Crowdsale commences, partnerships launched, first Sweetcoin distributed and more…

There’s an energy in the air these days at Sweetbridge; a sense that we could potentially be making history. With that comes both excitement and responsibility.

Our developers are making progress on our applications and our first public crowdsale, Stage 4.01, launched 21 May 2018. Because of your support and belief in Sweetbridge we quickly moved to Stage 4.04 — with Sweetcoin at $3.09.

We are proud of the fact that we did that while running a non-hype campaign; without paid reviews, thousands of dollars in banner ads, or inflated promises. We just told our vision and our incredible community did the rest. Thank you!

Our challenge now is educating the wider community; we want everyone to understand that our crowdfunding is a continual process toward a $65million USD goal — not a big bang event like the average ICO — through to Stage 4.30.

We are doing it differently. We are an economy inviting new entrants to build a network effect set to provide participants and members with a lifetime of benefits and discounts.

We still have a long road ahead, but we are confident that we are building one of the most transformative systems for economic opportunity, and it is worth the time and resource to get the foundations right.

For full details, if you have not already, you can visit www.sweetbridge.com/crowdsale to join us towards a better way of working and trading with each other.

Crowdsale Update

Crowdsale Status as of May 30, 2018

The first tranches of Sweetcoin will be distributed for all stages at the end of the first week of June. Those proud owners of Sweetcoin among us might want to understand even further the dynamics of the discount token you have purchased, and we have a wonderful deep dive below on the unique characteristics of the discount mechanism in the article below.

There are some huge misconceptions in the mainstream crypto community about Sweetbridge giving a 166% pre-sale bonus to early entrants, and questions around the token economics. These arose from a live review on YouTube, and like a virus seem to come up repeatedly (Ian Balina, you were so wrong but we forgive you!).

We published the above article to dispel e some of the myths. The misconceptions are understandable in some ways: We are pioneers with a two-token economy model, and there are marked differences in the DNA of our stable token (Bridgecoin) compared to the discount one (Sweetcoin) that can make it difficult to understand.

Hopefully reading the article, written by our new staff economist Michal Bacia, will help readers understand how they might extract value from Sweetcoin.

Note on Price Calculations:

For ETH and BTC contributions, for the last part of Stage 4.04, as committed we will use the 3-day trailing high to calculate the dollar value.

For contributions from Stage 4.05 onwards, each contribution will be translated to USD. We will use the current value of BTC or ETH against USD at the time the contribution is received, according to CoinMarketCap.

We have a new extensive list of FAQs that you can view at www.sweetbridge.com/crowdsale.

Partnerships & Alliance

As mentioned in an article in MRO-Network, we are pleased to have formed an alliance partnership with Parts Pedigree Parts Pedigree is piloting using the blockchain to store and validate part transactions and records with a major aerospace part distributor that has 2,000 customers and 1,500 suppliers. The project will partner with Sweetbridge protocol for transaction settlement. Benefits include significant reduction in level of effort during the invoicing and payment processes.

Tristan Whitehead,a former aerospace and reliability engineer and current principal in Deloitte Consulting’s aerospace practice,will soon be joining as CEO of Parts Pedigree. We look forward to working with him.

Joining Blockchain in Transport Alliance (BiTA)

Sweetbridge Alliance has also recently signed on as an Association Member of BiTA https://bita.studio , an industry consortium of more than 200 leading logistics and supply chain technology companies, trade associations, thought leaders and practitioners, and technology providers. Look for an official announcement on this membership soon.

Events

FedEx ETHMemphis Hackathon

This was a fantastic and insightful week in May where we were able to make a number of meaningful introductions and connections.

Scott Nelson presenting at FedEx ETHMemphis

For example, we managed to work closely with FedEx on the hackathon and with teams from some of the most innovative startups we have seen in a while. If you watch Scott Nelson’s keynote you might join us in saying this was perhaps one of his best presentations ever. The video will be live at the end of this week and we will post it on all our social channels.

The event was a huge success, and we can’t thank FedEx ETHMemphis University Institute enough for all they did to facilitate us being there.

We now have the full recording for you to view at the link below:

SweetMeets

Below are the SweetMeet locations (SweetMeets are our own brand events set up to help build a global membership alliance for the Sweetbridge economy) we have built up since October. We are aiming to paint the globe red!

SweetMeet Tel Aviv

Scott and Karen Nelson, and product manager Gal Mordechai were in Tel Aviv-Yafo for a SweetMeet on the rooftop of Mindspace; overlooking Tel Aviv we held a roundtable session to introduce Sweetbridge to the community there.

SweetMeet London

An event at the Clubhouse in Mayfair, London, followed Tel Aviv and Scott Nelson presented to a full house. You can see a video of his presentation here which talks about the Sweetbridge accounting protocol for the first time.

A recommended watch!

Talking about the Institutions

There is a wave of institutional investment about to hit the blockchain space that will make the inbound $400m capital of venture round investment in 2018 (see Crunchbase chart below) look like a narrow, trickling stream.

Our CFO David Henderson moderated a panel recently at a Novum Insights event in London on this topic. It seems the institutions are waiting in the wings to follow the footsteps of the venture capitalists.

Sweetbridge is uniquely staked to support institutional funds. We offer partnerships that allow financial entities to reap the benefits of the Sweetbridge brand and protocols.

We can support institutional funds through backing on loan books, or as an accounting and self-lending service for retail customers to borrow against pensions and life insurance policies.

These are just a few examples of what the Sweetbridge protocol allows. We aren’t just one product, we are an economic operating system, a protocol, for developing any number of products and tools that can benefit businesses, individuals, governments, and financial entities.

This is the reason we work so hard to stay on top of compliance and why our KYC process is so rigorous — so we can give institutions the trust and security they need to participate in the space.

Protocols for Prosperity

Sweetbridge President of Alliance Mac McGary joined Nasdaq at Consensus 2018 to speak about frictionless global commerce and protocols for prosperity. He is a dynamic speaker on this subject and we are proud of the profile he gives Sweetbridge in the #blockchainforgood space; which is an important part of our core economic philosophy and beliefs.

Here is Mac McGary’s interview with Nasdaq:

AMAs (‘Ask Me Anything’)

Scott Nelson hosted an AMA on our telegram channel pre-crowdsale commencing to answer general questions on the token economics around Sweetbridge and plans ahead. You can view the thread here.

Sweetbridge Product Manager Gal Mordechai presented a product update and review of our week at Consensus on May 14. That following weekend Gal ran an AMA on our telegram channel to talk about the mechanics of Sweetcoin.

We will be running regular AMAs and so far, it’s a credit to the community that these always evolve into vibrant and informative conversations. Our next one in mid-June will be with Dan Fries from CoinCrunch. Stay tuned!

Sweetbridge in the News

Here is a list of a handful of our media mentions in the last few weeks since our last newsletter:

Blockchain Startup Aims to Help Companies Unlock Unused Assets

Supply Chain Titans, U.S. Chamber Eye Blockchain For Global Commerce

How can Smart Contracts be Useful for Business (ODI Report)

Frictionless Global Commerce

Is More Cryptocurrency and ICO Regulation Necessary?

Talk to Us!

The clever aspect of the Sweetbridge economy is that as the network grows, so do the benefits for members. The bigger the network, the greater the discounts so share and engage with us on social media. This is your platform to share!

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If you would like to join our alpha programme and be the first to test Sweetbridge products sign up here.

We are so grateful for all of the support we get regularly from our community. Thank you all for your part in building a better way with Sweetbridge