[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 225x225, ELEC.jpg [View same] [iqdb] [saucenao] [google]
9034067 No.9034067 [Reply] [Original]

>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.

https://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 https://www.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?

>> No.9034177

>What more do you want?
more sub 10cent ELEC. stop shilling

>> No.9034220

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

>> No.9034242

>>9034220
I only post plain as day facts

>> No.9034247

>>9034220
I will be the 1st to say /biz/ and esp. /pol/nignogs doesn't deserve it

>> No.9034280

Im feeling cz will pick this soon, volume potential is Big.

>> No.9034531 [DELETED] 

>>9034242
Yes but some of us are fucking trying to get more and we dont want to look like we're paid shills or have it explode while we are still accumulating

>> No.9034543 [DELETED] 

>>9034242
>>9034531
Just wait for a major exchange listing and then it'll shine

>> No.9034571

>>9034177
FPBP

>> No.9034659

So...what exactly does it do?

>> No.9034690

Stop shilling ELEC, not yet

>> No.9034718

Amazing

>> No.9034730

>>9034659
makes you rich

>> No.9034767

>>9034659
makes people that didn't research what it will do salty af for being too lazy by EOY

>> No.9034771

how does the token work?

>> No.9034788

But it doesnt do anything.

>> No.9034839

>>9034771
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.

>> No.9034857
File: 272 KB, 1920x1080, Simple.jpg [View same] [iqdb] [saucenao] [google]
9034857

>>9034788
holy shit you're absolutely right.
don't ever buy. it's a scam.

dodged a bullet here thanks anon

>> No.9034873

>>9034788
>>9034771
>>9034659
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.

>> No.9034880
File: 125 KB, 1171x936, 228D9022-FA17-4067-82B0-2E90A185068E.jpg [View same] [iqdb] [saucenao] [google]
9034880

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?

>> No.9034900

>>9034880
>>9034880
here you go.
https://electrify.asia/whitepaper/
https://electrify.asia/technical_whitepaper/

>> No.9034951

>>9034900
ok

>> No.9035001

>>9034873
Don’t even try to shill to them, OP. They don’t deserve your research. /Biz/ never learns. Let them FOMO later.

>> No.9035045
File: 51 KB, 657x527, 1522094901520.png [View same] [iqdb] [saucenao] [google]
9035045

>>9034900
who gives a fuck about white papers

make better memes

>> No.9035065
File: 1.69 MB, 540x304, AEAF0A92-E7A0-4982-8CF1-30C4A723CE7D.gif [View same] [iqdb] [saucenao] [google]
9035065

>>9034873
>electricity transactions via the blockchain

crypto is blowing my mind guys.

>> No.9035084

should I buy 30k elec or buy Ambrose's or block port and why

>> No.9035125
File: 1.00 MB, 942x725, 1523681321808.png [View same] [iqdb] [saucenao] [google]
9035125

>>9035045
here i found something decent use this to shill your bullshit

>> No.9035133

>>9035084
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.

>> No.9035144

>>9035125
impressive... very nice

>> No.9035151

>>9035084
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

>> No.9035175

>>9035144
i don't know who the fuck made that but it wasn't me so yeah.Just some random shit on the internet

>> No.9035181

ELEC, TOMO, JNT or CPC?

>> No.9035269

>>9035181
the fucks tomo and cpc

>> No.9035294

When will this hit $2. I'm poor

>> No.9035319

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 4chan in order to avoid bringing moonkids.

Thanks!

>> No.9035389

>>9035319
>>9034177
>>9034220
>>9034690
>>9035001
>y-yes guys we're totally not a coordinated shill squad from a pnd group

>> No.9035411

>>9035389
We are.
Don't buy!

Dumbass

>> No.9035417

>>9035389
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

>> No.9035443

>>9035389
kek'd, anon are you brain damaged?
no seriously, are you always this fucking dense?

>> No.9035764

>>9034067
I just filled my bags. got a few hundred k.
This is going to be big.

>> No.9035934

>>9035764
few hundreds HAHAHAHAHAHAHAHAHAH

>> No.9035944

>>9035151
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.

>> No.9035954

>>9035934
few hundred k.
as in about ~450 000

>> No.9035974

>>9035954
he doesnt have a million and more HAHAHAHAHAHAHAHA

>> No.9036012

This coin will be 5 dollars at some
Point this year, feeling comfy

>> No.9036067

>>9035974
>Dumping $100K into a token that was put on CMC a month ago

>> No.9036125

>>9035974
20% of my portfolio is a lot on an investment like this imo. no need to get more right now.

>> No.9036924

>>9034873
>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.