Rating: ELONCITY | Rank: BBB | Risk Classification: Notable

 | Eloncity Project Rating Overview

Project Name:Eloncity

Gyro Rating:BBB

(Blockchain+) Compatibility:Medium+


Potential Index:Medium+

Founding Date:June 2018

Registration Address:Singapore

 | Project Introduction and Positioning

Project basic information and introduction

Eloncity uses blockchain to record transactions in the community and establish an auditable record for tracking the sources of electricity generation in the community. A crypto utility token (Eloncity Token, ECT) facilitates local energy exchange and incentivizes investment in battery energy storage systems (BESS) for storing harvested renewable energy on the customer’s property. The Eloncity Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loans, which will help initiate the Eloncity project in communities lacking necessary funds.

Whitepaper Information


The project information is relatively complete.

Project Vision

Power the world for Free (Free from pollution, exploitation, manipulation, involuntary billing, etc. )

Project Necessity

In general, Eloncity, as a blockchain energy project can be seen as a high-efficiency energy storage system, providing flexible energy storage, transmission, and distribution for the community through the intelligent network deployment. We can see it with relatively high necessity and has certain value when comes in application. It can realize mutual help supply in the community network, and conduct intelligent transaction  to balance supply and demand.

 | Market Analysis

According to the ‘2018 Global Renewable Energy Investment ’ report, the recent decline in solar power and wind energy costs has continued to promote the development of renewable energy. Specifically, the total global renewable energy investment in 2017 has increased by 15.8% to US$279.8 billion compared with the previous year (excluding large hydropower). Another report(2018 Global Renewable Power Report)  from REN21 said that the renewable energy has taken for 70% of the global  increase in electricity in 2017, which can indicate renewable energy is gradually becoming an increasingly important part of the global trillion dollar market.

Global Renewable Power Capacoity (data source: REN21)

The International Renewable Energy Agency (IRENA) has expected the cost of new energy would be generally lower than fossil energy in 10 years. According to the statistics from IRENA, half of the world’s new power generation in 2017 comes from renewable sources, and renewable energy has taken for a quarter of the world’s total electricity generation. McKinsey also mentioned in their report that renewable energy would become the main energy source for rapid growth in the next 20 years worldwide .

In March 2018, China promulgated the ‘Renewable Energy Power Quota and Assessment Method (Consultation Paper)’, which stipulates the proportion of hydropower and non-water renewable energy power consumption in provincial-level administrative regions. The indicators are further allocated to market entities that undertake quota obligations, including grid companies, distribution companies, and large end users participating. In the long term, setting  quotas for renewable energy power may help promote renewable energy trading between provinces. As for now, most of the provinces with the largest increase in quotas are located in East China. For example, the wind power and solar power generation in Hunan Province accounted for 2.9% in 2016. According to the 2018 quota index, the hydropower and renewable energy generation needs for Hunan province would take 9%, and grow to 19% in 2020.

2020 renewable power indicator targets, by province (excluding hydro)data sourceNational Energy Administration2018


In the early days of 2018, traditional energy giant BP has announced cooperation with Tesla to build the first wind power storage system in the United States. As BP’s latest move to expand its renewable energy business, the company plans to invest $500 million annually in low-carbon technology. The British-Dutch oil and gas company Shell also announced that their capital expenditures in new energy industry will reach $1 billion to $2 billion annually in the next three years. At the same time, many international oil and gas giants such as Exxon Mobil, Total S.A., and Saudi Aramco have all announced their intention to the new energy industry which accelerated the development of the renewable energy market.

As a blockchain energy project, Eloncity may has three main advantages over traditional energy giants:

  1. Distributed energy trading and supply system
  2. Smart contracts using blockchain technology in the energy industry
  3. Safe records for all energy flows

Projects such as Energo, NAD Grid, Powerledger, and WePower have been focusing on the  blockchain energy industry.


Compared to other blockchain energy projects, Eloncity has a more complete architecture that clearly illustrates how energy flows. In addition, with four years experience of power industry research and development, and more than 10 years of experience in power regulations, Eloncity has more understanding in the industry, which could reduce the relevant costs. And the team has innovative DC switching network technology, including cooperation with the world’s largest battery manufacturers and air conditioner manufacturers GREE, which could be a good advantage.

 | Team and Adviser Analysis

We found from Eloncity’s website that it currently has 9 core members, with more than 30 engineers from the Pomcube team to provide technical support. From the information on the website and the whitepaper, the technical member has taken a big part in the core, but also almost every tech member has the background which related to energy industry. However, there are no specific technical staff from the blockchain industry. It is reported that currently Eloncity is now built on the side chain of Cybermiles.

Another thing needs to be mentioned is that the founder Andy Li has extensive work experience in the energy field, especially in the in-depth study of high-efficiency energy storage systems. In addition, all the hardware and software developers in the team have more than 6 years of relevant experience. The Eloncity advisory team consists of 10 members, including officials from government agencies, chief architect of the internet giant data center, senior communications from technology committee, and founders of well-known blockchain projects, which indicates the advisor board is outstanding in terms of industry background and blockchain technology.

Core Team

Andy Li (Li Jianyu)  Founder

Andy previously led ChinaCache to build a content distribution network (CDN) internet infrastructure, CDN is analogous to the networks of decentralized energy resources on the energy infrastructure. Andy also led Alibaba Cloud Computing Data Center Architecture team to pioneer the application of direct current (DC) power system for mega data centers in Asia. In addition, Andy dominates Cisco’s network traffic engineering technology. Since 2014, Andy has been leading POMCube Inc. to develop Intelligent Network Battery Energy Storage Systems (“BESS”).


Michael Nguyen , VP of Program Development

Mike’s 30-year career spans across multiple industries; from non-profits, advanced energy programs and policy to IT research and development, to international manufacturing operation and markets development. Mike holds 17 patents and four industry awards for technology innovation. Over the last seven years, Mike’s work focused on California’s ambitious energy programs and policies. His work focused on working with ratepayers and environmental advocacy groups, utilities, technology companies, research institutions and federal agencies to develop performance-based and customer-driven energy programs. He has worked with key stakeholders including California Energy Commission and Public Utility Commission.

Gregary Liu

North American Marketing Director

Gregary has 11+ years experience in server system solution architecture and product development. He served as Lead OCP/OCS/OPEN19 design requirements for Mega-Datacenter. He holds an MBA in Management of Technology, National Chiao Tung University; B.S. in Physics, National Taiwan University.

Dunping Yao , Marketing Director, Americas

Dunping has more than 6 years of experience in BMS hardware design. He worked as a research assistant for VRB charging technology at the Institute of Nuclear and New Energy Technology (INET) of Tsinghua University. He holds a master degree in testing technology and automation equipment from South China University of Technology.


Justin Wang , Product Manager

Lead Architect for iCAN, NetZero, Architect, Modular Data Center, Smart3Technology Sr. ME, Emerson Network Power, Xian, China.



Allen Ding, Eloncity Project Manage

Allen has 9 years of experience in electronic design. He is an expert in magnetic device design and power topology. He holds a bachelor degree in Mechanical Engineering from Nanhua University.



Peng Xu, Software Engineering Manager

Peng has more than 10 years of experience in software development, architecture design, and data analysis. He has participated in the development of NetZero software architecture, and has also helped develop the POMCube network service system and established and maintained the Foxconn e-commerce website.


Haichuan Jiang, System Verification Manager

10+ years technical experience in system testing and software testing programs.Success in managing Integrated Communication Exchange System verification projects.Lead team in Energy Storage System project based on the cloud platform (AWS).



Shu Wei , General Manager

Former General Manager of the Power Business Department of Beijing Century Internet Broadband Data Center Company, on behalf of Century Internet Organization, participated in the establishment of “Energy Internet Innovation Research Institute” by Tsinghua University. Century Internet served as the vice chairman unit and signed a strategic cooperation agreement with GCL Group in the new energy field, and undertook the Ministry of Science and Technology “AC and DC hybrid power grid demonstration project” with the China Southern Power Grid, Tsinghua University and other units. He used to be the head of the capacity building department of Huawei’s global public relations system and the deputy general manager of the ICP business of CHINA-ONLINE.

Advisory Team

Howard Choy, Los Angeles Local Government and Public Agency Officials

Howard Choy, Local Government, and Public Agencies Howard led the Office of Sustainability in Los Angeles County, managing and developing energy and environmental programs for both municipal operations and Los Angeles county. The office manages the county’s $200 million annual energy/utility budget for internal operations, energy efficiency programs, and power generation facilities.

