Dynamic and history value of price ELEC. Maximal value of price ElectrifyAsia was 0.001168$ - 2020-07-11 11:00:10, Minimal price of ELEC was 0.0004542$ value and fixed at 2020-06-15 11:00:09. Today price of ElectrifyAsia is : 0.0007642$
Even in an open electricity market environment, consumers still buy electricity from centralized grids managed by grid operators. However, the demand for distributed energy sources such as solar photovoltaic devices, biomass energy, wind energy, batteries and even embedded power networks is growing rapidly. However, centralized grids lag behind providing innovative, peer-to-peer energy models, and solutions involving alternative energy sources. In the absence of it, consumers do not get the choice they deserve. ELECTRIFY is committed to changing the current phenomenon: giving consumers the right to choose through simple smart contracts protected by the blockchain. ELEC tokens will be traded on cryptocurrency exchanges and will drive the economy and ecosystem of Elektro. We are not just fantasies, we are building a better grid. And it all starts with the smart energy ecosystem.
WePower have also made their first steps into the market. For their expansion plans, Electrify Asia’s finest wager is probably the Japanese market. The country’s receptive attitude toward blockchain and liberal regulatory environment are each welcoming factors. However, on the time of writing the team have yet to ascertain any partnerships with Japanese entities.
The new market will host a peer-to-peer platform, called Synergy that connects users with vitality retailers of all sizes, and kinds. The CfD-based mostly platform also allows for plug-and-play capabilities into main cities and all developed power grids globally. The Electrify Asia ICO is using vitality market liberalization as a promoting level for their project.
At the center of this new ecosystem might be energy smart contracts secured on the blockchain, fueled by the ELEC token. The ELEC token will permit the producers and retailers to entry Electrify Asia’s ecosystem.
60% of the world population lives in Asia and almost half of this population are related to central energy grids. As extra nations liberalize their electrical energy markets, this infrastructure will provide the means for private power retailers to bring innovation to the power sector. We additionally gathering additional info from totally different sources to verify we cowl all essential data or events. Meet Martin, COO of Asia’s first decentralised vitality marketplace and be a part of Electifiy Asia in Seoul for chicmaek, rooster and beer. Electrify is the primary retail electricity marketplace in Southeast-Asia building a clear, safe and clever energy ecosystem for the consumption of power.
Electrify Asia must leverage their dominant place of their residence nation to promote the market in foreign jurisdictions. If they can discover a way to associate with the prevailing infrastructure or regulatory bodies in the new nations being targeted they may see success. in late April 2018, but the price has been on a gradual slide decrease since then and as of the tip of May 2018 the value of one ELEC token is $0.064992. ELEC tokens may even be used to pay transaction charges on the community. Additionally, there are plans to problem ELEC tokens to customers as part of a loyalty rewards program.
You can find the Electrify.Asia YOU COIN closing price in actual-time in this chart. You may even examine the true-time Electrify.Asia YOU COIN volume as of today. Tokens, Influencers or Websites Build crypto exchange directly into your website with ZERO CODE. Reported Volume calculates quantity from all exchanges with market pairs, but due to components such as wash trading, it’s thought-about an unreliable metric.
Most of the quantity in ELEC buying and selling is on KuCoin, so it’s obvious that the token may gain advantage considerably by being listed on one of many main exchanges corresponding to OKEx, Binance, Huobi or Bitfinex. Liquidity is only common, with less than $500,000 in day by day commerce volume. We see an increase of 9% in value as per CoinSwitch – the most important ELEC to YOU convertor. Current Electrify.Asia to YOU COIN Exchange Rates across all Exchanges.
Retailers and producers shall be required to stake their ELEC as a deposit to offer their vitality within the marketplace. Transaction charges may also be paid by vitality providers utilizing the ELEC token for the usage of Electrify Asia’s good contract platform.
The Marketplace will run on power sensible contracts which might be secured on the blockchain, and the entire course of will be fueled by the ELEC token. The ELEC token, which is an ERC-20 suitable token created on the Ethereum blockchain, will allow producers and retailers alike access the Electrify Asia ecosystem.
World’s leading platform for futures, perpetual swaps and options trading. A challenge created to revolutionize the best way the power is getting used and distributed around the globe, with a specific emphasis on the Asian market. You need an account in order to star coins, keep monitor of your portfolio, arrange alerts, vote on cash in addition to use all the other advanced features. Electrify is the primary retail electrical energy marketplace in Southeast-Asia addressing the need for transparency and safety within the consumption of energy. There are currently 529,591,779 Electrify.Asia cash circulating out of a max supply of 749,999,945.
Reduced rates can be found as a result of retailers can now buy energy at discounted wholesale prices after which promote it on to customers via the Electrify market. In different phrases, the fee structure between the Singaporean government utilities supplier and the ability producers is larger than those with non-public retailers on the Electrify marketplace. The marketplace supplies a functioning pilot for what is going to make up the architecture of the company’s foray into international markets as nicely.
