No items found.



Discover SunContract's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is SunContract?

SunContract (SNC) is a cryptocurrency launched in 2017 on the Ethereum platform. It is used in a blockchain-powered, peer-to-peer energy market, enabling energy buyers and sellers to trade energy directly. The platform aims to support a global self-sufficient energy community based on renewable energy through digitalization of electricity. SNC tokens are used to facilitate transactions within the platform, which includes real-time access to production and consumption data, independent decision-making on surplus electricity distribution, and a decentralized energy marketplace.

How is SunContract used?

The SunContract (SNC) token is a digitally tradable currency used primarily for buying and selling electricity and energy products within the SunContract ecosystem. This Ethereum-based token provides value to both energy consumers and producers by facilitating direct transactions between them. The platform utilizes blockchain technology to verify and execute transactions, which requires the use of digital currencies like SNC.

Key Uses of SNC Token:
  1. Energy Trading: SNC tokens are used to buy and sell electricity and energy products on the SunContract platform. This allows energy producers to sell excess energy directly to consumers, promoting a more efficient and environmentally friendly energy market.

  2. Payment Method: SNC tokens serve as a payment method for energy transactions. Even when customers pay in euros, the platform converts these payments to SNC tokens in the background, ensuring seamless transactions.

  3. Security Deposits: Users are required to pay a minimum balance in euros, which is then converted to SNC tokens and locked on the platform. This balance is returned to the user if all contractual obligations are settled.

  1. Investment Opportunity: The SNC token offers an economic opportunity for investors interested in renewable energy. As the global energy supply shifts towards cleaner sources, investing in SNC tokens can be a rewarding long-term strategy.
Availability and Accessibility:
  • Exchanges: SNC tokens can be purchased on various exchanges such as HitBTC, OKEx, YObit, Ether Delta, and IDEX, with available pairs including SNC/ETH, SNC/BTC, and others.
  • Conversion: The token can be easily swapped for other cryptocurrencies or fiat currencies using instant crypto converters.

Overall, the SNC token plays a central role in the SunContract ecosystem, enabling efficient, secure, and environmentally friendly energy transactions.

How do I store SunContract?

To store SunContract (SNC) tokens, you have several options:

  • Kriptomat Wallet: You can store your SNC tokens securely in your Kriptomat wallet, which supports the token.
  • Atomic Wallet: Atomic Wallet is another option that allows you to manage your SunContract tokens along with other cryptocurrencies like Ethereum, XRP, and Litecoin.
  • MyEtherWallet: As SNC is an ERC20 token, it can be stored in any wallet that supports ERC20 tokens, such as MyEtherWallet.
  • SunContract Platform: You can also store your SNC tokens directly on the SunContract platform itself.

These wallets provide a secure and convenient way to manage your SunContract tokens.

How to buy SunContract?

To buy SunContract (SNC) tokens, follow these steps:

  1. Choose a Reliable Exchange: Select a trustworthy cryptocurrency exchange that supports SunContract (SNC) purchases. Ensure the exchange has solid security, liquidity, and a competitive fee structure. Some popular options include Kriptomat, KuCoin, and SimpleSwap.

  2. Create an Account: Sign up on the chosen exchange by providing the required information and setting a secure password. Enable two-factor authentication (2FA) for added security.

  3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification to access more features and services on the platform. The information required for KYC may vary based on your nationality and region.

  1. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods. The information you need to provide may vary depending on your bank's security requirements.

  2. Buy SunContract (SNC): Use your added payment method to purchase SunContract (SNC) tokens. You can buy SNC directly with fiat currency if supported or do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for SNC.

  3. Store Your Tokens: Once you have purchased SNC, ensure you store them securely in a compatible wallet, such as KuCoin Wallet or MetaMask, to maintain control over your assets.

By following these steps, you can easily and securely buy SunContract (SNC) tokens.

We give you the tools to invest your time and money in 1000+ tokens.

