Topic: [ANN][SNC] SunContract - Open Energy Market FIRST P2P ENERGY TRADING IS LIVE!!!! - page 39. (Read 167116 times)

Changes to Minimum Balance
Lastly, we have made some important changes to the minimum balance. As before, the minimum balance is necessary since it is natured as a collateral and will be prioritized for settling any outstanding debts for a customer’s unpaid duties.
Going forward however, the required minimum balance will vary from customer to customer and it will be determined by the gross value of the customer’s previous energy bill.
This gross value of the invoice that is the basis for defining the minimum balance includes the following costs:
monthly cost of delivered electricity,
excise duty,
network charge,
connection power and other contributions under the law, including VAT

ecosystem sounds kewl

i follow project on Twitter - pretty good imho, they are active all the time

https://twitter.com/sun_contract

Great news about SunContract. Price is following development and that means that people recognize point of project.
New customers are coming this year, every customer has to deposit tokens, circulating supply is lowering. And that reflects on price of token.
Great model low price and green energy.
Cheers SNC.

The customer will pay the minimum balance at a fixed EUR amount, and then this EUR will be converted into SNC tokens. This collateral will be locked in SNC once converted despite SNC value change. And if the customer decides to terminate his/her contractual relationship with SunContract, the minimum balance will be returned to the customer in either SNC tokens or in EUR.
Please note that customers who decide to end their contract will only receive their minimum balance in full if all their payment obligations have been settled. Failure to settle all platform payments will result in the minimum balance acting as collateral and being used to cover any given costs that have yet to be settled by the customer.
Also Note: Small business owners have the option to not pay the entire minimum balance in the beginning. If they register to use our energy management service, the minimum balance will be obtained from the savings that they acquire through the delegated P2P energy trading by our service providers. Once the full amount of the deposit is covered, any additional savings will then go towards reduction of the customer’s energy bills.
At SunContract, we strive to ensure that all aspects of our business have positive growth. We believe that the changes made to the minimum balance will also have a positive impact on the growth of SNC token. Rather than having one fixed minimum balance requirement for every customer, the minimum balance will reflect the size of each customer’s energy needs. Thus, our bigger customers will need to lock more tokens than smaller customers. As a result, more tokens will be locked in the name of minimum balance. And as the law of supply and demand dictates, the less the supply, the higher the value.


i think price follow up regarding this updates

$0,031564 USD (17,84%)
0,00000333 BTC (14,29%)
0,00015922 ETH (11,76%)

epic news

epic rise


$0,029075 USD (9,11%)
0,00000311 BTC (7,05%)
0,00014917 ETH (4,39%)

https://coinmarketcap.com/currencies/suncontract/

for sure this will have positive impact on token price!

+ hope for new market in 2020

Very important update - token will rise with minimum balance changes

At SunContract, we strive to ensure that all aspects of our business have positive growth. We believe that the changes made to the minimum balance will also have a positive impact on the growth of SNC token. Rather than having one fixed minimum balance requirement for every customer, the minimum balance will reflect the size of each customer’s energy needs. Thus, our bigger customers will need to lock more tokens than smaller customers. As a result, more tokens will be locked in the name of minimum balance. And as the law of supply and demand dictates, the less the supply, the higher the value.

Personally, I prefer a steady price increase than the quick one that ends with a drop. We are slowly equating with the price of Power Ledger.  Comparing prices from 2017/2018, it's good

$0,026627 USD (3,43%)
0,00000285 BTC (3,83%)
0,00014272 ETH (0,90%)

stable growth

https://coinmarketcap.com/currencies/suncontract/

very interesting reading

Typically what happens on the SunContract marketplace is that producers are able to sell their surplus generation at a higher price than the regular (and ever decreasing) feed-in tariffs, while consumers lower their energy costs, buying energy at a lower rate than if they sourced it from retail energy suppliers.

But how can we establish trust without utilities?

A traditional solution in energy has been to use a central point of authority, also known as the energy utility, who acts as the trusted intermediary between energy consumers, electricity generating entities and other agencies involved in the process of power distribution.

At SunContract, we felt that this central management of utilities may not be the most efficient nor desirable way to go about energy management, as it introduces unnecessary intermediary costs to both consumers and prosumers, and requires energy customers to trust a third party to operate the system. We also felt that this centralised system has significant disadvantages due to a single point of failure, which can renders it more vulnerable to technical failures.

The primary purpose of blockchain technology is therefore to remove the need for such intermediaries and replace them with a distributed network of digital users who work in partnership to verify transactions and safeguard the integrity of the ledger. Contrary to centralised systems, every member of the blockchain network holds his own copy of the ledger or can access it in the open cloud. As a result, anyone in the network can have access to the historic log of the system transactions and verify their validity, enabling a high level of transparency. On the SunContract platform for example, users have access to their hourly transactional data, and they can verify the data provided on the platform using the blockchain explorer that is integrated into the platform.

https://blog.suncontract.org/en/blockchain-redefines-energy-digital-trust

Great article. Worth reading. 

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most of the projects I have invested in have been fraudulent.  Only SunContract gives hope

Information on the SNC token can be found here:
https://info.suncontract.org/suncontract-snc-token-0



Electricity trading is currently only available in Slovenia. Work is underway to enter new markets.

Working platform

and SNC token on top exchanges in the world!     bright future


Huobi Global
SNC/BTC
$349.279
$0,024656   
73,06%
$31.589


Huobi Global
SNC/ETH
$53.425
$0,025126   
11,18%
$10.738


HitBTC
SNC/BTC
$644
$0,023821   
0,13%
$16.387

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 or different services already available in some countries.

which other products you can buy or is there any more informations about SNC token?

https://coinmarketcap.com/currencies/suncontract/markets/

Huobi #1 exchange

Another important difference is that customers can buy electricity at a lower price on the SunContract Marketplace
The buyer may enter into several agreements with producers at a price lower than their fixed contract price. However, he does not pay a commission, since there is no intermediary between him and the seller. The consumer can make a P2P agreement with his/her chosen producer for 1 up to 24 months. He/she can also verify that these arrangements have been realised at the price at which they were agreed-upon, thanks to the blockchain technology used on the platform.

#p2p like torrents

#p2p like electricity

wins