Hello dear subscribers. Today we will continue to get acquainted with the Eloncity project. The main part of the article will be about the tokens of the project. But first, we'll remember what the company does. So, a pleasant reading.
Eloncity will be based on the energy market, with its solution of the project with block technology.
Climate change and the consequent emergence of renewable energy sources have changed the way in which energy is produced. Instead of large centralized energy production facilities, such as nuclear and hydroelectric power stations, smaller decentralized ones, such as wind and solar power plants, appear. At the same time, many consumers of electricity begin to produce their own energy and turn from consumers into "creators", producers and consumers of energy at the same time.
Better Battery Storage Systems (BESS) allow small power producers to better cover their own energy needs and interact with the grid during periods of shortage of renewable energy production. This new energy system requires a new solution. Eloncity believes that blocking technology provides excellent tools to solve the problems of the new energy market. Eloncity offers a decentralized architecture of renewable energy sources that allow locally produced energy exchange for microgrids.
At the moment, Eloncity has already achieved great coverage in the press. In particular, the project was written in such news publications as Inc.com. The company has an active community in Reddit, Telegrams, Linkedin. Eloncity provides one of the most detailed road maps in the world of ICO.
Token Eloncity (ECT).
Public sale of ECT tokens, Ethereum ERC-20 token initially, will take place in the 3rd quarter of 2018. In Eloncity, energy exchange and a contract on the Smart platform are expected in Q1 2019. The implementation of the ICO tokens will be carried out on the Tokenid platform.
What are the tokens used for and how can their value be estimated?
In Eloncity, the token (ECT) provides a kind of charge for exchanging energy for the Eloncity microgrid, which is compatible with the Eloncity protocol of the token. The supply and consumption of energy in the Eloncity network is paid by ECT tokens. In addition, the token protocol requires that each entity store the ECT tokens in the equivalent value of its electrical power to participate in the energy exchange. This requirement reduces the transaction speed of the ECT token, and also serves as a mechanism for stabilizing the token. Ultimately, Elconity aims to make the ECT token a means of payment for the international single market for renewable energy, which connects various local communities with each other.
The total market capitalization of the ECT token will reflect the cost of electricity that is traded on the network. According to Eloncity estimates, the market capitalization of the ECT token may reach $ 560 million in 2040, expressed in terms of 2018 (adjusted for the future inflation rate of the US dollar).
The conclusion.
As can be seen in the foregoing, Eloncity is looking far into the future, so for fans of freebies and quick profits - you can not profit immediately after ICO. Token Eloncity will not gain weight until 2024. Hence it should be noted that if you have a head on your shoulders, you will not "drain" the coins on the first listing, but gently hide it on your wallet and wait for XXX.
And that's all. Do not skimp on the likes and comments. Good luck and sweet bounty!
Links:
My unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000088
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews