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Author Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!!  (Read 135688 times)
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June 24, 2017, 09:00:51 AM
 #841

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.

If you subscribe to our newsletter on webpage suncontract.org you will get invitation

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?

Hmm, check with our bounty manager. Twitter should be still opened.

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...

We will only accept ETH so we can do ICO through Smart Contract to make it transparent for all of you. Plus in ETH everyone will have same conditions because there will be no need to recalculate other currencies into SNC.

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June 24, 2017, 09:03:56 AM
 #842

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.

This guy is funny. Saying to someone SCAM without even bothering to rewrite one sentence. This post is complete COPY/PASTE. I wonder who hired him to spam around projects in Energy sector. Next time please try to adjust your post a bit so it is not complete COPY/PASTE from other thread that is doing different thing!

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June 24, 2017, 10:28:54 AM
 #843

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.
 [/b]

This is why some of use have been asking for clarity on how the national grid works with SNC. I also think they won't allow suncontracts to work through the grid unless they are given a cut to help with maintenance. These energy companies would surely prefer cash rather than SNC thereby complicating things further.

Can anyone offer clarity on exactly how the national grid will work with SunContract? This Q has been avoided and should be answered before the ICO. I'd like to invest but can't see it working without the national grid getting on board.

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June 24, 2017, 11:51:18 AM
 #844

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.

First question to your writing from us: From where are you? Different countries has different legislation and that is why we will allocate 10% of all raised money to legal matters.

1.   We never claimed that is a new idea. We just believe we are the first one that will be actually able to pull this off. Most of our team is coming from Energy sector and understands all details about how this market is working. We are trying to build energy-trading platform where producer will be able to directly sell production to final customers without the need of retailer who acts as a middleman.
Clearly you copied your this post from other thread and did not even bother to check out our idea. If you would do that then I’d see we are not trying to cut out national grid. National grid will still take care of distribution and customers will still need to pay for it. The only thing we will change is connecting two opposed sites together. Other aspects will stay as they are.
Why we asked you about from which country you are? Because different jurisdictions need different approach. In EU countries energy market is liberalized so governments cannot decide on how can use grid and who cannot. So again, please check our project before you call it a scam.

2.   We are developing mechanism that will neutralize volatility affect. Actually, our platform will be made in a way people without any knowledge of blockchain will still be able to use it in a traditional way. System behind platform will make it as easy as possible even to people that do not want to educate themselves about this new technology. And we strongly believe this is the right approach as we will reach all of the population.

3.   This is not true. In EU you can see there are many countries that are trying to build systems where production of electricity is localized. Take for example Germany. They are shutting down nuclear power plants and as well coal power plants and try to take advantage of solar and wind power. And those solar power units are built locally on private houses etc. We do not believe grid needs to be privatized to encourage investments into green technologies and Smart grids.

4.   Again, you are stating something that is not true. We will use existing meters and existing grid.

5.   Our entire project is NOT relying upon storage capacities and we did not state that anywhere. Maybe project stated that where you posted original post but we for sure do not thing storage would be relying point. We have solutions for energy shortages during the night and during bad weather. Keep in mind we will not use only solar power plants but also other renewables. We will also do hybrid system so we are not worried about that.

One last thing. At least we agree on something: blockchain and energy grids are great combination indeed. But here is a question to you: Why would one need to sell electricity to utility company which sole purpose is to buy cheap and sell expensive? Why would not this particular person rather take some of utility’s margin at keep it for itself and on the other end why would consumer buy electricity with high margin if end-price can be lower?

We are doing token sale because we are not big retailer company but are rather small and want to disrupt big players in energy sector. The same as Bitcoin did in financial sector.

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June 24, 2017, 03:12:50 PM
 #845

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.

Bro, you are funny. All I know for sure you will have SNC dice 😉

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June 24, 2017, 03:38:39 PM
 #846

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.
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June 24, 2017, 04:23:09 PM
 #847

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.
You like BTC but governments don't . So better prepare SNC dice,bro.

