Overview

Eloncity decentralizes our power infrastructure into millions of self sufficient microgrids.

Project stage

Only a whitepaper

Detailed description

ELONCITY decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities. Energy price becomes transparent to all. People use eloncity's open technologies to make electricity virtually free so that we can electrify the world with clean energy.

Problem

Environmental and Public Health Problems, California October 23, 2015 – The underground natural gas storage located in Aliso Canyon (Los Angeles) had a massive leak.

Safety and Reliability Problems, California September 8, 2011 – A deficient equipment maintenance procedure at a transmission switch station in Yuma, Arizona, initiated cascade grid power failures that left more than seven million residents without electricity, from San Diego County to western Arizona and Tijuana.

Adaptability and Resilience, Melbourne, January 28, 2018 – More than 10,000 homes in Australia’s second most populous state were stuck without power as a surge in power demands from the scorching heat wave overloaded the grid.

Unaffordable Electricity Cost, USA April 14, 2016 – According to a study by Groundswell, a nonprofit renewable energy advocacy group, the cost of electricity is increasingly burdensome for America’s working class.

Solution

With the challenges of natural disasters, population growth, and climate change, new approaches to energy production and distribution are needed. The solutions must warrant vibrant and sustained growth for all. AI Grid Foundation (Foundation) is a non-profit organization based in Singapore who advocates for employing decentralized renewable energy as a possible pathway to address the problematic centralized AC grids as mentioned above.

The Foundation has collaborated with global organizations and local communities to develop the Eloncity Model; a multifaceted solution that employs decentralized renewable energy resources to eradicate barriers to attain safe, healthy, vibrant and equitable energy future.

The proposed Eloncity Model integrates advanced technologies, best practices and lessons learned to create a scalable and replicable recipe for unleashing the potential of the community-based renewable microgrid to attain a more vibrant regenerative energy future. The Eloncity Model builds upon four key pillars:

  • A decentralized renewable energy architecture
  • Community-driven planning and implementation warrant the enduring success of the community’s transition into the sustainable, regenerative energy future
  • Combined performance-based projects with revolving loans fund create an effective strategy for mobilizing the private capitals to drive wide-scale adoption of decentralized renewable energy
  • A collaborative and equitable regulatory framework facilitates leveled-field markets to mitigate imbalanced market powers, unleash market innovations, protect the energy consumer, and support the local economy

Features

Blockchain-based Trade System with AI algorithm
Blockchain based trade systems make energy trade transparent while AI algorithm finds fair market prices in real time as reference.

Smart Energy Storage Systems
Energy storage systems with IOT technologies balance the demands with supplies of locally produced renewable energy.

Switching DC Power Bus
The new last-mile network helps remove peak load permanently.

Direct Current Appliances
New appliances, driven directly by DC, eliminate the repetitive power conversion and improve the competitiveness of locally produced renewable energy.

Proof of Stored Power (PoSp)
New mining scheme makes ESS investment grade financial property.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ECT
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 33,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :10,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 ECT
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :320,000,000 ECT
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

    Sale schedule

    Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
    Public sale — Soon
    Start Soon
    0.12 USD No 0.1 ETH - 3 ETH Uncapped 8,000,000 USD
    Private sale — Active
    28 Jun 00:00 UTC
    0.12 USD No 0.1 ETH - 3 ETH 10,000,000 USD 19,000,000 USD
    • Team

      • Andy Li photo
        Andy Li
        Founder
      • Michael Nguyen photo
        Michael Nguyen
        VP of Program Management
      • Justin Wang photo
        Justin Wang
        Product Manager
      • Gregary Liu photo
        Gregary Liu
        Marketing Director, America
      • Dunping Yao photo
        Dunping Yao
        Hardware Engineering Manager
      • Peng Xu photo
        Peng Xu
        Software Engineering Manager
      • Haichuan Jiang photo
        Haichuan Jiang
        System Verification Manager
      • Allen Ding photo
        Allen Ding
        Eloncity Project Manager
    • Advisors

