To me, I understand the energy market to be more of a Perfect Market with every description that makes any market a Perfect one.
Think about it this way, there are many platforms selling energy to users and all of those platforms put efforts in making their platform unique and seamless for users (that is Innovation)
Then, among these platforms, none have the capacity to determine the price action of the market. Only the demand/supply chain does this (killing monopolistic nature in markets)
And finally, the existence of other platforms drives the need for implementation of many strategies that could attract buyers to a particular platform ( these include offering the energy service at a lower price, some platforms waving extra cost of buying the energy in their platform e.g their SC covering the energy cost of buying energy in their platform, and ensuring the best quality in their energy sells to their customers; in a way of making sure that users get the amount of energy they paid for).
Regarding the best platform to use when considering to venture into the energy market, there are a lot of good platforms to make use of. Just to mention a few in no particular order. TronNrg, Ergon, TronEnergize, Nitron, and a lot of them out there just as @Dendorion rightly mentioned, there are other chinese platforms that the English speakers are not aware of. I’ve encountered a few of those platforms too. But my advice to anyone who would want to go into the energy market is that, if they won’t have the time to hover around platforms in search of energy demands to fill, they should simply use TronNrg as the platform search for buyers themselves and sell users energy then pay rewards to the energy suppliers without any active work from those suppliers.
Thanks for wonderful input. I feel like we in classroom learning again.
Yes, innovation in fact very important secret in the general market. Here is my addition point of view.
Differentiation- here project owners will have to plan ahead to differentiate their products or services, making them more attractive to consumers and helping them stand out in a crowded market.
This can come along side with,
cost reduction,
general improvement on quality/ deliveries to satisfy more customers,
new markets like responsive to users suggestion that can help the businesses
Please can you also share with us some related example of this perfect market in Nigeria?
I have enough for my personal consumption but not enough to start selling haha
Swapped the majority of my trx for BTT when BTTC launched. Probably my biggest mistake in crypto
Thanks, these are really helpful insights. I’ve also been watching videos prior to your explanation for broader knowledge, would update you on the progress of my energy journey in the long run
I would say no they cause no barrier . Tronenergize started about 1 to 1.5 years after some of the bigger platforms started and we have not noticed any barriers . And sustained a very nice growth since our launch.
For clarity sake, it will be more appropriate to remove the stake and replace it with swap TRX to NRG
And adding to the profit one can make by investing $500, TronNRG has maintained an average reward ratio of 20% APY. Meanwhile, a user who invested $500 will earn profit of about +/-900 TRX in a year (earning 2 - 2.5 TRX daily).
In the Tron energy market, there are likely multiple sellers who are offering energy and bandwidth resources on the Tron network.
This would indicate a competitive market structure, as there are potentially several sellers vying for customers and market share.
Competition in the Tron energy market may come from various sources, including other platforms offering similar services, traditional energy providers, and potentially new entrants seeking to disrupt the market.
To stay competitive in this market, sellers on Tron Energy may need to differentiate themselves through pricing strategies, service offerings, and marketing tactics. It will be important for sellers to understand their competitors and market dynamics in order to effectively position themselves and attract customers.
Given the characteristics of the Tron Energy market, such as the ability for anyone to become an energy provider by freezing TRX, and the presence of multiple platforms offering energy rental services, would you classify the Tron Energy market as a perfect competition, monopolistic competition, oligopoly or something else entirely.
