The use of ECT in the future and it’s features

channaj (39)in #blockchain • 6 years ago (edited)

Background overview

Hello everybody!

Welcome back to my blog. Today I’m going to tell you The use of ECT in the future and it’s features from this article. Hope you guys have read my previous articles regarding Eloncity project. If you still have no idea about this wonderful project, go through my articles and read them, then you can get a clear glimpse about this most happening project. So, from this article let’s move onto the uses of ECT in future and its features.

Now today we are living in this global village as one family. Any person around the world can be connected with any other wherever in the world from just a single click. Technology has become so far developed from various sides. Therefore, the word “power” and “electrical energy” has become huge important words to this fast growing world. Using electrical energy people invented novel products to the globe. To do those tasks what they essential is the power. Without power, we simply can’t imagine a world to live.

Today, alternative current we used is based centralized power systems. There are many disadvantages and crisis in this centralized power systems. Unfortunately, the bitter truth is there is no any development of AC current system since last two decades. But now we are lucky enough, because with the project Eloncity and the token ECT it gives promising hopes to us. Because the project Eloncity will addresses the key problems in power industry.

Thereby, we can overcome many problems and disadvantages in this area and the usage of this ECT token will climb up to its climax. So, let’s figure out the future benefits of ECT token and features of the ECT token from this article.

What is ECT token?

ECT token is the major water spring of Eloncity platform. ECT token is designed to continue the process the exchange of power in this platform.

Simply, for each megawatt of clean energy, you can get 16 ECT token in reward form. Hence, developers are intending to motivate a large number of people and institutions to invest in energy storage equipment.

Benefits of ECT

ECT is a utility token designed to facilitate energy exchange within an Eloncity microgrid and among adjacent eloncity microgrids. The ECT will have two major functions as follows.

1) It acts as a medium of exchange

ECT is used for energy exchange. The basic controlling of energy is controlling the demand for electricity and supply for electricity. Therefore, ECT token can regulate this via short term price fluctuations. Therefore, the prominent part is consumers are able to earn by giving the generated excess energy from their solar and wind power plants. On the other hand that means, another consumer can be used the excess energy generated by the consumer.

2) It is so economical

The value of each ECT is determined by the total energy transaction volume of the ecosystem, and the velocity of the ECT transactions. Due to the exchange reserve requirements, there is a limit for the monetary Eloncity which creates value for the ECT and produces a stable token system.

Prominent features of ECT token

The environment for the power exchange or energy exchange in the community has the ability to store the renewable energy.
The ability to link users or customers in the community with energy solutions.
The ability to use generated or earned ECT to get the renewable energy products for the members of this community.
The ability to create a mono renewable energy market place that is open and reachable access for any location around the world.
Acts as a medium of energy exchange within Eloncity platform.
Blockchain based trade system with Al algorithm. Blockchain based trade systems make energy trade transparent while Al algorithm finds fair market prices in real time as reference.
Small energy storage systems. Energy storage systems with IOT technologies balance the demands with supplies of locally produced renewable energy.
Switch DC power bus. The new last mile network helps to remove peak loading permanently.
Direct current appliances. New appliances driven directly by Direct Current, eliminate the repetitive power conversion and it improves the competitiveness of locally produced renewable energy.
The new mining scheme makes ESS investment grade financial property, which makes the proof of stored power.

The future usage of ECT

Without any doubt, ECT token will be the major crypto support token in the near future. Near future it has high market value and high demand to this ECT token due to its superiority.

Second by second, minute by minute and day by day ECT token in the Eloncity project gains popularity among people in the globe. So, definitely, it has good market value to this promising project. Therefore, it is obvious that ECT token or the ECT coin will become the most highly used token or the coin in the future power industry.

The most attractive part of this token is people in all around the globe will get direct access to join with the transactions of it.

Conclusion

The project Eloncity addresses many problems and disadvantages of current centralized Alternative Current (AC) power systems. So, it is obvious that Eloncity project will give most reliable and practical solutions for the current power industry. ECT token being the major water spring of this project will upward this project. Because ECT token will maximize the value of this project Eloncity. So, there’s no need to think twice for those who are interested to invest this project, as it has already established its promising future. Eloncity project has a reliable concept of providing renewable energy by using blockchain technology. This projects gives lots of benefits to the globe. This is cost effective, eco friendly project which addresses lots of issues in the today power industry. Also, this is a project with having high potential of success due to cornerstone investor’s investments. On the other hand, these investments will develop the trust among the community toward this project. It enhances the value of Eloncity project underscoring that this is the best platform to investors to invest their money for a big profit.

So I welcome you all, to visit the following links to get more information about the project and I have 100% confidence that this will be a very good project to make your investment to gain a considerable amount of gain for the investment.