor.
* Martin Lim (COO) is constantly putting himself out there, doing interviews and going to conferences.
* Power Ledger of Asia to put it in simple terms. Power Ledger is Australia only and is 6x the market cap of ELEC.
* ICO went extremely smooth and handled well.
+ Active community, 10k members in the telegram group with Martin Lim (COO) and even Jun Hasegawa (founder of Omisego) joining in occasionally.
* Still cheap and early as hell.

[Amalgamus]

https://medium.com/electrifyasia/working-on-research-and-development-9e8ec9e96b84

[quanminh2533]

Good project and must join airdrop.

[Amalgamus]

What is Electrify Asia and how will it revolutionise the energy world: https://oracletimes.com/what-is-electrify-asia-and-how-will-it-revolutionise-the-energy-world/

[Amalgamus]

http://boards.4chan.org/biz/thread/9041914

[Amalgamus]

Compare Electricity Online with ELECTRIFY.SG: https://www.youtube.com/watch?v=RP5qupxGAlI

[Amalgamus]

More honest ICO around:

plasmo, [23.04.18 13:23]
[Forwarded from The Martinator ⚡️]
At the risk of sounding like I've given in to hubris, please let's pause a little about all this talk of investment.

Please do scroll up and have a look at what I'd posted earlier on the value of our tokens and the purpose of an ICO.

And ICO was initially a mechanism for a startup to raise funds through crowdfunding. The high risk nature of crowdfunding and the decoupling from equity is compensated by the contributor having quick and easy liquidity through a third party, i.e. an exchange, or any other party expressing an interest--like an OTC exchange like Etherdelta.

The ICO was also a means for the startup to garner support and build a community who would be interested in the project for its merits, not necessarily how much they can make off the tokens.

If a project was just concerned about making an investment, they would have just gone to large pools, whales and institutional investors and closed everything at a Presale.

While we were badly oversubscribed even at Presale, we stuck to our guns and kept a full third of our token distribution available for the Tribe. We even turned down most of the offers at Presale for strategic contributors who would be able to contribute to the growth and well-being of the project and our Tribe.

Vitalik spoke about the dangers of ICOs because:

a) Contributors confuse themselves with investors and constantly harp on when the tokens will "moon" when the startup's founders really have no ability to make those promises

b) Too many ICOs have had their tokens pumped and manipulated unscrupulously leading to too many uninformed, unqualified and misled "investors" getting burned

With the guidance and advice we got from our advisors, we designed our ICO to stay as true to the foundation of fundraising spirit as possible:

a) No bonuses
b) No bounties
c) No advertising spending

In fact we'd deliberately escewed any blatant activity to "elevate" the value of the token, in and of itself.

We do not speak about exchanges, to avoid any overt act of "FOMO", we do not attempt in any way to "pump" the tokens and we most certainly do not tout our tokens as an "investment".

What we do deliver are progress reports of what we have managed to achieve, as eager founders, about the connections we've made and the progress we've achieved, as an when we've achieved them.

We do this without any sense of hubris and genuinely from the position that out Tribe deserves to know what the project they supported is up to; that the faith our Tribe has placed in us isn't unfounded.

Trust me when is say this: if the Electrify Team was focused on "investments" and "marketing", things would have gone very differently. We were so heavily oversubscribed, we could have just succumbed and "taken the money". But we stayed true to our principles and our Tribe, and took the harder road.

[Amalgamus]

Catch Julius as he shares his thoughts on Episode 4 of Channel NewsAsia's Money Mind!

Rerun timings for the episode air tonight, Monday, at 9.30pm and 12.30am SGT on Channel NewsAsia.

https://www.channelnewsasia.com/news/video-on-demand/moneymind

[ZZOCC]

Catch Julius as he shares his thoughts on Episode 4 of Channel NewsAsia's Money Mind!

Rerun timings for the episode air tonight, Monday, at 9.30pm and 12.30am SGT on Channel NewsAsia.

https://www.channelnewsasia.com/news/video-on-demand/moneymind

Thank you Amalgamus for the Channel News Asia Money Mind piece and also your previous post re: the purpose of an ICO. In the Money Mind segment it was great to see Julius equally featured with the other spokespeople and to hear him talking about an energy share economy...then followed at the end by Assistant Chief Executive Energy Market Authority, Soh Sai Bor cautiously calling Electrify's P2P Energy Trading Market place "nascent". That just makes me more excited for Electrify Asia's future and I'm rooting for success!

[Amalgamus]

Catch Julius as he shares his thoughts on Episode 4 of Channel NewsAsia's Money Mind!

Rerun timings for the episode air tonight, Monday, at 9.30pm and 12.30am SGT on Channel NewsAsia.

https://www.channelnewsasia.com/news/video-on-demand/moneymind

Thank you Amalgamus for the Channel News Asia Money Mind piece and also your previous post re: the purpose of an ICO. In the Money Mind segment it was great to see Julius equally featured with the other spokespeople and to hear him talking about an energy share economy...then followed at the end by Assistant Chief Executive Energy Market Authority, Soh Sai Bor cautiously calling Electrify's P2P Energy Trading Market place "nascent". That just makes me more excited for Electrify Asia's future and I'm rooting for success!

My pleasure. Great team, awesome project. Future is bright. 

[sieunhangao19]

Great idea and great project. Hopeful this project will be successful.  I'm waiting for good news and a bright future!

[cattano]

Some countries have issues with electricity.
Increasing the service on electricity will become a major need in area that having those issues, and I think this project can become a solution for that issue.

[gerbas]

At the moment, how much of the Electrify coin has been sold?
Cause I've check in the website, there's no information about it.

[stan86]

Announcing the highly anticipated Electrify Airdrop!

We will be issuing free ELEC tokens to OMG token holders.

Dates and details will be announced LIVE in the AMA with Jun this Friday!

► http://via.electrifyasia.io/reddit

[Amalgamus]

At the moment, how much of the Electrify coin has been sold?
Cause I've check in the website, there's no information about it.

Initially, at the time of the ICO they sold 50% of all tokens for 0.08$.
So 375 000 000 x 0.08 = 30 Millions US$ (total hard cap) No bonus for early investors. Everyone paid the same price.

There was so much demand that they had to make a lottery for the last 10k investors, taking only 3k more people to be allowed to participate in the ICO. I wasn't lucky and couldn't participate in the ICO. But bought on the market as soon as it came out.