Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!! - page 144. (Read 167127 times)

Thank you for caring.

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

You can read first what is new on the horizont:
https://np.reddit.com/r/Futurology/comments/6jrwyx/brooklyns_latest_craze_making_your_own_electric/

Ps : you don't need new shill account for fear, uncertainty and doubt.

Just my ten cents.

I think the campaign has been on for a while now, why are people just seeing all these their faults?

There a lot of inaccuracy in your answer too, sir.
First of all you say:
"you are missing the benefits which a blockchain energy pool would present. Lower costs, better efficiency "

Do you have any proof of what you are claiming?

"there would certainly be nothing illegal for offering a decentralised energy grid service"

Decentralised grid service is fantasy. The electric grid is controlled by a government owned company for many reason. First of all, the producers cannot use the grid as a toy. There are technical constraints to be satisfied to avoid blackouts and grid faults. This is why in the liberalized electricity market right now, the production schedule resulting from the pool has to be approved by the Transmission System Operator ( the company that controls the grid ) to make sure that the grid is not overloaded and operated safely. Secondly, in economics, the electric grid is known as a natural monopoly. It means that the cost structure of building and maintaining the electric grid is such that it tends to market concentration, because of high sunk costs and economies of scale. So the government has to regulate this monopoly to avoid one private company to make huge profits from it. The electricity grid infrastructure and decentralization are two different universes.


"micropayments allowing real-time pay-as-you-consume bills "

Is not clear how the market clearing mechanism will work. The whitepaper does not specify anything. Real time payments for energy imply a mechanism to determine electricity prices instantaneously while keeping the grid operation safe.

There is no information on the whitepaper regarding the characteristics of the P2P platform you want to build. How you will take care of market clearing? And will you involve the Transmission System Operator in the definition of production schedule? I suppose you know that you cannot use the grid as it pleases you.

Any news ?

Ok so now just think of it. SunContract could have billions in yearly or even monthly traffic on their platform when they hit major markets in EU. And if they have small % fee to those transactions their profit could still be millions of $$. And then with buybacks this is pure win-win. It is trillion market and if they get only .1% of that market this is still huuuge for us.

People this is NO BRAINER 

Hi,

this is our initial plan. If we raise less then 5,000ETH then development will go slower (and of course revenue will increase more steadily) but we will keep developing it with collected fees. So we will probably develop (almost) full product but will take much more time if we do not raise more funds. Do not worry, our true marketing starts just now. We showed community with start of the ICO that we are sirious.


Energy market is worth many trillions of dollars so if we raise enough for 1 billion of SNC and SNC will be 1$ worth then this is only small valuation. So this is actually nothing.


EU is liberalised so we already have many countries covered with reasonable legislation.


Keep in mind how big actually is energy market. And we will make our project easy to use so non-crypto people wouldnt even know we are using blockchain

The current ICO ratio: 1 ETH = 11500 SNC. Buyback & burn is our strategy. It's more convenient and efficient than dividends (it's also more tax efficient).

It's trading at x2 of the ICO price, which is great!

Hey guys, Hitbtc exchange its trading SNC ico, you can buy SNC at low price 

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?

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.

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?

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

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 ?

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.

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

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.

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