ICO Analysis: Eloncity
Published on July 5, 2018
By Daniel Won
Proof

Token
Eloncity will be powered by Eloncity Token (ECT), which will have a few key functions:

• Exchanging energy – ECT will be used as a medium of exchange for parties that wish to exchange energy with each other. Consumers provide extra energy to those        on the network and earn ECT.
• Store of value – battery energy storage systems (BESS) need to reserve ECT equivalent to their electricity capacity value. Thus, ECT is backed by the value of        electricity in the Eloncity ecosystem.
• “Mining” rewards – BESS, which can be thought of as mining nodes or proof of stake nodes in the Eloncity ecosystem, will be rewarded with ECT for storing              renewable energy

The total amount of ECT is 1 billion ECT.
32% will be for the token sale, 32% for “mining” rewards, 7.5% for the team, 14.5% for ELONCITYLab, and 14% for marketing.
Of the 1 billion ECT, 320 million will be sold during the token sale (private and public phases combined).
Eloncity’s token sale will be handled by Tokeneed.
Soft cap is $10m and hard cap is $33m.

Team

• Founder Andy Li – led Alibaba’s Cloud Computing Data Center Architecture Team in pioneering direct current power system application to mega data centers in Asia. Since 2014, he has been leading the company POMCube in developing intelligent networked battery energy storage systems.
• Advisors:

• • Howard Choy – led Los Angeles County’s Office of Sustainability in developing both energy and environmental programs for the Los Angeles region. The Office of Sustainability manages the county’s $200m annual energy budget for energy efficiency programs, internal operations, and power generation facilities
  • Enso Li – chief architect for Tencent Data Center with heavy experience in 240v high-voltage direct current, data center practices, modular data centers, lithium batteries, and rack servers.
    
  • Michael Yuan – software development expert with multiple published books as well as code commits to high-profile open-source projects like Firefox, Fedora, and JBoss, to name a few.

• Partners include Krypital Group – a blockchain marketing services firm that worked on projects like Arcblock and CyberMiles, both of which did pretty well.

Verdict
Below is a breakdown of the risks and opportunities associated with the project.

Risks
    Private sale allocation a bit lopsided relative to public sale allocation ($19m vs. $8m) but 9 month vesting period for private investors helps balance this. (-0.5)
    Maximum contribution for private sale investors unspecified. (-0.5)

Growth Potential

•    The team has a lot of relevant industry experience, which is probably even more important in a high barrier to entry industry, such as energy. (+3)
•    Maximum contribution for public sale investors capped at 3 ETH. Combined with the fact that there seems to be no lockup or vesting for public investors, this can  help prevent immediate dumps after exchange listing. (+0.5)
•    The Telegram group has been seeing decent growth, signaling some form of investor interest (according to this tool). (+0.5)
•    Similar ICOs like WePower and Power Ledger did well (Power Ledger did very well at one point). (+0.5)
•    Partner Krypital Group has helped other ICOs like Arcblock and CyberMiles do well. (+0.5)

Verdict
It’s not easy finding great ICOs in the current market, but Eloncity could be worth keeping an eye on while public sale details are announced thanks to things like a decent team, long vesting period for private investors, reasonable maximum contribution for public investors, growing social media interest, similar ICOs that have good track records, and a good marketing team. Eloncity receives a 5/10.

Investment Details

•    Type: ERC20 – Utility
•    Symbol: ECT
•    Platform: Ethereum
•    Crowdsale: TBA
•    Minimum Investment: 0.1 ETH
•    Price: Unspecified (Crowdsale)
•    Hard Cap: $33 million
•    Payments Accepted: ETH
•    Restricted from
•    Participating: USA, China, New Zealand, and anyone who is a citizen or resident in a geographic area sanctioned by the USA as well as anyone subject to USA and/or United Nations sanctions

An ambitious project. I really hope that this project will take off and succeed, cause as we know it there is no such thing as free energy in this planet earth. Everything comes with a price. The powers that be may not be happy with such ventures  

Thankfully, the air that we breath is still free!

https://icodrops.com/eloncity/
https://hacked.com/ico-analysis-eloncity/
This is website to rating ICO, It also included all information about eloncity you would like to know.

The first thing come up to my mind when I here about Eloncity project is Electronic field! Wow, that's true!
I'm so excited when Krypital Group have a world tour to Vietnamese, help blockchain and cryptocurrency community in Vietnam know about detail Eloncity project! Thanks your team so much! 

ELONCITY is excited to announce our cornerstone investment receival from @KrypitalGroup, a world leader in blockchain marketing. Krypital will assist our organization with industry resource integration, marketing, technical support, and community organization.

That is all I need for my questions  ! Thank you so much for your information  

The project is good. I read the information and roadmap on your website, I found it very detailed, I hope this project will follow the roadmap. Good luck!

First of all, the Eloncity project is a great project. I hope it will succeed in the future. But I have a question for you. How do you deal with the effects of wind generators on ecosystems and humans? (Noise, radio waves, animals ...)

It aims to decentralize the electrical grid infrastructure and energy monopolies by replacing them with a hierarchy of blockchain-enabled microgrids. Those microgrids allow communities to store, trade, and consume locally-generated renewable energy.That is, most trading happens between stable groups of households in the same neighborhood or community. That allows us to scale the network by building side chains, each representing a microgrid. The system aims to achieve supply and demand balance within — and across — communities, reducing the need for very expensive peak generation power and the power transmission fees that plague the network today.