Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!! - page 146. (Read 167861 times)

Quote from: Zylon on June 29, 2017, 01:23:21 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.

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?

Gregor

member

Activity: 84

Merit: 10

Quote from: Gregor on June 29, 2017, 01:07:06 PM

Quote from: Zylon on June 29, 2017, 12:07:27 PM

sorry, but I still don't get it!
So how much will be the total supply Huh

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 Huh

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.

Zylon

full member

Activity: 242

Merit: 102

Quote from: Gregor on June 29, 2017, 01:07:06 PM

Quote from: Zylon on June 29, 2017, 12:07:27 PM

sorry, but I still don't get it!
So how much will be the total supply Huh

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 Huh

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

member

Activity: 84

Merit: 10

Quote from: Zylon on June 29, 2017, 12:07:27 PM

sorry, but I still don't get it!
So how much will be the total supply Huh

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

full member

Activity: 242

Merit: 102

sorry, but I still don't get it!
So how much will be the total supply Huh

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 ?

bandar

sr. member

Activity: 686

Merit: 251

Quote from: lwayvo on June 29, 2017, 09:57:56 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.

hrbt

legendary

Activity: 1414

Merit: 1005

Quote from: lwayvo on June 29, 2017, 09:57:56 AM

Quote from: bandar on June 29, 2017, 09:29:23 AM

Quote from: bandar on 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.

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

lwayvo

newbie

Activity: 26

Merit: 0

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.

bandar

sr. member

Activity: 686

Merit: 251

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

crypto research

hero member

Activity: 669

Merit: 500

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.

lwayvo

newbie

Activity: 26

Merit: 0

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).

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: SunContract on June 28, 2017, 01:16:32 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.

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.

gomei

hero member

Activity: 770

Merit: 500

Quote from: Mitja1998 on June 28, 2017, 01:06:38 PM

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?

bandar

sr. member

Activity: 686

Merit: 251