Electrify.Asia

Electrify.Asia

Created using Figma
Created using Figma
ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy. ELECTRIFY plans to develop a decentralised energy marketplace that runs on the blockchain. As an improvement from the existing marketplace business in Singapore, the new MARKETPLACE 2.0 will allow anyone to source for energy from commercial energy suppliers or to buy directly from a private producer via ELECTRIFY’s peer-to-peer (P2P) trading platform, SYNERGY.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • HitBTC
    ELEC/BTC 41 minutes ago
    $ 0.0015
    $ 12.02
    -3.50%
    -10.23%
  • HitBTC
    ELEC/USD 41 minutes ago
    $ 0.0012
    $ 1.87
    -50.11%
    -46.88%
  • KuCoin
    ELEC/BTC 42 minutes ago
    $ 0.0013
    $ 169.08
    -4.77%
    46.16%
  • HitBTC
    ELEC/ETH 50 minutes ago
    $ 0.0013
    $ 3.72
    -0.52%
    -14.29%
  • SatowalletEx
    ELEC/USDT one hour ago
    $ 0.0026
    $ 0.0260
    -0.17%
    99.66%
  • SatowalletEx
    ELEC/SATOS one hour ago
    $ 0.0817
    $ 169.79
    -0.21%
    -50.11%
  • Gate.io
    ELEC/USDT one hour ago
    $ 0.0015
    $ 900.33
    2.25%
    -25.21%
  • KuCoin
    ELEC/ETH 11 hours ago
    $ 0.0014
    $ 214.33
    -
    -
  • Gate.io
    ELEC/ETH 12 hours ago
    $ 0.0015
    -
    -
    -
  • Idex
    ELEC/ETH 5 days ago
    $ 0.0015
    -
    -
    -
  • ForkDelta
    ELEC/ETH 24 days ago
    $ 0.0038
    -
    -
    -
  • Bamboo Relay
    ELEC/WETH one month ago
    -
    -
    -
    -
  • DDEX
    ELEC/WETH 3 months ago
    $ 0.0004
    $ 1.46
    -
    -
  • Gate.io
    ELEC/USDT 4 months ago
    $ 0.0039
    $ 71.635 K
    -
    -
  • Gate.io
    ELEC/ETH 4 months ago
    $ 0.0041
    $ 3.436 K
    -
    -
  • Idax
    ELEC/BTC 5 months ago
    $ 3,052.30
    -
    -
    -
  • Kyber Network
    ELEC/ETH 6 months ago
    -
    -
    -
    -
  • Idax
    ELEC/ETH 7 months ago
    $ 0.0087
    -
    -
    -
  • DDEX
    ELEC/ETH
    -
    -
    -
    -
ICO
Feb 23, 2018
Mar 1, 2018
100% completed
$30 000 000
hard cap
goal
100% hard cap completed
Goal 30 000 000.00 USD
Hard cap 30 000 000.00 USD
past
  • 1 ELEC
    =
    0.8 USD
Token Details
Ticker
ELEC
Accepted Currencies
ETH
Company Details
Registered Country
Singapore
Additional Details
Platform
Ethereum
KYC
Yes
Categories
Platform, Cryptocurrency, Energy, Smart Contract

About Electrify.Asia

60% of the world’s population lives in Asia and almost half of this population live in cities; and they’re all connected to central power grids. Japan liberalised its power grid in 2016, China has done so in parts and Singapore will be the first in Southeast-Asia. As more countries liberalise their electricity markets, consumers will get greater choice in choosing their electricity retailers and the way they want to consume energy. 

In these liberalised environments consumers still consume power from centralised grids managed by corporatised grid operators. There’s also fast growing demand for alternative energy resources like like solar panels, biomass and wind.

However centralised electricity systems are lagging in innovations and alternatives. Solutions like renewable energy and peer-to-peer energy trading are still not prevalent. Without access to alternatives, consumers are not getting the choices they deserve.

ELECTRIFY will enable the decentralisation of power production and bring the power of choice to the consumer. We aim to build a better electricity network, and it starts with an intelligent energy ecosystem.

At the heart of this new ecosystem will be energy smart contracts secured on the blockchain, fueled by the ELEC token.

