Future of the ElonCity and Key Features in Eloncity
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I like to tell you regarding the future of the Eloncity and why it is important . The Eloncity project is aimed to providing balanced system of electricity production and consumption and eliminating transport disruptions.Renewable energy is our future , we need to shift from conventional energy for various benifite which includes environmental factors. We are facing a challenge with conventional energy. The solution lies in renewable energy provides a cheaper energy supply that allows Consumers to ne independent of centralized energy producer who have commercialized the energy sector for their own benefit.
What is Eloncity Token (ECT)
When taking about the Eloncity token it is a utility token that facilitate energy transfer within an eloncity microgrid and among nearby Eloncity microgrids. So this token will allow consumers to generate energy exchange.
Functions of eloncity token
Token will serve as a means of exchange
Demand in the market will regulate by short-term price fluctuations and so customers can earn tokens by selling the excess electricity to term.
Token will perform the function of preserving value.
Each ECTP-compatible device wants to reserve some amount of ECTS that is similar to the value of is electricity capacity in order to get connected and utilize the automated exchange. The pay the way to become the ECT a store of value backed by the value energy transaction volume of the ecosystem and the velocity of the ECT transactions
Key features in eloncity
- Blockchain-based AI trade system: By combining AI algorithm and Blockchain, Eloncity with help of token hopes to establish a transparent and fair energy market with real-time prices as reference
- Smart Energy Storage Systems: This is a another key feature of Eloncity. This system will work with the Iot technologies to assist balance the demand and supply of the generating renewable energy
- Switching DC Power Bus: in the energy generation and transmission, energy peaks should be controlled and the Switching DC Power allows to curb the typical peak load permanently.
- Direct Current appliances: This will accommodate the use of DC-driven devices to eliminate the use of repetitive power conversion and enhance the competitiveness of the produced renewable energy.
- Proof of Stored Power (PoSp): Eloncity will incorporate PoSp protocol, that will facilitate ESS investment grade financial entities.
Future of Eloncity (ECT)
At some point in the future, building-to-building energy exchange will likely be reduced significantly as high-capacity BESS offer more prevalent due to the low-cost of battery cells. buildings designed in future are expected to be more energy self-sufficient. The Foundation’s analysis suggests that the energy exchange due to electric vehicle (EV) charging from inter-microgrid roaming would grow significantly, and thus offset for any reduction in building-to-building energy exchange volumes. As highlighted in the Eloncity Whitepaper, the EVs and roads will become another network for offering renewable energy. The ECT is expected to continue playing the crucial role as the medium for energy exchange in that future.
The ERC-20 protocol is used in development . the total offer of all tokens will be : 1 billion ETC of which 320 million assets will be allocated for sale.
The subsequent distribution of assets looks like this.
- 320 million tokens intended to optimize the mining
- 7.5 million tokens will be reserved for the Eloncity team
- 14.5 million tokens intended for future development
- 14 million token also allocated for marketing
- Minimal purpose of fees : 10$ million
- Maximum purpose of fees : 23$ million
- You can buy assets only for BTC and ETH
Conclusion
Eloncity is very promising project with a sound and investment team . as described in this articles it has given a new concept for energy generation and distribution we all know Blockchain technology has a future when it comes to providing solutions to the problems we have in energy distributions. Challenges are witnesses in rural and underedevaloped countries who are still in need of energy but lack the resources required to buy the infrastructure needed for a renewable energy grid.
The most interesting, in solving this issue , thanks to technology of blockchain , we can also reduce the price for electricity, because we will solve the monopoly problem. I invite all of you for read this articles and have a clear understanding of this wonderful project.
For more information about the project
Eloncity Official Website: https://eloncity.io/
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Medium: https://medium.com/eloncity
Telegram: https://t.me/Eloncity
Facebook: https://www.facebook.com/Eloncity
Twitter: https://twitter.com/Eloncity_io
Reddit: https://www.reddit.com/r/Eloncity/
Bounty: https://bitcointalk.org/index.php?topic=4443361
ANN: https://bitcointalk.org/index.php?topic=4465922
Author :
Bitcointalk Username: @priyadarshana99
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1967050;sa=summary