Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!! - page 145. (Read 167661 times)
June 30, 2017, 04:45:16 AM
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.
June 30, 2017, 03:38:38 AM
Any news ?
June 29, 2017, 03:20:31 PM
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 $$. And then with buybacks this is pure win-win. It is trillion market and if they get only .1% of that market this is still huuuge for us.
People this is NO BRAINER
i just bought for 8 eth more SNC! This will be huge!
People this is NO BRAINER
i just bought for 8 eth more SNC! This will be huge!
June 29, 2017, 02:57:24 PM
Ok so now just think of it. SunContract could have billions in yearly or even monthly traffic on their platform when they hit major markets in EU. And if they have small % fee to those transactions their profit could still be millions of $$. 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
People this is NO BRAINER
June 29, 2017, 02:52:24 PM
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
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
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.
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.
Any particular reason for such high supply?
The project is very interesting nonetheless and I am in.
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.
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
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?
EU is liberalised so we already have many countries covered with reasonable legislation.
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.
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).
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
June 29, 2017, 02:09:39 PM
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.
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
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
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).
June 29, 2017, 02:03:11 PM
Hey guys, Hitbtc exchange its trading SNC ico, you can buy SNC at low price 
It's trading at x2 of the ICO price, which is great! June 29, 2017, 01:52:26 PM
Hey guys, Hitbtc exchange its trading SNC ico, you can buy SNC at low price
June 29, 2017, 01:48:32 PM
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.
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
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
June 29, 2017, 01:42:05 PM
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 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 ?
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?
June 29, 2017, 01:23:21 PM
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 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 ?
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?
June 29, 2017, 01:07:06 PM
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 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 ?
June 29, 2017, 12:07:27 PM
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 ?
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 ?
June 29, 2017, 11:23:01 AM
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.
June 29, 2017, 10:20:14 AM
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.
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
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
June 29, 2017, 09:57:56 AM
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.
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
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.
June 29, 2017, 09:29:23 AM
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.
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
June 29, 2017, 08:49:15 AM
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.
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.
June 29, 2017, 07:56:12 AM
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.
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).
June 29, 2017, 07:44:24 AM
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.
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.
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