At its most basic level, Swytch serves as an additional incentive for clean energy producers and fills a gap in today’s market for verified renewable energy consumption. To do so, Swytch will use open source technologies and algorithms to verify and reward clean energy production. The reward will be in the form of an ERC20 compliant crypto-token that aims to incentivize investments in a wide range of renewable and sustainable assets (rooftop solar, distributed utility solar, large-scale grid scale solar projects, wind projects, storage systems, etc.).
From large-scale industrial power infrastructure to small residential assets, Swytch tokens can be generated anywhere electricity is produced and consumed. Swytch provides geo-stamped credentials for production of renewable and sustainable technologies which will serve to create invaluable data sets capturing where production occurs today and informing where production will have the most impact in the future. Furthermore, 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.
Q4 2018 and Beyond
Q1 2019 And Beyond
Attention. There is a risk that unverified members are not actually members of the team
$36 000 000
$45 000 000
$73 692 257
Though the power market is highly competitive nowadays and is supported by large corporations, Swytch has offered an excellent idea of changing incentives for investors to encourage them to develop renewable energy sources in the territories with a lack of traditional energy. Moreover, they have already established multiple partnerships on places. If the idea works, it will show governments that this business is seriously growing and therefore the authorities will have to support it. Swytch looks as a project that is more positive in a long-term perspective than a short-term one.The renewable energy sources are undoubtedly our future. Swytch is making a large step towards this future by developing a decentralized platform resolving some of the problems in the market we have nowaday
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