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Author Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!!  (Read 135465 times)
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Aura689
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June 18, 2017, 03:03:13 AM
 #661

India is a booming market for renewable energy, many wind farms and solar grids. Now this question might sound utterly stupid, in India renewable industry comes under Ministry of New and Renewable Energy, means the government should be on one end of the contract as a supplier, right. And if that country has not legalised BTC or ETH, that would be tricky.
This is exactly what i mentioned earlier in this thread,there will be legal issues and many paper works to be done to make this project a reality and it might take a longer time for everything to settle down because it is not that easy to get the paper works done pretty fast particularly if a government is involved,legalization of bitcoin or ETH is another chapter.
I think the government will not be a bigger problem for that project because they are using this system as a way to collect funds for the project and the token is working as the shares of the investors which I think is legal for any government.

I think is there has no problem with token or shares. the energy market is very sensitive. In many countries, you have big taxes through which the state controls GDP, and they do not like a lot of innovations in this sphere especially with the decentralised market. Project like SunContract is for future, and i think 3-5 years is minimum to become applicable
to me in my country there is intense need of this project. because we have too much electricity shortage and specially in summer when the temperature raise to 45+ C. the situation become more complete because of the increasing demand of electricity. i am sure that this project will be on top in my country.
We hope that this project get a bigger success and this project reach to every needy country of he world for electricity. In the start I think they are limited to a few countries and then they will reach to other countries up to which I know but right now we can get the profit by participating in their crowdfunding.
Yes it really need to invest in their ICO because if we will participate more in this project then this project will become more stronger financially and if they will become more stronger financially then we hope that this project will give benefit to more part of the world.
I hope that this project will get their success and it is sure that this is provided for all of the world. We will get the benefit from it by two ways one by investing in this project by buying their tokens and the other benefit is that this project will reach to our country to benefit us with that technology.
I agree with you, I am studying about this project from a longer time and after reading about the planning of the developers and after reading about the response of the people to this project it convinced me to take part in this project and now I am confident that this project will bring a good fortune for my finance.
Not only India is the target market but other developed countries as well. Have you seen the floating solar farm of China? Which produces more than the floating Solar Farm in London. Many countries are shifting to renewable energy because they know it is better than fossil and coal energy, that is why in the long term it can be promising for this project.

That floating solar power plant is an absolute wonder.


I agree, solar has to be adopted more widely and by more
And more countries. I think the price of the hardware is
Reducing and the cost of using fossil fuels is rising.
i really hope that this sun contracts project is gaining more
and more attention.

Right, I also agree sir. The more countries that want to use solar power, the better. And SunConract as a pioneer.
With the use of hardware can minimize the price for energy sources and fossil fuels can be used to a minimum as well. Because the longer the fossil fuel is running low.

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June 18, 2017, 03:08:40 AM
 #662

India is a booming market for renewable energy, many wind farms and solar grids. Now this question might sound utterly stupid, in India renewable industry comes under Ministry of New and Renewable Energy, means the government should be on one end of the contract as a supplier, right. And if that country has not legalised BTC or ETH, that would be tricky.
This is exactly what i mentioned earlier in this thread,there will be legal issues and many paper works to be done to make this project a reality and it might take a longer time for everything to settle down because it is not that easy to get the paper works done pretty fast particularly if a government is involved,legalization of bitcoin or ETH is another chapter.
I think the government will not be a bigger problem for that project because they are using this system as a way to collect funds for the project and the token is working as the shares of the investors which I think is legal for any government.

I think is there has no problem with token or shares. the energy market is very sensitive. In many countries, you have big taxes through which the state controls GDP, and they do not like a lot of innovations in this sphere especially with the decentralised market. Project like SunContract is for future, and i think 3-5 years is minimum to become applicable
to me in my country there is intense need of this project. because we have too much electricity shortage and specially in summer when the temperature raise to 45+ C. the situation become more complete because of the increasing demand of electricity. i am sure that this project will be on top in my country.
We hope that this project get a bigger success and this project reach to every needy country of he world for electricity. In the start I think they are limited to a few countries and then they will reach to other countries up to which I know but right now we can get the profit by participating in their crowdfunding.
Yes it really need to invest in their ICO because if we will participate more in this project then this project will become more stronger financially and if they will become more stronger financially then we hope that this project will give benefit to more part of the world.
I hope that this project will get their success and it is sure that this is provided for all of the world. We will get the benefit from it by two ways one by investing in this project by buying their tokens and the other benefit is that this project will reach to our country to benefit us with that technology.
I agree with you, I am studying about this project from a longer time and after reading about the planning of the developers and after reading about the response of the people to this project it convinced me to take part in this project and now I am confident that this project will bring a good fortune for my finance.
Not only India is the target market but other developed countries as well. Have you seen the floating solar farm of China? Which produces more than the floating Solar Farm in London. Many countries are shifting to renewable energy because they know it is better than fossil and coal energy, that is why in the long term it can be promising for this project.

