[ANN][ECT] Eloncity - Power the World for FREE

[Davinus]

The ELONCITY is the answer which centralized the energy infrastructure of ours into millions of small independent grids. This is sound good, right? Not only that it will interest you to understand that, via ELONCITY, but locally developed power is also being developed all day and straightly competitive utilities. Power expense is now capable to become clear to everyone. Individuals are capable of using ELONCITY’s open advanced techs to develop energy particularly free so that people are capable of electrifying the planet with super clean power. This is truly unprecedented and exceptional.

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[Robert12312]

Good luck Eloncity, be strong to overcome this difficulty stage of coin market.

[Jisatsu]

The team has researched and launched a project with a good purpose. Free electricity will make practical sense in life. Your campaign has a very attractive reward. I believe that with this reward campaign, along with the improvement and improvement of technology, the project will be successful.

[Krypital]

Eloncity Twitter News

We are honored to have received investment from Horman Capital, a VC organization that invests
primarily in early stage and growth stage businesses that possess dedicated teams and innovative
technologies able to disrupt large, traditional, inefficient industries.                                             

ELONCITY TELEGRAM
BOUTNY TELEGRAM

[Krypital]

Eloncity Twitter News

Welcome to our newest investor LD Capital, a digital asset investment fund, specializing in blockchain 
technologies. LD Capital is primarily focused on blockchain finance, content, gaming, IoT, and emerging
technologies. We look forward to our future collaboration!                                                                 

ELONCITY TELEGRAM
BOUTNY TELEGRAM

[Noruka]

We have been waiting for 2 months but the team still not yet share the plan for ECT Public Sale.
The Eloncity Bounty campaign will be finished on Aug 02. So the Public Sale should be opened around early of August.

They are doing everything they can I think to avoid any negative situations or maybe also legal problems when they finally launch.

[Krypital]

Eloncity is one of the best and discussed projects. First, electricity is the largest market in the world. The project is from the sphere in which the blockchain will necessarily be applied. Secondly, a strong professional team. Andy Lee, a prominent man, talks about the seriousness of intentions and the future success of the project. The main partner is the group "Krypital". In the group of assets - Cybermiles, blockbuster Arcblock, Merculet, Egretia.
The project is discussed in the crypto community, it occupies a leading position. I think that Eloncity will attract a lot of investors. I believe in the prospect of the project.
I have a couple of questions.
You have a personal blockchain. What is a “micro-grid”?
And how can you solve the problem of pricing electric companies?

Reply from Eloncity ECO - Andy:

1) What is a “micro-grid”?

      A micro-grid is a small electric network at the edge of the grid. In the ELONCITY Model, a micro-grid consists of up to 1,000 residences and the DC-bus, a pair of electric cables running at 1,500V, which connects each of these residences through the DC-bus Endpoint, a DC/DC converter. Unlike its AC counterpart, A DC-bus Endpoint does not connect to the DC-bus all the time. Instead, the DC-bus Endpoint only gets connected to the DC-bus when it is granted by the DC-bus Scheduler to send or receive energy. The micro-grid facilitates the energy exchange among residences while the DC-bus allows people to share energy storage so that no one has to purchase a full capacity of energy storage to survive. The ELONCITY model is designed to speed up the process of achieving a zero carbon footprint by making locally produced renewable energy, which is made available 24 hours a day and 7 days a week extremely competitive so that the community can become self-sufficient and seldom rely on the grid for energy. Even if the micro-grid community cannot produce all the energy it needs, it will only consume energy from the grid at a constant rate during the off- peak hours and hence greatly improve the stability of the grid and its ability to absorb renewable energy. The micro-grid also helps improve the resilience of the grid during natural or manmade disasters.

2) How can you solve the problem of pricing electric companies?

Making the consumer an energy producer (prosumer) so that people have the ability to say “NO” to expensive electric companies (utilities). We also use blockchain to make our price transparent, competitive and complete so that prosumers will use energy wisely, earn their investment back sooner and prevent anyone from the arbitrage of electricity. Please see the white paper for more details about these mechanisms.  

[Krypital]

- With respect to receiving harvested energy from Prosumers/Miners for Eloncity Project, will there be a central hub in communities that will receive the harvested energy from prosumers and will distribute to other households who requires more energy supply OR will the harmonized harvested energy be sold/ fed into the main grid?

- What is the medium of receiving energy supply from miners? Cable connection or microwave communication?

- Since Eloncity model is based on DC, how will it work along with the existing system as many households already has AC Electronic appliances.

- How long will it take an average household to harvest and store 32GWhr of Electricity in order to qualify to earn the 1 ECT for miners?

