Swytch Community And Token Update Feb 12 2018

Dear Swytch Community Members,

We are excited to be reaching out to our community members to share some recent advancements in the Swytch project and initiatives. Before doing so, we want to thank you all for your support of our project and mission. The solution we will be building together has the power to enact real, positive changes for our planet and we are committed to working with you all to make that possibility a reality.

We have spent the last few weeks working toward launching our public token sale and the feedback from the community has been overwhelmingly positive. We have received incredible interest in the private pre-sale from large US and global institutional entities as well as a number of community members. In addition, we have brought on new advisors to our project with incredible experience and networks who have provided invaluable strategic guidance.

Based on the incredible momentum and changes mentioned above, Swytch will be extending our private pre-sale. This will allow for the large number of US accredited investors to contribute and for key strategic partnerships to be announced ahead of the public sale. Additionally, Swytch will be introducing a new cap, decreased token price, and reduction in the capital raised to be in line with current market conditions. We believe this will result in a more equitable distribution of tokens to the community and the broad network needed to reach global scale. Our terms will be updated in the whitepaper as follows: $60M hard cap with a discounted $0.50 public sale price. The new date for the TGE will likely be in early April with a firm date to be announced at the appropriate time.

To those individuals who have participated in whitelisting and in our private pre-sale: please know that your reservations will automatically be increased to the level commensurate with the reduction in public sale pricing.

We will continue being diligent with our registration requirement with both FINMA and filing for exemptions in the US to be in compliance with all US based restrictions on utility tokens. In that vein, please remember that full completion of the AML/KYC process will be required to complete token purchases.

We appreciate your patience and support and look forward to continuing to grow our team, our vision, and our community.

Thank you,

Evan Caron, Cofounder and Managing Director