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Author Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!!  (Read 135481 times)
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GoodLuck2
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June 23, 2017, 08:23:18 PM
 #821

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
The pass is for all of those people who have subscribed to the mails of subcontract project. If your friend want to have it then he have to go to their website and have to subscribe for the mails and when he get the mail then go as they guide you.
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Vikingr
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June 23, 2017, 08:40:35 PM
 #822

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
The pass is for all of those people who have subscribed to the mails of subcontract project. If your friend want to have it then he have to go to their website and have to subscribe for the mails and when he get the mail then go as they guide you.
Yes you are right this pass which the team has announced is not only for the promoters but it is available for everyone who have subscribed to them they will get the mail for the details to give the ethereum address. But I do not know that it is still available for more people who will subscribe now? I want to know about it.

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June 23, 2017, 09:03:39 PM
 #823

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
The pass is for all of those people who have subscribed to the mails of subcontract project. If your friend want to have it then he have to go to their website and have to subscribe for the mails and when he get the mail then go as they guide you.
Yes you are right this pass which the team has announced is not only for the promoters but it is available for everyone who have subscribed to them they will get the mail for the details to give the ethereum address. But I do not know that it is still available for more people who will subscribe now? I want to know about it.
They have sent the details that how you will provide the ethereum address in the mails so anyone can participate in this stage of the sale if they will know about the procedure and will provide them the address. I think the team have to provide the procedure at here on this forum so that all of the people will know about it and they will find it convenient.
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June 23, 2017, 10:15:55 PM
 #824

It is hard to say how much ETH will we raise. It depends on how community will see us. We do not want to be greedy like some other ICOs lately so we made a roadmap in a way that would benefit contributors as much as possible. That is why it is formed in a way that if we raise maximum cap we will go aggressively to the market. So that actually max. cap means it would still be in best interest of all you. And bear in mind, team is keeping only 20% of supply for itself, not like some others.
We understand that it is hard to calculate how much the project is going to collect,but sure it is a auspicious project,how much success it will be as a project depends upon how much work you can put together as a team,you might be able to attract more investors into this project but the real work takes a long time to become a reality,correct me if i am wrong,there is a clear road map on how the funds collected will be allocated unlike most of the projects .
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June 23, 2017, 10:22:35 PM
 #825

It is hard to say how much ETH will we raise. It depends on how community will see us. We do not want to be greedy like some other ICOs lately so we made a roadmap in a way that would benefit contributors as much as possible. That is why it is formed in a way that if we raise maximum cap we will go aggressively to the market. So that actually max. cap means it would still be in best interest of all you. And bear in mind, team is keeping only 20% of supply for itself, not like some others.
We understand that it is hard to calculate how much the project is going to collect,but sure it is a auspicious project,how much success it will be as a project depends upon how much work you can put together as a team,you might be able to attract more investors into this project but the real work takes a long time to become a reality,correct me if i am wrong,there is a clear road map on how the funds collected will be allocated unlike most of the projects .
The bigger benefit often come from the advertising for any business or project and we can see that suncontract have been advertising effective all over the forum which is making them more famous in the crypto community. They have to continue to advertise till the end of the ICO to remain in the sight of the public to attract them.

BarbieCasino
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June 23, 2017, 10:31:11 PM
 #826

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!
If there are some people who have not subscribed to your mailing system what will be the procedure for them? I have not subscribed on the site because I mostly remain alert here and that is why I have not received your mail. Can you tell me that how to get the priority pass for to participate in the ICO from now?

BarbieCasino                  ▄▄▄       ▐▄
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June 23, 2017, 10:35:43 PM
 #827

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
M
No pass is not for the participants of signature campaign alone but along with them it is also for everyone. Everyone can buy the pass from now. They need to send their ethereum wallet address to the developers of suncontract team to get participated.

