Swytch

ICO Ended
152 days 6 hours ago

Description

Swytch is a blockchain based application that seeks to verify and reward the production of renewable energy through the issuance of an ERC20-compliant utility token. Swytch has a 1.5 gw pilot program operating in Germany, and has signed MOUs with four cities in Korea. Swytch attaches an IOT device to renewable energy sources that verifies the energy produced and reports it to an oracle that determines how many tokens that energy is worth based on a number of factors, which includes: geography, time of day, source of energy produced. We call this Proof of Production, and for this industry it solves the problems inherent with PoW and PoS.

General
ICO Dates
12 Jun 2018 - 12 Jul 2018
Whitelist / KYC
Country
UK
Ticket
SET
Token Type
ERC20
Available for Sale
Financial
Pre sale Price
1 SET = 0.5
ICO price
1 SET = 2
Accepting
BTC, ETH
Hard Cap
30M $
Tokens for sale
200,750,000
  • 1
    Q2 2017

    Token Commons Foundation formation Initial Funding Swytch Development partnerships and technology development

  • 2
    Q4 2017

    Core technology partnerships Design and Build Proof of Concept, Dashboard, data estimator and Pilots

  • 3
    Q2 2018

    Germany Energy aggregation pilot completion · Additional fundraising round complete · Core technology development, IOT security, and team growth.

  • 4
    Q3 2018

    Complete additional POC's with partner cities · Oracle AI refinement for DACM (Adaptive Module) · Oracle Consortium development.

  • 5
    Q4 2018

    Pro-consumer residential token generation pilots · Oracle open source · International Partnerships growth and scale.

  • 6
    Q1 2019 And Beyond

    Trusted IOT device protocol integration · Government and corporate engagement.