India is a booming market for renewable energy, many wind farms and solar grids. Now this question might sound utterly stupid, in India renewable industry comes under Ministry of New and Renewable Energy, means the government should be on one end of the contract as a supplier, right. And if that country has not legalised BTC or ETH, that would be tricky.
This is exactly what i mentioned earlier in this thread,there will be legal issues and many paper works to be done to make this project a reality and it might take a longer time for everything to settle down because it is not that easy to get the paper works done pretty fast particularly if a government is involved,legalization of bitcoin or ETH is another chapter.
I think the government will not be a bigger problem for that project because they are using this system as a way to collect funds for the project and the token is working as the shares of the investors which I think is legal for any government.
Legally we have to avoid calling token a share like any other project in crypto because then we fall under heavy regulation which prevents many inovations we want to make.
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Thanks for the update, adding this new information to m'y thread. ( Check your private box, I sent you a PM with the link inside to replace the old one
)
Thank you!
India is a booming market for renewable energy, many wind farms and solar grids. Now this question might sound utterly stupid, in India renewable industry comes under Ministry of New and Renewable Energy, means the government should be on one end of the contract as a supplier, right. And if that country has not legalised BTC or ETH, that would be tricky.
This is exactly what i mentioned earlier in this thread,there will be legal issues and many paper works to be done to make this project a reality and it might take a longer time for everything to settle down because it is not that easy to get the paper works done pretty fast particularly if a government is involved,legalization of bitcoin or ETH is another chapter.
I think the government will not be a bigger problem for that project because they are using this system as a way to collect funds for the project and the token is working as the shares of the investors which I think is legal for any government.
I think is there has no problem with token or shares. the energy market is very sensitive. In many countries, you have big taxes through which the state controls GDP, and they do not like a lot of innovations in this sphere especially with the decentralised market. Project like SunContract is for future, and i think 3-5 years is minimum to become applicable
Energy market had fallen to sleep. We did not see many inovations in it if we do not count in solar, wind and fusion power which are not main sources of energy. We want to show that renewable sources can be competitive and price of electricity can be lower. In some countries electricity represents only one third of total costs on the bill. Which is kind a unfair. First thing is that we need to put on decentralized platform and from there on we will build on our vision.
India is a booming market for renewable energy, many wind farms and solar grids. Now this question might sound utterly stupid, in India renewable industry comes under Ministry of New and Renewable Energy, means the government should be on one end of the contract as a supplier, right. And if that country has not legalised BTC or ETH, that would be tricky.
This is exactly what i mentioned earlier in this thread,there will be legal issues and many paper works to be done to make this project a reality and it might take a longer time for everything to settle down because it is not that easy to get the paper works done pretty fast particularly if a government is involved,legalization of bitcoin or ETH is another chapter.
I think the government will not be a bigger problem for that project because they are using this system as a way to collect funds for the project and the token is working as the shares of the investors which I think is legal for any government.
I think is there has no problem with token or shares. the energy market is very sensitive. In many countries, you have big taxes through which the state controls GDP, and they do not like a lot of innovations in this sphere especially with the decentralised market. Project like SunContract is for future, and i think 3-5 years is minimum to become applicable
to me in my country there is intense need of this project. because we have too much electricity shortage and specially in summer when the temperature raise to 45+ C. the situation become more complete because of the increasing demand of electricity. i am sure that this project will be on top in my country.
Usually those countries have a lot of sun or wind or other kinds of resources but they have shortages of investments. We hope we will be able to help with that as well.
This ICO will get a lot of boost if the devs post photos of the solar farm.
Company behind SunContract already works together with investors into solar panels in Slovenia. They are on private properties so posting pictures here would be illegal without owner's permission.