That floating solar power plant is an absolute wonder.


I agree, solar has to be adopted more widely and by more
And more countries. I think the price of the hardware is
Reducing and the cost of using fossil fuels is rising.
i really hope that this sun contracts project is gaining more
and more attention.


It's amazing, why are we still making war over energy when we just have to gather sun energy ? It's more than easy nowadays, and soon it will cost less than any other energy form.

And contrary to the other energies, there is absolutely no limit to the energy of the sun, we have some time before our sun dies.
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June 18, 2017, 04:42:00 AM
 #663

Suncontract projects provide opportunities with the potential to reward all participants; Consumers are rewarded with lower costs and cleaner energy, while manufacturers are better compensated for the electricity they generate. Join now with suncontrac ..
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June 18, 2017, 08:44:15 AM
 #664

How many tokens are available for ICO?
Sniper150
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June 18, 2017, 09:07:21 AM
 #665

Yes, idea is super, but where from we get transmission lines to send and to receive electricity?
And who audits  electricity measuring equipment?

Nice project, I think this project is well-planned. All requirements will provide to developed the said project. And I think that, if the project was developed systematically, It will become popular to producers, consumers, and prosumers. This project was very interesting for me as a student. It is all about energy. We all know that energy is important to humankind. I hope that this project was developed soon.

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June 18, 2017, 10:08:37 AM
 #666

I don't know much about energy business, but I just can't wait when era of cheap, safe and natural energy comes ( seems like never, lol ). We face many global challenges nowadays ( http://planetaryproject.com/global_problems/future/analytics/major-future-challenges/ ), and ecological one is one of the biggest.

Just two quotes from Fortune article that give a lot of perspective why solar is future already happening today

Quote
According to Bloomberg's analysis, the cost of solar power in China, India, Brazil and 55 other emerging market economies has dropped to about one third of its price in 2010. This means solar now pips wind as the cheapest form of renewable energy—but is also outperforming coal and gas.
...
Bloomberg reports that 2016 has seen remarkable falls in the price of electricity from solar sources, citing a $64 per megawatt-hour contract in India at the tart of the year, and a $29.10 per megawatt-hour deal struck in Chile in August—about 50% the price of electricity produced from coal.

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June 18, 2017, 10:12:16 AM
 #667

I agree right now there are many countries focusing on this solar energy but how far this can influence in different parts of the world. Not only by the Sun contract in future many companies will establish in this field. But my concern is what will be the starting price of the ICO.
Starting price of tokens can be found in first post:
Quote
First week (from June 28th to July 4th) 11.500 SNC per ETH;
Second week (from July 5th to July 11th) 11.000 SNC per ETH;
Third week (from July 12th to July 18th) 10.500 SNC per ETH;
Fourth week (from July 19th to July 25th) 10.000 SNC per ETH;

I review all info, whitepaper and updates.. this will be innovative huge project with bright future!
i just bought 29 ETH for join the ICO 28. june
06/16/2017 12:16:32 PM   
BUY
0.14200000   29.62803824   4.20718143
Preppared and ready  Grin
With all this upcoming ICOs i think it is good idea. I wonder if they are going to accept bitcoin payments or just ether.

We will only accept Ether due to Smart Contract. We decided for max. transparency and only smart contract can give us that.

A bit before i join the signature i were searching for solar panel and well they are very expensive, the investment i would make today would return to me in around 7-10 years from now, and im not sure if the energy produced would be enought, but the this project has all to became a sucess, does your team already decided witch countries will be the first to get this service?

On our priority list are countries with liberized energy market where we can freely Access energy grids. For other countries we will give a lot of funds to legal team to help us enter.

How many tokens are available for ICO?

Number of SNC tokens depends of number of ETH raised. 10,000ETH raised would create around 100,000,000 SNC, 100,000 ETH would mean around 1,000,000,000 SNC in circulation

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June 18, 2017, 10:28:17 AM
 #668

Hi team,

Could you explain a little bit the mechanics of the token?

As I understand it people will use it to buy/sell electricity. If the token's value increases then electricity cost will increase making it not cost-effective. If the price for electricity then adjusts for increased token price then why does the token go up in value?

supposedly 1 token = 1 kw/h = $10. if the token goes to $100 then 0.1 token = 1kw/h.

