SLEEPING GIANT #4 - SunContract (SNC): Europe's POWR, with advantages!
SunContract (SNC)
Current price: US$0.17
Market cap: US$19.2 million
CoinMarketCap ranking: #277
Circulating supply: 107.7 million SNC
SunContract is one of a few projects which are aiming to decentralise the energy market. SunContract gives consumers and business the chance to undertake P2P trading of electricity with crypto-tokens through their app. Based in Slovenia, they envision a "global self-sufficient energy community" for the future. P2P energy trading is a hot topic right now, probably because it makes us feel good to use blockchain to try to solve the world's energy crisis.
Sound familiar? If so, this is probably because SNC has very similar goals to that of the Australian start up Powr Ledger, which has received crazy amounts of hype and media attention over the past month or so. You could view SunContract as Europe's equivalent of POWR, with a few key differences:
POWR have cemented more partnerships and have government backing.
POWR's platform is due for release in 2019. SNC's platform is coming out Jan 1st 2018 and throughout Europe by March 2018.
POWR has a market cap of $248 million. SNC has a market cap of $19.2 million.
So here we have a project very similar to POWR which is entering into a bigger market (Europe) than POWR, with a platform that is being released more than a year before POWR's, and is less than a tenth of the price of POWR.
While POWR undoubtedly has a better marketing team than SNC, the team running SNC are solid, with years of experience in the energy sector and a host of blockchain devs. See what I am getting at here Crypto Kiwi's? The potential for growth is definitely present with this one.
You can buy it on EtherDelta and HitBTC.
https://suncontract.org
Whitepaper: https://github.com/SunContract/wiki/wiki/White-Paper
https://coinmarketcap.com/currencies/suncontract/#markets