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

[gemcom]

Great article. Worth reading. 

[pmalo mialo]

very interesting reading

Typically what happens on the SunContract marketplace is that producers are able to sell their surplus generation at a higher price than the regular (and ever decreasing) feed-in tariffs, while consumers lower their energy costs, buying energy at a lower rate than if they sourced it from retail energy suppliers.

But how can we establish trust without utilities?

A traditional solution in energy has been to use a central point of authority, also known as the energy utility, who acts as the trusted intermediary between energy consumers, electricity generating entities and other agencies involved in the process of power distribution.

At SunContract, we felt that this central management of utilities may not be the most efficient nor desirable way to go about energy management, as it introduces unnecessary intermediary costs to both consumers and prosumers, and requires energy customers to trust a third party to operate the system. We also felt that this centralised system has significant disadvantages due to a single point of failure, which can renders it more vulnerable to technical failures.

The primary purpose of blockchain technology is therefore to remove the need for such intermediaries and replace them with a distributed network of digital users who work in partnership to verify transactions and safeguard the integrity of the ledger. Contrary to centralised systems, every member of the blockchain network holds his own copy of the ledger or can access it in the open cloud. As a result, anyone in the network can have access to the historic log of the system transactions and verify their validity, enabling a high level of transparency. On the SunContract platform for example, users have access to their hourly transactional data, and they can verify the data provided on the platform using the blockchain explorer that is integrated into the platform.

https://blog.suncontract.org/en/blockchain-redefines-energy-digital-trust

[majerc]

$0,026627 USD (3,43%)
0,00000285 BTC (3,83%)
0,00014272 ETH (0,90%)

stable growth

https://coinmarketcap.com/currencies/suncontract/

[kondzio1990]

Personally, I prefer a steady price increase than the quick one that ends with a drop. We are slowly equating with the price of Power Ledger.  Comparing prices from 2017/2018, it's good

[SunContract]

Dear SunLovers,
A few weeks ago, we introduced our latest promotional electricity packages for our industrial energy producing and consuming customers. These flexible packages were very well received, and as a result, we on-boarded many new industrial clients.

[legendarybtcsat]

Very important update - token will rise with minimum balance changes

At SunContract, we strive to ensure that all aspects of our business have positive growth. We believe that the changes made to the minimum balance will also have a positive impact on the growth of SNC token. Rather than having one fixed minimum balance requirement for every customer, the minimum balance will reflect the size of each customer’s energy needs. Thus, our bigger customers will need to lock more tokens than smaller customers. As a result, more tokens will be locked in the name of minimum balance. And as the law of supply and demand dictates, the less the supply, the higher the value.

[frgjazy2022]

for sure this will have positive impact on token price!

+ hope for new market in 2020

[lauferboy]

epic news

epic rise


$0,029075 USD (9,11%)
0,00000311 BTC (7,05%)
0,00014917 ETH (4,39%)

https://coinmarketcap.com/currencies/suncontract/

[regratjajc]

The customer will pay the minimum balance at a fixed EUR amount, and then this EUR will be converted into SNC tokens. This collateral will be locked in SNC once converted despite SNC value change. And if the customer decides to terminate his/her contractual relationship with SunContract, the minimum balance will be returned to the customer in either SNC tokens or in EUR.
Please note that customers who decide to end their contract will only receive their minimum balance in full if all their payment obligations have been settled. Failure to settle all platform payments will result in the minimum balance acting as collateral and being used to cover any given costs that have yet to be settled by the customer.
Also Note: Small business owners have the option to not pay the entire minimum balance in the beginning. If they register to use our energy management service, the minimum balance will be obtained from the savings that they acquire through the delegated P2P energy trading by our service providers. Once the full amount of the deposit is covered, any additional savings will then go towards reduction of the customer’s energy bills.
At SunContract, we strive to ensure that all aspects of our business have positive growth. We believe that the changes made to the minimum balance will also have a positive impact on the growth of SNC token. Rather than having one fixed minimum balance requirement for every customer, the minimum balance will reflect the size of each customer’s energy needs. Thus, our bigger customers will need to lock more tokens than smaller customers. As a result, more tokens will be locked in the name of minimum balance. And as the law of supply and demand dictates, the less the supply, the higher the value.


i think price follow up regarding this updates

$0,031564 USD (17,84%)
0,00000333 BTC (14,29%)
0,00015922 ETH (11,76%)

[gemcom]

Great news about SunContract. Price is following development and that means that people recognize point of project.
New customers are coming this year, every customer has to deposit tokens, circulating supply is lowering. And that reflects on price of token.
Great model low price and green energy.
Cheers SNC.

[verandanajs]

i follow project on Twitter - pretty good imho, they are active all the time

https://twitter.com/sun_contract

[zelenlist2020]

Changes to Minimum Balance
Lastly, we have made some important changes to the minimum balance. As before, the minimum balance is necessary since it is natured as a collateral and will be prioritized for settling any outstanding debts for a customer’s unpaid duties.
Going forward however, the required minimum balance will vary from customer to customer and it will be determined by the gross value of the customer’s previous energy bill.
This gross value of the invoice that is the basis for defining the minimum balance includes the following costs:
monthly cost of delivered electricity,
excise duty,
network charge,
connection power and other contributions under the law, including VAT

ecosystem sounds kewl

[pmalo mialo]

The SunContract platform aims to empower individuals, with an emphasis on homeowners, to freely buy, sell or trade electricity. The project is being implemented in Slovenia and plans to expand into other countries. Through the platform, Slovenian households are currently witnessing electricity cost reductions while also choosing sustainable energy sources of energy.

energy is future, solar is future, blockchain also - and all that is SunContract all in 1

[SunContract]

At SunContract, we wanted to make our blockchain-based energy trading platform accessible to both the blockchain enthusiasts, as well as the regular every day energy customer. For this reason, we integrated the fiat gateway which allows customers who have absolutely no knowledge of crypto, to still be able to buy or sell energy on our marketplace. Customers can make and receive payments in Euros via SEPA payment method, and our crypto enthusiasts can also pay for or receive payment for their services in SNC token.

Join the platform today and take advantage of our energy marketplace:


https://suncontract.energy

[aeronl33r]

Rank 555

what a magic

https://coinmarketcap.com/currencies/suncontract/

[reddymungo]

At SunContract, we wanted to make our blockchain-based energy trading platform accessible to both the blockchain enthusiasts, as well as the regular every day energy customer. For this reason, we integrated the fiat gateway which allows customers who have absolutely no knowledge of crypto, to still be able to buy or sell energy on our marketplace. Customers can make and receive payments in Euros via SEPA payment method, and our crypto enthusiasts can also pay for or receive payment for their services in SNC token.

Join the platform today and take advantage of our energy marketplace:


https://suncontract.energy

after 5 or 10 years   sepa will be gone

it will be all tokenized

you will see ppl

[SunContract]

3 month chart of SNC token.
 We would like to thank our customers, and our community - both traders and hodlers for continuing to support the project as we work towards improving the way power is distributed in the energy sector.

https://suncontract.energy

[gemcom]

Great news. Blockchain is recovering and SNC with him.
Awsome.

Great work team.

[regratjajc]

alt season is coming - get ready for moon

[verandanajs]

most important thing is token usage long term - with good product  project will live long