History of SunContract

SunContract (SNC) is a cryptocurrency token that was created to facilitate the trading of electricity on the SunContract platform. The platform aims to decentralize the energy sector by directly connecting energy producers and consumers, eliminating intermediaries and enabling peer-to-peer electricity trading. This is achieved through the use of blockchain technology, which ensures transparency and security in transactions.

Token Creation and ICO

The SunContract token (SNC) was issued during an Initial Coin Offering (ICO) in the summer of 2017. The ICO lasted for over a month and raised funds in the form of Ethereum (ETH) through a smart contract. The total number of SNC tokens created is 122,707,503, and they are based on the Ethereum blockchain, providing stability and security.

Early Trading and Market Performance

After the ICO, SNC tokens were listed on several exchanges, including HitBTC, OKEx, and YObit, with various trading pairs such as SNC/ETH, SNC/BTC, and SNC/USD. The market capitalization of SNC grew significantly, reaching $26,851,629 by the end of 2017, with a token price of $0.245867.

Platform Development and Adoption

The SunContract platform was designed to allow individuals to buy, sell, and trade electricity directly, using blockchain technology to verify and execute transactions. The platform was initially implemented in Slovenia and aimed to expand to other countries. Slovenian households were able to reduce their electricity costs while choosing sustainable energy sources.

Real-World Applications

One of the first real-world applications of the SNC token was in late 2017, when a family in Slovenia used SNC to purchase a heat pump for their home, marking a milestone in the use of cryptocurrency for energy-related transactions.

Current Status and Availability

Today, SNC tokens can be held in any Ethereum-based wallet that supports ERC-20 tokens, such as MyEtherWallet, Parity, and Eidoo. The tokens can be purchased on various exchanges, and their market performance is tracked on platforms like CoinMarketCap.

We give you the tools to invest your time and money in 1000+ tokens.

How SunContract works

SunContract (SNC) is a cryptocurrency that operates on a blockchain-based platform designed to decentralize the energy sector. The platform allows energy producers and consumers to directly trade electricity without intermediaries, promoting a peer-to-peer (P2P) energy marketplace. Here's how it works:

Key Components
  • Blockchain Technology: The platform uses blockchain technology to verify and execute transactions between energy producers and consumers. This technology ensures maximum transparency and security in the transactions.
  • Smart Contracts: The platform employs smart contracts to facilitate the direct connection between energy producers and consumers, eliminating the need for intermediaries.
  • SNC Token: The SNC token is the native cryptocurrency used for transactions on the platform. It is required for all transactions, including those executed in euros, which are converted to SNC tokens in the background.
User Experience
  • Registration: Users can sign up for the platform and log in conveniently from home.
  • Funding: Users can transfer funds to the platform in either SNC tokens or euros. The minimum balance required is converted to SNC tokens and locked on the platform.
  • Electricity Trading: Users can buy, sell, or trade electricity directly with other users on the platform. The platform ensures real-time access to production and consumption data, allowing users to make informed decisions.
  • Decentralization: The platform eliminates intermediaries, reducing costs and increasing the feasibility of renewable energy sources.
  • Sustainability: SunContract focuses on environmentally friendly renewable energy, particularly solar energy, to mitigate climate change.
  • Cost Savings: The platform has been shown to lower energy costs for local customers by up to 40%.
Technical Details
  • Ethereum Compatibility: The platform utilizes Ethereum blockchain technology to facilitate transactions.
  • AI Integration: SunContract is integrating artificial intelligence (AI) and machine learning (ML) to enhance platform scalability and user experience.

Overall, SunContract's SNC token is a crucial part of a blockchain-based energy marketplace that aims to create a more sustainable, decentralized, and cost-effective energy sector.

We give you the tools to invest your time and money in 1000+ tokens.

SunContract's strengths

The token SunContract (SNC) has several strengths that make it an attractive investment opportunity:

  1. Globally Recognized Digital Asset: SNC is a globally recognized, digitally tradable digital asset, primarily used for buying and selling electricity and energy products on the SunContract ecosystem.

