SunContract offers SNC tokens for users to purchase or sell electricity. The tokens are linked to electricity exchange. The ICO on August 2017 released 122 million tokens through exchanges such as Etherdelta and Yobit. The currency is based off the blockchain. It is aimed at helping businesses that trade in energy to tap into digital currency for easier trade. The currency promises security, transparency, and other facilities.
The currency has many upgrades planned. The goal is to help users generate energy efficiently, reducing costs and waste. The currency is aimed at independent producers and consumers such as homeowners who want more control over energy purchase processes. SunContract has been associated with facilitation of the exchange of electricity, and the foray into the digital currency is likely to benefit more stakeholders.
SunContract offers a marketplace where sellers and buyers can connect. The user can download an app onto their phone and carry out transactions. Based on the blockchain, the currency is secure. The decentralized network creates more reach, enabling consumers and producers to find each other easily.
Since the token sales are still available, this is also a golden opportunity for investors. Therefore, for those who are looking for cleaner energy and also want to reap financial benefits from their efforts, SunContract currency might be the right option. Once the transaction is complete, users would need power transmission lines set up for transferring electricity. SunContract uses existing lines to distribute energy. In the process, inefficient grid networks will be improved, leading to further energy efficiency. People looking to save on electricity will find cheaper energy through SunContract.
It is important for users to be aware of potential limitations. One of these is geographic. SunContract currently operates mainly in EU, so for those looking to buy or sell electricity outside the region would need to wait for a while. The company has promised expansion into Asian markets in the future. Another factor to consider would be the lack of syncing within markets even where grid linking is available. That said, for those who are not purchasing or selling electricity, but are investing in the coins, the SunContract promises many benefits. The easy to use app can be downloaded on to the smartphone, adding one more layer of convenience to the entire process.
Given these factors, it is easy to see why the currency has gained popularity among users, and why it is likely to motivate and help people looking for energy efficiency and cheap electricity.
Dash is a new breed of cryptocurrency, which is a promising alternative coin (also called altcoin) to Bitcoin. In this article, we’ll deal with a br
Sia is a popular decentralized peer-to-peer network that is dedicated to buying and selling of computer storage space.
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo