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

[ashuawei]

I am looking forward to your project, so I participated in all your activities, and hope to get a high profit

you can participate in there token sale. visit them here https://suncontract.org/

anyway, too bad they didnt have an bounty which is their tokens is the payment, rather they have it in btc payment. but they have a great project though, hoping it will be successful. im sure it will, you already raised 3000+ eth, i think your soft cap is 5k eth, am i right?

[1714030997]

1714030997

[1714030997]

1714030997

[1714030997]

1714030997

[1714030997]

1714030997

[pabloangello]

So what exactly one SunContract token represents and how it will gain in value in the future?

[Master mind]

Confussion about how Suncontract works

I can see the concern and confusion in people about one of the main things which is, how can someone transfer electricity from numerous suplyers to consumer through the one and only infrastructure that is allready in operation.
First I must say that I am a total non expert on this, but can say from first hand that it works in my house in Slovenia and in other countries in Europe too.
For example I used to be loyal to the same electricity supplyer for about 20 years. Then came to the market another one with lower prices of electricity and I just simply called them and told them that I would like to be their consummer from now on. They arranged all of the papers (made a contract with me, cancelled the old supplyer), and that was it!!!
Now i pay for electricity about 10% less and all I had to do was make one phone call to the new supplyer 😁. Yes as simple as that.
I do not know what are the arrangements between the ones who had build the infrastructure and all the companies that are using it,but it works very well.

And I agree with all of you that this explanation is one of the main things that is missing in Suncontract's whitepaper!!!
Allthou I see Suncontract as a BIG potential and allso have invested my ETH in it!
Thanks for all the effort and good luck to staff of Suncontract!

Regards

Well said I will buy moar.

[rkyass]

Hello, are translation bounties still available ??

[Homes]

As per below your website indicates a roadmap which directly correlates to the amount of ETH collected. It seems highly unlikely that you will reach your goal of 100K ETH... If let's say only 10K ETH is collected does that mean that goals 4,5,6,7 as per your roadmap will not be achieved and implemented due to the lack of funds?


0 – 5K ETH
1 - P2P Trading Platform

5K – 10K ETH
2 - Implementing the P2P Platform on a national level

10K – 25K ETH
3 - Commercializing the P2P Platform on an international level

25K – 40K ETH
4 - Flexibility market and demand response services

40K – 60K ETH
5 - Increasing the trading volume of P2P Platform with renewables and energy storage

60K – 70K ETH
6 - Increasing the market share, acqusitions and expansions

70K – 100K ETH
7 - Further grid services development

[lwayvo]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

[bandar]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.  

[gomei]

Hi,
If I understand correctly Consumers of electricity will still have to pay tax to company that owns the grid. What are benefits of this pool of producesrs and consumers. If I own sun power plant how Will I be able to connect to that pool. If I own an electric car or powerwall Will I be able to use it as a grid balancer. When it is sunny I charge it from the grid and when it is cloudy or night I sell the electricity stored in it. If one day all electricity is going to be produced by alternative energy sources some kind of grid balancerrs will be needed because wind doesn't always blow and sun is not always shining. I need more information. I think the idea is good but the whitepaper is just not detailed enough for me. I invested 4 ETH in ICO, I think your project is great.

Kind regards from Slovenia

Hi,
main benefit will be lower costs we will have because of blockchain. We will also have lower margins then retailers.

With time we will add new functionalities so eventually also your car could become balancer.

Solar and wind power will not be the only energy sources in the pool. We will use different resources too balance energy needs.

Regards back to you from Ljubljana

In my opinion, the government of many countries control this industry since it is very important to the safe of a country, how to overcome this problem in your project? 

[Btc_1856]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

Many New members kept talking about the supply of SuNcontract. Till now nobody raised this question about the supply but seems to be a huge supply. Maybe people get into with the supply and let's wait and see how people are going to believe in this.

[lwayvo]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.  

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

[crypto research]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

I think it is more simple and cheaper to send 10 SNC coin and transaction  fee is 0.0001 or 0.001 BTC coin and transaction fee is  0.0001. So bigger supply have some benefits.

[bandar]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.  

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

So?  Why the 'magic' $1?  Do you realize 1 ETH gets you 11500SNT?  1ETH is now approx. $280 which means 1 SNT in ICO is $0,02 (your two cents lol).  This means in order to get to $1 you need x50 prices.  

Let's say the supply was 100000000.  Then you would have gotten 1150SNT/ETH which is exactly the same thing.  SUPPLY DOESN'T MATTER.  It's basic maths...

edit: supply does matter when you have a huge amount of coins for example 420 billion.  When you have so much coins it's hard to get the price over 1 sats, then you have a problem.  Supply is also a problem when the stake/premine of the devs is too big

[lwayvo]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.  

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

So?  Why the 'magic' $1?  Do you realize 1 ETH gets you 11500SNT?  1ETH is now approx. $280 which means 1 SNT in ICO is $0,02 (your two cents lol).  This means in order to get to $1 you need x50 prices.  

Let's say the supply was 100000000.  Then you would have gotten 1150SNT/ETH which is exactly the same thing.  SUPPLY DOESN'T MATTER.  It's basic maths...

edit: supply does matter when you have a huge amount of coins for example 420 billion.  When you have so much coins it's hard to get the price over 1 sats, then you have a problem.  Supply is also a problem when the stake/premine of the devs is too big

Thanks for your insight.

The larger the coin supply is, the more time to reach a high profit. Your example of 100M supply with the same price is actually very different than 1B. With the same demand and the same enthusiasm from the community and investors, you will easily achieve a large profit with a 100M coin. Can't say the same for 1B, it's just too much.

