ELONCITY: powering the world for free

If someone would have told me that Blockchain would become such a big thing couple of years back, I would have just laughed and laughed. But, much to my surprise, it has taken the world by storm. I would not have thought in my dreams that blockchain can be used to achieving so many great things. I still remember that it all started with a mere cryptocurrency in 2009 (Bitcoin). Then came Ethereum in 2013 which changed the whole perception of blockchain technology by showing a glimpse of the true power of blockchain.
Now, companies are trying to use blockchain in every sector to come up with some revolutionary product and energy sectors is one of them. Companies are trying to eliminate the era of centralized large-scale production of energy and replace it with the decentralized one. The use of blockchain technology promises to bring the demand for energy into the individual level from where traders can sell their shares.
Recently, I came across one of such company- ELONCITY. But unlike other companies, ELONCITY wants to focus more on the renewable sources of energy as they understand that it is important to maintain a balance in the natural ecosystem. They plan to work on energy microgrid which can work with localized power. That's why I decided to dig deeper and find out more about the company and how it works.
ELONCITY platform
ELONCITY is a decentralized ecosystem that wants to enable tracking and distribution of renewable energy generation sources. The platform will use blockchain technology to serve its purpose. They plan to develop a community where an individual can enhance their collaboration and sharing of energy.
ELONCITY plans to use AI and blockchain to develop a fair and transparent energy market which can handle real-time pricing. They will also work on IOT based energy storage system to balance out the demand and supply. The company will also remove the need for repetitive power conversion which will enhance the efficiency of the process.
ELONCITY promises to lower the expenditure in energy production and distribution by combining local grid networks, appliances and by decreasing energy loses. They also aim at producing renewable energy rather than relying on the use of fossil fuel for generation of electricity. This will also help maintain a balance in the ecosystem.
ICO and Team
ELONCITY uses ERC20 token which is created on Ethereum blockchain. The company has released a total of 1 billion ECT tokens out of which only 32% will be available for the sale. ELONCITY will organize the token sale in Q3 this year. The tokens will be sold at a rate of 1 ECT token= $0.12 USD. However, you need to be aware of the fact that the company will only accept Ether as a mode of payment for the token. You would also need to invest a minimum of 0.1 Ether.
Conclusion
ELONCITY will start the construction of first energy self-sufficient campus in Q3 2018 (based on NetZero technology) and the AI algorithm for real-time price calculation will be developed in Q4 2018. ELONCITY will release the code for ECTP trading platform in Q3 2019 with proper specifications and documentation. The company plans to launch first two micro-grids based on ECT platform in Q4 2019. The first conference will be held in Mexico in Q2 2020 and the second one will take place in 2021 (China). The company has also planned to expand its business by opening third and fourth micro-grin by the end of the year 2021.
It took me a couple of hours to go through the company's future plans (as it was very big and detailed). Based on that, I could say that company has planned its way and according to the rumors they are on course with that schedule. But, they have yet not made progress with the development with the micro-grid which is their core product and rest are only speculations. So, it will be interesting to see whether ELONCITY can stick to their schedule or not. So, to draw any conclusion based on the current statistics and development would be irrelevant.
As far as the investment is concerned, yes the company has come up with a brilliant idea and if they are able to execute that then they could become a global leader in the energy sector. So, it can be a good opportunity for investment opportunity if you are looking to be a part of the company for a long duration. But if you are looking for a quick return on your investment then this company might not be able to fulfill your wishes.

Visit more details:
 Krypital Bounty Group: https://t.me/KrypitalBounty
 Eloncity Group: https://t.me/Eloncity
 Krypital News: https://t.me/KrypitalNews
 Your unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000139