Michael Yuan, Corporate and Mobile Software Specialist

Michael received a Ph.D. in astrophysics from the University of Texas at Austin. He is the author of five books on software development, published by Prentice Hall, Addison-Wesley, and O’Reilly. Michael was an active code committer in large open-source projects, such as Firefox, Fedora, JBoss, and others. He is an expert in enterprise and mobile software and a principal investigator on multiple research projects funded by the United States government.

Bryan Allen, 22 world air record owners

Beginning in 1987, Bryan began working at the Jet Propulsion Laboratory in Pasadena, California. He won three major aviation prizes and is the owner of 22 world aviation records, four that are still current. He is delighted that the home he shares with his wife has three plug-and-play solar panels, two iCANs, and a monthly electricity bill under $20.

Enso Li, Chief Architect, Tencent Data Center

Enso is the chief architect of the Tencent Data Center and has experience in 240V high-voltage direct current, data center methodology, modular data centers, rack servers, and lithium batteries. He has nearly twenty patents and has published more than twenty papers and books

Haifeng Qu, Vice Chairman, Communications and Information Technology Committee, China Engineering Construction Standardization Association

Haifeng is the Vice Chairman of the Communications and Information Technology Committee of the China Engineering Construction Standardization Association and participates in the formulation of China’s data center industry standards. He also has a long serving tenure in both IDC and ISP companies.

Robert Mao, Founder of ArcBlock

Robert Mao is the founder and CEO of ArcBlock, Inc. Mao’s projects and activities have been covered widely by global news media outlets, including TechCrunch, CNN, USA Today, and others. Mao was first introduced to Bitcoin in 2009 and has been researching and experimenting with blockchain technology since 2013. He has lectured on cryptocurrencies and blockchain technology at numerous global events.

Robert Fortunato

Robert designed the award-winning Green Idea House, one of the first affordable, zero net energy, zero carbon, case study houses built with standard construction materials and off-the-shelf technologies. He is a frequent guest lecturer at Pepperdine University’s MBA Program. Currently, he is working at the LA Cleantech Incubator, coaching startups, and developing strategies for their built environment space.

Chris Whalley

Chris is a mechanical engineer and call firefighter living in Topanga Canyon, California. His primary interest is in low impact living strategies. Chris is looking forward to eliminating his family’s carbon footprint by getting an electric dirt bike and someday converting his 4×4 for electric vehicle camping trips. He has been using the iCAN since October 2016 and sees residential energy storage as one of the most important technologies in making the electric lifestyle economical.

Kelvin Xu, Vice President Software, RiC Semiconductor

Kelvin is the vice president of software development at RiC Semiconductor and specializes in 3D facial recognition, and RF radar for autonomous driving. He has held senior software positions at multiple Fortune 500 companies, including Bell Canada, Nortel, Alcatel, and Fujitsu, as well as a number of startups. His expertise includes AI, blockchain, big data, IoT, network security, and wireless/optical communication. Mr. Xu holds multiple U.S. patents in wireless, IoT, and optics communication. Mr. Xu holds a Master of Science from McGill University and a Bachelor of Science from the University of Science and Technology of China in GeoPhysics.

Jasmine Zhang, NVIDIA Key Account Director

Jasmine is an account director at NVIDIA, where she manages three major accounts, comprising a market cap of $20-50B each, to facilitate the adoption and implementation of AI technologies by OEM partners in the product and service delivery sectors. Prior to her role at NVIDIA, Jasmine served as a managing consultant to IBM Global Services, where she drove the IBM smart grid global initiatives program in China. As a private consultant, she also advised the CEO of China’s State Power Group Co. on growth opportunities and strategic planning in the electronic vehicles market. Jasmine earned an MBA in strategy and marketing, as well as a Master of Science in global sustainable enterprises from the University of Michigan.


In general, the core team of Eloncity has excellent technical skills in the energy-related field, along with a strong team of consultants, but the team for blockchain still need to fill up.

 | Investor and Partnership Analysis


It is reported that currently Eloncity has investors including Krypital Group, OK Capital, Starwin Capital, Fenbushi Capital, LD Capital, Horman Capital, CollinStar Capital, Interblock Capital, JRR Crypto, QINGZHENG Capital, Qingying Capital, Decentrust Capital, Ceyuan Ventures, GVC Capital, Powerlink labs, etc.

Investors Introduction

Krypital Group——Founded in 2017 and headquartered in Dallas, USA, it is a blockchain industry consulting company that provides global clients with professional, comprehensive consulting and management services in the blockchain field. Current investment projects include: ArcBlock, Cybermiles, Egretia, Merculet, Quoinblock, among which there are some popular blockchain projects.

Starwin Capital——Founded in 2016 by Guo Yuhang (the founder of Dianrong.com) and Hongtai Fund. In September, Xinghe Hongyu completed the first phase of fundraising, with a scale of 100 million yuan. It is the first special investment fund established by financial technology entrepreneurs in China, mainly focus on angel round and A round project investment. Current investment projects include: High Performance Blockchain, Game Root, Odaily, etc.

LD Capital——Founded in 2018, it is a digital asset investment fund focused on the blockchain industry. LD Capital was founded by blockchain investor Yi Lihua.

Ceyuan Ventures——Founded in 2005, a Beijing-based venture capital firm focused on early investments. Investment projects include: 360, Thunder, Enjoy, OKEX, ArcBlock, etc.


Cybermiles——Cybermiles is a blockchain and smart contract platform developed by 5xlab. It’s a blockchain project that supports large-scale commercial applications, and a wide variety of business smart contracts can be developed. Currently Eloncity is built on the Cybermiles side chain, running the Eloncity energy trading and smart contract platform on the Cybermiles’s Plasma layer, and providing support for the Eloncity token mining mechanism.

ArcBlock——Arcblock is a service platform dedicated to the development and deployment of decentralized blockchain applications and an ecosystem of multi-participation. It aims to solve several ubiquitous problems in blockchain applications that hinder the popularization of blockchain technology in the public domain. It can help users connect existing systems and services with blockchain, enabling users to apply existing business data, users, business logic, etc. to new applications driven by blockchain. In the future, ECTP is supported on the open chain protocol in Arcblock.

Pomcube——Founded by Andy Li, POMCube develops home energy storage systems and an Internet-based massive home energy storage management platform. Its home energy storage system (rESS) is mainly composed of an inverter and a battery. The system charges and stores the battery when the electricity was in a low level, and the battery is discharged during the peak period to balance the household electricity load.

Panasonic——Panasonic is a multinational company in Japan. It has products in the fields of home appliances, digital audio-visual electronics, office products, aviation, etc. It is a world-famous international comprehensive electronic technology enterprise group.

Gree Electric Appliances Co., Ltd., established in 1991, is an international enterprise integrating R&D, production, sales and service. It owns three brands, Gree, TOSOT and Jinghong, mainly engaged in household air conditioners and central air conditioners, air energy water heaters, mobile phones, household appliances, refrigerators and other products. It has been listed on the Fortune magazine ‘Top 100 Companies in China’ for 9 years.


About the investors, we could see that some investors of Eloncity come from traditional capital, some are from the emerging capital which mostly focus in the blockchain industry. About the partners, by partnering with POMCube, Eloncity has a good performance in promoting the project cooperation.

 | Community Analysis

The Eloncity project was launched in June 2018. Currently, there is no token issued, so the information related to the token address cannot be analyzed temporarily.

Screenshot of the Eloncity Telegram Group


Currently Eloncity has 6 Chinese WeChat groups and 1 English telegram group, all operated by Krypital Group. There are 1571 followers in WeChat groups, 16,433 followers in telegram groups, and the total number of people in the community is 18,004 (not de-weighted). Based on our observation within a couple days, the followers in Eloncity’s WeChat group are not quite active, most information in the group come from the officials of Eloncity. The discussion in the telegram group is more active, and most of the content is related to Token sales information and project progress. It is reported that the team of Eloncity is currently expanding mostly at the markets besides China.

Screenshot of the Eloncity social medias


As can be seen from the public information, the mainstream social media channels that Eloncity has used are mainly Twitter, Facebook, Medium, Reddit and WeChat public account. At present, Eloncity official Twitter has a total of 20,900 fans, Facebook has 3777 followers, Reddit has 971 subscribers, and there are roughly 25,648 fans (not de-weighted).

For its Twitter, you can see that the Retweet and Like of Eloncity Tweet are generally above 200. Since Eloncity‘s official Twitter account was registered is in March 2018, the current weekly update frequency is about 7 articles/week, which was rather active.

 | Token Economic Model Analysis


Project Token Information

ELONCITY TOKEN (ECT) is a practical encrypted token designed to facilitate energy trading between microgrids (ECTP compatible microgrids).


