Crowdsale of SunContract started on 28 June and closed on 1 of August. Currently, it’s traded on HitBtc at an approximate price of 8 cents. What is interesting, is the concept. SunContract is a platform which connects energy producers and consumers as well.
The SunContract’s vision is to support a global self-sufficient energy community based on renewable energy.
SunContract utilizes Ethereum blockchain technology to create a new business model for buying and selling electricity
SunContract’s business model joins together the best features of blockchain technology
- 5 T’s: trust, transparency, traceability, time stamp and transactions) and renewable energy
- 5 D’s: digitalization, decarbonization, deregulation, decentralization and democratization) to create entirely new services that will revolutionize the existing market.
On 10th of August, SNC reached a half million trading volume for the first time and 10 days later, SNC somewhere around 1 million.
SunContract and Hive Project made an arrangement for future collaboration in the field of factoring, transferring some financial risks to the new partner which adds more trust to the token.
Almost 100 million out of the 122.707.503 tokens that have been released are tradeable, while the remaining tokens are reserved for the team, early supporters and advisers.
SNC token has a real value attached to it in the form of digital electricity and that value is also given by the 8732 ethers raised at pre-launch.
SunContract is a concept whose time is quickly approaching – a peer-to-peer marketplace for renewable energy. The push to renewable energy is global. According to Bloomberg, over 70% of the more than $10 trillion projected to be injected into new energy sources will go to clean energy by 2040. Analog energy sources will become less and less common, demand will increase with the rise of electric cars, and so renewable energy will become the new norm.
SunContract is cooperating with the largest energy company in Slovenia
On 23th of August, SunContract strikes again obtaining a written document emitted by the company Petrol, d. d., regarding a successful partnership that can now be publicly disclosed. The two companies have been cooperating in the field of solar power plant assembly. The SONCE group has been operating in this field for many years and is considered to be one of the frontrunners.
The Petrol company is the largest Slovenian energy company and its core business activity is trading petroleum products, gas, and other energy products. They also operate in the field of renewable energy sources, especially solar power plant assembly and heat pumps. Their annual revenue for last year was 3.2 billion Euros, which puts them in the top spot in regards to income among companies in Slovenia. These last few years have seen Petrol, d. d., becoming more and more important in the energy market, not only in Slovenia but also in other East European countries.
It should be mentioned that Petrol made it possible to purchase Bitcoin cryptocurrency in their service stations with cash, which proves that they closely follow the current global trends.
All this it is a clear sign that SunContract so far its keeping up the progress in an alert rythim, which is a very good sign for any investor out there.
Please if you decide to invest in SunContract is based only on your decision, this article is just informative regarding a token situation and updates. We do not force anyone to invest in any token or cryptocurrency.