Features

Marketplace 2.0 will be a web and mobile platform allow consumers to purchase energy from electricity retailers or directly from their peers (P2P) with smart contracts and blockchain.

Synergy allows consumers to buy power directly from small-scale producers, such as residential rooftop solar and wind turbines. This removes the middleman, reducing energy costs for consumers.

E-Wallet will be used to facilitate payments via the smart contracts, allowing consumers to pay for their energy usage for payments in the Electrify ecosystem.

PowerPod: to accurately track and audit the output from a small-scale solar panel, an IoT smart device have been developed to measure and execute P2P trades via Synergy smart contracts. PowerPod will log energy produced onto a blockchain.

Electrify.Asia Roadmap

  • https://electrify.asia/whitepaper/

  • MAR 2017

  • LAUNCHED ELECTRIFY.SG
  • OCT 2017

  • TRANSACTION VOLUME > S$5M
  • JAN 2018

  • ELEC TOKEN WHITELIST PERIOD
  • Read More
  • FEB 2018

  • ELEC TOKEN MAIN SALE
  • Q3 2018

  • BETA LAUNCH ELECTRIFY MARKETPLACE 2.0 & eWALLET
  • Q4 2018

  • BETA LAUNCH SYNERGY&POWERPOD
  • Q4 2018

  • EXPANSION INTO JAPAN
  • 2019

  • EXPANSION INTO THE PHILIPPINES, AUSTRALIA

Activity

Posts:
174
MEDIUM
Followers:
9 482
HIGH
Likes:
9 369
HIGH
Rating:
5
VERY HIGH
Followers:
6 271
HIGH
Tweets:
659
VERY HIGH
30 Days Growth:
-40

Electrify.Asia Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Julius Tan
CEO
unverified
Martin Lim
COO
unverified
ALEXIA LEE
OPERATIONS
unverified
JOHN LIAN
DEVELOPER
unverified
ELEN CHERAN
BUSINESS DEVELOPMENT
unverified
MOHAN RAJ
BUSINESS DEVELOPMENT
unverified
CHAN CHEA HANG
DEVELOPER
unverified

3 ICO

$15 000 000

ADRIAN LAM
BUSINESS DEVELOPMENT
unverified
HARRY CHOONG
ENGAGEMENT
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

JUN HASEGAWA
Advisor
unverified
DR. YANG DAZHI
Advisor
unverified
SHIRLEY WONG
Advisor
unverified
DR. LICHENG LIU
Advisor
unverified

Electrify.Asia Last News

$ 0.0014
2.70%
Coin Stats
Daily, %:
2.70%
Weekly, %:
-44.39%
Monthly, %:
-34.94%
Market Info
Market Cap:
$ 771.727 K
Volume 24h:
$ 1.031 K
Circ. Supply:
534.36 M ELEC
Ticker:
ELEC
ICO profit
X 0.0018
ICO Price~$0.8000

Electrify.Asia Reviews

thetechinsider.org
reviews

Summary

With a growing competition within the energy industry, we hope to see Electrify Asia fufill its promise. It does have products available (eWallet, Powerpod) which does set it apart from the competition.

Positives
Established Team: Electrify Asia has a market in Singapore that has 12-16 retailers on it.
Increased Savings: When using Electrify Asia, users can obtain up to 25-30% of their electricity. This low energy cost increases the demand for ELEC coin and will help it be accessible throughout Asia.
Producer Incentives: Producers can use their electricity to participate in the network and obtain profits via using its PowerPod.

Negatives
High Competition: Electrify Asia is in direct competition with other ICOs such as Australia’s Power Ledger.
Expansion: While it does seem to have issues with expanding its network, Electrify Asia might have to look into Japan for expansion. However, they haven’t created any partnerships with Japanese entities as of yet.

Read More
cryptobriefing.com
News, reviews

With the particularly high utility case for trading energy on the blockchain, the competition in this space is only increasing. The issue with electricity is of course that utilities tend to be a sector with high levels of regulation, the degree to which varies from country to country.

With Electrify Asia’s foothold in Singapore, building their base at home and finding the next viable market with a suitable regulatory environment will be key to success.

Read More
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