Topic: [ANN][ECT] Eloncity - Power the World for FREE - page 18. (Read 7049 times)

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a big investment fund eloncity, it's amazing.

i agree , projects like that wil make cryto-economy develop and common more ....

me too ,  , they are strong team , hope them can make project success ...

will soon , wait  public sale infomation  will be available in august , i think so.

Be patient, public sale information will be available in August. I believe so.

Is the project feasible or not because the clean energy project has been on the earth for so long. What is the difference between the Eloncity with other sustainable energy projects ?

Unfortunately, there is no accurate information. I think that about 80% of the tokens were sold on a private sale. And I think the public token sale will start in August.

Hello Eloncity Team,
What is the result of Private Sale? and when the Public Sale will open? In August or September?

'' ELONCITY targets the infrastructure of the community microgrid. ELONCITY hopes that in the future, application developers can develop more smart power applications based on their hardware and software products. For example, indoor smart devices could automatically start or stop according to electricity prices. In addition to providing the underlying transaction and pricing systems, ELONCITY also provides designs for things such as storage equipment, community DC power grids and its scheduler, and endpoint equipment (nodes) in order to help manufacturers produce competitively-priced hardware. All hardware and software facilities in the ELONCITY model will be open-source in order to reduce deployment costs for community DC microgrids.''
From here, more inf : https://medium.com/eloncity/to-fully-utilize-energy-eloncity-seeks-to-build-a-renewable-electrical-energy-sharing-network-e75284691912

The project plan behind ELONCITY looks super exciting. Their visualization of powering the globe for free is great innovative, but also comes with many challenges. Therefore ELONCITY is in my own opinion quite a long phrase project, which will take a number of years for universal adoption. But with the group behind the CEO and founder Andy Le, I highly think that they'll be capable to revolutionize the power industry.

Well I like you, there are many great investment funds invested in them.

Do not worry, they will have a notice. I think it will happen in August.

the project team just punched me) I like when the team is Asian, it so happened that they know how to make quality projects that are always successful, I believe in you

Reply from Eloncity ECO - Andy:

Not exactly, as long as the efforts are not limited by the local government’s franchise laws. We hope that local governments can see the value of the program in terms of using more renewable energy and hopefully make the energy exchange within the community tax free. We expect that communities, along with the financial industry will be able to build the infrastructure without subsidies from governments. 

Reply from Eloncity CEO - Andy:

The reward is handed out every one megawatt-hour of energy stored instead of the integer number of ECT reward achieved. Miners who harvest renewable energy and store them for later use will receive 16 ECT for one megawatt-hour of energy initially. When the aggregated amount of stored energy doubles from the previously aggregated amount, the reward is cut in half for every megawatt-hour of stored renewable energy.

Reply from Eloncity CEO - Andy:

We respect Mr. Musk and share a similar vision to power the world with renewable energy. However, we don’t believe the centralized method (top-down model) will help us reach the goal. In fact, we think the approach taken by Tesla Energy will run into plenty of obstacles and therefore ELONCITY will continue the entourage by adopting the decentralized way (bottom-up model) and make renewable energy more affordable so that the rest of the world (85% or higher) can contribute and achieve the ultimate goal - Powering the world with renewable energy.

Reply from Eloncity ECO - Andy:

Generally, each household has a rooftop system anywhere from 4kWp to 7kWp and about 4 hours to 6.5 hours of sunlight on average. If we assume a regular household has 5kWp and 5 hours of sunlight, it will produce 25 kWh a day, which is roughly enough for one household in the US without EV. It will take roughly 3,500 years to produce 32GWh. Please note the reward is handed out every one megawatt-hour of energy stored. You will initially receive 16 ECT, in this case, for about 40 days. You will receive only 8 ECT when the aggregated stored energy reaches 1TWh but is still shy of 3TWh. Once the aggregated amount reaches 3TWh, but is short of 7TWh, your reward for every megawatt-hour of stored renewable energy will be given. The reward will continue to be given out until we finally use renewable energy as our primary energy.  

Reply from Eloncity ECO - Andy:

1) What is a “micro-grid”?

      A micro-grid is a small electric network at the edge of the grid. In the ELONCITY Model, a micro-grid consists of up to 1,000 residences and the DC-bus, a pair of electric cables running at 1,500V, which connects each of these residences through the DC-bus Endpoint, a DC/DC converter. Unlike its AC counterpart, A DC-bus Endpoint does not connect to the DC-bus all the time. Instead, the DC-bus Endpoint only gets connected to the DC-bus when it is granted by the DC-bus Scheduler to send or receive energy. The micro-grid facilitates the energy exchange among residences while the DC-bus allows people to share energy storage so that no one has to purchase a full capacity of energy storage to survive. The ELONCITY model is designed to speed up the process of achieving a zero carbon footprint by making locally produced renewable energy, which is made available 24 hours a day and 7 days a week extremely competitive so that the community can become self-sufficient and seldom rely on the grid for energy. Even if the micro-grid community cannot produce all the energy it needs, it will only consume energy from the grid at a constant rate during the off- peak hours and hence greatly improve the stability of the grid and its ability to absorb renewable energy. The micro-grid also helps improve the resilience of the grid during natural or manmade disasters.

2) How can you solve the problem of pricing electric companies?

Making the consumer an energy producer (prosumer) so that people have the ability to say “NO” to expensive electric companies (utilities). We also use blockchain to make our price transparent, competitive and complete so that prosumers will use energy wisely, earn their investment back sooner and prevent anyone from the arbitrage of electricity. Please see the white paper for more details about these mechanisms.  

They are doing everything they can I think to avoid any negative situations or maybe also legal problems when they finally launch.