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Gameroid
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June 23, 2017, 10:40:51 PM
 #828

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
The pass is for all of those people who have subscribed to the mails of subcontract project. If your friend want to have it then he have to go to their website and have to subscribe for the mails and when he get the mail then go as they guide you.
Yes you are right this pass which the team has announced is not only for the promoters but it is available for everyone who have subscribed to them they will get the mail for the details to give the ethereum address. But I do not know that it is still available for more people who will subscribe now? I want to know about it.
They have sent the details that how you will provide the ethereum address in the mails so anyone can participate in this stage of the sale if they will know about the procedure and will provide them the address. I think the team have to provide the procedure at here on this forum so that all of the people will know about it and they will find it convenient.
yes that is right that they have turned everything so clear and there nothing as confusing, i think the op need to study the tread  in detail or the instruction that are posted here. everyone have the opportunity to get the pass. need to provide necessary information.
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June 23, 2017, 10:48:41 PM
 #829

Hi all,

We sent out instructions for Priority Pass where we ask you to tell us your Ethereum address from where you will contribute ETH. We will put those addresses to Smart Contract. Only those addresses added to the Smart Contract will be able to contribute through Priority Pass, others will have to wait until Token Sale. If someone did not get this email, please check first Spam or Promotion (on Gmail). If you still did not get it then ask @mgabor to check if you are in our mailing list. But please first make sure you really did not get email.

Thank you all for great support!

Thanks for this great information. One of my brother didn't get the email, but when i told him to look for the spam, he found the email at the junk folder. I think we can make it to the safe sender list to get the further emails directly in inbox (for Gmail Users only).
I am looking forward for this priority pass a good feature to contribute the ETH.
is the pass is for those people who are member here in this signature campaign? and what about the other people who want to participate. as my friend is also interested to join the ICO, are they going to wait for the toke. and they cannot get the preyority pass?
M
No pass is not for the participants of signature campaign alone but along with them it is also for everyone. Everyone can buy the pass from now. They need to send their ethereum wallet address to the developers of suncontract team to get participated.
yes that is right that not only the participant of the signature campaign of sun contract but all the people who are interested in this ICO can get th pass. they should sent their Etherium address to the management and  through this they can become a part of the coming ICO of suncontract. i think still people have good opportunity to do investment here and get good profit.
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June 23, 2017, 11:17:16 PM
 #830

Thank you everyone for your tremendous support. Today we will send an email to everyone that subscribed to our mailing list information on how to get on Priority Pass.
That's our pleasure. If project is promising and strong, it will attract positive vibes only. SunContract is visionary project as it is going to bring blockchain to real use.
By the way, thank you very much for PP info. 
it is true a very good project and a great ICO is coming and people are waiting for it, and i think most of the people who are interested here to invest their money have already make ready their Etherium wallet and hope that a record investment will  here in this project.
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June 23, 2017, 11:24:16 PM
 #831

Thank you everyone for your tremendous support. Today we will send an email to everyone that subscribed to our mailing list information on how to get on Priority Pass.
That's our pleasure. If project is promising and strong, it will attract positive vibes only. SunContract is visionary project as it is going to bring blockchain to real use.
By the way, thank you very much for PP info. 
it is true a very good project and a great ICO is coming and people are waiting for it, and i think most of the people who are interested here to invest their money have already make ready their Etherium wallet and hope that a record investment will  here in this project.
I am also sure that it will make another record in the history of crowdfunding for the project. I hope that they will get beyond the mobilego crowdfunding which is considered as a most higher crowdfunding. ON this thread one of the member mentioned that they have start an effective advertising campaign like signature campaign and because of it they are getting more views and supporters. I think they are right as the more a business advertise the more it get the success.
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June 23, 2017, 11:31:35 PM
 #832

Guys only 4 more days for the ICO. Somehow I convinced my partner to invest in this ICO and  is planning to buy ether from poloniex. My partner did a thorough research about the project before giving me green signal. Usually my partner wont listen my words after being scammed by hashocean cloud mining. It has a great potential since its related to green energy and definitely it will be hugh success.
Some scam comes to scam the people and after that these people do not believe on any other coins but that is not correct to rely on that one experience for any future step. There are many projects which are legit and which are giving much profit to the people. This project is also a very legit project. If someone will not invest in it then he will regret in the future.
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June 23, 2017, 11:33:02 PM
 #833