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June 24, 2017, 04:45:47 PM
 #848

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.
You like BTC but governments don't . So better prepare SNC dice,bro.

wtf are you talking about ?
Stop being a shill and sell yourself only because you are getting paid 10 cents for posting by some company.

Apply your brain and think why I am mentioning such things over here. I would in a utility company and am sure understand what they are trying to do more than you.
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June 24, 2017, 05:20:57 PM
 #849

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.
You like BTC but governments don't . So better prepare SNC dice,bro.

wtf are you talking about ?
Stop being a shill and sell yourself only because you are getting paid 10 cents for posting by some company.

Apply your brain and think why I am mentioning such things over here. I would in a utility company and am sure understand what they are trying to do more than you.

How much is this utility company paying you to spread unnecessary FUD?

You didnt even bother to look at the project and already said it is a failure. Great job, really tells a lot about your integrity here!

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June 24, 2017, 06:11:35 PM
 #850

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.


are you satoshi?  or nicola tesla? could u identify for which company do you work? are you using TOR?


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June 24, 2017, 06:27:29 PM
 #851

Lol, you guys who are posting only because you have their sig and want to protect your investment in it are crazy. I am not going to address anything anymore.

I don't mind how much you guys invest and lose,I was just putting the word out.
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June 24, 2017, 07:22:44 PM
 #852

Lol, you guys who are posting only because you have their sig and want to protect your investment in it are crazy. I am not going to address anything anymore.

I don't mind how much you guys invest and lose,I was just putting the word out.

respect for your writing but go fudd..to scam coins like doge...

is bitcoin scam? u know satoshi? is life scam?  amway? herbalife?

idea and future of suncontract is awesome that`s why i will invest.

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June 24, 2017, 08:56:14 PM
 #853

....


Like I mentioned in my own post a lot of things probably do not overlap but I wasn't going to spend time to cater my reply.

Utilities cannot be decentralized because of the grid infrastructure. Governments won't allow that.

Period.
You like BTC but governments don't . So better prepare SNC dice,bro.

wtf are you talking about ?
Stop being a shill and sell yourself only because you are getting paid 10 cents for posting by some company.

Apply your brain and think why I am mentioning such things over here. I would in a utility company and am sure understand what they are trying to do more than you.

Thank you for caring.

But I listened the same thing when the BTC was on start and Laszlo buy pizza with 10k coins.

Just my ten cents.

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June 24, 2017, 09:26:23 PM
 #854

Lol, you guys who are posting only because you have their sig and want to protect your investment in it are crazy. I am not going to address anything anymore.

I don't mind how much you guys invest and lose,I was just putting the word out.
Hey Steve,

Not all countries and jurisdictions are alike. Your argument that "the government won't allow this" simply makes no sense. We are certain that we can apply our model in many existing regulatory frameworks within different jurisdictions.

tokens.net
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June 25, 2017, 07:05:11 AM
 #855

Stay ahead and be at the forefront. Hopefully the project being stay goodly and more success. To be the best of others company. Prayer and support are always here from me Smiley

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apesconcert
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June 25, 2017, 07:05:42 AM
 #856

Lol, you guys who are posting only because you have their sig and want to protect your investment in it are crazy. I am not going to address anything anymore.

I don't mind how much you guys invest and lose,I was just putting the word out.

There are a lot of inaccuracies in your post. First of all, in a liberalized energy market, there would certainly be nothing illegal for offering a decentralised energy grid service. Secondly, you are missing the benefits which a blockchain energy pool would present. Lower costs, better efficiency, micropayments allowing real-time pay-as-you-consume bills, and full transparency on the rates offered by producers. Make no mistake - this is one of the most ambitious projects in crypto, and these guys are on the right track to achieve it.
SunContract
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June 25, 2017, 08:59:04 AM
 #857

Guys, just to remind you, today is the last day before our Priority Pass opening. If you want to get in before Wednesday you can subscribe for our newsletter from where we will send all information. If you do not get email then check SPAM or PROMOTION in your Inbox.

eauajiaj
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June 25, 2017, 09:40:33 AM
 #858

Energy market will be centralized and governments will have hands over it. Saying you are building new solarpowered crypto is joke and scam. You can do all trading through tokens like ether or bitcoin or similar, so there is no need for suncontract coin.

