[ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!!

[SunContract]

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)?

in most countries, the provider for the electrical grid has already everything in place for the single user to contribute to the grid! and they buy your excess energy and use it to supplement your nearby users as they will direct your sold energy to where it is needed! its a small contract with great benefits and changes from one region to another and  from country to country but almost all are on the same level of things ...

Exactly like that. Grid operator takes care of electricity when it comes to the network. System will not be very different from how now works but we will just eliminate retailers margins and make it way more cost efficient

So the smart contract is between e.g. me and the national grid only, not between me and another person in the next town?

If someone in the next town wants to setup a smart contract with me, i will surely need the national grid to co-operate (channeling my electricity to their house)?

Electrical grids do not work in that way. You will always need to use national grid, only if you do not connect yourself with someone next to you. Other things would be just too expensive. Smart contract will be between you and a buyer. Everything else will be taken care of by platform

It seems i wasnt the only One not aware of this fact, many people dont know how electricity grid really works, maybe we should make a detailed video to explain It and how suncontract will interact with it

Yes we see that. Sometimes you are to long in a system so you forget that it is quite hard to understand those things. We will write a explanation blog post and try also with video presentations.

[1714006786]

1714006786

[ukloon]

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)?

in most countries, the provider for the electrical grid has already everything in place for the single user to contribute to the grid! and they buy your excess energy and use it to supplement your nearby users as they will direct your sold energy to where it is needed! its a small contract with great benefits and changes from one region to another and  from country to country but almost all are on the same level of things ...

Exactly like that. Grid operator takes care of electricity when it comes to the network. System will not be very different from how now works but we will just eliminate retailers margins and make it way more cost efficient

So the smart contract is between e.g. me and the national grid only, not between me and another person in the next town?

If someone in the next town wants to setup a smart contract with me, i will surely need the national grid to co-operate (channeling my electricity to their house)?

Electrical grids do not work in that way. You will always need to use national grid, only if you do not connect yourself with someone next to you. Other things would be just too expensive. Smart contract will be between you and a buyer. Everything else will be taken care of by platform

It seems i wasnt the only One not aware of this fact, many people dont know how electricity grid really works, maybe we should make a detailed video to explain It and how suncontract will interact with it

Yes we see that. Sometimes you are to long in a system so you forget that it is quite hard to understand those things. We will write a explanation blog post and try also with video presentations.

An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.

I would expect that we need an agreement with the grid to transport our extra electricity to the buyer once the smart contract is done. How else to we move the electricity to them as they are paying us for the extra power, not the grid?

[hrbt]

I'm sure this projects can definitely compete with many other projects, let alone supported by a manager who has proven his performance .. this is awesome for me.
Hopefully the existing projects continue to push a successfull till future.

Project feels like



 

to the mooon =) we have preppared our ETH bo jump on ICO at 28.June!

respect! 

[Master mind]

[TimeTeller]

National grid will still distribute energy (this might not be the case in local communities). But platform will provide you an opportunity to buy electricity directly from producer. As you would buy flour directly from miller instead from Tesco/Aldi/etc

That's a very simple logic on how you look at this project. So people here can visualize how SunContract plays a role in the distribution of energy.
But for others who can't imagine how this works, a video might assist them to further understand the importance of SunContract.

So, you're hoping that National Grid will adopt this? Those are some pretty big plans.
Otherwise, if your power came form National Grid then you can't choose who it came from or even know who it came from. In order to have a decentralized exchange of power you'd need your own network with this software.

I believe that the team already considered such future bottlenecks and already have plans how to attack them.

There are certain goal for reduction of carbon footprint and the only way to meet those is to accept anyone to the grid that is willing to produce green energy. And where energy sector is liberalized grid operator has to accept everyone

Though there are other projects focusing on renewable energies, I hope that SunContract will pull it off & make this one big and flourishing.

[apoorvlathey]

That's a very simple logic on how you look at this project. So people here can visualize how SunContract plays a role in the distribution of energy.
But for others who can't imagine how this works, a video might assist them to further understand the importance of SunContract.
---

An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.

The video was always there to introduce suncontract to new users. Here is  the link : https://www.youtube.com/watch?v=hk40TibbfQc
It was on the OP !

And their blog is : http://blog.suncontract.org/

[s31joemhar]

Dear Dev,
i wanna invest some money to your good project but i don't know how do i invest this project. could you please help me with guideline.
advance thanking you

Romeo

me too I will invest some money on this project because I think this project will be
boom the trading industries and will be profitable some day for more info read the info
on the top, you will know when the token will be released and for more updates,
save your money now and invest on this project to have a good future someday

[TastyChillySauce00]

Is it going to be on exchange after ICO finished?

it will depends on the exchanges if they will list SNC on their exchange, if SNC team are willing to pay for their coins to be listed, i think in 1 week time we will see SNC tokens in exchanges

I think this movement is obvious. The token will eventually be listed in various exchange and there's nothing to worry about it, as I've seen from the history of crowdfunding in this forum, there's none of them which could gather funds are ignored by the exchange, both will have their communication on that matter, so calm down guys.

