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Electrify.Asia (Elec)- 23.Feb

Welcome my friends to a new interesting ICO today and let’s see their great idea:

Building an intelligent energy ecosystem for Asia

Electrify is the main retail power commercial center in Southeast-Asia tending to the requirement for straightforwardness and security in the energy advertise. With a GMV of over SGD$5 million to date, Electrify has executed more than 30GWh of power for business customers since consolidation.

The project vision, mission and path:

Electrify’s main goal is to make energy exchanges completely available through the improvement of a decentralized energy trade and exchanging instruments for singular shoppers and makers. In the short to medium term, it is unlikely to totally wipe out incorporated utilities and depends exclusively on decentralized energy sources.

The team trusts that an adjustment can be struck between the two extremes that offer an ideal position for a buyer’s advantage and advances straightforward evaluating from unified utilities.

Decentralized responsibility for Electrify ecosystem and its open-source devices will bring about the possible disintermediation of lease looking for utilities, bringing about an all the more even appropriation of advantages and utility. The team imagines that the group will run and settle on choices for the Electrify ecosystem that is comprehensive, economical and advantageous to the group on the loose.

Electrify will empower the decentralization of energy creation and convey the energy of decision to the shopper. The team intends to manufacture a superior power system, and it begins with an insightful energy ecosystem. The Electrify ecosystem will work as the buyer confronting, Electrify Marketplace 2.0, driven by brilliant contracts and a distributed energy exchanging platform, Synergy.

Electrify marketplace plan of action will be changed into Electrify Marketplace 2.0, guaranteeing a true blue utilize case for the Elec token. With the up an coming progression of the energy diverse crosswise over Asia, the marketplace 2.0 will be upgraded to have retail power smart contracts and give property holders a road to peruse and buy power from a retailer or from the little scale energy producers.

The project platform, products:

1. Marketplace 2.0 – smart contracts for energy

The Electrify Marketplace 2.0 will be the larger web and versatile stage, enabling customers to get to the greater part of ELECTRIFY’s administrations. Customers will have the capacity to buy energy from power retailers or specifically from their associates (P2P), removing the agent.

2. Synergy – peer-to-peer energy trading platform

Synergy enables customers to purchase control straightforwardly from little scale makers, for example, private housetop sun based and wind turbines. Synergy expels the middleman between and decreases energy costs for all customers. P2P exchanges will ride on a Contract for Difference (CfD) settlement instrument. Past microgrids, the CfD-based platform will enable Synergy to connect and-play to significant urban areas and all created control frameworks all inclusive.

3. Powerpod

To precisely track and review the generation from a little scale energy maker, the team has built up an IoT keen gadget to quantify also, empower P2P exchanges by means of Synergy savvy contracts. PowerPod will log the energy created onto a blockchain. Energy makers will be required to store no less than 200 ELEC/kWp of evaluated age capacity as permission access to compose energy information onto the blockchain. This empowers long haul proprietorship and disincentives altering and unscrupulous conduct. This information will likewise enable makers to be granted a sustainable power source authentication.

4. eWallet

The eWallet will be utilized to encourage installments by means of the keen contracts, enabling buyers to pay for their energy use. This will empower programmed and secure installments and enable energy providers to deal with their credit chance. This will be the standard for installments in Marketplace 2.0 and Synergy.

The project token (ELEC) usage:

  • Listing stores for energy producers and retailers to get to Electrify’s community
  • Transaction charges paid by Energy Providers to Electrify
  • Loyalty rewards for purchasers

Project Roadmap:

2017

  • Launched Electrify.SG

2018

  • ELEC token sale
  • Beta launch – Electrify Marketplace 2.0 and eWallet
  • Beta launch – Synergy and Powerpod
  • Expansion into Japan

2019

  • Expansion into Philippines, Australia

Project Team:

Electrify.Asia has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.

  • Julius Tan – CEO
  • Martin Lim – COO
  • Alexia Lee – Operations
  • John Lian – Developer
  • Elen Cheran – Business Development
  • Mohan Raj – Business Development
  • Chan Chea Hang – Developer
  • Adrian Lam – Business Development
  • Harry Choong – Engagement
  • plus the HOQU advisers

Finance:

  • Token: Electrify.Asia
  • Abbreviation: ELEC
  • Platform Ethereum
  • Accepting ETH
  • Supply: 750m ELEC
  • 1.067 ETH = 12.537 ELEC

More info:

Tokens Sale Availability:

  • Start date: 23.Feb.2018
  • End date: 1.Mar.2018

 

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About the writer

My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.

Your donations are highly appreciated. MEW address: 0x70912D44a60D099ECac3Ea568aEeB1dDCa2BA3A5

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