• GENERAL QUESTIONS
  • PRIVATE CONTRIBUTION
  • PUBLIC CONTRIBUTION
GENERAL QUESTIONS
GENERAL QUESTIONS
What is Eloncity?

Eloncity is a model for the planning, constructing and operating community-based renewable microgrid, which means:

➢ Community-centric - the community members coordinate with each other to exchange energy and share energy equipment costs-benefits (e.g., solar PV, battery energy storage system (BESS), energy management system, and others) to access more reliable and cost-effective local energy supply, to maximize the utilization rates of the installed equipment for accelerated return-of-investment (ROI) and other benefits. The community-based approach uses the collective resources of the entire community to implement a project which might be too costly to be done on an individual basis or must rely on funding from a sponsor’s whose interests may not completely aligned with what deem important to the community.

➢ Renewable-based – use locally available renewable resources, such as solar or wind power, to produce electricity locally to fulfill the community energy needs.

➢ Microgrid – means that community energy system is designed to be capable of operating in island-mode AND grid-connect mode. Island-mode means that the community can operate on its own which the community energy needs are fulfilled by the energy produced locally in the community. The island-mode keep the community safe and operational during disaster or emergency events when the energy services from the main grid are disrupted. The grid-connect mode means that the community energy system is connected to the main-grid allowing the community to import energy from the main-grid to supplement the community-produced energy. In the connected mode, the community energy system can provide energy services to the main-grid when the main-grid is failing or does not sufficient localized energy supply to support the main-grid operation reliably. The grid-connect mode is important because it allows the community to leverage resources from the main-grid because it offers the opportunity for the community to generate revenue when the community provides energy services to the main-grid while allowing the community to import energy from the main-grid when it makes senses financially.

Eloncity model integrates advanced technologies, best practices and lessons learned to create a scalable and replicable design for unleashing the potential of the community-based renewable microgrid to attain an energy future safe, secure, healthy, sustainable and equitable, and more vibrant regenerative energy future. The Eloncity model builds upon four key pillars:

1. Decentralized renewable energy technology architecture, which comprises

● Blockchain technology platform that provides an open secured and distributed ledger for efficient recording of energy transactions and the sources of electricity generation in the community, renewable or fossil-fuel;

● Crypto utility token (Eloncity Token or ECT) facilitates local energy exchange and incentivize investment in the battery energy storage system (BESS) for storing newly harvested renewable energy, as well as creating an open global marketplace that enables communities around the world to access advanced renewable energy products and services;

● Intelligent networked BESS harmonizes local electricity supply-demand and flattens intermittent renewable generations into predictable, reliable and dispatchable renewable resources;

● Customer-sited and community-based renewable energy generators, coupled with intelligent networked BESS, in-front-the-meter BESS and behind-the-meter BESS, fulfill all or nearly all the local energy demands;

● Community DC switching power network(s) eliminates the congestion on the last-mile networks and allow energy to flow from any party (or parties) to any other parties. The costly AC power ancillary services are no longer needed while the shared BESS makes 24x7 renewable energy reliable and cost-effective, and

● DC appliances enable the community to use the renewable powers more efficiently by mitigating losses from repeated AC-DC-AC conversions.

2. Community development ensures the successful planning and implementing of the Eloncity model at five fundamental levels; (a) community adoption; (b) social application; (c) quantifiable salient impacts; (d) localized roadmap for step-by-step deployment and continued growths; (e) leverage lessons learned to hone processes for accelerated wide-scale replication of the Eloncity model.

3. Combined performance-based projects with revolving loans create an effective strategy for mobilizing the private market capitals for wide-scale deployment of the Eloncity model.

4. Collaborative and equitable regulatory framework facilitates leveled-field markets to mitigate imbalanced market powers to unleash market innovations, protect the energy consumers, and support local economies.

What is the vision of Eloncity?
AI Grid Foundation (Foundation), a non-profit organization based in Singapore and an advocate for employing decentralized renewable energy as possible pathway to address our energy challenges. We see an attainable energy future that is safer, cleaner, more profitable, more accessible to all. We believe the shared and consensus-based blockchain technology is vital for building the collaborative decentralized renewable energy future. We recognize that crypto utility token is an effective and efficient catalyst to create open, leveled and unified renewable energy marketplace for linking energy consumers with product and service providers around the world. We collaborate with global technology and financial partners, local governments and public agencies, communities, and advocacy groups, non-profit organization and other stakeholders to build a collective pathway to that future.
What are the advantages of the Eloncity model?

