Stage 4 Crowdsale Updates and Product Launch

We are expecting to receive the final approvals needed to launch our initial products in various jurisdictions shortly. Over the next 60 days, we will be releasing product information, showing demos to our community and we will release our first applications on or before the close of Stage 4 release.

The Sweetbridge Economy is also committed to delivering an excellent user experience.

We will also be publishing a new crowdsale document to reflect updates to Stage 4. In this we will explain that accredited individuals and organizations will be able to participate in North America prior to general public in the US. We don’t like the fact that this is true, but it is the reality of the current regulatory environment. Many of these individuals have large cryptocurrency holdings and being able to access the value trapped in these holdings without selling them is of particular interest to these large crypto holders under current market conditions.

We have had tremendous support and interest from individuals in locations where we don’t yet have approvals to operate. Many have already gone through our Membership application process. We want to make sure that all of our supporters have an opportunity to participate in the discount economy made possible by Sweetcoin.

Therefore, we will be breaking the Sweetcoin release in Stage 4 into country-based releases that are proportionate to the interest registered by individuals within each country to date. Stage 4 will be broken into as many as 11 sub-stages (4.A — 4.K), depending on the timing of regulatory clearances in the 11 founding countries. This means we will be releasing $3M to $7M (average of $5M) Sweetcoin through each of these 11 country-specific Stage 4 releases.

Any balance of Sweetcoin remaining from the $54M originally targeted for the Stage 4 release will be held either for future release as the network grows or for users that:

Have registered an interest in Sweetcoin by signing up before the first Stage 4 release

Have gone through our membership process successfully

Live in countries or are citizens of countries in which we are not yet operating

We will not be predetermining the pricing on the Sweetcoin after the first six months of Stage 4 and beyond, but we will be providing a discount of 10% on the market price to anyone that buys Bridgecoin and places it in a queue prior to the release of Sweetcoin within their country.

As each new jurisdiction is released, new customers will be entering the system who will want to use Sweetcoin to receive discounts. This is important because it will protect the discount value of Sweetcoin that has already released. Sweetcoin is not being sold like most cryptocurrencies as an investment, it is being sold so users can receive discounts when they lock it in their Sweetbridge wallet. For each month that a user’s Sweetcoin is locked up, that user is entitled to a discount on fees incurred from using the Sweetbridge network.

It is highly likely that Bridgecoin and our applications will be approved for use in some of these countries prior to the ability to sell Sweetcoin as a method of discount. This should further increase the demand for discounts from Sweetcoin once it is released and limit the fall of discount pricing on Sweetcoin, as the typical buyer will want to lock it up to obtain the discounts instead of selling it on a secondary market.

Summary

We are pleased to be able to start talking about our long-term plan to operate licensed exchanges and are excited to start getting user feedback on our digital wallets. We want these to be fully compliant within local regulatory environments and set the standard for a new type of cryptocurrency — a transparent cryptocurrency designed for commerce.

We will also be seeking feedback from our community as we begin releasing our user interface designs, showing demos and releasing beta systems for testing.

The next few months will be exciting. Stay tuned!