[SunContract]

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)?

in most countries, the provider for the electrical grid has already everything in place for the single user to contribute to the grid! and they buy your excess energy and use it to supplement your nearby users as they will direct your sold energy to where it is needed! its a small contract with great benefits and changes from one region to another and  from country to country but almost all are on the same level of things ...

Exactly like that. Grid operator takes care of electricity when it comes to the network. System will not be very different from how now works but we will just eliminate retailers margins and make it way more cost efficient

So the smart contract is between e.g. me and the national grid only, not between me and another person in the next town?

If someone in the next town wants to setup a smart contract with me, i will surely need the national grid to co-operate (channeling my electricity to their house)?

Electrical grids do not work in that way. You will always need to use national grid, only if you do not connect yourself with someone next to you. Other things would be just too expensive. Smart contract will be between you and a buyer. Everything else will be taken care of by platform

It seems i wasnt the only One not aware of this fact, many people dont know how electricity grid really works, maybe we should make a detailed video to explain It and how suncontract will interact with it

Yes we see that. Sometimes you are to long in a system so you forget that it is quite hard to understand those things. We will write a explanation blog post and try also with video presentations.

An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.

I would expect that we need an agreement with the grid to transport our extra electricity to the buyer once the smart contract is done. How else to we move the electricity to them as they are paying us for the extra power, not the grid?

Grid fees will still needs to be paid if you will use it. Maybe you could avoid that in local community though. So nobody is paying for extra power, you will just pay to the best seller as is the case when buying an internet provider or telephone service.

Dear Dev,
i wanna invest some money to your good project but i don't know how do i invest this project. could you please help me with guideline.
advance thanking you

Romeo

me too I will invest some money on this project because I think this project will be
boom the trading industries and will be profitable some day for more info read the info
on the top, you will know when the token will be released and for more updates,
save your money now and invest on this project to have a good future someday

Make sure to subscribe to our mailing list on our web site. We will send ICO and Priority pass (Pre-ICO) information only through mailing list.

[zupdawg]

Is it going to be on exchange after ICO finished?

it will depends on the exchanges if they will list SNC on their exchange, if SNC team are willing to pay for their coins to be listed, i think in 1 week time we will see SNC tokens in exchanges

I think this movement is obvious. The token will eventually be listed in various exchange and there's nothing to worry about it, as I've seen from the history of crowdfunding in this forum, there's none of them which could gather funds are ignored by the exchange, both will have their communication on that matter, so calm down guys.

correct, most of the time exchanges will race on which of them can list the coin after the release so they can get the trading fees first than others LOL

hopefully it will be a big exchange and not those with low volumes

[TimeTeller]

That's a very simple logic on how you look at this project. So people here can visualize how SunContract plays a role in the distribution of energy.
But for others who can't imagine how this works, a video might assist them to further understand the importance of SunContract.
---

An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.

The video was always there to introduce suncontract to new users. Here is  the link : https://www.youtube.com/watch?v=hk40TibbfQc
It was on the OP !

And their blog is : http://blog.suncontract.org/

Yes, the short video is already out there but it's just an introduction.
You can't see where is the National Grid in the loop. It's just the Producer -SunContract - Consumer.
So for those who are wondering, where is the National Grid in the picture, even if it's obvious that SunContract will do the direct collab with them or they can be out of the picture in some cases? Still, it should be clear to the users.
So I believe, the team can still provide much detailed video regarding this project. Some info are already in the whitepaper but the role of National Grid is not emphasized or maybe a complete flow chart will explain that. In what instances they (National Grid) are not participating in? Because there are some places that will not allow the direct negotiation with the consumers.

[SunContract]

Is it going to be on exchange after ICO finished?

it will depends on the exchanges if they will list SNC on their exchange, if SNC team are willing to pay for their coins to be listed, i think in 1 week time we will see SNC tokens in exchanges

I think this movement is obvious. The token will eventually be listed in various exchange and there's nothing to worry about it, as I've seen from the history of crowdfunding in this forum, there's none of them which could gather funds are ignored by the exchange, both will have their communication on that matter, so calm down guys.

correct, most of the time exchanges will race on which of them can list the coin after the release so they can get the trading fees first than others LOL

hopefully it will be a big exchange and not those with low volumes

We can confirm that we are speaking with few biggest exchanges already

That's a very simple logic on how you look at this project. So people here can visualize how SunContract plays a role in the distribution of energy.
But for others who can't imagine how this works, a video might assist them to further understand the importance of SunContract.
---

An explanation blog/video would be useful. We know how smart contracts work, but it's the delivery of the electricity through the grid to the buyer that is hard to understand.

The video was always there to introduce suncontract to new users. Here is  the link : https://www.youtube.com/watch?v=hk40TibbfQc
It was on the OP !

And their blog is : http://blog.suncontract.org/

Yes, the short video is already out there but it's just an introduction.
You can't see where is the National Grid in the loop. It's just the Producer -SunContract - Consumer.
So for those who are wondering, where is the National Grid in the picture, even if it's obvious that SunContract will do the direct collab with them or they can be out of the picture in some cases? Still, it should be clear to the users.
So I believe, the team can still provide much detailed video regarding this project. Some info are already in the whitepaper but the role of National Grid is not emphasized or maybe a complete flow chart will explain that. In what instances they (National Grid) are not participating in? Because there are some places that will not allow the direct negotiation with the consumers.

