Project ELONCITY: The use of ECT in the future and it's features



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Overview



I recently released an article on the cornerstone investments which project Eloncity received and from this article, I basically speak about The use of ECT in the future and its features. So all of us know that how significant the word " " Power "or " Electrical Energy " to all of us. For each and every activity we do, most of the devices or instrument we use in our works totally depends on electricity. No electricity will give you a feeling as you are in the stone age. As we know the today AC (alternative current ) is based on centralized power systems which have a considerable amount of disadvantages and problems. And for decades we didn't see any update of growing in these centralized AC power systems. So with the project Eloncity and the token ECT, this concept has a very good and promising future. Project Eloncity addressing a key problem then power industry and project will be 100% successful and we can imagine that the coin ECT will also get a golden time in the future. With this good concept, it's very sure that we can overcome a lot of disadvantages in current systems and the use of ECT token will be high and at the same time, the trading volume will be very high in the future. So let's consider the future benefits of ECT token or project Eloncity and analyze how the ECT token will behave in the future. And at the same time from this article, I'm going to discuss some of the features of the ECT token. So let's get to the point.
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What is ECT Token?

We all know that ECT coin or the ECT token is the working blood in this Eloncity platform. This ECT token is a very useful token which is specially designed to continue the process the exchange of power/energy in the platform or this ecosystem. So ECT token will work inside the platform itself.

We can basically see two main functions in the Eloncity token:

Economical

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Each and every device or instrument work with ECTP must have sufficient/appropriate ECT token which is equal to the amount of its electricity, that means the energy consuming to take part in this exchange process. This makes the cost of electricity support the store of values.

Exchangeable

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For energy metabolism, we can use this Eloncity platform or by networking this ECT. When considering Energy the basic controlling is controlling demand for electricity and supply for electricity. So here ECT token can regulate this by short-term price fluctuations. So the consumers can earn by giving the excess energy they generated from their decentralized power plants (solar and wind ) to the network. So that means at the same time the excess energy generated by the consumer will be used by another consumer connected to the Eldon city network. And the community members can use this ECT tokens to connect with the local power mesh and the products which are okay with ECTP. So this is a very significant feature of ECT token.

Important Features of ECT token

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There are lot of significatant features of ECT toekn. One of the main important facts is the environment for energy exchange or power exchange in the community the capability to store the renewable energy. And we an forget the valuable acting of the ECT in the Unified exchange, that means for the linking customers or users in this community with energy solutions. And the members of this community can use their generated or earned ECT to get the renewable energy products, there are different choices and several service options. In simple words, the ECT token runs the process of connecting different solution providers to the community members which are networked in the Eloncity platform. And this will create a mono renewable energy marketplace that is open and reachable for any location in the world. So this is a very significant phenomenon. There are no political, economic boundaries. Token ECT is used in several important functions, actually ECT token is the medium of energy exchange within this Eloncity platform or community. So this will increase the value of ECT token very high with time.

The use of ECT in the future

ECT token will be a key crypto support token in the future and as this token is fully active in the eloncity platform in differnt ways, it will be a highly active token in the future market with a very high demand. So when considering the features of project Eloncity, this token will be a day to day used token by people. As the community itself generating power and they got paid through this ECT token, so this coin will be highly used token in the future power industry. ECT token active on an open marketplace, where people from all around the world are enabled to join the transactions in this community. So this will help for the better development of ECT token.

Why are we paying more for transmission & distribution charges than for electricity itself? An event discussing the future of the evolving electricity industry???


Our electricity bills include the cost of energy, used primarily to cover the costs of managing power plants. In addition, we pay for the cost of maintaining transmission and distribution networks for the delivery of energy.
130 years ago, the AC-DC battle between Edison and Tesla ended because Tesla’s AC grid system more efficiently utilized centralized, large-scale power plants.
Today, the electricity and distribution network costs far exceed the costs of energy itself, and this begs the question, shouldn’t we re-examine the necessity of centralized power facilities?
In other words, if the money saved by scaling centralized power plants is not enough to cover the cost of power transmission and distribution in areas with sufficient sunshine or wind resources, shouldn’t we supplement the current energy infrastructure with distributed energy resources, or even replace the conventional centralized infrastructure with distributed energy networks?
Graph 1 is a standard electricity bill in southern California in January. The grid’s transmission and distribution costs constitute 71% of the total electricity bill.
Even if the electricity production costs of distributed energy resources (renewable energy) were three times that of a centralized power plant, distributed generation (DG) would still be more cost effective for end-consumers than centralized power facilities. Moreover, in recent years, the cost of purchasing distributed energy resources has dropped drastically. The economic scale benefits of centralized power plants are far less then a three times decrease in electricity production costs, and the 24-hour clean electricity produced by residents using distributed generation energy can be utilized locally without the need to pay for the distribution and distribution charges. Cleaner, cheaper, and safer, it seems like distributed generation energy is a no brainer.
The picture below shows a real electricity bill in July in the same area. Although the summer climate is hot and the air conditioner is used frequently, the proportion of energy in the bill is greatly increased, but the transmission and distribution network costs are still as high as 63% of the electricity bill. In contrast, distributed power facilities have no network costs, and photovoltaic power generation is the main source of power for distributed energy resources, which coincides with the time people use air-conditioning. Therefore, the advantages of distributed energy resources in summer will be more fully reflected.
According to the report submitted to the California Public Utilities Commission’s on May 21, 2018 by Southern California Edison Power Company, second largest investor owned utilities (IOU) in California, the ordinary residential rate Schedule D [1] that took effect on June 1 2018 has mde the delivery charges higher than that of power generation. Therefore, it is a fact that the transmission and distribution expenses account for more than 50% of the total electricity bills. To make matters worse, for the customers with higher power consumption, the transmission and distribution costs are more than three times the cost of power generation, which explains why the transmission and distribution costs will be as high as 71% of the electricity bill. This phenomenon of higher delivery cost does not occur only in California, but similar cases are found all around the world. We hope that more users can carefully analyze their electricity bills, even if the electricity service is monopolized. We, as consumers, must all understand why we are paying more for the electricity, how the new rate plans affect our lives, how to reduce the peak electricity consumption or reduce the overall electricity consumption, whether or not producing our own electricity will have the cost advantages, reliability, safety and security?
We hope that everyone can understand this issue better, change our way to use electricity, and actively seek alternative energy sources, not only help mitigate the issue of global warming, but also reduce our living costs and improve the quality of life.

Conclusion

Project Eloncity is based on a very modern and timely concept to the world. It is very reliable and very practical for the power and energy industry. This project address almost all the issues in the issues, disadvantages in current centrelized AC power systems. And at the same time when looking at the enthusiasm of the investors, we can see that financially it will be a very successful project too. So I welcome you all to visit the following links to get more information about the project and I'm 100% that this is a very good project to make your investment to gain a considerable amount of gain for the investment.So we can clearly see that this project has a very promising future. As the blood of this system, ECT token will gain a significant status in the crypto world in near future. So the future of worlds power sector will be very bright with the project eloncity.

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