SWU, the Platform That Wants to Reinvent the Energy Market

Disclaimer: The textual content under is an advertorial article that was not written by journalists.

The robust progress in power consumption is forcing governments and gamers on this sector to rethink present fashions, via the integration of renewable energies into manufacturing techniques. Blockchain expertise has the potential of changing into the actual catalyst for an entire reorganization of the power sector, bringing a excessive diploma of transparency to this ecosystem.

That is exactly what SWITCH intends to obtain by organising a market devoted to power supported by a token that shall be the principal device making certain its operation.

Presenting SWITCH

SWITCH is a specialist in the subject of power and has turn out to be one in every of the French leaders in the subject of power price optimization. The corporate responds to a significant want in the power subject: the lack of understanding and time out there to people. The answer developed by the SWITCH crew is subsequently a turnkey service geared toward optimizing these power outlays.

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SWITCH is the first “power retailer” in France that provides prospects the possibility to select their very own provider in accordance to their price range. The corporate’s supply is developed round the following merchandise: SWITCH Name for telephony and SWITCH Energy for gasoline and electrical energy. The primary “Chez SWITCH” franchised retailer was opened in 2018 in Reims and 10 different shops are at the moment in operation. The agency goals to roll out 200 shops throughout Europe by 2023. As well as, SWITCH plans to broaden its mannequin to different power sectors, reminiscent of water.

In figures, SWITCH is :

  • 1.5 million present prospects
  • 15 years of expertise in the power sector
  • 500 staff
  • A turnover of 5 million euros in progress
  • Greater than 5,000 prospects per 30 days.

To facilitate the implementation of its aims, the agency has proceeded to create its personal cryptocurrency: the SWU which shall be used on this construction, with consistency at the coronary heart of its considerations, providing prospects entry to the least expensive power on the market.

SWU Options

SWU (Good World Union) is a multi-functional ERC-20 token created on the Ethereum blockchain. Like most digital currencies, it allows clear, quick, safe and verifiable transactions on the blockchain in any respect phases of the worth chain from manufacturing, shopping for and promoting to supply and consumption.

The SWU token shall be accepted as a method of cost inside the SWITCH ecosystem for the companies provided in addition to for the cost of power consumption. Reductions shall be supplied for cost in SWU tokens.

Considered one of the most vital options of SWU is its liquidity: it may be used on a number of blockchains, reminiscent of Ethereum, Solana or Binance Good Chain.

Anticipated advantages for SWU token holders

SWU staking will entitle the holder to an annual return in rewards. Holding SWU tokens can even permit the holder to take part in sure SWITCH choices and to participate in the evolution of the firm over time, significantly in its worldwide growth.

SWITCH additionally plans to arrange a sponsorship construction designed to create an moral circle of inexperienced power, via the participatory financing of tasks with an ecological goal. SWU holders can even give you the chance to select the tasks they need to assist.

An ICO for the launch of the SWU token

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The SWU providing may have 300 million items which shall be distributed as follows:

50% shall be distributed at the ICO

20% shall be held in reserve

15% shall be allotted to advertising and marketing and bonuses

15% shall be allotted to associates

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A pre-sale operation of SWU happened in December 2020, with 5,000,000 items issued at €0.04. The precise ICO is predicted to happen throughout September, with a value set at €0.08 per unit. In October, the SWU shall be out there on the market at a value of €0.10. Unsold tokens shall be destroyed, to restrict the variety of tokens in circulation.

Every transaction shall be topic to a levy of three% of the tokens, of which 1% shall be burned, 1% shall be redistributed to long-term holders and 1% shall be used to fund sustainable growth tasks.

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Written by CryptoMoonPicks

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