Open and Secured Energy Transaction - The ECTP or blockchain platform provides an open, secured and distributed ledger for efficient recording of the transaction of energy services in the community in verifiable and immutable manner. The blockchain platform also enables Eloncity to establish an auditable record for tracking the sources of electricity generation in the community, whether it be renewable or fossil-fuel. The auditable tracking of electricity generation sources is critical for valuation of electricity based on generation sources and monitor the community’s progress toward the renewable GHG-free future. This feature facilitates a shared resource economy to maximize asset utilization rates and cost-effective access to decentralized renewable energy.

Unified and Efficient Energy Marketplace - Eloncity Token facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions. Similarly, renewable product and service providers benefit from a more open market.

Greater Reliability – The Eloncity provides greater energy service reliability through the decentralized energy architecture’s inherent design ability to anticipate, absorb, adapt to and rapidly recover from potentially disruptive events. The Eloncity design includes arrays or windmills locally, and intelligent networked BESS acting as an energy arbitrage for maintaining local electric service stability, flexibility and resilient energy supply during grid service disruptions and emergency events. The BESS, either behind-the-meter and front-of-the-meter, will power the entire community for the desired duration to ride through an emergency event, through the PV non-production periods, until the sun or wind becomes available again to energize the local renewable generators to recharge the BESS. Both technologically, BESS is a direct response to address the mismatch of electricity supply and demand at every level of the grid network and overcome risks of single point vulnerabilities inherent in the centralized grid architecture.

Lower Costs – The Eloncity model is designed to lower Eloncity community energy expenditures over the project’s useful life. The energy expenditure savings are achieved by the combination of (a) Local DC grid network within each community, large appliances powered by DC electricity, together with targeted energy efficiency retrofits to lower overall energy losses and consumption, (b) Generate renewable energy locally to offset all or most of local electricity demands, (c) Flatten peak energy demands to minimize costly demand capacity charges, (d) Purchase centralized grid energy only during the period of lower cost (i.e., off-peak in constrained areas or excessive-generation in areas with utility-scale renewables), and (e) Provide ancillary services to the centralized grid to generate revenues. Economic savings is a fundamental feature of the Eloncity model, especially in addressing the mounting challenges with high energy cost which disproportionately burden the underserved communities.

Increased Safety – The Eloncity’s renewable generation and BESS reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, gas poisoning, and are quite likely available for only the limited amount of time while gas/diesel is available. Eloncity will power the public safety facilities indefinitely in standalone mode with inexhaustible local renewable resources. The model proposes a direct response to address the unacceptable risks to public health and safety posed by the fossil fuel-based energy resources.

Societal Benefits – Community-based renewable microgrid (CRM), based on the Eloncity Model, supplies daily non-GHG energy to power the community. The CRM provides energy security and community safety during the disaster and emergency events, as well as ongoing energy bill savings that allow the community to focus its budgets toward critical social programs. Additionally, CRM projects include targeted building energy efficiency retrofits that not only produce energy and financial savings but also make existing community facilities more comfortable and productive with the installation of more energy efficient equipment and building retro-commissioning. This mission is driven by how the Eloncity model is structured to unlock more than quantitative benefits through a decentralized energy system. The vision of Eloncity is also grounded in an energy future that is more equitable and poised for universal replication because of its intended qualitative and societal benefits. Beyond the metrics of a more efficient energy system, the decentralized energy system of the Eloncity model is designed specifically to advance the environmental, social and cultural values of its stakeholders.

GHG Emissions Reduction – Eloncity will achieve significant GHG emission mitigation by (a) reducing GHG emission through targeted building energy efficiency to lower energy consumption, (b) replacing fossil fuel-based and nuclear-powered electricity generation with renewable electricity generation and (c) limiting the needs to operate fossil fuel-based peaker plants through flatten peak demands with load-shifting with combinations of energy storage and customer energy demand management. This feature addresses the concern for public health and environmental equity, especially for disadvantaged communities.

Adaptation – Eloncity’s decentralized energy system provides the community with increasing energy security and resilience for adapting to any potential climate-induced, other natural or human-made disasters. The Eloncity’s decentralized and redundant local renewable generations with intelligent networked BESS will continuously power the community during emergency events when the centralized grid services are disrupted. The ability to safeguard the community and resilient energy infrastructure remains a dire need that is the embedded in the DNA of the Eloncity Model.

Low-emission Vehicles/ Transportation – The Eloncity power system and blockchain architectures include an advanced energy management system, local renewable power generation, an intelligent networked BESS, electric vehicle (EV) to grid connection, and roaming EV charging to support the electrification of transportation. With the communal value-added benefits that EV and V2G technologies, the Eloncity model advances public safety, health, and lower transportation cost.