  2. Ethereum-Based: SNC is an Ethereum-based token, which provides stability and security.

  3. Decentralized Energy Trading: SNC enables decentralized energy trading, directly connecting energy producers and consumers through smart contracts, eliminating intermediaries and promoting renewable energy sources.

  1. Economic Opportunity: Investing in SNC offers an economic opportunity, as the global energy supply is shifting towards clean energy, with significant investments expected in the coming years.

  2. Wide Availability: SNC can be purchased on various exchanges, including HitBTC, OKEx, YObit, Ether Delta, and IDEX, with multiple trading pairs available.

  3. ERC20 Standard: SNC follows the ERC20 standard, which simplifies the process of creating and listing tokens on exchanges, ensuring easier accessibility.

  1. Real-World Value: SNC has real-world value, as it can be used for trading electricity, purchasing solar power plants, heat pumps, and other services.

These strengths position SNC as a promising investment in the renewable energy sector, leveraging blockchain technology to create a more efficient and sustainable energy market.

SunContract's risks

SunContract (SNC) is a blockchain-driven cryptocurrency project focused on revolutionizing the energy sector through peer-to-peer electricity trading. While it operates on the Ethereum network, which is considered one of the safest, there are still some financial risks associated with investing in SNC.

Credit Risk and Market Volatility

The 2023 SNC Report indicates that credit risk increased in 2023 but remains moderate. This increase was driven by declining credit quality in certain industry segments such as technology, telecom, and media, as well as healthcare and pharmaceuticals. Additionally, the report notes that leveraged loans, which comprise nearly half of total commitments, represent a disproportionately high percentage of non-pass exposures.

Market Performance and Risk Assessment

SNC's market performance has been bearish, with a negative return over the last 90 days. It has a relatively high probability of financial distress in the next few years, with a risk score indicating it is a high-risk investment. This is reflected in its market performance rating, which is currently a "B-".

Investment Risks

Investors should be aware that SNC is a digital token with inherent risks such as exchange rate volatility, lack of tax regulations, and infrastructure vulnerabilities. These risks are common to many cryptocurrencies and should be carefully considered before investing.

Transparency and Security

On the positive side, SunContract emphasizes transparency and security. It does not gamble with client funds, is not exposed to currency risks, and has not invested in risky coins. Client assets are held 1:1 and are accessible at all times, ensuring that investments in SNC are stable and secure.

Overall, while SunContract has some financial risks, it also has a strong focus on transparency and security, which can help mitigate these risks for investors.

We give you the tools to invest your time and money in 1000+ tokens.

Did SunContract raise funds?

We give you the tools to invest your time and money in 1000+ tokens.

SunContract's ecosystem

No items found.
No items found.
We give you the tools to invest your time and money in 1000+ tokens.

SunContract’s team

  • Gregor Novak: Co-founder and Chief Innovation Officer, leading the technological and innovative front of SunContract.
  • Mojca Bajec: Co-founder and CFO, steering the financial strategies and operations.
  • Aymen Soufi: Strategic Director, guiding the company’s strategic direction and expansion.
  • Matic Grebenc: Chief Information Officer, responsible for the technological infrastructure and advancements.
  • Nina Malec Poklič: Head of Marketing, driving the brand’s marketing strategies and outreach.
  • Jošt Štrukelj: CEO, an expert in energy, sales, and information security.
  • Marko Bregar: Director of Electricity Wholesales and Trading, an expert in the European wholesale electricity market.
  • Megan Easey: Expert in strategic management, marketing, and product development, from South Africa and based in Malta.
  • Brina Bensa Šteger: Key Account Manager, focusing on customer relations and business development.

Whalee AI

The fundamental analysis assistant for crypto value investors.


Latest news

Want an analysis of SunContract? Tell us on discord.

Similar tokens

Looks like we're missing similar tokens!
Help us improve!
Tell us what you think of this page and which features you would like to see next.