From your whitepaper: "The idea is to join together electrical power producers and consumers and enable them to trade electricity through the Pool". For sure you can do it through simple website, but how can you transfer energy through internet. First of all someone has to pay infrastructure which is essential for energy transfer. Don't tell me that you will pay infrastructure with suncontact coins, because this will be near impossible and compare suncontract to bitcoin is joke. Your whitepaper says that you will cut the middle man, but hey fellows, in energy business the government is the middle man, so I think you can't erase is from equation.


from you whitepaper page 15: "A crucial aspect in developing a Suncontract Energy Pool is a mobile app ." NO guys, that for sure not crucial. The crucial thing is INFRASTRUCTURE FOR ENERGY TRANSFER, not you mobile app.   Roll Eyes which a 20yeqar old guy can develop for thousand bucks.   

I'm doing crypto for 3 years now and i like to invest in ICOs which are detailed explained in more then 20 more-free-space-than-words pages.

rgornik
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June 25, 2017, 09:52:56 AM
 #859

Lol, you guys who are posting only because you have their sig and want to protect your investment in it are crazy. I am not going to address anything anymore.

I don't mind how much you guys invest and lose,I was just putting the word out.

If you do not agree with their idea that does not give you the right to call it a scam or that this is not going to work. You can express your concerns and stay away. If you are right then you are going to laugh at supporters but if you are not then you should admit your mistake. This campaign of yours is not what normal debate should look like that is why nobody is taking you siriously

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June 25, 2017, 10:00:18 AM
 #860

Energy market will be centralized and governments will have hands over it. Saying you are building new solarpowered crypto is joke and scam. You can do all trading through tokens like ether or bitcoin or similar, so there is no need for suncontract coin.

From your whitepaper: "The idea is to join together electrical power producers and consumers and enable them to trade electricity through the Pool". For sure you can do it through simple website, but how can you transfer energy through internet. First of all someone has to pay infrastructure which is essential for energy transfer. Don't tell me that you will pay infrastructure with suncontact coins, because this will be near impossible and compare suncontract to bitcoin is joke. Your whitepaper says that you will cut the middle man, but hey fellows, in energy business the government is the middle man, so I think you can't erase is from equation.


from you whitepaper page 15: "A crucial aspect in developing a Suncontract Energy Pool is a mobile app ." NO guys, that for sure not crucial. The crucial thing is INFRASTRUCTURE FOR ENERGY TRANSFER, not you mobile app.   Roll Eyes which a 20yeqar old guy can develop for thousand bucks.   

I'm doing crypto for 3 years now and i like to invest in ICOs which are detailed explained in more then 20 more-free-space-than-words pages.



Please try to investigate about project a bit before you make SCAM claims.

Clearly you do not know energy sector that well. EU energy sector is liberalised and be sure our legal team knows what is doing. There are a lot of jurisdictions that are prepared for that kind of energy trading. From which country are you coming from? We can take a look in it and see if this is possible there.

We never said that energy will be send through internet. How would that be even possible???

SunContract will use existing infrastructure. The only difference will be that blockchain will make it more efficient and automatized. A lot of traditional retailer's costs will be reduced due to blockchain efficiency. So yes, Mobile APP is one of the most important aspects because we want to bring energy trading into the hand of ordinary person.

If you want we can explain you more detailed our concept but please if you do not understand it do not claim we are scam. Some of our staff is working in energy sector for 20 years and more and it is really offensive towards their knowladge and experiences.

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