Economic Development – Eloncity will produce energy locally for consumption. Significant energy expenditures will be retained locally to support the local economy. Eloncity projects will directly support local clean energy employment that will provide human resources to support the Eloncity project planning, design, build and operation. Moreover, Eloncity pushes the technological and business model advancement to create a new generation of Adaptive Community Renewable Microgrid to provide energy security and safety to communities in disaster-prone areas. The Eloncity pilot project will provide appraisal data, a holistic framework, pragmatic tools, standardized approaches, and defined methodologies for replicating the Eloncity model in targeted areas. Thus, Eloncity provides not only energy security and community safety, but it also holds significant potential for economic development through the Eloncity model; a model where local communities are empowered to expand the local capacity and workforce.

Environmental Benefits and Public Health – As discussed in the above paragraphs on “Increasing Safety” and “GHG Emission Reduction”, Eloncity will maximize the synergies of targeted energy efficiency retrofits, decentralized renewable generation, energy storage and other behind-the-meter resources to lessen the reliance on dirty fossil fuel-based or nuclear powered electricity, reduce or eliminate risks from the dependence on fossil fuel-based backup generators that are often not available in a disaster, have high safety risks of fire, explosions, and gas poisoning

Why do you have to use DC network?
A: DC network is much easier to connect. There is no frequency to follow or phase to synchronize. As long as the voltage is similar, it is very easy to tape into DC network.
When will your product/platform available?

Eloncity implementation roadmap delineates into three primary phases.

Phase 1: Q4’2014 to Q2’2018 - The Foundation has been collaborating with a coalition of global partners to develop key building block technologies for the Eloncity model.

Phase 2: 18 to 24 months from Q3’2018 - The Foundation will collaborate with various authorities, organizations, companies, and community members to demonstratively scale the Eloncity model in communities within North America, Latin America, and Asia by using blockchain technology.

Phase 3: From Q4’2022 - The Foundation will focus on mass market transformation to proliferate the Eloncity model to all targeted markets globally.

Is Eloncity an open source platform?
Eloncity platform comprises reference designs for the full suite of both hardware and software products necessary for deploying fully operational renewable microgrid. These reference designs are royalty-free. But they are not open source.
What is Eloncity Token (“ECT”), and why we need it?

Eloncity token is a utility token. ECT’s key functions:

➢ To facilitate local energy exchange;

➢ To incentivize investment in ECTP-compliant battery energy storage system (BESS) by rewarding BESS-operator/owner with ECT for storing newly harvested renewable energy in their ECTP-compliant BESS;

➢ To create an open global marketplace that enables communities around the world to access advanced renewable energy products and services with ECT.

We need ECT because ECT facilitates an open market that enables communities around the world to exchange energy and shared-resources locally and also to access the unified network of global renewable energy products and solutions. Similarly, renewable product and service providers benefit from a more open market.

Can I mine ECT?
No, all the ECT tokens are pre-minted. There is a “mining” mechanism to award ECT tokens to customers who store renewable energy using ECTP-compliant BESS. The “mining” functions are written as long-running smart business contracts on an enhanced Ethereum blockchain technology platform to support high-volume high-speed transactions.
What is the total number of ECT?
The total number of ECT is 1,000,000,000.
What is the total number of ECT available for private contribution and public contribution?
The total number of tokens for contribution is 320,000,000 ECT.
Is ECT a security token or a utility token?
ECT is a utility token.
Do you have a bounty campaign/program? If yes, how can I participate in it?
Yes. You may participate in our bounty campaign through the link on the homepage of our website at eloncity.io.
When can I exchange ECT?
We are working to list the tokens on two or more exchanges, and we will publish the news on social media after any listing date is fixed.
PRIVATE CONTRIBUTION
Do you have restrictions on who can participate?
Yes, we do not accept participants from the United States, the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), New Zealand, and participants who are citizens or residents of, or located in, a geographic area that is subject to sanctions of the United States, and participants who are subject to the sanctions imposed by the United Nations and/or the United States.
Do I have to do registration and/or know your client (“KYC”) for the private contribution?
Yes. Both registration and KYC are obligatory.
What is the step-by-step process of participating in the private contribution?

To participate in the private contribution, you will need to follow the below steps.

1. Click the button “Private Contribution Registration” on Eloncity’s official website to open our registration Google form;

2. Fill in and submit the Google form;

3. Wait for Eloncity’s review and approval;

4. Only approved and selected candidates will receive our email notification through contact@eloncity.io. You will need to complete the KYC process on www.tokeneed.com

5. Once your KYC gets approved, you will receive a participation instruction via email;

6. You will need to sign a private contribution agreement with the Foundation and complete your contribution pursuant to the terms of the private contribution agreement.

* Please be cautious about scams! Some scammers will use a forged email. Make sure to double check your email sources or headers before you click “reply.”

What do I need to provide for KYC?

You will need to provide the following information and documents:

1. Name

2. Nationality

3. Email

4. Address

5. A scanned copy of the photo page of your passport, or government issued photo ID (front & back);

6. A selfie photo with your ID.

We may ask for additional information in certain cases.

