1) What problem are you solving, why do you need blockchain technology and what are the main pillars of Sweetbridge that differentiate you from your competitors?

Sweetbridge is building economic tech designed to free up the value that is locked in assets, commerce and the supply chains which comprise nearly two-thirds of the global economy. Liquidity solutions are often expensive, tie up borrowing capability and can be unavailable to companies that need them the most, particularly in the case of small and medium-sized enterprises. Thus, Sweetbridge views freeing up the $3.9 trillion that is currently tied up in net working capital globally in a manner that is accessible to all can be a profound equalizer in terms of economic opportunity.

Sweetbridge sees the blockchain’s ability to simultaneously reconcile the financial, legal and accounting state of any transaction with reality as a significant technological breakthrough that will generate efficiency gains in commerce that no other technology could currently provide.

There are two main features that distinguish Sweetbridge from other blockchain projects currently in operation.

The first is that our leadership team brings decades worth of real-world commercial experience to the table. Scott Nelson, our CEO, previously founded a supply chain solutions and logistics firm that handled auditing and settlement for 50 Fortune 200 companies, moving trillions of dollars around the globe each year.

Second, Sweetbridge has designed its dual-cryptocurrency ecosystem with a level of crypto-economic rigor and empiricism that few others, if any, in the industry have approached. Bridgecoin is a price-stable token that can maintain its peg against a fiat currency by virtue of the fact that is backed by physical assets and not just market sentiment. Sweetcoin is an innovative token model that serves provides holders with a perpetual discount on services rendered through in the Sweetbridge platform. As the size of the discount grows in accordance with network expansion, all token holders share the same incentive: to continue growing Sweetbridge’s customer base.

2) What value are you adding to your industry value chain and which are the main obstacles to the success of your solution?

Our economy is particularly suited for SMEs and supply chain entities which could realize faster growth and lower costs from greater liquidity, faster payments and reduced counterparty risk.

The biggest challenge that we face, along with probably every other similarly-positioned company out there, is that of regulation. In the United States and elsewhere, cryptocurrency innovators of all stripes are rethinking their plans or holding off on launching altogether until there is more clarity surrounding what the rules are.

3) Why did you decide to launch an ICO and why do you need a public Token Sale?

We’re not launching an ICO as most people probably understand the term, as we’re seeking customers to buy our discount token and use it on our platform rather than investors to help fund the platform’s development, as is the case with most other projects. We have been quietly and slowly rolling out private token sales with full KYC/AML compliance in approved jurisdictions. The initial token sale does provide funding for the Foundation to continue to grow the network in traffic, utility and govern the economic protocols for maximum utility now and into the future.

4) How does your token function within the platform and why is it needed? How did you decide the total supply and distribution among stakeholders?

Bridgecoin will function as a price-stable, fiat-pegged currency specifically for use in trade and allow for near instantaneous and fully AML/KYC vetted payments globally. Bridgecoin is minted when a customer monetizes an asset by placing it in the Sweetbridge Asset Vault, and that currency is then burned once the loan is repaid. The supply of Bridgecoin will thus always be directly backed by the value of assets locked up in the vault.

Sweetcoin provides discounts to holders on fees charged for services rendered by the Sweetbridge platform, such as for borrowing money, making settlements and converting from Bridgecoin to fiat. The supply of SWC is capped at 100 million and is being slowly released in a slow drip fashion as certain benchmarks are met. 65 percent of total Sweetcoin supply will be made available to the public, 11 percent will be issued to team members and advisors, 10 percent will be reserved for non-profit social enterprises, 9 percent will be held in reserve and 5 percent is reserved for funding future Sweetbridge Alliance partners.

5) Where do you see the value of your token in the medium to long term and the ultimate benefit for the token holders?

While cannot speculate on the future trade value of our tokens, we can say that if there is increased economic activity in the form of more collateralization, payments, trade and activation of the coin, and more diverse assets are added to the network, we will expect to see more economic turns and an increased ability to provide better rates, terms and discounts on all services offered in the Sweetbridge economy.

Bridgecoin is designed so as to not fluctuate in value beyond 10 basis points in either direction of its currency peg, while Sweetcoin has intrinsic value in that the size of the discount it provides a holder over any given period is mathematically calculable at any point in time.

6) Thinking about the future, what are your plans after ending the ICO? Are you afraid that the volatility of the cryptocurrency market might affect the economy of your project in any way?

Rolling out a new economy that overlays existing national economies and banks is not a small project by any means. We have outlined many factors that could create volatility in the price of our stable tokens as well as discount tokens, including unforeseen massive market shifts, over-regulation or a lack of regulation in certain regions, as well as technical and security related issues. The cryptocurrency and blockchain space are still in early days and we expect many projects will stumble and add to this uncertainty. We are also certain that with a well-planned, tested and measured approach, new innovation will be successfully solving problems faster than we saw the business adoption of the Internet. We have made every effort to plan the growth of the economy in a responsible way to ensure that additional capacity and capabilities are added only as new economic activity, in the form of users conducting business and transactions come online.

If you want to learn more about Sweetbridge, here is our telegram channel t.me/sweetbridge