The project has the following strengths which are worth noting:

● Ambitious, keeping up with the time, idea.

● Potential to occupy a significant industry’s niche and solve relevant industry problems.

● Eloncity implemented it in the USA and successfully launched in the village in San Juanico, B.C.S. in Mexico, built a standalone micro-grid. Publicly first Eloncity microgrid (ECTP-enabled) is planned to be proposed at the same time as ECT sale event.

● This year, Eloncity developers are aimed at fully launching AI, which will be promptly determining the optimal price. In addition, depending on the financing, it is planned to launch the construction of an innovative center for renewable energy production, using equipment, which every contract manufacturer is welcome to make and open technologies.

● Already available iCAN (fully integrated smart contract residential energy storage system (rESS) that time-shifts energy use and enables a better use of renewable energy) for USD 999 with USA shipping. In addition of being rESS, iCAN also has a number of integrated IoT features: smart outlets, Wi-Fi extender, optional WPC compatible wireless charger. As of the report date, the NetZero is under finalization and is and scheduled to pass the UL safety standard.

● Healthy vesting conditions;

● Venture funds as Investors & Partners.

13-May. Sergey: New interesting project from Krypital. The project is similar to Electrify.Asia, Wepower, Power Ledger. CEO of Arcblock is advising the project. No info about cap, sale will be held on Tokeneed. Similar projects have good ROI.
14-May. Sergey: We are waiting for token metrics. I have an insight that this project is the most significant for Krypital. Link
30-May. Alexey: I have it on my radar.
Sergey: It is another project of Krypital Group. Cap might be a little bigger than for Meculet and Egretia as far as I know. I have a feeling that this project might be even better than Merculet and Egretia.
Alexey: I like all three projects equally.

ELONCITY ICO decentralizes our power infrastructure into millions of self sufficient microgrids. Locally produced energy is available 24/7 and directly competitive to utilities.

Strength and Opportunities:
Advantages of using the blockchain technology for managing energy grids are that the community receives an auditable record of energy generation and transactions. This way the members participating in the grid can always see who produced which quantity of energy and which transactions were made on the grid. The transition from nuclear and fossil energy to renewable energy is currently underway in many countries in the world. Eloncity provides a solution for this new energy system with the corresponding challenges such as unstable energy production. The mechanisms of the Eloncity system help to flatten peak demands and to reduce energy costs for the network participants.
Weaknesses and Threats:
Eloncity depends for its success on the adoption of local communities. Therefore it is crucial that local communities are open to use this new approach towards producing and consuming electricity. If local communities are reluctant to adopt the Eloncity protocol or token, because they reject blockchain technology, the fluctuation of the token value or any other reason, then it will be difficult for Eloncity to reach its goals. Also there may be regulatory constraints in certain jurisdictions that could make the adoption of the Eloncity platform difficult.
Verdict:
The specific use case of the Eloncity platform in a very fast evolving and prosperous market niche combined with the solid experience of the Eloncity team make this a very interesting project. Community management and marketing is managed well, which increases the likelihood of a successful ICO. Delivering the development milestones as planned in the roadmap and convincing enough local communities to adopt the Elconcity platform will be the crucial challenges that lie ahead in the next years for the Eloncity team.