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Milestones Swytch

Swytch is a Renewable Energy Incentive

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.

3.4
15 expert ratings
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Ended
Token
SET
Type
Price in preICO
1 SET = 0.5 USD
Price in ICO
0.5000 USD
Country
USA
Whitelist/KYC
KYC
Restricted areas
USA
ICO start
12th Jun 2018
ICO end
11th Jul 2018
More on ICO
Report

Milestones

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.

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ICO KYC Report
2 members invited
Andrew Pearsons
Passed
Evan Caron
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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