Why you should participate in Eloncity Token
Eloncity is a project that has been introduced by the Krypital group with an aim of providing renewable energy worldwide. To learn more about the Eloncity Token, one must have basic knowledge about the token protocol observed. The ECTP (Eloncity Token Protocol) is based on the Blockchain technology that builds a reliable and efficient electricity or energy exchange platform not forgetting the exchange is community based. The ECTP have the responsibility of specifying hardware devices that are to be used in the Blockchain platform during electricity exchange. The core thing to know is that this protocol is an Al based algorithm used to determine the real time electricity prices depending on a chosen location. This protocol is able to recognise that there are different prices of electricity in various streets or areas.
Going back to the Eloncity Token, this is a utility token which is designed in a way it can facilitate electricity exchange in a specific Eloncity Micro grid. The Eloncity Token has two primary functions which includes; The first function is that the token is a medium of exchange. According to design of Eloncity networks, the Eloncity token is used as a universal exchange platform where energy exchange takes place. According to economics, supply and demand must be regulated in any way to avoid imbalance on the market. In this case, the energy prices fluctuation in the short term governs demand and supply which is an excellent approach of stabilising the market. You might be wondering how one earns Eloncity Tokens, one is able to obtain these tokens through provision of surplus energy to the peers on the designed network.
The community members enjoy the Eloncity Token by accessing local energy services and products. The second function indicates that Eloncity token is a store of value. For the exchange to take place automatically, the BESS device is expected to reserve enough Eloncity which should be equivalent to the amount of the electricity provided. The amount of power is used as a backup for the storage of value. The amount of Eloncity is determined by the cost of energy capacity and the velocity of Eloncity Token transaction, this is an excellent way of storing the value of Eloncity as an investor. In this case, if the amount of electricity goes up you will be able to make some investment profits. Most people have shown interest on the participation of this project since the idea seems to be mind-blowing.
The future of Eloncity has been foreseen by experts who believe this will be the only way that can eradicate the suffering of various countries that have low electricity. Remember that reducing of cost is very important to the economy. Participating in the Eloncity Token, will add value to the project and this will enable the Krypital Group to run it smoothly as expected. The total amount which is estimated on the trade market leads up to USD 5.6T all over the world by the year 2040. Beside the above two function, Eloncity Token has essential features. Additionally, Eloncity Token also plays as a medium of unifying exchange that links the energy consumer and renewable power solution in the future decentralised economy. There is more to learn about Eloncity Token and the benefits to be received by the users or participants in general.
With the Eloncity Tokens it is easier for the community to access the renewable energy products and services. It is important to note that, by connecting both solution provider and energy consumer, there is creation of a unified renewable power market place which is not limited by the economic barriers, political boundaries and geographical separation. With the above function the market is unified creating a stable economy for the whole area. Eloncity Token aims to grow the community to a unified global market place that will give room for significant increase in prices. In this way investors can be able to place their bets on the Eloncity bet for a win to win results. Purchasing of Eloncity Tokens as said earlier is a store of value, one can purchase these tokens as and store them for future use.
Be a part of this project and let’s join hands to provide accessible electricity to the world, by doing this as an investor you will also have an opportunity of earning more. Nowadays many people are buying crypto Tokens and store them as their assets which in future they get benefit financially from them. For information, visit the Eloncity website and get to learn more about its existence and benefits.
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
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