Tokeneed UID: 6319136182 + Krypital@Seoul

Reply from Eloncity ECO - Andy:

Generally, each household has a rooftop system anywhere from 4kWp to 7kWp and about 4 hours to 6.5 hours of sunlight on average. If we assume a regular household has 5kWp and 5 hours of sunlight, it will produce 25 kWh a day, which is roughly enough for one household in the US without EV. It will take roughly 3,500 years to produce 32GWh. Please note the reward is handed out every one megawatt-hour of energy stored. You will initially receive 16 ECT, in this case, for about 40 days. You will receive only 8 ECT when the aggregated stored energy reaches 1TWh but is still shy of 3TWh. Once the aggregated amount reaches 3TWh, but is short of 7TWh, your reward for every megawatt-hour of stored renewable energy will be given. The reward will continue to be given out until we finally use renewable energy as our primary energy.  

[Krypital]

Why is this project called Eloncity ? Any relationship with Elon Musk ?

Reply from Eloncity CEO - Andy:

We respect Mr. Musk and share a similar vision to power the world with renewable energy. However, we don’t believe the centralized method (top-down model) will help us reach the goal. In fact, we think the approach taken by Tesla Energy will run into plenty of obstacles and therefore ELONCITY will continue the entourage by adopting the decentralized way (bottom-up model) and make renewable energy more affordable so that the rest of the world (85% or higher) can contribute and achieve the ultimate goal - Powering the world with renewable energy.

[Krypital]

How long will it take an avearge household to harvest and store 32GWhr of Electricity in order to qualify to earn the 1 ECT for miners?

Reply from Eloncity CEO - Andy:

The reward is handed out every one megawatt-hour of energy stored instead of the integer number of ECT reward achieved. Miners who harvest renewable energy and store them for later use will receive 16 ECT for one megawatt-hour of energy initially. When the aggregated amount of stored energy doubles from the previously aggregated amount, the reward is cut in half for every megawatt-hour of stored renewable energy.

[Krypital]

How does this work? This would mean collaboration with government and government agencies, how do you guys plan on doing that?

Reply from Eloncity ECO - Andy:

Not exactly, as long as the efforts are not limited by the local government’s franchise laws. We hope that local governments can see the value of the program in terms of using more renewable energy and hopefully make the energy exchange within the community tax free. We expect that communities, along with the financial industry will be able to build the infrastructure without subsidies from governments. 

[artem21]

the project team just punched me) I like when the team is Asian, it so happened that they know how to make quality projects that are always successful, I believe in you

[tuansyho2]

The team did not publish information about the terms of the token sale? I am very interested when the ICO starts. I'm afraid to miss the start of the ICO.

Do not worry, they will have a notice. I think it will happen in August.

[tuansyho2]

That's great to hear many good news from Eloncity team, and waiting for info about public sale of this project.

Well I like you, there are many great investment funds invested in them.

[Catswold]

The project plan behind ELONCITY looks super exciting. Their visualization of powering the globe for free is great innovative, but also comes with many challenges. Therefore ELONCITY is in my own opinion quite a long phrase project, which will take a number of years for universal adoption. But with the group behind the CEO and founder Andy Le, I highly think that they'll be capable to revolutionize the power industry.

[sarah0964]

'' ELONCITY targets the infrastructure of the community microgrid. ELONCITY hopes that in the future, application developers can develop more smart power applications based on their hardware and software products. For example, indoor smart devices could automatically start or stop according to electricity prices. In addition to providing the underlying transaction and pricing systems, ELONCITY also provides designs for things such as storage equipment, community DC power grids and its scheduler, and endpoint equipment (nodes) in order to help manufacturers produce competitively-priced hardware. All hardware and software facilities in the ELONCITY model will be open-source in order to reduce deployment costs for community DC microgrids.''
From here, more inf : https://medium.com/eloncity/to-fully-utilize-energy-eloncity-seeks-to-build-a-renewable-electrical-energy-sharing-network-e75284691912

[KBCapital]

Hello Eloncity Team,
What is the result of Private Sale? and when the Public Sale will open? In August or September?

[Yorikis]

Hello Eloncity Team,
What is the result of Private Sale? and when the Public Sale will open? In August or September?

Unfortunately, there is no accurate information. I think that about 80% of the tokens were sold on a private sale. And I think the public token sale will start in August.

[5dbhd]

Is the project feasible or not because the clean energy project has been on the earth for so long. What is the difference between the Eloncity with other sustainable energy projects ?

[tamsyho2]

We have been waiting for 2 months but the team still not yet share the plan for ECT Public Sale.
The Eloncity Bounty campaign will be finished on Aug 02. So the Public Sale should be opened around early of August.

Be patient, public sale information will be available in August. I believe so.