You can effortlessly observe the advance of your request with CoinSwitch’s simple and instinctive UI in a couple of clicks. The buying and selling volume for YOU COIN up to now 24 hours has been USD 6,909,907. According to CoinSwitch’s real time ELEC to YOU calculator, price of YOU fallen by -10.819% up to now 24 hours. Get the best prices on CoinSwitch’s safe and clear platform when converting from Electrify.Asia to YOU COIN. To commerce ELEC and YOU, you’ll be able to download the YOU COIN pockets specifically from its web site.
In the final 24 hours, Electrify.Asia was most traded on HitBTC, Gate.io, and IDEX. The most traded Electrify.Asia pairs within the last 24 hours are ELEC/BTC, ELEC/USDT, and ELEC/ETH. It has a circulating supply of 529.6 million cash and ranked as #3029 with $233.9 thousand market cap. (2 Year 0 Month Ago), for the previous fifty two weeks lowest and highest worth for ELEC was $zero. Consumers will create accounts, and will be able to log in to buy their vitality from producers in the Marketplace 2.zero.
When comparing Electrify.Asia to Bitcoin, you could discover the value change is significantly different. To see more about Electrify.Asia’s value, take a look at their CoinMarketCap page. On CoinMarketCap, you can see the change rate for ELEC to BTC, or Bitcoin. Electrify.Asia is a well-known cryptocurrency that trades utilizing the ticker symbol ELEC .
You can select the change with the best change rate and go ahead with the conversion. You can discover the Electrify.Asia YOU COIN change charges updated in actual-time. This is the advantage of utilizing CoinSwitch, you always exchange your cash from the exchange which provides the best exchange price. ELEC is the forex used to pay for power on the Electrify.Asia platform.
You can promote any cryptocurrency on our platform in three clicks. Fund your Coinsquare account by clicking “Fund” within the prime menu after which following instructions for Bitcoin or Ethereum, whichever one you want to fund with. Signing up on an altcoin trade is the simplest way to sell ELEC for Bitcoin or Ethereum, which implies you’ll be capable of cash out sooner. All of these components and more generally contribute to cryptocurrency costs, which is a key data level to know when selling Electrify.Asia / ELEC. An official system of cryptocurrency was built by the founding father of Bitcoin, a mysterious determine known as Satoshi Nakamoto.
The group is great and picked the right time to jump at this opportunity. Their offchain platform will transition existing users onto the chain and the Singapore market is ripe for expansion. With Electrify Asia’s foothold in Singapore, constructing their base at residence and discovering the subsequent viable market with an appropriate regulatory surroundings will be key to success. With the particularly high utility case for buying and selling energy on the blockchain, the competition on this house is only increasing. The concern with electricity is in fact that utilities are usually a sector with excessive levels of regulation, the diploma to which varies from nation to nation.
However, there is little indication of an total trend toward market deregulation, especially within the extra command oriented economies of Asia. Regulatory hurdles subsequently characterize a particularly difficult issue for the Electrify Asia ICO ought to an effort be made to penetrate the Southeast Asian market. clients will be capable of buy vitality from electricity retailers on Marketplace 2.0. To log vitality on the blockchain, the team have developed the PowerPod, an IoT device that permits energy trades. Energy producers might be required to use the PowerPod to log power output and to deposit a minimal amount of ELEC rated era functionality as permission to write energy knowledge onto the blockchain.
Electrify.Asia (ELEC) is the #1289 largest cryptocurrency by market cap as of May 25, 2020, with a market cap of $231,869.06 USD. Quick Trade is on the left aspect of your Coinsquare dashboard.
Innovative options to meet the demand for expanded access to renewables and more environment friendly power buying and selling are needed. The Electrify Asia ICO seeks to fulfill this growing consumer demand by building an clever vitality ecosystem. Trading vitality on the blockchain is a perfect use case for the technology, and competition throughout the house will solely improve within the coming years. Electrify Asia has a jump on many of the competition, and a big first-mover advantage in its house country of Singapore. One of the main promoting points for the Electrify Asia project is the liberalization of the vitality market.
- The buying and selling quantity for YOU COIN prior to now 24 hours has been USD 6,909,907.
- According to CoinSwitch’s real time ELEC to YOU calculator, worth of YOU fallen by -10.819% in the past 24 hours.
- The most traded Electrify.Asia pairs within the last 24 hours are ELEC/BTC, ELEC/USDT, and ELEC/ETH.
- You can effortlessly track the advance of your request with CoinSwitch’s straightforward and instinctive UI in a few clicks.
- In the last 24 hours, Electrify.Asia was most traded on HitBTC, Gate.io, and IDEX.
— YomiBlog (@BlogYomi) January 24, 2019
Statements and financial data on CoinCheckup.com shouldn’t be construed as an endorsement or advice to buy, promote or hold. Please do your individual research on all of your investments carefully. Scores are based mostly on widespread sense Formulas that we personally use to analyse crypto cash & tokens. Past efficiency isn’t essentially indicative of future outcomes. The Electrify Marketplace 2.zero builds upon an present market, created by the group, which gives them a strategic benefit thanks to experience acquired during previous years.
