Eloncity - Real options for using ECT token and Eloncity's founder
Eloncity is a decentralized energy platform, which consists of millions of micro-energy systems distributed throughout the world. Thanks to the implementation of the block system, the entire system is safe and transparent and the price of electricity for each user is virtually free with access anywhere in the world. An important goal of the project is also to reduce prices for local electricity and increase the use of systems for storing accumulated energy. Eloncity aims to eliminate the imbalance between supply and demand for renewable energy, by creating a world-wide energy system through a blockbuster. Having created a global block-ecosystem, Eloncity will use the algorithms of machine learning and artificial intelligence to determine the actual demand for electricity in the whole community.
Real options for using ECT tokens
To begin with, the ECT token is the main component of the entire Eloncity ecosystem, which is created for affordable energy exchange inside and between adjacent areas of the entire system anywhere in the world. There are two main functions of this token:
1. Use of the ECT token as the main means for the exchange of renewable energy. In essence, it looks like this: if you have excess amount of stored energy in the storage system, you can give it to another user of the Eloncity ecosystem and earn ECT tokens. This will be very much in demand in less developed countries, where energy shortages are a real problem for all citizens. Also, the token acts as a way to access local renewable energy.
2. As a means of saving the cost of renewable energy. To participate in a real automated energy exchange with other platform participants, it is necessary that the BESS store maintain a sufficient number of ECT tokens, depending on the electrical power of the particular user. This contributes to the creation of a global mutually beneficial ecosystem, where the ECT will act as a means to preserve the value of renewable energy. The final price of the token will be affected by the speed of the energy transactions and their total number.
3. Possibility of ECT mining. Before the aggregate volume of the renewable energy market of 1 terawatt / hour, the user will be able to receive a fee of 16 ECT per megawatt per hour in his BESS store. After overcoming a mark of 1 terawatt per hour, the miner will receive 8 ETC for 1 megawatt / hour, and after 2 terawatt / hour - 4 ETC. This system of rewarding miners will continue until the total amount of renewable energy reaches the threshold of 524,288 terawatt / hour.
4. In addition to the above functions, it is also worth highlighting one of the most important tasks of the ECT token - it is an information exchange tool that unites renewable energy suppliers and consumers into a single decentralized community that will eventually lead to the creation of a new market for affordable renewable energy. In this market there will be no framework limited by geographical location, and political or economic barriers. Many consumers who previously did not have access to this type of energy will now be able to use the accumulated Eloncity platform tokens to solve problems with energy shortages.
As the world's influence increases and storage capacity for renewable energy increases, the amount of energy exchange in the future will gradually decrease, due to the active development of this technology and the low cost of batteries.
Eloncity's founder,
The answer to this question has long been described by the founder of the project Andy Lee. In short, the whole point is the very principle of the project and the technologies that are integrated into this project. One of such technologies is the well-known blockchain. But that's not all the project can be proud of. But by and large, in this project, the blockchain is just the basis for the development of its own technological solutions, which are already rich in the Eloncity project.
We will not go into the technical details, but most of these technologies operate in such a way that the end user can make the most of the energy and at the same time save.
And this is how the Creator of the project Andy Lee will help you save on your energy bills.
**Andy Lee's short biography **
And here is the founder of the project - Andy Lee. It is this person who will actually help to save significantly on electricity bills, and also, Thanks to Andy's project, You will be able to make money on this by selling your electricity through smart contracts.
Andy Lee's Career
Based on the official information of the project, the first major career achievement of Andy was the development of a new CDN algorithm for the distribution of Internet content, which was created within the company ChinaCache.
After a successful career in ChinaCache Andy was invited to work at Alibaba Group where he was responsible for cloud computing.
During his career in Alibaba Group, Andy has increased the efficiency of processing large amounts of data by implementing various technologies and algorithms.
Another a lot of important dostizheniem Andy was the development of the design of the network traffic in Cisco System. His work helped
fix many bugs in the network code of the kernel of the Corporation and also to improve upon it.
In 2014 Andy Lee became the head of the POMCube Inc. which is working on a new energy storage technology using artificial intelligence and neural networks. It was POMCube that became the starting point for the creation of the Eloncity project.
Conclusion
Organization of this kind of competitions will favorably affect the involvement of additional users in the ecosystem of the Eloncity platform. The winners will be able to receive a worthy reward for their work done in the ECT tokens to their balance, and in addition to this you can get a branded shirt with the company logo. Based on the above, I can conclude that the developers of the project are trying their best to take the leading place in the renewable energy market by inviting to their headquarters such public and very respected people as Dai Zhen, who occupies a serious post in the UN. Also worth noting the successful completion of private sales and the conclusion of various kinds of partnership agreements with different investment companies.
As for the benefits of the project for the whole society, it is worth highlighting the possibility for all users from not the most prosperous countries to get real methods of using all the advantages of the platform. I am sure that the project has great prospects to become a world leader in this segment.
Don't forget to follow these social media profiles to get the latest news 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
Facebook : https://www.facebook.com/Eloncity-229599404279234/
Twitter : https://twitter.com/Eloncity_io
Linkedin : https://www.linkedin.com/company/eloncity/
Instagram : https://www.instagram.com/eloncity_io/
Reddit : https://www.reddit.com/r/Eloncity/
by - https://bitcointalk.org/index.php?action=profile;u=338641