electrify network
Information by Research TrustFinance
Founded in Singapore in 2017, Electrify is a technology company that developed Asia's first retail electricity marketplace, Electrify.Asia. Its mission is to decentralize and liberalize the energy market by creating a P2P trading ecosystem built on the blockchain. The platform aims to connect energy producers (from large power plants to small-scale solar panel owners) directly with consumers, promoting transparency, efficiency, and the adoption of renewable energy. The ecosystem is powered by their native utility token, ELEC, which was distributed through an Initial Coin Offering (ICO) in early 2018.
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