Place of registration: Singapore

Total issuance: 1 billion (no additional issuance)

  • Token distribution ratio:
  • Token sales: 32%, a total of 320,000,000
  • Renewable energy mining: 32%,a total of 320,000,000
  • Team: 7.5%, a total of 75,000,000
  • Eloncity Lab: 14.5%, a total of 145,000,000
  • Marketing: 14%, a total of 140,000,000


Eloncity expects to issue a total of 1 billion ECT Tokens, and it will never increase the amount. The ECT allocation is mainly divided into five parts.

  • The Token for the sales portion accounts for 32%, and token from cornerstone part locked up for 9 months. 10% token released per month, 10 times, total 9 months
  • 32% for renewable energy mining and 14% for marketing
  • The team portion accounts for 7.5%, and this portion of the funds will be locked for 6 months after token sales’section finished, and then released on a quarterly basis for the next 8 quarters. Part of the team’s funds are mainly used for Eloncity community and business development, performance-based project financing and revolving loans, collaboration and fair regulatory framework.
  • Eloncity Labs accounted for 14.5% of the total, which will be locked for 12 months after token would be sold and then released on a quarterly basis for the next eight quarters.

It can be seen that the amount of ECT circulating supply at early stage would be relatively samll. With the gradual unlocking of the cornerstone Token and the output of the mining part Token, the market circulation will gradually increase.


According to relevant information, Eloncity is currently at the ECT Token sales stage (Chinese and US citizens are prohibited from participating), with softcap of $10 million and hardcap of $31.59 million. The conversion ratio of the ECT cornerstone is 1USD= 11.11 ECT, and the completed financing amount is 20.43 million US dollars. In addition, the public offering price is 1 USD = 8.33 ECT and the estimated sales is $8 million.

Token Circulation

According to the information published on Eloncity’s official website and white paper, ECT has two main purposes:

  • Exchange method – On the Eloncity network, ECT can be used for energy exchange. Supply and demand are adjusted based on ECT’s short-term energy price volatility. Consumers get ECT by providing them with excess electric energy. Community members use local electronic services and ECPT-compatible products by paying for ECT (e.g, POMCube, NetZero)
  • Storage Value – Each ECTP-compatible BESS device needs to retain an ECT equivalent to its storage capacity to participate in automated electricity trade, which makes ECT a value reserve behind the value of electricity, and the price of each ECT is traded within the ecosystem. The total amount and the trading speed of the ECT are determined.

From the perspective of the operational logic and function of ECT, ECT is mainly used in the ecosystem of projects, such as trading, exchange and storage, and has certain practical value and sustainability.

Project value-added logic analysis

Calculated from the pricing mechanism in the whitepaper, Eloncity expects the total value of electricity traded globally in 2040 may be close to 5.6 trillion US dollars. It is expected that the market capitalization of ECT will exceed 1 trillion US dollars, but concerning a series of factors such as currency inflation, the project itself gives the market capitalization of positioning itself in 2018 is about 560 million US dollars. Based on the situation of the global market scale of renewable energy in the trillion dollar scale, and the current market capitalization performance of Powerledger and WePower, the price of Eloncity Token was a little high , but the project has the potential to be more valuable as well.

 | Business Model & Technology Highlights

Project Technology Highlights

Distributed Energy Architecture (EDEA)

Eloncity Decentralized Energy Architecture (EDEA), an ecosystem of decentralization technologies and crypto economic tools to enable the shared regenerative energy economy. The modular design facilitates tailored deployment of Eloncity microgrid for diverse communities around the world. An optimal Eloncity configuration would be a direct current (DC) microgrid serving customers within a one-mile radius. This microgrid uses the DCBus Scheduler to manage the power flows in the community. The shared resources in an Eloncity microgrid would be locally generated renewable energy, and the equipment such as BESS, PV arrays, small wind turbines, electric vehicles, DCbus Schedulers and other decentralized renewable energy assets.


The ECT is a utility token designed to facilitate energy exchange within an Eloncity microgrid (i.e., ECTPcompliant microgrid) and among adjacent Eloncity microgrids.