OK but why would the tokens increase in value exactly?
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June 18, 2017, 12:25:08 PM
 #669

A bit before i join the signature i were searching for solar panel and well they are very expensive, the investment i would make today would return to me in around 7-10 years from now, and im not sure if the energy produced would be enought, but the this project has all to became a sucess, does your team already decided witch countries will be the first to get this service?

The cost of solar has never been lower than it is right now.

https://understandsolar.com/cost-of-solar/
Wow its a great news for us and since they got the lower cost so it means that it is great time to invest and save money.
Just heart about this new project and had joined the team and was shocked about its greatness, I am so excited to be with this team with a great endeavour, longing to have a long term relationship with regards to investment as well.
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June 18, 2017, 01:19:38 PM
 #670

I agree right now there are many countries focusing on this solar energy but how far this can influence in different parts of the world. Not only by the Sun contract in future many companies will establish in this field. But my concern is what will be the starting price of the ICO.
Starting price of tokens can be found in first post:
Quote
First week (from June 28th to July 4th) 11.500 SNC per ETH;
Second week (from July 5th to July 11th) 11.000 SNC per ETH;
Third week (from July 12th to July 18th) 10.500 SNC per ETH;
Fourth week (from July 19th to July 25th) 10.000 SNC per ETH;

I review all info, whitepaper and updates.. this will be innovative huge project with bright future!
i just bought 29 ETH for join the ICO 28. june
06/16/2017 12:16:32 PM   
BUY
0.14200000   29.62803824   4.20718143
Preppared and ready  Grin
With all this upcoming ICOs i think it is good idea. I wonder if they are going to accept bitcoin payments or just ether.

We will only accept Ether due to Smart Contract. We decided for max. transparency and only smart contract can give us that.

A bit before i join the signature i were searching for solar panel and well they are very expensive, the investment i would make today would return to me in around 7-10 years from now, and im not sure if the energy produced would be enought, but the this project has all to became a sucess, does your team already decided witch countries will be the first to get this service?

On our priority list are countries with liberized energy market where we can freely Access energy grids. For other countries we will give a lot of funds to legal team to help us enter.

How many tokens are available for ICO?

Number of SNC tokens depends of number of ETH raised. 10,000ETH raised would create around 100,000,000 SNC, 100,000 ETH would mean around 1,000,000,000 SNC in circulation

So there is no hard cap for the ICO? What's your plan to use the money if you raise 100,000 ETH?
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June 18, 2017, 01:26:54 PM
 #671

Hi team,

Could you explain a little bit the mechanics of the token?

As I understand it people will use it to buy/sell electricity. If the token's value increases then electricity cost will increase making it not cost-effective. If the price for electricity then adjusts for increased token price then why does the token go up in value?

supposedly 1 token = 1 kw/h = $10. if the token goes to $100 then 0.1 token = 1kw/h.

OK but why would the tokens increase in value exactly?


Hi,

we are developing a mechanism that will prevent exactly that. We have a working concept but due to latest copying of our Whitepaper and everything else we will not reveal more then that until it is fully working because many similar projects are just simply trying to copy/paste our ideas.

Tokens will increase in value with the demand but mechanism will make sure price in local currency stays the same. This mechanism is rather simple sollution but will the its work  Cool

I agree right now there are many countries focusing on this solar energy but how far this can influence in different parts of the world. Not only by the Sun contract in future many companies will establish in this field. But my concern is what will be the starting price of the ICO.
Starting price of tokens can be found in first post:
Quote
First week (from June 28th to July 4th) 11.500 SNC per ETH;
Second week (from July 5th to July 11th) 11.000 SNC per ETH;
Third week (from July 12th to July 18th) 10.500 SNC per ETH;
Fourth week (from July 19th to July 25th) 10.000 SNC per ETH;

I review all info, whitepaper and updates.. this will be innovative huge project with bright future!
i just bought 29 ETH for join the ICO 28. june
06/16/2017 12:16:32 PM   
BUY
0.14200000   29.62803824   4.20718143
Preppared and ready  Grin
With all this upcoming ICOs i think it is good idea. I wonder if they are going to accept bitcoin payments or just ether.

We will only accept Ether due to Smart Contract. We decided for max. transparency and only smart contract can give us that.

A bit before i join the signature i were searching for solar panel and well they are very expensive, the investment i would make today would return to me in around 7-10 years from now, and im not sure if the energy produced would be enought, but the this project has all to became a sucess, does your team already decided witch countries will be the first to get this service?

On our priority list are countries with liberized energy market where we can freely Access energy grids. For other countries we will give a lot of funds to legal team to help us enter.

