Modern day human life is connected with various electric equipment and those electric equipment have a great influence on human life. All these equipment provide comfort for us. Electricity is a precious gift given by the science to man kind. It has become a key element of the modern civilization. We can't live without it further more even the civilization may collapse without the electricity. As the world population growing, The demand for the electricity also growing. The energy what we are using modern day, are generated through electric grids, Decades are gone but still centralized AC power systems yet to be upgraded. Current energy sector has many disadvantages. It is a must to abolish these problems in this industrial revolution 4.0. Project Eloncity is ready to provide solution in the currency energy system.
Eloncity
Project Eloncity is a project designed to solve all the problems that occur in the current energy sector with the help of blockchain technology. Eloncity will decentralize the power infrastructure in to great number of self-reliant micro-grids. Project is quite capable of providing the power 7/24 without any difficulty but with required higher standards compared to current energy network. Since the blockchain technology will be used in the project, Transparency also will come to energy sector what traditional system cannot provide us. So, we can realized this project has higher level of potential and we could see more and more investors are joining with the project considering future value of the project. ( If you are connected with their official sources you would already know about it. If you are still not aware of it you can get details Eloncity's official sources which I will be included at the bottom of this article). ECT is the token name of this project that will act as the medium to continue the process of exchanging the power. Since the project popularity is growing ECT Tokens too will have a higher demand in the future, eventually It will create a higher market value for ECT Tokens in the Crypto market. So I believe we must pay our attention to ECT Tokens.
ECT Tokens
ETC Tokens will be the medium to continue the process exchange power within the community. a user who has extra energy can sell to another user who is willing to buy at that moment. In Addition, You can earn 16 ECT Tokens as rewards for each megawatt of clean energy in this platform. Eloncity intend to produce equipment to storage clean energy so that community members can store their additional energy in the platform. Eloncity can motivate many people and institutions to invest in energy storage equipment in this
There are two main functions in the Eloncity token
Economical
Every single gadget or instrument work with ECTP must have adequate/fitting ECT token which is equivalent to the measure of its power, that implies the power expending to partake in this trade procedure. This makes the cost of power bolster the store of qualities.
Exchangeable
For power digestion, we can utilize this Eloncity stage or by systems administration this ECT. While considering Energy the essential controlling will be controlling interest for power and supply for power. ECT token can manage this by here and now value variances. So the clients would be able to procure by giving the abundance the energy they produced from their decentralized power plants (sun based and twist ) to the system. With the goal that implies in the meantime the overabundance the energy produced by the purchaser will be utilized by another customer associated with the Eloncity network. Also, individuals in the network can utilize this ECT tokens to associate with the local power sites and the items which approve of Eloncity. So this is an exceptionally critical element of ECT token.
Stunning features of ECT Tokens
There are parcel of significatant highlights of ECT Token. One of the principle vital certainties is the earth for energy trade or power trade in the network the ability to store the sustainable power source. Furthermore, we an overlook the profitable acting of the ECT in the Unified trade, that implies for the connecting clients or clients in this network with energy arrangements. What's more, the individuals from this network can utilize their created or earned ECT to get the sustainable power source items, there are diverse decisions and a few administration alternatives. In straightforward words, the ECT token runs the way toward interfacing diverse arrangement suppliers to the network individuals which are organized in the Eloncity platform. What's more, this will make a mono sustainable power source commercial center that is open and reachable for any area on the planet. So this is an extremely critical wonder. There are no political, monetary limits. Token ECT is utilized in a few critical capacities, really ECT token is the medium of power trade inside this Eloncity platform or network. So this will build the value of ECT token high with time.
The utilization of ECT in future
ECT token will be a key crypto bolster token later on and as this token is completely dynamic in the Eloncity platform in different ways, it will be an exceedingly dynamic token later on in the market with a popularity. So while thinking about the highlights of undertaking Eloncity, this token will be an everyday utilized token by individuals. As the network itself creating power and they got paid through this ECT token, so this coin will be exceedingly utilized token in the power sector. ECT token dynamic on an open commercial center, where individuals from all around the globe are empowered to join the exchanges in this community. So this will help for the better advancement of ECT token.
Verdict
Project Eloncity based on an extremely present day and auspicious idea to the world. It is exceptionally solid and extremely useful for the energy industry. This project address every one of the issues in the current energy sector.this project will make power considerably more moderate than now. The most fascinating, in unraveling this issue, on account of the innovation of blockchain, we can likewise decrease the cost for power, since we will take care of the imposing business model issue. At the point when an organization alone sets a cost available, and we are compelled to endure this cost, since we can not change the cost, on the off chance that we utilize blockchain and decentralization, at that point the reasonable cost will be set by the entire network and it won't be constant , It will change continuously, contingent upon free market activity. I can say that this is a very ambitious project.
For More Information Visit :
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
ANN : https://bitcointalk.org/index.php?topic=4465922
Telegram : t.me/Eloncity
Facebook : https://www.facebook.com/Eloncity-229599404279234/
Twitter : https://twitter.com/Eloncity_io
Author - babara20
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2164613
Very informative article from you @babara20, Eloncity is a very impressive project as we all know. You have done a great job with this article to take Eloncity name to the public. Clean energy is a must for the world right now.
Thank you @shirano
Yes, this project has a high potential to be successful.
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This post has received a 1.56 % upvote from @drotto thanks to: @manjari.