>Electrify has been in business sucessfully since March 2017 and is the first energy marketplace in Singapore and South East asia. >Already working product that produced $5 million since being in business >Singapore liberalized their energy market in 2001 but it could only be purchased commericially new regulations in 2018 will allow domestic purchases >Marketplace will feature commericial retail contracts, p2p energy, and conventional energy providers. >p2p energy trading on enabled on the national grid >Proof of conecept being done with "one of the largest power companies in Singapore" >Working with regulators in Singapore to be part of the development sandbox when regulations are changed to allow any retailers later this year >Running on plasma >Singapore currently has 27 retailers producing 49 TWH worth $5.42 billion - pre regulation change
This is where it gets really interesting.
medium.com/electrifyasia/befriending-goliath-599a2363a413 >TEPCO partnership. Tokyo Electric Power Company, Japan's largest electric utility holding company servicing kanto region (tokyo). They are the 4th largest energy company in the world. This is not some ven-tier "partnership", it's the real deal. Read the medium post + look at linkedin.com/in/jeffreychar1/ Listed advisor of Elec is director of corporate venture capital at TEPCO. >Japan fully liberalized their market in 2016 and now has more than 400 retailers producing 934 TWH worth $103.31 billion >Electrify.asia expanding to Japan Q4 (whitepaper roadmap)
>Omisego founder/CEO JUN HASEGAWA listed advisor. Will hold AMA on electrify's reddit page on the 27th april. >News and new partners expected in May, biggest exchange it's on right now is kucoin.
Huge market, huge connections, working product, tiny marketcap (30m). What more do you want?
>What more do you want? more sub 10cent ELEC. stop shilling
Kevin Morris
You're making us look like pajeets. We don't need to shill this it will grow on it's own. Biz doesn't deserve shit from us
Joseph Adams
I only post plain as day facts
Levi Wood
I will be the 1st to say Jow Forums and esp. Jow Forumsnignogs doesn't deserve it
Gavin Nguyen
Im feeling cz will pick this soon, volume potential is Big.
Alexander Rogers
FPBP
Michael Thompson
So...what exactly does it do?
Julian Robinson
Stop shilling ELEC, not yet
Benjamin Clark
Amazing
Joseph Davis
makes you rich
Christopher Martin
makes people that didn't research what it will do salty af for being too lazy by EOY
Sebastian Hernandez
how does the token work?
Ryder Thomas
But it doesnt do anything.
Ryder Thomas
The ecosystem is built for the benefit of the public and should be owned by the community through ownership of ELEC tokens. The rules set in the ELECTRIFY ecosystem below are designed to promote these objectives:
• Electricity retailers and distributed energy producers (Energy Providers) will be required to stake their ELEC token as deposit to participate and offer their energy onto the marketplace. This helps to promote ownership of the ecosystem and disincentives fraudulent activities.
• Transaction fees will be paid by Energy Providers in the ELEC token for the usage of Electrify’s smart contract platform.
• Consumers will receive loyalty rewards based on the ELEC token via a tiered model, corresponding to their duration of usage of the platform and the amount of ELEC tokens they own.
P2P marketplace will allow consumers and businesses to purchase electricity directly from independent producers and retailers, cutting out the middlemen. Thus, the cost of electricity is reduced.
how/use of blockchain >Using the blockchain, the existing business model will be enhanced by eliminating middleman fees, reducing transaction cost, and automating electricity contract execution >In this ehanced marketplace, an ELECTRIFY eWallet will be used with ELEC tokens as the currency. The ELEC token will be used in several ways, inluding reserve requirements for electricity producers, fees for transacations, and loyalty rewards to customers.
for bonus fomo >Electrify is planning to conduct a joint marketing campaign this year with a few retailers. This will entail a combination of advertising on mass media online and offline as well as on trains and buses.
Daniel Cruz
How do consumers even choose their own energy providers as and when they like? It involves contractors and workmen coming down to your place, reworking your live wires etc. literally do not understand how this would even work. Can someone help?
ELEC... read the thread. AMB is fine but much higher marketcap, for supply chain/logistics coins i'd look at te-food, shipchain, devery for better returns than amb. block port also fine but just not as rock solid as elec.
Wyatt Allen
impressive... very nice
Jack Lewis
I own over 30K ELEC but it probably won't take off until its announced on a big exchange desu. The other two might be faster gains I'm not sure
Gabriel Sanchez
i don't know who the fuck made that but it wasn't me so yeah.Just some random shit on the internet
Juan Turner
ELEC, TOMO, JNT or CPC?
Nolan Richardson
the fucks tomo and cpc
Ryder Robinson
When will this hit $2. I'm poor
Nolan Torres
Yo OP can you delete your thread, the admin and the devs in the slack specifically asked not to do threads to create hype on reddit or Jow Forums in order to avoid bringing moonkids.
Thanks!
Zachary Garcia
>y-yes guys we're totally not a coordinated shill squad from a pnd group
Brody Parker
We are. Don't buy!
Dumbass
Jordan Nguyen
lmao this isnt a pnd group. i hold small bag of elec, like the project and have nothing to do with my morning so i just updated an older elec copypasta and posted it. trying to help out anons with low cap gems
Michael Morgan
kek'd, user are you brain damaged? no seriously, are you always this fucking dense?
Jayden Long
I just filled my bags. got a few hundred k. This is going to be big.
Nathan Martinez
few hundreds HAHAHAHAHAHAHAHAHAH
Julian Walker
I got a few btc worth. I hope binance adds them in the coming months. Although I am sure they will in the not too distant future. They have a good hand for quality chink coins.
Brody Jones
few hundred k. as in about ~450 000
Daniel Martin
he doesnt have a million and more HAHAHAHAHAHAHAHA
Connor Barnes
This coin will be 5 dollars at some Point this year, feeling comfy
Isaiah Richardson
>Dumping $100K into a token that was put on CMC a month ago
Noah Gutierrez
20% of my portfolio is a lot on an investment like this imo. no need to get more right now.
Angel Taylor
>P2P marketplace The token is only beneficial if you are using the marketplace, this is stated in the whitepaper. For investors the token is pointless to hold as there are no dividends, no masternodes, no staking so the token only has partnerships going for it.