ECT half-life mining mechanism

Before the market reaches the milestone of one terawatt-hour of newly harvest renewable energy stored in ECTP-compliant BESS, miners will receive 16 ECTs as rewards for each megawatt-hour of newly harvested renewable energy stored in the ECTP-compliant BESS. Miners are owners and owners of BESS. The total amount of ECT reward stays the same each time the total of newly harvested renewable energy stored in ECTPcompliant BESS doubles. For instance, after the first one terawatt-hour milestone, miners will receive eight ECTs for each stored megawatt-hour before the market reaches the milestone of two terawatt-hours. After the second milestone, miners will only receive four ECTs before the market reaches the milestone of four terawatthours of newly harvested renewable energy stored in ECTP-compliant BESS. The ECT reward scheme continues until the total harvested renewable energy stored in ECTP-compliant BESS reaches 524,288 terawatt-hour, which is roughly three times the total primary energy supply (TPES) in 201211.


The ECTP is based on blockchain technology to create a highly efficient and trusted community-based electricity exchange platform. It also specifies hardware devices and power network requirements for peer devices to exchange electricity on the blockchain platform. The core of this protocol is an AI-based algorithm that determines locational real-time energy price equilibrium at any point on a local energy network. This protocol recognizes that the energy supply-demand condition on one street is not necessarily the same condition for another street in a microgrid. Therefore, the value of electricity at any given moment at different locations on a microgrid would be different. The energy price determination of the Eloncity Model is a function of both time and location.

Business Model

From the official information, we can see that besides the basic trading attributes, ECT‘s main functions are for energy exchange and value storage. Apart from the marketing part of ECT Token, most ECT Token in the ICO period are locked in a different range of time. As time goes by and the mining keep proceeding, the locked token would be gradually released, which would also contributes to the steady growth of the project.

However, for the specific profit model of the project, Eloncity has not disclosed the detailed information. In addition, with the huge market scale of the renewable energy industry, there are still many industrial giants which have been keeping their eyes on, and start-up companies are also emerging at. To achieve ECT encryption pass in 2018 with a market capitalization of approximately $560 million, more information needs to be added to the project’s own revenue model and business growth points.

Besides, the specific fund supervision plan for Eloncity has not been announced in the public information.

 | Roadmap and Progress Disclosure

Project Overall Roadmap

Project Roadmap Description and Analysis

According to the project plan, Eloncity currently has a roadmap which has planned all the things until 2022. From the establishment of POMCube in 2014 to the production and application of several BESS products such as iCAN, we can see that Eloncity’s has a quite a strength in the energy hardware industry.

In addition, the current BESS (including EMS) has been produced in small batches, and the DCbus prototype is also scheduled to complete P1A in November. The team and GREE Electric Appliances have carried out standardization and promotion of DC air conditioners, mainly in the US market. It also has a strategic partnership with CATL to promote the North American energy storage market and is also conducting microgrid trials with subsidiaries of Global Energy Internet (See Technology). The first micro-grid site in North America which is located in Brawley, California, converted the original Mobile Home Park into a 480-unit general residence that will be the largest ZNE Home in California.

But if we look closely with the blockchain part, the team member said that currently Eloncity was mainly based on Cybermiles, the side chain was based on Plasma, and the AI ​​calculates fair trade prices was also being tested. It can be seen from the planning that in 2019 Q1, Eloncity would run the energy trading and intelligent contract platform at the Cybermiles Plasma layer and support ECTP on the Arcblock open chain with access protocol in 2019 Q4 .

Eloncity has not yet disclosed about their team Github address and the related code about the blockchain part.

 | Whitepaper Analysis

Screenshots of Eloncity’s whitepaper are as follows:

As we could see from the whitepaper, the energy architecture, technical modules, current management, etc. are introduced in great detail, which could be rather difficult for non-professionals to understand. About the half-life mining mechanism, it is also presented in the form of mathematical formulas. If you combine with the explanation, although it may takes some time to sort out, it can deepen the understanding of the logic and design concept of the mining mode. However, the use and value attributes of ECT are described in detail in the whitepaper, there are few references to its development planning and business model.


To sum up, this whitepaper has a very detailed introduction to the concept of Eloncity and the basic logic of operation. It is worth reading for readers or investors who want to know about Eloncity, but its technical details and related information for the blockchain part need to be improved.


Twitter: https://twitter.com/tuoluocaijing

Website: https://www.tuoluocaijing.cn

Rating standard


Excellent project with high value, Highly recommended


Quality project with upper middle value, Normally recommended


General project which have certain potential


Low quality project with not much value, Not recommended


Fraud or scam project with no value, Strongly not recommended

Risk classification


Investors can participate in the project.


With certain risks, Investors should be carefully when investing, with a small amount of money.


With more unclear information, higher risk, not recommend to invest, or do not invest.


The project is suspected of fraud, do not invest.


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