This blockchain project is poised to assist consumers in the energy sector. As it stands now, there’s typically only one company that consumers can purchase their electricity from. This is obviously not ideal, and it means that energy companies can effectively act however they want as there’s no incentive for them to reduce prices. However, your SunContract investment is actually a platform that allows for consumers to exchange energy with one another through the blockchain and without a middleman.
Interested parties can buy and sell energy using the SNC token. This is an interesting concept because it solves a major dilemma of the solar industry. While many people are interested in using more sustainable energy practices, most simply cannot afford their own systems still. It’s a very expensive venture to install the correct infrastructure.
However, now you can use the marketplace to take advantage of your neighbor’s panels. If someone else in your community generates more electricity than they can use, now they can sell it to you. It seems everyone wins in this scenario, and investors would do well to pay attention to blockchain energy projects.
Investors can buy SunContract on a wide variety of exchanges. This makes it very convenient to acquire this token, and the trading volume is also quite healthy. The liquidity is spread out decently between exchanges and trading pairs as well, so there’s a lot of options here. Bitcoin is the highest value trading pair, but there’s also some room to trade in Ethereum and USDT if you would rather utilize one of those options.
This is an ERC20 token. Investors who are interested in SNC will need to hunt down a good Ethereum based wallet to store their new tokens. Fortunately, this is the most popular token distribution platforms, and there are lots of great wallets for this. Just make sure you download one that has been properly vetted, and you’ll be good to go. If you don’t know what to get, then try Meta Mask, My Ether Wallet, Coinomi or Jaxx. Any of these will likely be a good choice.