hello@switx.network www.switx.network Network The decentralized mobile data economy • 1
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SWITX Switx uses the blockchain to create a transparent peer to peer market for the sale, purchase and exchange of mobile data packages in real-time. The Switx Network T oken provides utility for basic services (e.g. micropayments for content, bandwidth peering), and as the basis of secondary marketplaces for network capacity. By building a large pool of mobile data consumers, SWITX would drive a competitive market that have a strengthened negotiation influence for the best deals from telecom carriers looking to expand market share and service efficiency. 3
PROBLEMS Although mobile data The demand curve for consumption continues data appears to outpace to grow for the the carriers’ capacity, operators, the service which means that users remains costly and poor. sucking down a tremendous amount of data are a problem. 4
CURRENT SOLUTION Operators have made significant advances in overhauling their pricing models for data. However, consumer and enterprise demands for shared data, sachet pricing and M2M bundles are growing, putting operators under continual pressure to refine their approaches. 5
CURRENT SOLUTION Most operators manage network capacity with congestion pricing and fair usage policy which reduces quality of service for savvy users. 6
OUR SOLUTION A decentralized mobile data market built on the blockchain to dynamically optimize bandwidth sharing and pricing model within a microeconomic framework using the concept of sachet auction and bargaining. 7
HERE IS HOW SWITX WORKS Users set up and broadcast Vendors setup leasing Nodes and The providers compete in a 1. 2. 4. renting Nodes. The bid from submit the asking price. Both leasing free market and has an each user is submitted to the and renting Nodes search for the incentive to take the best masternode pool by using optimal asking and bidding prices to strategy especially where the bidding message. The reach a strike. However, they do not he doesn’t know the bid consists of the amount of have information about each other. bargaining positions of its bandwidth resource and the competitors. Matched orders are settled on the 3. bidding price. Orders are blockchain, where each successful Bandwidth is efficiently 5. collected by pool nodes, trade between parties appears as a utilized and managed by matched and pushed to the set atomic dyed coins swap the network with a runtime carrier. In this system, the transaction. The service provider algorithm controlling their pool can accept the service allocates resources/bandwidth transmission rates while from the provider based on according to the users’ bids to fulfill minimizing the cost they price and satisfaction with its order. This allocation is based on a pay for the used performance. discriminatory auction. bandwidth. 8
THE SWITX WEB APP Consumers (Renting Nodes) • Make bid requests. • Network data, usage and bandwidth Considerations Quality service Affordability Switching flexibility Carriers (Leasing Nodes) • Sell Data • Manage simultaneous bandwidth usage 9
Consumers save 62% with SWITX TRADITIONAL DATA SWITX PRICING PACKAGE PLAN $2/GB 75¢/GB Flat subscription fee Innovative/Competitive Pricing Plans • • 5% of V.A.T + fees - 25% of the average owner’s profits • • Expensive switching cost No charges for unused bandwidth • • 10
Carriers optimize bandwidth usage by 40% TRADITIONAL SWITX DISTRIBUTED ALLOCATION MODEL MODEL ? ? 11
PRODUCTS Switx’s value proposition to service providers is that they can fully capitalize on the economic interactions between their applications and users. T o allow those economic interactions, Switx creates an extensible platform for over-the-top service integrations with a core system that allows global, instant, and cost- effective trustless payment channels established between parties. Current built in applications include: Short Messaging Service Voice Over IP Video and Conference Caller Live Streaming Radio Application Third party service integration may include selling computing services, like cloud computing, building localized network architecture, or tier route for data passage. Other use cases could emerge, such as online game, live stations, or data swapping. 12
BUSINESS MODEL The SWITX business model is based on a simple principle. Every transaction is done with the SWX tokens and thus the interests of customers, vendors and investors are aligned. There are basically three streams of revenue generation: Entry fee Subscription Rent Premium contents Access Charge Transaction Fee Over every successful trade or exchange, Switx takes 0.25% as processing fee. Businesses and developers application deployed on the SWITX platform will pay SWITX tokens on periodic basis to host their services. 13
MARKET SIZE Mobile Data Market Global telecom is a $6 trillion growth industry Mobile broadband connections to increase from 55% of total in 2016 to 73% by 2020 Mobile data traffic to grow by a CAGR of 47% over the period of 20162020 By 2020, there will be 5.7bn smartphones, growth of 1.9bn from the end of 2016. Total mobile revenues reached $1.05 trillion in 2016, up 2.2% on 2015 14
The SWITX TOKEN (SWX) The native currency of the SwitxNetwork is the SWX. This will serve as the medium of exchange within • the SwitxNetwork. The Switxtoken is necessary for the system to allocate network capacity among concurrent clients. • It provides a means for tracking data mobility, storage, value exchange and transmission, • consequently to grant users access to system infrastructures based on package terms. The system uses the token to optimally manage resource allocation, bidding models and balance • matching trade. SWITX will be created prior to the ICO, and they will be capped, meaning we are not able to create • any more in the future. T oken supply is fixed, we create immediate deflationary currency that will be as valuable as our • growing community (users and services) in our ecosystem. Any unsold SWITX token created for sale during pre-ICO and ICO will be burned. 15
ICO DETAILS The total supply will be 250,000,000 SWX, the smallest available denomination being 1000 unit per SWX. The crowdsale will be capped at $7 million USD, in terms of Ether and Bitcoin. As soon as this amount is reached, the smart contract will stop accepting funds. At the end of the crowdsales, token transfers will be locked for two months. The following table below shows the overall specification and breakdown of the token. Token Allocations Spending Allocations The capital raised from ICO will be utilized for Description Amount Switx operations, marketing and PR, legal and IT Total supply 250,000,000 SWX development costs. The main focus of our Minimum unit 1000 expenses will be on the technical development Sold during crowdsale 70% of the platform. However, marketing & sales will Marketing 20% be allocated a growing importance, as the Team & advisory 13% success of the platform depends on attracting the right supporters and businesses through Contingencies 14% diverse paid advertising tactics. Other expenses include paying for IT infrastructure, rent & trademarks. Switx will be cashflow positive soon after the launch and will utilize additional capital to support international expansion. 16
TEAM Rasheed Alabi AbdulHafiz Ahmed Joseph Peculiar Co-Founder / Business Co-Founder / Operations Co-Founder / Technical • • • System Architect Methodological Mathematics Astute Developer • • • Telephony Geek Model Designer Ui/Ux • • • Knows a lot about Blockchain algo Business Developer Blockchain Enthusiast 17
VISION “Once Switx get millions of end points we will have degrees of freedom to do interesting things like peering. If we are able to have a point to point close connectivity among our nodes and never hit the PSTN [public switched telephone network], there’s would be a significantly lower cost towards an absolutely freely connected world and we can capitalize as the center of the whole telco value chain.” 18
ROADMAP 19
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