|| Introduce for Eloncity Ico

There have been numerous centralized grid disasters over the years and have caused many losses over the year so new approaches to energy production and distribution are needed more than ever. Blockchain and energy are inextricably linked, as today there are some difficulties in spreading clean energy. The economy of tokenization and technology of blocking are almost the only way to solve this problem. However, not all block projects can cope with this task.

The prices that energy companies charge to consumers are getting higher and higher, putting financial pressure on the consumer. In reality, the trading system cannot solve this problem and help make prices more market-oriented.

This is where the Eloncity has come forward to solve this problem. Eloncity is a decentralized energy infrastructure to millions of self-sufficient micro-energy systems. The price of energy becomes transparent to all. People will be able to use Eloncity technology to make electricity virtually free and affordable around the world. In a nutshell One of the objectives of the project is to reduce the cost of local electricity than the price of electricity for the network in order to use market efficiency to increase the use of energy storage systems and reduce costs for local electricity consumption.

Thus, Eloncity will create a trading block system that will be synchronized with the AI algorithm, comparing the state of the distributed Internet resources of things (IoT), and will use machine learning to determine the model of the demand for the electricity of the community.

|| Project key features

• A Blockchain platform that provides an open, secured energy transactions in the community.The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based.

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• An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand.

• Customer-sited or community-based renewable generations, such as solar PVs coupled with intelligent networked BESS, that can fulfill all or nearly all the local energy demands.

• A community DC power network that uses the renewable DC power more efficiently by minimizing the losses from repeated AC-DC-AC conversion.

Community-driven planning and implementation will the enduring success of the community’s transition into the sustainable, regenerative energy future. Due to the fact that the community and their children must live with this energy future, it is imperative that the community has active participatory roles in defining and creating this new energy future.

It is critical in mobilizing private market capital to fuel wide-scale adoption of decentralized renewable energy. The Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loan funds. The revolving loan fund’s goal is to contribute to the upfront capital expenditure necessary for initiating the project in communities that lack access to such funding. The performance-based projects will demonstrate their merits by producing real and meaningful energy bill savings for the community members while generating the required return-of-investment to pay back the startup loans.

|| How is it work?

The project will produce equipment for the production and storage of clean energy. Users will be able to sell additional power during peak hours. Thus, developers intend to motivate a large number of people and institutions to invest in energy storage equipment. In addition, a system was developed to encourage users. For each megawatt of clean energy, you can get 16 ECT token in reward form. Thus, developers intend to motivate a large number of people and institutions to invest in energy storage equipment.

Eloncity decided to open a full range of scientific and technical methods to encourage manufacturers from all over the world to work together to develop and produce solar energy for distributed energy storage systems, the same energy storage system, conversion equipment and energy conversion. They will also expand the system and blocks of the trading system and open it to calculate fair prices. The community will be able to build an independent trading system based on the cluster system and use Amnesty International to reduce customs arbitration cases.

|| Eloncity solutions

|| Eloncity team members





|| Eloncity Adviser Board

|| Roadmap

|| Project partners

|| Conclusion

Project stands with many years of experience in the field of engineering and technology research. Today, Andy Lee and his company intend to restructure the modern multibillion-dollar world energy system using blocking technology. . The founder is the technical director in ChinaCache and a computer researcher in Alibaba Cloud. so that people in the future can use environmentally friendly and cheap sources of electricity. It will focus on mass market transformation to proliferate the Eloncity Model to all targeted global markets. More detailed information will be provided in the upcoming Eloncity Whitepaper and the Eloncity website.

|| Official sources of the Ranking Ball project:

Official the website of: https://eloncity.io/

Twitter: https://twitter.com/Eloncity_io

Facebook: https://www.facebook.com/Eloncity-229599404279234/

To Reddit: https: / /www.reddit.com/r/Eloncity/

Instagram: https://www.instagram.com/eloncity_io/

LinkedIn: https://www.linkedin.com/company/eloncity/

Telegram: https://t.me / Eloncity

Bitcointalk Username: Luky147

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1547972;sa=summary