11500 SNT with a 100M cap is very different from 11500 SNT with a 1B cap.

$1 isn't a magical number, it's just an example.

[hrbt]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested.  

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

So?  Why the 'magic' $1?  Do you realize 1 ETH gets you 11500SNT?  1ETH is now approx. $280 which means 1 SNT in ICO is $0,02 (your two cents lol).  This means in order to get to $1 you need x50 prices.  

Let's say the supply was 100000000.  Then you would have gotten 1150SNT/ETH which is exactly the same thing.  SUPPLY DOESN'T MATTER.  It's basic maths...

edit: supply does matter when you have a huge amount of coins for example 420 billion.  When you have so much coins it's hard to get the price over 1 sats, then you have a problem.  Supply is also a problem when the stake/premine of the devs is too big

Thanks for your insight.

The larger the coin supply is, the more time to reach a high profit. Your example of 100M supply with the same price is actually very different than 1B. With the same demand and the same enthusiasm from the community and investors, you will easily achieve a large profit with a 100M coin. Can't say the same for 1B, it's just too much.

11500 SNT with a 100M cap is very different from 11500 SNT with a 1B cap.

$1 isn't a magical number, it's just an example.

Product, idea, platform, awesome team...it could reach 2$ not just one  

[bandar]

11500 SNT with a 100M cap is very different from 11500 SNT with a 1B cap.

sigh... ofcourse it isn't, I never said it did.  IF you have a total supply which is 10 times less, then you'd receive 10 times less coins ofcourse...

1 billion is a lot but it's no example.

If you have a lower total supply then your price range could be like 1000-10000sats if you have a higher total supply, it will be more in the range of 10-100 sats.  BOTH have potential to grow huge.  There are other factors WAY more important for it to grow than total supply of coins.

real examples:

Ripple: 38 billion
XEM: 9 billion

Profits were huuuuuuuuuuuuge for early investors. Still the amount of coins is really huge too.  As I said: no correlation.

[Zylon]

sorry, but I still don't get it!
So how much will be the total supply
Is it right that it depends on how many ETH they will get due the ICO?

So for example if they get 50k ETH, the total supply will be
50k x 11k SNC = 550 million ?

[Gregor]

sorry, but I still don't get it!
So how much will be the total supply
Is it right that it depends on how many ETH they will get due the ICO?

So for example if they get 50k ETH, the total supply will be
50k x 11k SNC = 550 million ?

Yes, that's about right. 20% will be minted on top of that for bounties and team, so it's a little bit more.

[Zylon]

sorry, but I still don't get it!
So how much will be the total supply
Is it right that it depends on how many ETH they will get due the ICO?

So for example if they get 50k ETH, the total supply will be
50k x 11k SNC = 550 million ?

Yes, that's about right. 20% will be minted on top of that for bounties and team, so it's a little bit more.

So it is a little bit complicated
what would be better,
 a high supply so that the SNC team can reach all their goals or a low supply, because each token would be much more worth?

[Gregor]

sorry, but I still don't get it!
So how much will be the total supply
Is it right that it depends on how many ETH they will get due the ICO?

So for example if they get 50k ETH, the total supply will be
50k x 11k SNC = 550 million ?

Yes, that's about right. 20% will be minted on top of that for bounties and team, so it's a little bit more.

So it is a little bit complicated
what would be better,
 a high supply so that the SNC team can reach all their goals or a low supply, because each token would be much more worth?

It's quite simple - everything is explained in the Smart Contract (https://github.com/SunContract/SmartContracts) and Whitepaper. Supply doesn't matter in the end. More supply = lower price and more tokens, less supply = higher price and less tokens.

[tylerderden]

With 1 billion coins, it's gonna be hard to make good profits from this coin.
 
Any particular reason for such high supply?

The project is very interesting nonetheless and I am in.

The total supply has no correlation with the possible profit.  There are lots of coins that prove that.  The amount of investments is.  e.g. if you invested 1eth and there were 100000eth invested, in the case of huge succes your profit will be less than when just 1000eth were invested. 

We need a 1 billion marketcap for the coin to reach $1. I don't think this is very easy to achieve. Beyond $1 involves a 1B+ marketcap, something very hard to believe in the near future.

There are only 7 coins with over 1B marketcap, 8 if we count IOTA (keeps switching below and over).

So?  Why the 'magic' $1?  Do you realize 1 ETH gets you 11500SNT?  1ETH is now approx. $280 which means 1 SNT in ICO is $0,02 (your two cents lol).  This means in order to get to $1 you need x50 prices. 

Let's say the supply was 100000000.  Then you would have gotten 1150SNT/ETH which is exactly the same thing.  SUPPLY DOESN'T MATTER.  It's basic maths...

edit: supply does matter when you have a huge amount of coins for example 420 billion.  When you have so much coins it's hard to get the price over 1 sats, then you have a problem.  Supply is also a problem when the stake/premine of the devs is too big

Thanks for your insight.

The larger the coin supply is, the more time to reach a high profit. Your example of 100M supply with the same price is actually very different than 1B. With the same demand and the same enthusiasm from the community and investors, you will easily achieve a large profit with a 100M coin. Can't say the same for 1B, it's just too much.

11500 SNT with a 100M cap is very different from 11500 SNT with a 1B cap.

$1 isn't a magical number, it's just an example.

Product, idea, platform, awesome team...it could reach 2$ not just one  

What's the price per token now? I believe they are going to give dividends on the profit they make while selling electricity, or do they are going to do a buyback and burn kinda thing?