May I modify my KYC information after submission?
Yes, you may send your updated information to contact@eloncity.io.
What cryptocurrencies are accepted for the private contribution?
Ethereum (ETH) and Bitcoin(BTC). Please note that we do not accept fiat currencies (e.g., US Dollars).
Can I contribute directly from a cryptocurrency exchange wallet?
NO. Please DO NOT send ETH from an exchange wallet, and please use an ERC-20 compatible wallet to send the ETH to the contribution address we provide.
What type of wallet shall I provide to receive the tokens?
Any wallets that support ERC-20 tokens should be fine.
May I use a cryptocurrency exchange address as the ETH address to receive my tokens?
NO. Please DO NOT use any cryptocurrency exchange address (such as Coinbase, Binance, Huobi, OKEx, etc.) as the ETH address to receive your tokens, in which case there is a chance that you may lose your tokens. If this happens, we are not responsible for your loss.
Does Eloncity have a vesting period for the tokens distributed in private sale? If so, how long is the vesting period?
Yes,vesting period: 10% token released per month, 10 times, total 9 months. The tokens will be available for release on the same date as the release of public sale tokens.
When will I receive the first 10% of my ECT Tokens?
We will distribute the first 10% of your ECT tokens within six weeks after the completion of the public contribution.
PUBLIC CONTRIBUTION
Do you have restrictions on who can participate?
Yes, we do not accept participants from the United States, the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), New Zealand, and participants who are citizens or residents of, or located in, a geographic area that is subject to sanctions of the United States, and participants who are subject to the sanctions imposed by the United Nations and/or the United States.
Where can I participate in the public contribution?
You may participate in the public contribution on our partner Tokenneed’s website www.tokeneed.com.
What is the step-by-step process of participating in the public contribution?

Register an account on Tokeneed.com;

Submit your KYC documents for approval;

Once approved. You may deposit accepted cryptocurrencies into the wallet of Tokeneed;

Participate in the public contribution.

Do I have to do registration and/or know your client (“KYC”) for the public contribution? If yes, where can I do the registration and KYC?
Yes. To participate in the public contribution, you will need to register with Tokeneed, and the KYC information shall be provided to Tokeneed.
What do I need to provide for KYC?

You will need to provide the following information and documents:

1. Name

2. Nationality

3. Email

4. Address

5. A scanned copy of the photo page of your passport, or government issued photo ID (front & back)

6. A selfie photo with your ID

We may ask for additional information in certain cases.

How long does the verification of KYC information take?
The verification on Tokeneed.com normally takes around five business days (in certain cases, this process may take longer). Once approved, you will be notified by email of your eligibility to participate in the available project(s) on Tokeneed (e.g., Eloncity project).
Can I modify my KYC information after submission?
Yes. If you would like to modify your KYC information, you would need to send your request via email to support@tokeneed.com.
What cryptocurrencies are accepted for the public contribution?
We accept ETH for the public contribution. We do not accept fiat currencies (e.g., US Dollars).
Is there a minimum and/or a maximum number of tokens I can contribute?
Yes, the minimum contribution is 0.1 ETH, and the maximum is 3 ETH.
Can I contribute directly from a cryptocurrency exchange wallet?
NO. Please DO NOT send your contribution from an exchange wallet, and please use an ERC-20 compatible wallet.
How will I receive my ECT tokens?
Your ECT tokens will be sent to your wallet on Tokeneed. You may withdraw them to your address, and please make sure that the address you provide is an address of an ERC-20 compatible wallet.
What type of wallet shall I provide to receive the tokens withdrawn from Tokeneed?
Any wallets that support ERC-20 tokens should be fine. Please do not provide a cryptocurrency exchange address.
Can I use a cryptocurrency exchange address as the ETH address to receive the tokens withdrawn from Tokeneed?
NO. Please DO NOT use any cryptocurrency exchange address (such as Coinbase, Binance, Huobi, OKEx, etc.) as the ETH address to receive your tokens, in which case there is a chance you may lose your tokens. If this happens, neither Tokeneed nor we will be held responsible for your loss.
How can I withdraw the ETH if I fail to participate in the public contribution?
The ETH tokens will still be stored in your wallet of Tokeneed. You may choose to participate in an upcoming project on Tokeneed or withdraw them to your address of an ERC-20 compatible wallet (NOT cryptocurrency exchange address).
When will I receive my ECT Tokens?
We will distribute the ECT tokens within six weeks after the completion of the public contribution.

For more help, please feel free to reach out to us at:

Telegram: https://t.me/Eloncity

Facebook: https://www.facebook.com/eloncity

Twitter: https://twitter.com/Eloncity_io

Email: contact@eloncity.io

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