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Electrify.Asia Review

4

·

Terrible

Revainrating 1.5 out of 5  
Rating 
1.7
Crypto Projects, ERC20

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Description of Electrify.Asia

Electrify.Asia (ELEC) is a cryptocurrency and operates on the Ethereum platform. Electrify.Asia has a current supply of 749,999,945.2724185 with 529,591,778.6018642 in circulation. The last known price of Electrify.Asia is 0.00069861 USD and is down -3.68 over the last 24 hours. It is currently trading on 6 active market(s) with $13,979.95 traded over the last 24 hours. More information can be found at https://electrify.asia/.

Reviews

Global ratings 4
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Type of review

Revainrating 3 out of 5

Contrary to what other users think negatively, I trust the project

If the project didn't manage to be liked by users at first, it looks like it has reached a really large user base soon after. The main goal of the project is to save electricity and to use the blockchain chain while doing so. However, I think the general focus is on Asian countries, as the name suggests. The project has a website with a really easy to use design. However, I was unable to find a few required information, so I could not verify the information on the developers. I see that some…

Pros
  • transaction volume is high
  • the amount of circulating supply is huge
  • it is liked by several countries
  • I like the interface of the website
Cons
  • low value token
  • developer information not verified
  • The road map does not look up to date

Revainrating 1 out of 5

Energy marketplace.

It is an Asian initiative that aims to create a transparent, decentralized power generation system, meaning a liberal market that gives its users the freedom to choose their own electricity retailers and the way they want to use energy.

Pros
  • Tokens can be used by energy producers and retailers to access it. Loyalty rewards have also been introduced for customers.
  • Tokens are pre-mined, so you won't be able to get them through mining.
  • It is one of the new tokens on the market, significantly lower than other tokens.
Cons
  • It had a rough years, losing more than half its value.

Revainrating 2 out of 5

Decentralized power production system.

The system ensures that there is increased transparency between users and electricity retailers, ensuring that users are aware of retail energy prices, energy sources, and carbon footprint.

Pros
  • An online contracting and payment portal, so the purposeful manual aims to reduce the practice of paper-based contracts and cash payments.
  • P2P trades are based on the difference settlement process for contracts.
  • It also works to develop power grids on a global scale.
Cons
  • No new updates, no liquidity on exchanges, lack of marketing.

Revainrating 1 out of 5

electrifyasia is a project in which it is possible to sell or buy electric…

electrifyasia is a project in which it is possible to sell or buy electric power that has its location in Southeast Asia this according to official information. Its real market in which the block chain will be used to decentralize the energy business is still being planned. To me in general this type of projects I would like them to arrive at what they propose in their roadmap since there are few projects of this type that solve a real problem such as the sale of electricity and the…

Pros
  • Its platform is aimed at reducing costs related to electricity consumption by executing contracts using the block chain. billing will be more efficient since smart devices will be used to measure and consult operations.
Cons
  • Its application is still in development where the information of the purchase of electricity will be sought. Little implementation, apart from this its location only in asía which makes to a certain extent to doubt the project. Know if the project is really viable in the long or short term. for now its only support is its white paper. There is a lack of information for Western investors.