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

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.

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?  

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).

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!

Any news ?

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.

When ICO finish, when will SNC distributed & exchange available?

We will work with grid operators and all other established entities in energy market. We will act as a retailer but will offer direct Peer 2 Peer service on our platform where everybody would be able to offer its production.

Can someone please explain me why someone would want to buy SNC for more than twice the price on an exchange while the ICO is still running and he could buy it from the ICO as well, cheaper?  

Here is a post I made on another similar project. Decentralization on the grid will never work for the following reason. Some of the facts could be beyond the scope for the project, but most of them apply.

Do Not Risk a Penny on this

Here is why:
1. This is not a new idea. I work for a utility company and we have been investing billions in microgrid projects. This is exactly what it is. You create a local community local grid, where people can support each others energy demands. The only exception here is that they are creating a decentralized buying/selling system.

BUT utility companies are never going to allow this, because it does not pay to maintain the traditional grid infrastructure.

There are already laws in place for exactly this reason, that people cannot sell their electricity to other people directly.

What this company, and other similar companies like trans active grid are doing is creating a token to make that sell-buy to get around that law(which states money isn't to be used).

Here is what will happen after. Governments will realize people are trying a way around and will BAN any asset trading that would lead to violating that law. All the money invested in these companies  and their platforms will collapse.

Utility companies in the near future will be launching microgrid systems.

2. Volatility in the Token Market:  The token that the company is selling again is not real money. They will be used in the platform they are launching, which means people will be buying and selling it ultimately leading to a market for that token on an exchange.

So if I am a person in a small society looking to participate in a decentralized energy production and buying platform, I would firstly have to buy these tokens, and then sell it to meet my real life demands.

But this  token will be traded on an exchange, the price will be volatile just like bitcoin and hence a normal person would simply not be interested in such a technology due to the price variation in the tokens. Because that could mean losing money by selling to the platform as theilr sole incentive was to be informed on who they are selling to, and getting slightly higher price than selling to utility companies.

 3. No Need for Decentralization on grid : Governments around the world buy electricity on smart grids at competitive prices. There is really no need for decentralization of grids except in third world countries where there are problems such as energy shortage etc. because utility companies have a monopoly and benefit by power outages.

But I predict that as smart grids evolve, companies like Tesla will take care of the buying/selling platform by offering something like Uber. But again that requires privatization of the grid.

And all the subsidies and incentives government provides are only to those selling and buying from the grid. They won't offer it for a private microgrid.

4. Smart Meters:
Utility companies have started providing free smart meters to its customers. What this company intends to do is use the blockchain for accounting of the electricity produced and used. But it will require customers to install separate meters which would cost a lot. Things will go wrong, and will need to be fixed.


5. Storage: Storage is currently a big issue for solar. Installing a solar system is expensive, but installing a storage system/batteries is even more expensive. Hence most of the houses that buy solar, usually do it as to only satisfy 60-70% of their electricity needs. A lot of those houses usually do not generate an excess. This means what this entire project is relying upon i.e community buying and selling is not going to be a big thing in a neighborhood. 

What I am trying to say is , that blockchain and grids is a great combination. But utility companies have already started doing and investing in it. In general there is no reason for one resident of an area to see the production/consumption of another, which means that there is no need for a decentralized electric grid system. People have meters in their home and all the data relevant to them is already transparent.

All these companies are doing great work, but I don't think a Token sale is the way to go because once the token is on an exchange, it will kill the motivation of the local resident to even participate in that purchase/sale.  What these companies need to do is find investors for a direct investment than creating an altcoin to just get more money, which I feel is the scammy part.