Eloncity ICO Review

Eloncity

Eloncity decentralizes our power infrastructure into millions of self sufficient microgrids.

Eloncity Score



  • ELONCITY ICO decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities. Energy price becomes transparent to all. People use eloncity’s open technologies to make electricity virtually free so that we can electrify the world with clean energy. ELONCITY ICO , a blockchain power program, is expected to generate a wider range of renewable energy community microgrids from its beginning. By largely improving the efficiency of the system, we could achieve true energy interconnection, balance local supply and demand, and achieve the expected goal of 100% renewable energy supply.
  •   Features of THE ELONCITY ICO :
    • Blockchain based trade systems make energy trade transparent while AI algorithm finds fair market prices in realtime as reference.
    • Energy storage systems with IOT technologies balance the demands with supplies of locally produced renewable energy.
    • Switching DC Power Bus – The new last-mile network helps remove peak load permanently.
    • New appliances, driven directly by DC, eliminate the repetitive power conversion and improve the competitiveness of locally produced renewable energy.
    • Proof of Stored Power (PoSp) – New mining scheme makes ESS investment grade financial property.

    REVIEW VIDEO

    TOKEN SALES

    METRICS

    Green lights

    • Green energy WILL be the future of our energy supply as resources dwindle in years to come, so being an early adopter is vital.
    • Proof of Stored Power (PoSp) – New mining scheme makes ESS investment grade financial property.
    • New appliances, driven directly by DC, eliminate the repetitive power conversion and improve the competitiveness of locally produced renewable energy.
    • ELONCITY has many big name investors i.e – Fenbushi Digital, Strain Capital, Interblock Capital, OK Blockchain Capital.
    • Collaboration efforts with global players such as Panasonic, ArcBlock, PylonTech, Tafel etc.
    • Strong Team & Advisors relevant in the energy business.

    red flags

    • Hard space to get mass centralised adoption due to government laws and energy suppliers influence.
    • They have a long Roadmap to 2022 onwards, which could put off short term investors.

    Eloncity
    DETAILED ANALYSIS

    ICOs Found

    ADVISOR SCORE

    High

    – Howard Choy led the Office of Sustainability in Los Angeles County to develop and manage energy and environmental programs for both municipal operations and in the Los Angeles County region. The Office manages the County’s $200 million annual energy/ utility budget for internal operations, energy efficiency programs, and power generation facilities.

    TEAM SCORE

    High

    – Andy Li Founder CTO/CEO of Pomcube and Former CTO of ChinaCache. Alibaba Fellow for 1st Direct Current datacenter 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.

    HYPE SCORE

    High

    – Eloncity have a huge following on Twitter & Telegram which could be due to their bounty, but either way they have a true crypto following.

    TOKEN SCORE

    Medium

    – $33 million Hard Cap, although it seems a lot in the current market, renewable energy is something that will take a lot of money to gain mass adoption.

    CONCLUSION

    With the challenges of natural disasters, population growth, and climate change, new approaches to energy production and distribution are needed. The solutions must warrant vibrant and sustained growth for all. AI Grid Foundation (Foundation) is a non-profit organization based in Singapore who advocates for employing decentralized renewable energy as a possible pathway to address the problematic centralized AC grids as mentioned above. The Foundation has collaborated with global organizations and local communities to develop the Eloncity Model; a multifaceted solution that employs decentralized renewable energy resources to eradicate barriers to attain safe, healthy, vibrant and equitable energy future. Decentralized renewable energy is employing locally available renewable resources, such as solar or wind power, to produce electricity locally where it is consumed. When energy customers in a community coordinate with each other to exchange energy and share energy equipment costs-benefits (e.g., solar PV, BESS, energy management system, and others) to access more reliable and cost-effective local energy supply, to maximize the utilization rates of the installed equipment for accelerated return-of-investment (ROI) and other benefits, they essentially create a community-based renewable microgrid. This type of decentralized community-based renewable microgrid holds tremendous potential for fortifying the centralized grids and solving the problems threatening our energy safety and security.

    8.7

    ADVISOR

    8.1

    TEAM

    6.9

    HYPE

    5.6

    TOKEN

    energy

    CATEGORY

    All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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