Liberalized networks will be our priority and there we shouldnt have so much trouble. We will also have a lot of funds reserved for legal issues

[Kaznachej123]

SunContract ICO added - ICOTRACKER.NET https://icotracker.net/project/suncontract  https://twitter.com/Kaznachej123/status/877122584051163136

                     

[goldenman85]

Some people needs to learn how the energy market is really working.
Very interesting new approach. Congrats to the makers of SNC!

I have a much more trivial question, are the 11.500 SNC written in European or US dezimal form. So is it "eleven-thausand-five-hundret" or "eleven" "dot" "five-hundret"?
Which makes a little big difference

Cheers!

[SunContract]

Some people needs to learn how the energy market is really working.
Very interesting new approach. Congrats to the makers of SNC!

I have a much more trivial question, are the 11.500 SNC written in European or US dezimal form. So is it "eleven-thausand-five-hundret" or "eleven" "dot" "five-hundret"?
Which makes a little big difference

Cheers!

Hehe nice observation. It is European standard, so we offer eleven-thausand-five-hundret SNC per 1 ETH.

[minime0105]

Is it going to be on exchange after ICO finished?

it will depends on the exchanges if they will list SNC on their exchange, if SNC team are willing to pay for their coins to be listed, i think in 1 week time we will see SNC tokens in exchanges

I think this movement is obvious. The token will eventually be listed in various exchange and there's nothing to worry about it, as I've seen from the history of crowdfunding in this forum, there's none of them which could gather funds are ignored by the exchange, both will have their communication on that matter, so calm down guys.

correct, most of the time exchanges will race on which of them can list the coin after the release so they can get the trading fees first than others LOL

hopefully it will be a big exchange and not those with low volumes

Worry about the exchanges later, That's why you will enter the ICO right to support the project from the start and wait for it to develop. That's why most of the ICOs now are being just like a ponzi scheme because of thinking like this, I think it will be better if you will just pick a project you will support and hold it until they deliver or the projects final product is already been made and running.

[JC btc]

Dear Dev,
i wanna invest some money to your good project but i don't know how do i invest this project. could you please help me with guideline.
advance thanking you

Romeo

me too I will invest some money on this project because I think this project will be
boom the trading industries and will be profitable some day for more info read the info
on the top, you will know when the token will be released and for more updates,
save your money now and invest on this project to have a good future someday

That was a good decision, we should be thankful enough that this has been discovered a good source and a very helpful for everyone, and in investors was a good investment as well. Buy as much as you can so you won't regret any in the future.

[aksay79]

Dear Dev,
i wanna invest some money to your good project but i don't know how do i invest this project. could you please help me with guideline.
advance thanking you

Romeo

me too I will invest some money on this project because I think this project will be
boom the trading industries and will be profitable some day for more info read the info
on the top, you will know when the token will be released and for more updates,
save your money now and invest on this project to have a good future someday

That was a good decision, we should be thankful enough that this has been discovered a good source and a very helpful for everyone, and in investors was a good investment as well. Buy as much as you can so you won't regret any in the future.

Good that you say, invest must be according to ability, do not push yourself, it will be bad, passion for insvertor

[fanji]

Dear Dev,
i wanna invest some money to your good project but i don't know how do i invest this project. could you please help me with guideline.
advance thanking you

Romeo

me too I will invest some money on this project because I think this project will be
boom the trading industries and will be profitable some day for more info read the info
on the top, you will know when the token will be released and for more updates,
save your money now and invest on this project to have a good future someday

That was a good decision, we should be thankful enough that this has been discovered a good source and a very helpful for everyone, and in investors was a good investment as well. Buy as much as you can so you won't regret any in the future.

Good that you say, invest must be according to ability, do not push yourself, it will be bad, passion for insvertor

We'd better wait for news from dev, when to invest Suncontract project. If you are interested in this project Now better keep your funds to a safe place. I also want to spend money on this project. But for now ICO is not available place to invest

[ukloon]

Yes, the short video is already out there but it's just an introduction.
You can't see where is the National Grid in the loop. It's just the Producer -SunContract - Consumer.
So for those who are wondering, where is the National Grid in the picture, even if it's obvious that SunContract will do the direct collab with them or they can be out of the picture in some cases? Still, it should be clear to the users.
So I believe, the team can still provide much detailed video regarding this project. Some info are already in the whitepaper but the role of National Grid is not emphasized or maybe a complete flow chart will explain that. In what instances they (National Grid) are not participating in? Because there are some places that will not allow the direct negotiation with the consumers.

This is exactly what we need. The video or blog doesn't mention the role of the national grid, if they refuse to get involved in smart contracts then how do we use suncontract?

If the national grid prefer to use resellers and real money then suncontracts can't be used? I like the idea, but it seems to rely heavily on the cooperation of the national grids to succeed.