Earth has been very generous to us. However, people have ruined half of the globe’s green resources. This is not sustainable. The world is our responsibility; it should not be passed to next generation and hange should start on our self.
Introduction to SunContract
It is created to disrupt energy sectors with innovative business ideal, powered by the technology of this groundbreaking blockchain. With this mechanism, middlemen are of no use. This will serve as a reliable infrastructure. Every transaction here is a peer to peer reviewable. It can straightly connect the consumer and the energy producing company in to a pool of electricity using smart contract as basis. It is the newest, thrilling and better method to a P2P trading of electricity. SunContract is a platform supporting the community of a self-sufficient energy. With the creation of peer to peer and renewable energy ecosystem, this platform aims on contributing to a larger independence in terms of energy.
It is a platform for energy trade that utilizes blockchain in creating new disruptive model to trade electricity. It is a project that can connect 3 areas with massive potentials. These three fields are the people, the electricity and the blockchain. The quality of man’s lives depends on the progress and growth of each particular area. They all play a big role in the world. If they will join altogether, they can produce a disruptive and new approach of trading energy. Surely, they can change the world into an improved and happier place of man’s living.
To support full sustainability, it is a must for everyone to support the SunContract as well. The platform connects the people producing the energy and the people consuming it with a common welfare. Both parties aim of saving money and resources. Their common goal is to make a smarter and cleaner tomorrow.
Electricity belongs to the list of keystones for the new society to work properly. Finance, household, communication, hospitals, road infrastructure, and most industry today depend greatly on the power of electricity. The current market for renewable energy is rising swiftly because of the increasing demands for energy. Another reason why market increases fast is that, people are now more aware on the possible effect of climate change. This subsequently unlocks new yet remarkable opportunities. According to the research study of Bloomberg New Energy Finance, in year 2040, more than half of the overall energy sector investment will prefer renewable. On that time, the entire worldwide investment will become $11.4 trillion. The $7.8 trillion from it will be for renewable energy while the $3.2 trillion will be for fossil fuel energies. It indicates a substantial upsurge of investment on the sector of renewable energy, particularly on solar and wind power energy. Both are amounting to more than sixty five percent of the overall renewable investment. The present status of energy in the market faces some difficulties in power station on centralized and conventional form. Here, they usually demand for high costs in transmitting energy across long distance.
The current model and infrastructure for electricity model will find a hard time coping with the growing demand for energy. Statistically, electricity demand is said to double (more than double actually) on year 2050. The planet needs to change now its existing model, from centralize energy production to a decentralize one. For years now, there have been some exerted efforts to achieve the sustainable and renewable energy system.
The SunContract Tokens – SNC
Those who participated on SunContract token sale can get the project’s very own SNC tokens. Ethereum was the only digital currency that they accepted during the sale. Therefore, they fixed the SNC price for the accumulated Ether. The distribution of the SNC was based on the ratio of ten thousand SNC in every one ETH. It means, the token that a participant may get will depend on the timing.
The Bounty Scheme
The token shares a bounty participant can get will be based on what they contributed. Bigger rewards are expected to participants with bigger efforts. The more they promote SunContract, the more rewards they will receive.
SunContract distributes the bounty for participant who uses any of these methods. They can participate on the signature campaign at Bitcointalk.org. Participants may follow and promote the Twitter account of SunContract. Moreover, bounty is given to those individual who publish and post blogs about this project. Also, you can get rewards through topic translating.
The Early Bird Bonus
To recognize those early SunContract participants, rewards are set to them. The earlier they participate, the bigger their bonus will be. They provided a schedule for token issuance. On the pre-sale, 1 ETH is for 11,600 SNC. On the first week, 11,500 SNC is for 1 Ethereum and 11,000 SNC for the second week. On the week three, SNC will be 10,500 and SNC will be 10,000 for the week four. The amount of 1 SNC was determined according to the fund amount raised during the token sale. Just right after the token sale, SNC is available on market exchanges. Here, the SNC price will be based on market status.
