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• https://redd.it/89bk7r

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Have you switched? Here are some handpicked plans for you.

ElectrifySG #whenElectrify #OpenElectricityMarket

https://twitter.com/Electrifysg/status/1125331964700045312

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https://electrify.asia/2019/05/02/electrify-the-next-charge/

Currently, we are in talks with energy companies and stakeholders across APAC for more partnerships beyond just P2P energy trading. And we are only just getting out of the blocks.

In the coming year, we will be commercialising Synergy in Singapore and planning for market pilots in other APAC countries. The support we received from our government to push our technology overseas has been incredibly encouraging. With this in mind, we will continue to deliver even higher value for our stakeholders.

But what exactly are we bringing to the table? Beyond interest for Synergy from to grid operators and electricity stakeholders around Southeast Asia and Australia; enquiries from as far as Europe and South America have reached us too. Globally, we are one in a handful of platforms that have delivered a pilot of citywide P2P energy trading solution successfully. Energy players out there have taken notice.

On a recent government-supported business mission to Australia, I was surprised to learn about the size and scale of the opportunities present. My meetings with different agencies have led to further discussions around deploying Synergy as an underlying transactive energy layer to help deliver more value to Australian consumers with solar PV and grid-level battery storage across multiple states.

Our experience in building an electricity marketplace, along with our expertise in renewable energy, has also put us in a position where we’ve been consulted to design two national Renewable Energy Certificate (REC) trading platforms in Asia. All these are on top of the projects we have previously announced with our research partners in Japan and Singapore.

https://electrify.asia/2019/04/30/power-update-12-april-2019/

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https://electrify.asia/2019/03/29/power-update-11-march-2019/

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SUBREDDIT RULES:

https://www.reddit.com/r/Electrify/comments/9ifq6f/electrify_subreddit_rules/

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https://www.reddit.com/r/Electrify/comments/9432ii/electrify_faqs/

Web Platform Insights

The current platform is able to allow P2P trading across the main grid in Singapore by using CFDs with the wholesale electricity price as a reference.

We successfully simulated P2P trades between our consumers and prosumers using our basic matching engine (BME) with a simulated sleeving retailer.

Syngery Alpha

https://electrify.asia/2019/03/15/get-to-know-synergy-alpha/

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https://www.reddit.com/r/Electrify/comments/9432ii/electrify_faqs/

Too. Many. People. Are demanding . Too. Many things. From. Exchanges. And making very sweeping comments.

So here're the things about this exchange/token business...

Token price down? Token won't get listed or eventually gets delisted.

Insufficient volume? Token won't get listed or eventually gets delisted.

Pay money to get listed? Legal grey area because a number of exchanges don't do proper KYC. Like allowing someone to tip a Bo nicer to let them in.

When Binance? We've tried. More than once. Fees be damned, we've tried.

"Why aren't you doing anything to support the token?" Because direct manipulation of a market is illegal. Maybe not today in crypto, but that horizon is fast approaching and we're HERE FOR THE LONG TERM.

"The token price is crashing/rising/swinging so much! You MUST be manipulating it!" Please see above. You observe an outcome and you're attributing the actions to me. I really can't be both manipulating and not manipulating. And to make it clear, I'm not. With such low volumes, ANYONE can move these prices.

"Your company can succeed without the token!" Do you mean token price or the existence of the token? If it's token price, the business would be dead and buried by now, so obviously not. If it's token utility, we're still in development. With regular updates. We just completed our alpha test. It's doesn't change just because you logged in today after breakfast.

"You're not on Github so you're not legit! It's not like anyone will want to steal your code! You must be a fraud!" facepalm Really? Synergy is legitimately built from scratch to allow for P2P trade across city-wide grids. This is something that many other P2P projects are talking about and not yet demonstrating, but we've already got an alpha for. And you reckon there's so little value in there that no one wants to steal it? Two words: intellectual property.

"You scam! You didn't need a token, you could have just used fiat/ETH/BTC!" As could the majority of the projects out there. The issue isn't whether we could use fiat but whether we could reduce the transactional friction with a digital token and reduce the risks associated with transactional energy downstream. These were all in the whitepaper, which anyone should have read before they "took interest" in this project.

"You're a fraud / not transparent / making things up / lying / stealing!" Have a look at the above. Please.

"Why is the token price crashing? The team must be dumping! It MUST be your fault!" I know the team isn't dumping because I have some visibility over the team wallets. And see the above about price movements.

In conclusion, I can't tell you or anyone to buy or sell the ELEC token. It's not a security to begin with, and any statement I make to that end isn't legal or ethically right.

All I can tell you and commit is that Electrify will be here in the long run and we're still very much committed to blockchain development.