SunContract's business model joins together the best features of blockchain technology and renewable energy to create entirely new services that will revolutionize the existing market. A decentralized energy market on the blockchain is just the first step of transforming energy distribution grid services in the future and will be followed by grid-flow optimization services, demand response services etc.
TRUST | TRANSPARENCY | TRACEABILITY | TIME STAMP | TRANSACTION
DIGITALIZATION | DECARBONIZATION | DEREGULATION | DECENTRALIZATION | DEMOCRATIZATION
The SunContract is a platform that directly connects energy producers and consumers into an energy pool based on smart contracts. The blockchain takes over the role of the middle man as a trusted technology infrastructure. Blockchain technologies could be implemented into existing energy distribution systems without previously changing the general energy regulation framework. We are already developing a pilot project for use on a national level. Currently, we are developing an API for collecting electrical meter data from energy producers, consumers and prosumers in order for it to be written into the blockchain. The pilot project will be completed in a few months.
The SunContract's vision is to support the global self-sufficient energy community based on renewable energy by digitalization of electricity. With SNC tokens, one can buy electricity through the SunContract Energy Pool.
At the token sale, we will issue SNC Ethereum based (ERC20) tokens. By specifying the amount of supply, we create a closed ecosystem with a finite number of tokens. A growing number of customers will increase the number of transactions, thus increasing the demand for SNC tokens. We expect a positive correlation between the SNC market value and the size of the SunContract network implying the economic laws of supply and demand.
The energy sector is a multi-trillion $ market. Our focus will be to constantly increase the demand for SNC tokens by increasing the trading volume inside the SunContract Energy Pool. Cutting out the retailers and diminishing the dependence on distribution service operators will contribute to the competiveness of electricity prices, which will make SunContract more attractive for customers. The volume of electricity traded in the SunContract Energy Pool will increase also by utilizing energy storage. It is an opportunity with the potential to reward all participants; the consumer is rewarded with lower costs and cleaner energy, while producers are rewarded with better compensation for the electricity they produce.
The contribution period will begin on June 28th and will last 4 weeks until July 25th. The Tokensale participants can contribute by sending Ether to the designated address. By doing so, contributors create SNC tokens at the following rates:
- Aims to remove the middlemen in energy trading and revolutionise liberalised energy markets - The platform will be built on Ethereum's blockchain and smart contracts will regulate the relationship between producers and consumers availing themselves of Suncontract's energy pool
0 - 5K ETH
5K - 10K ETH
Domain SunContract.org registered
10K - 25K ETH
25K - 40K ETH
40K - 60K ETH
Attention. There is a risk that unverified members are not actually members of the team
SunContract has ambitious goals to democratize the world of renewable energy. SunContract will create a blockchain-based exchange where producers and consumers can interact. Consumers can purchase electricity in exchange for SunContract Tokens (SNC). Producers can sell energy at a better rate than they currently get from utility companies. SunContract doesn’t yet have a working product available. The company plans to launch its platform in Q1 2018. The whitepaper appeared online in April.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.