- 1 Electrify.Asia Basic Info
- 2 What Is Electrify?
- 3 Electrify's History
- 4 Electrify Marketplace 2.0 - Smart Contracts for Energy
- 5 Synergy - Peer to Peer Energy Trading Platform
- 6 PowerPod & eWallet
- 7 Where to store ELEC?
- 8 ELEC Founders
- 9 Key Advisors
- 10 Where and How To Buy Electrify.Asia (ELEC)
- 11 Convert ELEC to USD EUR GBP and Fiat
- 12 References
Price Info - https://coinmarketcap.com/currencies/electrifyasia
Summary: ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy.
Token Sale Ended: 24 February 2018.
Electrify.Asia (ELEC) Token's Website: https://electrify.asia
Electrify's Website: https://electrify.sg
ICO Whitepaper: https://electrify.asia/whitepaper
Technical Whitepaper: https://electrify.asia/technical_whitepaper
Coin Market Cap Link: https://coinmarketcap.com/currencies/electrifyasia
ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the consumption of energy. With a GMV of over SGD$5 million to date, ELECTRIFY has transacted more than 30GWh of electricity for commercial and industrial customers since March 2017.
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.
Founded by two senior executives from the Singaporean energy industry in early 2017, ELECTRIFY is the first retail electricity marketplace in Southeast-Asia addressing the need for transparency and security in the energy market. With a GMV of over SGD $5 million to date, ELECTRIFY has transacted more than 30GWh of electricity for business consumers since incorporation.
ELECTRIFY’s new Marketplace 2.0 will be the overarching web and mobile platform, allowing consumers to access all of ELECTRIFY’s services. Consumers will be able to purchase energy from electricity retailers or directly from their peers (P2P), cutting out the middleman.
Using smart contracts and blockchain, ELECTRIFY brings the following benefits to the consumer: No Middleman Fees + Reduced Transaction Cost + Automatic Execution.
Synergy allows consumers to buy power directly from small-scale producers, such as residential rooftop solar and wind turbines.
Synergy removes the middleman, and reduces energy costs for all consumers.
P2P trades will ride on a Contract for Difference (CfD) settlement mechanism.
Beyond microgrids, Electrify's CfD-based platform will allow Synergy to plug-and-play into major cities and all developed power grids globally.
PowerPod: To accurately track and audit the production from a small-scale energy producer, Electrify has developed an IoT smart device to measure and enable P2P trades via Synergy Smart Contracts.
PowerPod will log the energy produced onto a blockchain. Producers will be required to deposit at least 200 ELEC/kWp of rated generation capability as permission access to write energy data onto the blockchain.
This encourages long term ownership and disincentives tampering and dishonest behavior. This data will also allow producers to be awarded with a renewable energy certificate.
eWallet: The eWallet will be used to facilitate payments via the smart contracts, allowing consumers to pay for their energy usage. This will enable automatic and secure payments and allow energy suppliers to manage their credit risk. This will be the standard for payments in Marketplace 2.0 and Synergy.
ELEC is an ERC20 token, which had its ICO in February 2018. This part is important because it tells you a lot about the project. Since it is an ERC20 token, you can easily store ELEC in your favorite Ethereum wallets, such as MyEtherWallet.
JULIUS TAN (CEO) - Julius worked as a Solar Research Engineer at the National University of Singapore, thereafter moving on as an electricity trader and Head of the Energy department at a power company. Julius and team aim to build ELECTRIFY to offer a seamless experience for energy consumers in Asia through the use of blockchain and AI, unlocking value for both consumers and retailers.
Julius has a BA and MA in Engineering from the University of Cambridge. He previously worked at the Singapore Economic Development Board (Cleantech), Standard Chartered Bank (Global Transactional Banking), and Schlumberger (Oilfield Engineering).
MARTIN LIM (COO) - Martin has over 20 years of experience in the mass communications industry, having served as both a creative and strategic lead for a diverse range of clients ranging from SMEs to MNCs. The last decade provided a great deal of exposure with business startups and regional business development. His interests in energy and water led him to subsequently co- found a company to develop water treatment systems for disaster relief. He eventually landed a role in Business Development at a power company where he was the lead in new business generation in the key accounts.
Martin leads the operational functions at ELECTRIFY which include driving internal milestones and pursuing new opportunities with various stakeholders from retailers to customers, offering them a fluid integration into the ELECTRIFY ecosystem.
JUN HASEGAWA - Founder and CEO of Omise & OmiseGO.
JEFFERY CHAR - Founder & CEO J-Seed Ventures, Inc. and Director of Corporate Venture Capital Force at Tokyo Electric Power Company (TEPCO).
DR. LICHENG LIU - O&M Manager at Saferay Pte. Ltd. (Global solar developer).
SHIRLEY WONG - Managing Partner at TNF Ventures, Board member of IMDA, Co-chairman of the Cyber Security Awareness Alliance, Vice Chairman of South Asia Business Group, Member of Temasek Polytechnic’s IT School Advisory Council and an Entrepreneur-in-Residence at Singapore Management University.
DR. YANG DAZHI - Research Scientist (A*STAR).
You can buy ELEC on the followng exchanges in the ELEC/BTC and ELEC/ETH pairs:
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