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Overview
ICO Opening Date
Jun 28th, 2017
ICO Closing Date
Aug 1st, 2017
Description
SunContract is a platform that directly connects energy producers and consumers into an energy pool based on smart contracts. The SunContract’s vision is to support a global self-sufficient energy community based on renewable energy by digitalization of electricity. With SNCs one can buy electricity through the SunContract Energy Pool. 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 an entirely new services that will revolutionize the existing market. Decentralized energy market on the blockchain is only the first step of transforming energy distribution grid services in the future and will be followed by grid-flow optimization services, demand response services etc.
Technology
Blockchain Platform
SunContract
Team
Members
MSc Gregor Novak - CEO and Co-founder
Mojca Bajec - CFO and Co-founder
Martina Gabor - CIO
Mitja Blatnik - Project manager
Andraž Verdev - Blockchain Ecosystem
PhD Klemen Stopar - Energy Ecosystem
PhD Aleš Kroflič - Numerical Analysis
Luka Pusič - Information Security
Jernej Blaj - SunContract Middle East
YingDong Xu - SunContract China
PhD Eva Zupančič - Ethereum Ecosystem
Rok Povše - P2P Engineer
PhD Aleš Frece - Software Engineer
Rok Gornik - Community Manager
Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.
SunContract News
July 27th, 2017
SunContact moves towards the third project’s milestone having raised over 8123 ETH ($1.66 million) by the press time.
July 25th, 2017
Blockchain powered energy trading platform, SunContract’s ICO campaign crosses the 8000 ETH mark.
July 8th, 2017
Suncontract creates a peer-to-peer marketplace for renewable energy.
By Bhushan Akolkar on December 11th, 2018 Jay Clayton said that ICOs should willingly follow securities laws which ensure higher protection of customers’ funds while eliminating fraud and manipulation.
December 10th, 2018
China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.
The U.S. District Court for the Southern District of California ruled a case between the SEC and Blockvest in favor of the ICO project.
The new guidelines mandate local companies to register with the FSA before launching their ICO digital tokens in the market.
The updated guide clarifies the Singapore central bank’s stance on how certain intermediaries should observe the rules determined by Anti-Money Laundering and Countering Financing of Terrorism policies.
In its first cases, the SEC has brought violations against Floyd Mayweather Jr. and music producer DJ Khaled involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional strategy.
Maybe XRP cannot be classified as a security anymore. Max Rich, deputy counsel at the crowdfunding platform Republic says the SEC will use the DAO debacle that happened in the summer of 2016, as the cut-off point.
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