1/ @sweetbridgeinc Sweetbridge Saturday (it'll be a thing--you'll see)! Some key takeaways from today's AMA with @JScottNelson (sweetstorm): #Sweetbridge #crypto
2/ #Sweetbridge will announce Monday (10/29) in joint press releases news regarding a major award relating to the use of their loyalty system. Sweetbridge won out of 316 projects from 54 countries in what was "probably one of the highest-quality competitions in the space." 🏆
3/ #Sweetbridge will also announce on Monday with a press release from the State of #Arizona its approval and acceptance into the Arizona sandbox for the first tokenized asset lending platform to get approval in the US for title loans. 🏦
4/ Two projects are in contract negotiation to launch full-scale rollouts that will use the #Sweetbridge Liquidity Protocol and Accounting Protocols for invoice factoring (will represent tens of MMs/yr in receivables (implementation should begin within the next month). 💵
5/ The #Sweetbridge wallet has been in beta testing and will go into production use next month. Unlike any other #crypto wallet, Sweetbridge's is actually fit for real-world use, with integrated identity/KYC, compliance, legal agreements, accounting, and payments features. 👏
6/ The #Sweetbridge Accounting Protocol will begin beta testing early next month. It includes a #blockchain-agnostic API layer that makes integration with other systems simple and fast. The Liquidity Protocol and Rewards Protocol are already being integrated. 🤓
7/ #Sweetbridge is also announcing the integration of the Accord Project legal contract system (begins next month and is expected to be completed this year), which will allow holding of real-world assets via real contracts, to be used in the title lending system for #Arizona. 🖋️
8/ #Sweetbridge will begin work on their Settlement Protocol in Q4, and it will likely be ready in Q1 2019. This will complete the major protocols discussed in the original whitepaper (with the exception of the Liquid Talent Protocol). 📰
9/ As a result of change in go-to-market strategy and team restructuring, burn rate has been reduced by 70% and #Sweetbridge now has a business plan that will make the network self-sustaining by the end of next year. 📊
10/ The new go-to-market vehicle is the newly-announced corporate-focused (but not inclusive) Joint Venture structure, designed purposefully to quickly spark network growth. The JV will lock up >50% of circ $SWC for 7 yrs--this should significantly increase short-term value. 📈
11/ ~$25M in discounts going through the JV would have the effect of creating an immediate use value of $SWC of $5. This is irrespective of any resale (speculative) value. In the extreme case, even if there is $0 in speculative value for SWC, it would still have a $5 value. 💰
12/ If your intention is to use $SWC for discounts, then you're at the highest-EV node. If you have no intention of using SWC for discounts at all, and plan to instead #hodl for a VERY long time (remember JV lockup), then the EV of the JV > that of simply hodling on your own. 👌
13/ If you're trying to make up your mind on your intention, and care about maximizing EV, then make your intention to use $SWC for discounts as much as possible. 🤷♂️ #Sweetbridge
14/ Today's highly-anticipated AMA was a sigh of relief for some, a mere confirmation for others. What has up to this point been a fairly under-the-radar #crypto project, #Sweetbridge will certainly be on everybody's radar for many months to come.
15/ Don't trust me--DYOR. Scour their website (sweetbridge.com) and be sure to take to their Telegram channel (t.me/sweetbridge) with any questions you undoubtedly will have.