How many tokens are available for ICO?

Number of SNC tokens depends of number of ETH raised. 10,000ETH raised would create around 100,000,000 SNC, 100,000 ETH would mean around 1,000,000,000 SNC in circulation

So there is no hard cap for the ICO? What's your plan to use the money if you raise 100,000 ETH?


Yes there is hard cap, 100,000 ETH. So if we reach hard cap then that is where we will stop raising ETHs and creating tokens

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June 18, 2017, 01:42:12 PM
 #672

If you look at the function, of course this project will grow rapidly may in the not too long to attract investors to always invest in the development of this project, because the function of this project so good and full of innovation.

That is right, many investors must be really pleased with these service by Suncontract. I think it is really doing good because the Signature Campaign were extended and we all know what that means right? The project is a great success that the campaign will extend after the release.

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June 18, 2017, 01:53:35 PM
 #673

I have to say its difficult to complete such a complex system just by some contracts and blockchain.
In my opnion in this project,the key seems to be  the designs, the constructs,the maintains of the electricity pool instead of the blockchain and smart contract.
It seems you are stating your perspective with short of knowledge from management aspects. When a system will be managed through blockchain technology, it may grow to next level of due to cost effectiveness and protection against illegal manipulations kind of characteristics of blockchain technology. When a business is focusing on its fundamental things to go efficient, it will get more opportunities to earn better against its competitors.

I am sure suncontracts may bring industry revolution just due to adopting blockchain technology whereas its competitors may lack in that area.
Oh, brother, accusing others of a lack of management knowledge, this does not mean that a men really have management knowledge.
In addition, the world is not just about management, and for this project, some of the obvious technical problems must be addressed first, and then the management problem.

You will need to provide us more info about your concerns otherwise we cannot address your questions. Especially country and market you are refering. We have a legal team who is helping us resolving local issues and experienced team from energy sector.

But please do not mix our platform with total grid management.

Guys I love the project and the iniative so far, but I have to agree much more info is needed on certain parts of your plan instead of all the groupies here who are hyping without any arguments or relevant content whatsoever.

I have some serious questions about how the logistics of such an P2P energymarket would work.
To make it as tangible as possible, please answer 2 very simple questions:

1 I have excess energy for sale from my solar panels. How can I sell kw/h's ok the market?

2 I have bought kw/h's on the distributed market. How will they be 'delivered'/credited by my energy provider?

A simple answer reflecting your vision on these simple mechanics would greatly help to clear u the potential of what you hope to achieve here!


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June 18, 2017, 02:02:33 PM
 #674

If you look at the function, of course this project will grow rapidly may in the not too long to attract investors to always invest in the development of this project, because the function of this project so good and full of innovation.

That is right, many investors must be really pleased with these service by Suncontract. I think it is really doing good because the Signature Campaign were extended and we all know what that means right? The project is a great success that the campaign will extend after the release.

Although the signature campaign is extended  another month, the signature campaign prize is reduced, the yahoo reason reduces the signature campaign's reward due to the bitcoin price increase factor. I also hope that this ICO Suncontract Project will be as successful as other ICO Smiley
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June 18, 2017, 06:06:40 PM
 #675

I like concept.



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June 18, 2017, 06:37:43 PM
 #676

Great project and idea, will surely take part in ICO!

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hrbt
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June 18, 2017, 07:06:30 PM
 #677

Great project and idea, will surely take part in ICO!


if you are smart load up your ETH - there are many ico's and ETH price will go to the sky in 14 days
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June 18, 2017, 08:38:29 PM
 #678

Is it going to be on exchange after ICO finished?

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June 18, 2017, 09:10:07 PM
 #679

I don't know much about energy business, but I just can't wait when era of cheap, safe and natural energy comes ( seems like never, lol ). We face many global challenges nowadays ( http://planetaryproject.com/global_problems/future/analytics/major-future-challenges/ ), and ecological one is one of the biggest.
It will happen, the question is when. Solar energy production prices are decreasing rapidly and several countries are heavily investing in this technology.

If you are looking from personal edge, investment into self-sufficiency will control or hedge the costs of electricity. The part, where you are not self-sufficient, SunContract Platform can help to optimise the costs in this case.

I know not everybody have an opportunity to be self-sufficient, but surely has an interest to be more price optimised.

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June 18, 2017, 10:34:27 PM
 #680

It is easy to sell extra electricity back to the national grid as we are already connected to it. But how do we give this extra electricity to the buyer after creating a contract?

Great idea, but struggling to see how the logistics will work - perhaps we need permission and setup payment to the national grid to setup a channel specifically from your home to the buyer (if they will even allow it)?

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