Switch Litepaper

Discover how the Switch ecosystem integrates blockchain technology to create a secure, transparent, and community-driven financial platform that rewards participation.

What's Inside

Litepaper Contents

Our litepaper provides a comprehensive overview of the Switch ecosystem, from our core technology to governance structure. Explore the full document to understand how Switch is building the future of decentralized payments.

Disclaimers — Page 1

Glossary and Structural Overview — Page 2

Introducing Switch Reward Card — Page 3

The Switch Ecosystem — Page 4

Debit Card Management — Page 5

Marketplace & The Switch Card — Page 6

The Black Card, Switch Digital Rewards, Switch Nodes — Page 7-9

Proof-of-Action Protocol — Page 10

Switch Distribution Engine, Reward Card, Node Governance — Page 11

Switch & Utility — Page 12

Future Road Map
(Lending, Merchant, e-Commerce Processing — Page 13

Key Tokenomics

Understanding the SWITCH digital reward distribution model.

Maximum Supply: 50 Billion

Year 1 Distribution: 25 Billion

Halving Schedule: Annual

Genesis Date: Feb 25, 2022

Smart Node Capacity: 100,000

Decentralized Governance

Distributed Governance Framework

The Switch Blockchain is governed by a Distributed Governance Framework (DGF) composed of the Switch Node Network, ensuring the platform serves the community's needs.

Node Owner Governance

Control over the distribution of SWITCH resides with the Node Network DGF. The framework is comprised of Switch node owners and is structured to ensure Switch Reward Card does not have veto authority over the Node Network DGF.

Swiss Trust Security

The SWITCH Blockchain genesis keys are held in trust by a Swiss trustee responsible for maintaining and securing the network, providing an additional layer of security and accountability.

Documentation

Download Our Litepapers

NovaGuide Litepaper illustration

Litepaper

Complete overview of Switch Reward Card products, the Switch App, Card, and ecosystem components.

DGF Litepaper illustration

DGF Litepaper

Details on the Distributed Governance Framework that governs the Switch Blockchain and Node Network.

Note: Switch Reward Card DAO LLC is hosting a copy of the Switch DGF Litepaper on behalf of the DGF. The Switch Distributed Governance Framework (DGF) governs the Switch Blockchain. These documents supplement each other.

Important Notices

Digital Assets and Custody are provided by Ibanera LLC and Vault IST DMCC. Ibanera LLC and Vault IST DMCC are not insured depository institutions or banks. Digital assets are not legal tender, are not insured by the Federal Deposit Insurance Corporation ("FDIC"), and are not subject to protections afforded to bank deposits. Digital assets are subject to extreme price volatility and may lose value. Digital assets held in your digital asset account (i.e. rewards wallet or trade wallet) are not insured by any governmental entities, including but not limited to FDIC. As with any asset, the value of digital assets can go up or down and there can be substantial risk that you lose money buying, selling, or holding, in digital assets. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. No bank guarantee and may lose value.

Switch Nodes and the Switch Blockchain are governed by a Distributed Governance Framework, which is distinct from and not controlled by Switch Reward Card DAO LLC (Switch Reward Card). Any value derived from Switch Nodes and Switch Rewards is likely to be uncorrelated with the success or failure of Switch Reward Card.

Switch Reward Card does not sell digital rewards. The Switch Blockchain, which is governed by Switch Node owners, self-governs the distribution of Switch Rewards. Switch Rewards are earned in exchange for work and action on the Switch platform. Switch Rewards are digital rewards designed to have utility on the Switch platform for the purchase of Switch's products and services. Switch Rewards is not an investment product and may never have any value outside of the Switch platform. Switch Node owners should not expect to recognize any value from Switch Rewards other than its utility on the Switch platform. Switch Reward Card does not anticipate correlation between Switch Rewards' value and Switch Reward Card's business activities.

Banking services including USD deposits are provided by Cross River Bank.

Switch Reward Card, DAO, LLC operates as a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). We are also a proud participant in the FinCEN 314(b) voluntary information-sharing program to help detect and prevent money laundering and terrorist financing.

SWITCH REWARD CARD RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF SWITCH SERVICES IN CERTAIN COUNTRIES OR REGIONS.

SWITCH ERC-20 Contract Address: 0xb10cc888cB2CcE7036F4c7ECAd8a57Da16161338

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