Thank you everyone for your tremendous support. Today we will send an email to everyone that subscribed to our mailing list information on how to get on Priority Pass.
That's our pleasure. If project is promising and strong, it will attract positive vibes only. SunContract is visionary project as it is going to bring blockchain to real use.
By the way, thank you very much for PP info. 
it is true a very good project and a great ICO is coming and people are waiting for it, and i think most of the people who are interested here to invest their money have already make ready their Etherium wallet and hope that a record investment will  here in this project.
I am also sure that it will make another record in the history of crowdfunding for the project. I hope that they will get beyond the mobilego crowdfunding which is considered as a most higher crowdfunding. ON this thread one of the member mentioned that they have start an effective advertising campaign like signature campaign and because of it they are getting more views and supporters. I think they are right as the more a business advertise the more it get the success.
that is what we are hopping so, and may that is also the reason that people are so waiting for the ICO to start, in fact they may have realize the importance of that ICO from where they have good opportunity to make profit, Good luck for the ICO.
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June 23, 2017, 11:45:25 PM
 #834

Guys only 4 more days for the ICO. Somehow I convinced my partner to invest in this ICO and  is planning to buy ether from poloniex. My partner did a thorough research about the project before giving me green signal. Usually my partner wont listen my words after being scammed by hashocean cloud mining. It has a great potential since its related to green energy and definitely it will be hugh success.
Some scam comes to scam the people and after that these people do not believe on any other coins but that is not correct to rely on that one experience for any future step. There are many projects which are legit and which are giving much profit to the people. This project is also a very legit project. If someone will not invest in it then he will regret in the future.
correct, some time people when people become scam then become fid up and then do want to try another, place I think we need to study the altcoin or the ICO where we want to invest our money and through this way we can keep ourselves from being scam. to me if a person still interested he should study the suncontract and then try to invest some money here.
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June 23, 2017, 11:47:21 PM
 #835

This project appears in a good moment.
When the world is in an energy crisis.
This is the solution for now.
Is there a bounty?

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
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June 23, 2017, 11:53:06 PM
 #836

Here is a post I made on another similar project. Decentralization on the grid will never work for the following reason. Some of the facts could be beyond the scope for the project, but most of them apply.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community / local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.
guoyu78
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June 23, 2017, 11:56:02 PM
 #837

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.

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.
yeah solar energy is important nowadays and sun contract is very great project for us and i am sure that a lot of people are very much interest in this project and it seems that maximum people want to be participate in sun contract.

......
.L I V E C O I N . N E T.
.
..PROFITBOX..
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.....
whizter
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June 23, 2017, 11:58:25 PM
 #838

Here is a post I made on another similar project. Decentralization on the grid will never work for the following reason. Some of the facts could be beyond the scope for the project, but most of them apply.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community / local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.
i do not think that there is anything illegal here, i am sure that people are interested here and therefore the project will be a successful one and hope that it will give a good profit to the investors.

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.The Future of Equity on The Blockchain.
jpoker272727
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June 24, 2017, 12:45:12 AM
 #839

Guys will there be only ETH option to participatei n ICO or there will be also other options?

Other ICOs that I participated before accepted many different ways of payment to make it easy for the users, payments like bitcoin and bank transfers.

Thank you...

Quote

.ATRONOCOM.





BUILT FOR YOU
ANDYOUR CRYPTO
LIFESTYLE

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..JOIN CROWDSALE..

ATRONOCOM is currently conducting
an investor SAFT - crowdsale to support
the launch of the platform and accelerate
dev. of its decentralized app. ecosystem.
paul00
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June 24, 2017, 02:37:07 AM
 #840

Here is a post I made on another similar project. Decentralization on the grid will never work for the following reason. Some of the facts could be beyond the scope for the project, but most of them apply.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community / local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.
i do not think that there is anything illegal here, i am sure that people are interested here and therefore the project will be a successful one and hope that it will give a good profit to the investors.
We all know yahoo will never promote or manage a campaign that is illegal so I'm sure this project has a great intentions for the investors. So I'll be waiting for this Update:The TokenSale event (ICO) will start on June 28th 2017 at 3 pm UTC
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