Review on SunContract by Fabrizio Zampieri
SunContract is a blockchain platform that aims to solve current daily problems…
SunContract is a blockchain platform that aims to solve current daily problems regarding the energy sector. It’s an energy trading platform that allows to buy and sell electricity.
SNC is the utility token used to buy digital electricity from the platform. The main goal of SunContract, reading the whitepaper, “is to support a global self-sufficient energy community based on renewable energy and peer-to-peer energy trading based on the blockchain and smart contracts”.
SunContract started creating the SunContract Energy Pool. That pool joins together power producers and consumers, allowing them to trade energy.
SNC is an ERC-20 token with a current supply of 122.707.503 SNC and a Market Cap $2.293.588 USD. It is possible to trade SNC on important exchanges (HitBTC, OKEx, Huobi Global, KuCoin, YoBit).
SunContract company was was born in beginning 2016 but whitepaper was officially published in May 2017. The company launched their SunContract platform in Q1 2018. The project is being implemented in Slovenia for a start and plans to expand into other countries in coming months and years are in our company’s pipeline. Italy is second important country on the list.
Pros
- - SunContract’s blockchain-based exchange platform has a great potential because will bring together independent power producers and consumers. - It's possible trade electricity with any person you wish directly. It's also possible choose the price at which you purchase or sell your electricity. - Functional mobile app. - Transparent healthy business environment for energy producers and consumers.
Cons
- - Many competitors on energy sector decentralized projects. - There are still strong resistances by monopoly of traditional power generators, distributors and Governments. - The only information in the whitepaper we have about the founder team behind SunContract is that they’re “an international team with vision, expertise innovative thinking, openness, management skills, marketing knowledge” with a background in IT, energy, finance, and blockchain technology. Nothing else.