Key staff members through the Electrify.Asia ICO included Julius Tan, Martin Lim, and Alexia Lee. Most customers who sell ELEC do so for Bitcoin (BTC) or Ethereum (ETH). While you unfortunately can not promote ELEC directly on Coinsquare, you can sell it on an altcoin exchange for Bitcoin or Ethereum after which use Coinsquare money out to fiat foreign money like Euro or Canadian dollar. Trading and investing in digital assets is extremely speculative and comes with many dangers. The analysis / stats on CoinCheckup.com are for informational functions and should not be thought-about funding advice.
This might be facilitated by the PowerPod, and Internet of Things system created by Electrify Asia to allow producers to log their power output on the blockchain. CoinSwitch permits you to examine the Live ELEC YOU value on all major exchanges, corresponding to Binance, Changelly, OkEx, KuCoin, HitBTC, Huobi and so on and allow you to transform ELEC YOU at the very best charges. Currently, Electrify.Asia YOU COIN could be transformed across many exchanges as proven under.
Prior to becoming a member of the group, Martin served as Director of an arms company referred to as Armetall Sistema. Martin was also as soon as with Sunseap Energy as a Business Development Consultant. He has spent over 15 years as Creative Director at a variety of corporations. Sunseap Energy for five years prior to founding Electrify Asia. His earlier experience additionally includes a stint as Research Engineer at the Solar Energy Research Institute of Singapore.
Other influencers like Vitalik Buterin, founder of Ethereum and Ether, introduced forth issues like smart contracts, which paved the way in which for cloud mining. There is a max provide of 750,000,000 ELEC that can ever be available, primarily based on mining efforts via the miners. This means studying tips on how to sell Electrify.Asia / ELEC is relatively time sensitive as all cash may in concept be purchased in some unspecified time in the future sooner or later. Don’t fear, though, that’s probably a long time away for most major cryptocurrencies. Electrify.Asia is constructing an clever energy ecosystem.
Electrify Asia is off to a powerful begin with a longtime working vitality marketplace in Singapore. This market was designed for enterprise clients and has about a dozen retailers already participating to ship energy. This first era marketplace establishes the validity of the Electrify Asia business plan, as well as a working structure for the corporate’s enlargement into international markets. The Electrify Asia challenge is seeking to just do that, and has already launched with a token that may be traded, and an existing infrastructure and offchain marketplace. Electrify.Asia YOU COIN chart supplies the stay tracking of Electrify.Asia YOU COIN price changes.
This person, or group of people, is unknown but put into the world the blockchain technology system we’ve today. Satoshi Nakamoto added maturity to the idea of crypto mining, Bitcoin wallets, and more.
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The token is now listed on Kucoin, HitBTC, IDEX, DDEX, IDAX, ForkDelta and Gate.io exchanges. Electrify.Asia (ELEC) is trading at $0.00044 USD, reducing by -3.94% since yesterday. Electrify.Asia has traded $83 USD in the last 24 hours.
Its token sale ended on March 1, 2018, elevating $30 million. Three nations, USA, China and South Korea had been restricted from participating.
Electrify Asia has as its core value proposition the decentralization of power production and distribution, thus giving shoppers a greater variety of power sources, and lower prices. This will be realized by bringing the present Electrify Asia intelligent offchain marketplace onto a blockchain based mostly market. Although ELEC just isn’t available to commerce, you will get worth alerts, information, and more with a Coinbase account. The Electrify.Asia ICO (preliminary coin offering) raised $29,102,830 USD by selling Electrify.Asia tokens at a worth of $0.08 USD. The Electrify.Asia ICO began on January 23, 2018 and ended on March 01, 2018.
The key to powering the entire Electrify Asia ecosystem is the ELEC token, and ERC-20 compliant token created on the Ethereum blockchain. Energy producers and retailers will use the token as a deposit to achieve entry to the Marketplace and listing their obtainable energy on the market.
USD price of Electrify.Asia (ELEC) has been traded in the past 24 hours. You can follow Electrify.Asia (ELEC)’s progress by adding it to your favourites and making a free portfolio if you want. You can view reside worth chart, candelstick chart and historic worth chart. While Electrify.Asia is not Bitcoin, probably the most properly-recognized cryptocurrency, it has a large community.
For many years electricity has been distributed to customers from large energy stations. The Electrify Asia ICO exhibits some robust indications of a stable challenge.
The obvious issue is that there is no clear development in Asia in the direction of market deregulation, especially in the more centrally managed economies. This may pose vital regulatory hurdles for Electrify Asia as they try to penetrate many Southeast Asian markets.
While Coinsquare doesn’t assist this token, it could be bought on other trading platforms for any main cryptocurrency, like BTC, ETH, and XRP or fiat currency similar to Canadian dollar, US dollar, and Euro. To discover ways to sell Electrify.Asia / ELEC, scroll right down to the “How to promote ELEC part”.