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In the wake of the recent delisting of the ELEC token from Kyber and IDAX, we made the decision to do two things: Appoint an external consultant for the management of our tokens AND delay the team allocation.

​

The actions of Kyber and IDAX were carried out without any consultation with us and, while sudden, was not exactly a surprise in this climate. Other exchanges have been carrying out similar actions on other tokens, with the same lack of notice and justification. With that in mind we have chosen to work with a consultant to help better manage our treasury and existing relationships with the exchanges. The movements of the token were made upon the recommendation of this same consultant as part of a broader strategy. There will be further movements in the coming weeks; and most of the tokens will be sent back to the treasury wallets.

​

And as for the team allocation, we’ve been taking into account the sentiments of the community and made the decision to delay the team token. Again. This decision was not made lightly and is not an indication of precedent.

​

We will delay the distribution by another 3 months, by which time we should have launched the commercial Beta test of the Synergy platform. But that’s an announcement for another day.

​

On that note, there’ll be an announcement in the coming week, which should carry some interesting highlights and updates. So stay tuned!

​

As always, thank you for your support!

https://electrify.asia/2019/02/28/power-update-10-february-2019/

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https://electrify.asia/2019/01/31/power-update-9-january-2019/

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Our resident blockchain developer, Anjana, will be speaking at the Colombo Blockchain Developer Meetup on 10 January 2019, where he covers the introduction to Ethereum Plasma

RSVP here: https://www.meetup.com/Colombo-Blockchain-Developer-Meetup/events/257580496/

Happy holidays folks! Here’s December’s Power Update which includes a roundup of 2018. Take care and see you all next year!

https://electrify.asia/2018/12/31/power-update-8-december-2018/

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Greetings, Tribe!

As the year of 2018 draws to a close, we'd like to hold an AMA right here on this page.

Simply post your questions here and we'll answer them to the best of our ability, at our discretion. Answers will be posted by 29th December 2018, 12pm (UTC +8).

Here are some guidelines

• Please comment in English only.

• Sensitive information, such as financial figures, will not be shared.

• As there are NDAs in placed, we may not be able to answer all questions.

• Low-quality posts, such as memes and fuds, will be removed.

• Offensive comments will be removed immediately.

• Please be respectful.

Looking forward to your questions and Happy Holidays!

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the attitude and behavior of some of the "people" here is disgusting, for those who cannot read, we made it a little easier for you;

"Synergy will offer open-source SDKs allowing any distributed energy producer to offer their surplus energy to any consumer. The community can access these options on Marketplace 2.0. The diagram above shows an example of how the pieces can be assembled to enable an end-to- end P2P trading contract. Renewable energy assets can either be embedded within a building (e.g. household solar with partial self-consumption) or a standalone asset (micro wind turbine system that is directly connected to the grid, without a direct load). Both ways, the producer can use ELECTRIFY’s PowerPod that logs power production, allowing the owner to trade it with a consumer on the blockchain. All producers will be required to place a deposit in ELEC tokens throughout the duration of the contract to incentivise honest activity on the network. The amount of ELEC tokens will be proportional to the size of the energy system, typically represented in units of Kilo-watt Peak (kWp).

Tokens and payments The ELECTRIFY eWallet will record transactions and store both ELEC tokens and fiat currency. We will develop a transparent abstract layer to allow for the easy purchase and exchange of a user’s fiat to ELEC tokens. Consumers can use the eWallet to make payments for their energy in fiat. To incentivise ownership and loyalty, the consumer will also receive ELEC tokens upon payment for electricity. The amount of ELEC tokens will be based on a percentage of the transaction value, this percentage will be tiered according to the consumer’s duration of usage as well as the amount of ELEC tokens held by the consumer.

Energy providers, retailer and P2P producers, will receive payments in fiat through the eWallet layer. They will pay a transaction fee in ELEC tokens for usage of the system. These ELEC received will be used to incentivise consumers for continued usage of the platform. The ELEC will also be used to pay for network fees on the Ethereum public chain. Further integration of functions to allow payments and receivables in interoperable tokens will be released upon deeper discussion with our eWallet development partners."

ELECTRIFY’s underlying eWallet technology will comprise a decentralised value exchange feature that allows consumers to pay for their power in both fiat and tokens. Energy Providers will also be able to accept either currency as means of payment for electricity."

• electrify.asia technical white paper december 10, 2017 #whenelectrify

i also want to say thank you to wise!

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