Eloncity world tour @ Korea

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Recently Krypital group, an industry leading firm organised an Eloncity world tour. As Krypital group specializes in providing comprehensive blockchain marketing services to clients worldwide they aim to provide the service to Eloncity by hosting the “Making the impossible possible 2018 world tour” on 1st of July in Seoul, Korea. The conference will shine with biggest names and rising stars in blockchain from across the globe and make a fruitful day. They intend to share ideas, best practises and cutting solutions. Thus the conference will find solutions for most pressing problems facing our world today with a simple gathering of best stars in the blockchain world. The guests have lots of opportunities in this conference. They can meet up founders of leading blockchain projects and learn from them. Guests include

1. Lucas Lu – Founder of CyberMiles
   
2. Ivan Jiang – Founder of Merculet
   
3. Robert Mao – Founder of Arcblock
   
4. Peter Huang – Founder of Egretia
   
5. Bangdao Chen – Founder of Quoinblock
   
6. Andy Li – Founder of Eloncity
   
   A special guest, Tokenneed will join these project founders.

About Eloncity

The design of Eloncity was targeted to solve the problems related with traditional power production and consumption. Eloncity used blockchain technology to accomplish the change to solve these issues. The creation of Micro energy production sites like rooftop solar, coupled with intelligent networked battery energy storage systems, installed on users premises millions of “micro grids”. These “micro-grids” along with blockchain based smart contracts and performance-based micro-financing helps in unifying ecosystem and take a big step forward in global power production and also, consumption towards renewable resources. Eloncity makes energy price transparent to all. Eloncity open technology advances in a virtually free electricity supply. So the whole world will be electrified with clean energy. Thus, Eloncity decentralizes our power infrastructure into millions of self sufficient micro grids.

Problems of modern centralized power grid

Over the past 100 years the modern electrical power grid went under number of operational standards. Today the system operators are facing the challenges with power system and need hasty solutions. Among these challenges are

1. Intermittent renewable generation and difficult to control
   The customers need electricity without the worry of whether the wind blows or sun shines. Across the grid in distributed locations there are installed wind turbines and solar panels. They may be low-cost, clean, renewable energy. The power provided to grid sometimes may be create problems for operators. Among these issues are changes in voltage on distribution feeders’ issues with fault detection and unwanted generation capacity. These issues affect the reliability and sustainability of the grid.

2. Energy consuming equipment is changing
   New devices like computers, TVs, entertainment systems and also lights (LEDs and CFLs) do not respond to changes in the system voltage or frequency. They also consume huge amount of power and affect delivery of power along with increased losses, equipment failure and may even build fires.

3. New protection systems and technologies
   The new wire technology increase losses by more than 4 times the norm. New technologies are a cause for overall system losses from 5 to 7 percent to 9 to 12 percent.

4. Unaffordable electricity cost
   Most people in third world countries cannot afford to have electricity. Day by day electricity cost is rising. Electricity is a right. However, only few in the world enjoy that right due to poverty and other financial issues.

The solution

1. A decentralized energy architecture which consists of
    A high performance blockchain technology platform
    A crypto utility token
    An intelligent networked battery storage system
    Customer-sited or community based renewable generation
    Community DC power network
2. Community driven planning and implementation warrant
3. Combined performance based projects with revolving loans fund
4. A collaborative and equitable regulatory framework

Advantages

• Secure transparent energy transaction
• Open market to exchange energy and share resources
• Greater energy service reliability
• Low cost energy supply

Eloncity token

The ECT token is a utility token. It is designed with the intention to make energy exchange within Eloncity micro - grid. This ERC20 token type will be released to customers. There will be total tokens of 1,000,000,000. From them 32% of them are available for token sale. China and USA cannot participate. They accepts ETH.

Conclusion

The era of centralized power is removed slowly by the revolutionary coming of Eloncity. Thus, they hope to overwrite the existing power sector. They are the center for collaboration, sharing and distribution of power and power sources. Eloncity has passed the requirement to compete with other projects in the energy-based ICO sea. Not only that this successful Eloncity project is a blessing power struggling people. Now the whole world can enjoy the right of electricity for free.

identification link
http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000167

For more information, visit:
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Main Website: http://www.eloncity.io
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