Introducing Swytch!
So what is Swytch exactly? Swytch is a renewable energy incentive powered by blockchain technology, with the ultimate goal of creating a more sustainable and equitable future for the world. Their ICO sale launches on February 15th.
Swytch works by verifying and rewarding the production of renewable energy through the issuance of their ERC-20 token (SET). Swytch is hoping to incentive the investment in various renewable technologies, from large-scale industrial power infrastructure to small residential assets.
By capturing energy production data from IoT and smart devices, as well as market aggregators, Swytch creates immutable geo-stamped proof of production and then distributes SET tokens through their “Oracle.”
Be sure to check out their Telegram at: https://t.me/Swytch
