SunContract (SNC) is a blockchain-based platform that aims to decentralize the energy sector with a focus on improving the welfare of individuals. The platform's business model connects peers directly in an open energy marketplace, eliminating intermediaries and enabling peer-to-peer (P2P) electricity trading. SunContract strives to empower individuals, particularly homeowners, to freely buy, sell, or trade electricity. The platform is currently being implemented in Slovenia. Through the platform, Slovenian households are experiencing reductions in electricity costs while also choosing sustainable energy sources.

SunContract operates by directly connecting electricity producers and consumers into an electricity pool based on smart contracts. These smart contracts are blockchain-based programs that aim to provide trust and security, potentially improving upon traditional contract law, and reduce other transaction costs associated with contracting. The platform allows energy producers and consumers to determine the bid and the asking price of electricity, at which they would be willing to sell or buy. Trading algorithms and smart contracts then perform the matching and settlement. The minimum and maximum prices of electricity are determined by the contracts for electricity sold and bought outside the pool.

SunContract's primary use case is in the energy sector, where it aims to decentralize energy production and consumption. The platform allows individuals, especially homeowners, to buy, sell, or trade electricity freely. This can lead to cost reductions for households and a shift towards more sustainable energy sources. Additionally, SunContract's model of direct peer-to-peer electricity trading may influence traditional energy markets by eliminating the need for intermediaries. This could lead to greater efficiency and transparency in the energy sector, and potentially contribute to greater independence when it comes to energy.

SunContract was established with the goal of decentralizing the energy sector and tailoring it to improve the welfare of individuals. The company's business model, which directly connects peers in an open energy marketplace, was designed to eliminate intermediaries and enable peer-to-peer electricity trading. The project was first implemented in Slovenia and intends to expand into other countries. The platform has been operational since 2018, and Slovenian households using the platform have experienced reductions in electricity costs while also choosing more sustainable energy sources.

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The current market cap of SunContract is $1.667M. A high market cap implies that the asset is highly valued by the market.

The all-time high of SunContract is $0.71. This all-time high is highest price paid for SunContract since it was launched.

Over the last 24 hours, the trading volume of SunContract is $427.137K.

Assets that have a similar market cap to SunContract include Clore.ai, Graphlinq Chain, Hoppy, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of SunContract is 71 million.