      • Bryan Allen
        Advisor
      • Chris Whalley
        Advisor
      • Ensol Li
        Advisor
      • Haifeng Qu
        Advisor
      • Howard Choy
        Advisor
      • Michael Yuan
        Advisor
      • Robert Fortunato
        Advisor
      • Robert Mao
        Advisor
      • Kelvin Xu
        Advisor
      • Jasmine Zhang
        Advisor

    Roadmap

    • Q4 2014

      POMCube founded to develop battery energy storage system (BESS) for:

      • Optimizing local electricity supply and demands.
      • Enabling more usage of renewable energy
    • Q3 2015
      • 1st BESS product, iCAN, commenced pilot production.
      • 1st market testing of iCAN in North America.
    • Q1 2016
      • Commercial launch 1st BESS product, user-friendly plug-n-play BESS for home markets.
      • Virtual Power Plant (VPP) based on intelligent BESS demonstrated.
    • Q2 2016

      iCAN mass market testing in North America.

    • Q4 2016
      • Commercial launch 2nd BESS product, iCAN Light.
      • Commenced development off-grid markets (areas lack electricity grid).
      • Commenced development of BESS, NetZero, for off-grid applications.
    • Q3 2017
      • NetZero field demo in actual off-grid areas.
      • NetZero successfully managed and optimized decentralized energy resources (i.e., grid power, solar PV power, gas generator, etc.)
    • Q3 2018
      • ECT Token Sales Event.
      • Commence construction 1st energy self-sufficient campus based on NetZero technology.
      • First Eloncity microgrid (ECTP-enabled) proposed.
    • Q4 2018
      • ECTP supports ArcBlock Open Chain Access Protocol.
      • Demonstration of ECTP-enabled DCbus prototype with 1500Vdc Endpoint and Scheduler.
      • AI-Algorithm for real-time energy price calculation.
    • Q1 2019

      Eloncity Energy Exchange and Smart Contract platform, Eloncity Token Mining Mechanism deployed on Cybermiles Plasma Layer.

    • Q3 2019
      • ECTP Trading platform & DCbus debut.
      • Release Code for ECTP Trading platform and ECTP-enabled DCbus Scheduler.
      • Release specification & documentation for ECTP-enabled Dcbus.
    • Q4 2019
      • Launch 1st & 2nd Eloncity microgrids based on ECTP platform.
      • 1st & 2nd joint-development with local government on ECTP microgrid.
      • Field pilot 200 Vdc appliances.
    • Q1 2020
      • Release Project Developer Guide for deployment of Eloncity microgrid.
      • BLSD hardware platform to be NRTL and FCS certified.
      • Release specification for Multi-Segment DCbus.
    • Q2 2020
      • 1st ECTP Conference in Cabo, Mexico
      • Field pilot of ECTP Platform supporting electric vehicle (EV)-to-grid applications.
      • Field deployed ECTP-enable BESS stored 1 Tetra * watt * hours of renewable energy.
    • Q4 2020
      • 100th developer / vendor supports ECTP.
      • Eloncity microgrid exchange energy with centralized AC grids.
      • Release proposed specification for 200 Vdc Outlet.
    • Q2 2021
      • Field deployed ECTP-enable BESS stored 100 Tetra * watt * hours of renewable energy.
      • 2nd ECTP Conference in Hangzhou, China.
      • ECTP-enabled EV released for mass production.
    • Q4 2021
      • Launch 3rd & 4th Eloncity microgrids.
      • 3nd & 4th joint-development with local government on Eloncity microgrid.
      • SAE J1772 adopts 200 Vdc proposal.
    • Q2 2022
      • ECTP Standard widely-adopted.
      • Released Toolkits and Design Guides for ECTP-enabled products.
      • 3rd ECTP Conference in Frankfurt, Germany.
    • Q4 2022
      • ECTP-certified 1,000th developer/ vendor supports ECTP.
      • 200V dc elected as proposed standard.
      • NFPA conducts safety test on 200 Vdc Connector.
      • ECTP Platform support.

    Activity