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Swytch

Energy & Utilities

Overview

Swytch is a platform for producing and tracking of renewable energy sources.

Features

Swytch is a blockchain-based application that aims to verify and reward the production of renewable energy through the issuance of an ERC20-compliant utility token - SET. Swytch tokens can be produced anywhere electricity can be produced and expended from both small residential and large-scale industrial power infrastructures. Moreover, Swytch token generated, traded, and transferred will accelerate investments and adoption of renewable and sustainable technologies by rewarding production and providing a platform through which those rewards can be monetized and re-invested. Energy production is authenticated using Swytch's Production protocol which solves the problems inherent with PoW and PoS.

Swytch ecosystem is built on four main elements. The first is the Swytch mobile application which acts as a token wallet, allows users to determine their power generation and revenue potential and applies for an advance to purchase and set up their own modular/expandable solar unit. The second piece of the Swytch platform is nodes enabling integration with IoT devices to capture energy production data from the equipment. Third element of the Swytch ecosystem, is the Oracle - an open-source algorithm that calculates Swytch token allocations based on the impact that a given unit of energy has on offsetting carbon pollution and emission. Finally, verified installers will confirm system design and receive rewards for accuracy.

Crowdsale

Token Sale
ICO start date 12 Jun 2018
ICO end date 12 Jul 2018
ICO token supply 203,000,000
Hard cap size 60,000,000 USD (fiat)
Legal
ICO Platform 3
Token details
Ticker SET
Type Utility-token
Additional Token Emission No
Token distribution

10% - Grants & Energy Partnerships
14% - Foundation
15% - Core Team Founders
3% - Token Commons Project Fund
55% - Token Sales
3% - Bounties/Affiliates

Funds allocation

90% - Energy Production rewards
10% - TGE

Ratings

Type of scores
Score
Status
Hype score Medium Active
Risk score Medium Active

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Medium
Swytch ICO Contacts
Website

Ended

$60,000,000

Start ICO 12 Jun 2018
End ICO 12 Jul 2018
Token SET
Price 1 SET = 0.5 USD
Product Type Platform
MVP Only design
Whitepaper View
Swytch rating widget
Rating Get this widget
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