The SunContract issues several SNC covering all gathered Ethereum on token sale. The capitalization is set to hundred thousand Ethereum. The amount of SNC represents the basis for additional coin issuance for referral, bounty and team member. The 20% from the total SNC counts are allotted to all advisor, developer, bounty and sale execution expenses. The remaining major part (80%) is exclusively for token sale participants. SunContract offers an increase to the token amounts by means of the Referral and Bounty strategies. When distribution of tokens is completed, SunContract will not create new more SNC tokens.
The funds collected on the coin sale will be used on designated areas of allocation. Half of the funds is used to develop the company. The 25% will be for sales or marketing and 15% will be for SunContract operations. The remaining part will be for legal purposes. Funds could be very useful in the future.
What is SunContract?
SunContract disrupts the energy sector with a unique business model, supported by the blockchain technology. Blockchain takes over the role of the middleman as technology support, which can be trusted by default since any activities on the blockchain are peer-to-peer reviewable.
SunContract is a platform that straightly connects electricity producers and consumers into an electricity supply based on smart contracts, that is a new, exciting and positive method to peer to peer electricity trading. Its vision is to promote a global self-sufficient energy community based on renewable energy and peer-to-peer energy trading based on the blockchain and smart contracts. By creating such an ecosystem, SunContract would like to offer exceptional independence when it comes to energy.
SunContract Mission and Vision
• Build a digitally-tradable crypto-token for energy trading;
• Allow personal contribution to advancing the global situation;
• Support self-consumption and self-sufficiency;
• Use the full potential of local renewable resources;
• Take advantage of blockchain technologies;
• Facilitate transparent transactions between producers and consumers into the Pool, based on smart-contracts;
• Lowering charges by reducing or eliminating the role of the middleman;
• Strengthen the cryptocurrency network;
• Connect people globally, borderless;
• Take an essential step towards reducing global warming
The suncontract project intends to build a sun-driven economy. The team has excellent ideas on how to combine blockchain technology into the energy sector, enhance services and increase economic, environmental and social advantages. The funds they accumulate will allow them to produce and execute a variety of innovations that they are preparing for this sector in the future. It is a huge change in the energy market with the potential to reward all participants; the consumer with cheaper costs and cleaner energy, producers with better pay for the electricity they produce and SunContract by the extension of the network.
How This Platform Works
The established by producing new services which will optimize energy business. On the first level, they set the SunContract Energy pool. The purpose is to join together electrical power producers and consumers and allow them to trade electricity through the Pool. After successful registration, everybody can participate in the Pool. But to trade electricity one would need to get SunContract tokens (SNC). SNC’s will be distributed at the SunContract token sale as a software and energy license to utilize the Energy Pool.
SunContract P2P Platform Roadmap
Based on a phased strategy, the SunContract P2P Platform will join energy producers and consumers. Users will be capable of trading electricity directly; the final value and quantity will be defined by trading algorithms based on sale clearings on the Blockchain. The producer and consumer will decide the bid and the asking price of electricity, at which they would be agreeable to sell or buy, and trading algorithm and smart contracts will do the matching and compact. The minimum and maximum prices of electricity will be determined by the contracts for electricity sold and acquired outside the pool.
The Core Team
SunContract operates an international team with vision, expertise, innovative thinking, openness, administration skills, marketing experience, developers coming from different backgrounds from IT, energy sectors, finance, the blockchain, and more. With blockchain technology growing at this rapid pace, its implementation in the energy sector as inevitable. Being the first in the market, filling the crypto-world into electricity is a great opportunity that everyone should not miss.
MSc Gregor Novak
Gregor Novak is an expert executive with nearly two decades of experience in the Power Industry, having served in two of the most important and complex national electricity companies in the Republic of Slovenia. Before SunContract, Mr. Novak worked as System Administrator and Chief Information Officer to establish company BORZEN – a Slovenian power market operator and regional power exchange (now spin-off to BSP SouthPool).