Road Map March 2018
Inception of SWTCoin Project
10th April 2018
End of Pre-Sale of SWTC tokens on WAVES Platform
16th of May Creation of SWAT token on the WAVES Platform:
(Break up - 290 million Total Supply, 151 million for Pre-sale Investors, 20 Million for Bounties, Bonuses and Airdrops, 119 million for ICO, Private placements and Strategic investors Allocations - total 290 million)
16th May to 15th June 1:1 exchange SWAT for SWTC
17th May 1:1 Exchange of SWTC to SWAT Completed.
April to 15 June 2018
Development of mineable SWTCoin using a forked CryptoNote algorithm. Development of Wallet, Blockchain, Seed nodes and setting up of Initial infrastructure.
The algorithm will be based on a proprietary Verified MacID Secured Payment (VMSP) infrastructure and the same technology will be used for (POW) mining as well. Mining can be done only on devices (Android based Pocket Miners that can also be used as Mobile Phones/Tablets) with built-in mining software, sold by SWTCoin on our website through an exclusive Webstore and is secured by the unique MacID/IMEI pair of the device). More Details about the technology is in the White Paper. Detailed information will be released once an application is filed for patenting both the product and the mining process based on the VMSP infrastructure technology.
The profits generated from device sales will be shared via airdrops every quarter to all stake holders in the ratio of 40:40:20 meaning 40% profit shared with stake holders in proportion to the SWT Coins held by them as per a quarterly snapshot, 40% for future development and research to take the coin and the business to greater heights and 20% for maintenance of infrastructure and overheads.
16th June 2018
Release of the new SWAT Wallet and coin.
17th June 2018 to 16th July 2018
SWAP of SWAT tokens issued to WAVES Wallet with new SWTCoins released based on the forked CryptoNote algorithm.
17th July 2018 to 16th Oct 2018
Listing of the NEW SWTCoin on three exchanges.
15th September 2018 to 15 October 2018
Prototype testing of Pocket Miner Devices for mining efficiency and device technical compatibility and stability. Manufacturing tie up with OEM suppliers for production of Pocket Miners with pre-installed mining software and pre-order of Devices on SWTCoin/Pocket Miner website.
Device Release for trial sale through pre-booking for market acceptance testing on exclusive Pocket Miner Webstore and other distribution channels.
17th Oct 2018 to 31st Dec 2018
Commencement of Regular Sale of Pocket Miner Devices. Setting up of back end customer support arrangement for technical and software related assistance.
2019
1 Jan 2019
First Airdrop of Quarterly Profits.
Additional research and Development to upgrade the Pocket Miner as a stand-alone device that can be connected to various appliances, automobiles etc., so that customers can generate coins to subsidise their electricity charges, fuel bills, Talk Time Payments, Data and Cable Charges etc., The future is to put one Pocket Miner Device in every single kid’s pocket so that even the pocket money and educational needs of kids can be subsidised in a secure manner.
15th Jan 2019
Review of performance and release of new Road Map for the next two years.