SWFT

SMART WORLDWIDE FINANCIAL TECHNOLOGY

Whitepaper
Version 7.1
Contents

1 Introduction ...................................................................................................................... 4
1.1 Background on blockchain technology 4
1.1.1 What is blockchain? .................................................................................................................. 4
1.1.2 Unique advantages of blockchain technology ............................................................... 4

1.2 Industrial Pain Points 5

2 The SWFT Platform Landscape ................................................................................ 6

2.1 Business Objectives and Advantages of SWFT systems 6

2.2 Revenue Models 9

2.3 The Timeline of SWFT 10

3 SWFT Token....................................................................................................................................11
3.1 Introduction to SwftCoin Token 11

3.2 SwftCoin Use Case 12

3.2.1 SwftCoin Main Use Case ....................................................................................................... 12
3.2.2 Why SwftCoin ........................................................................................................................... 13
 3

3.2.3 To get SwftCoin ........................................................................................................................ 13

4 Technical Analysis ...................................................................................................... 14

4.1 Exchange Processing 15
4.2 Overall Architecture 16

5 Team ........................................................................................................................................... 17
5.1 Core Members 17
5.2 Competition 18
5.3 Advisors 18

6 SwftCoin Development Plan .................................................................................. 21

6.1 SwftCoin Distribution Plan 21
6.1.1 Exchange Ratio and Timetable .......................................................................................... 22
6.1.2 Thaw Plan .................................................................................................................................. 23

7 Appendix ......................................................................................................................... 24
7.1 Terms 24
7.2 Frequently Asked Questions and Answers 25
7.3 Disclaimer/Risk Warning 27
7.3.1 Disclaimer .................................................................................................................................. 27
7.3.2 Risk Warning .............................................................................................................................. 27

7.4 References 29
 1. Introduction

1.1 Background on blockchain technology

1.1.1 What is blockchain?
Blockchain is essentially a decentralized database of decentralized accounts and it is the under-
lying technology for all cryptocurrency. It was first conceptualized by Satoshi Nakamoto in 2008 and
implemented the following year as a core component of the digital currency Bitcon, where it
serves as the public ledger for all transactions. Through the use of a peer-to-peer network and a
distributed time-stamping server, a blockchain database is managed autonomously. While Bitcoin as
a cryptocurrency caught the attention of the mainstream media, as the main technological innovation
of Bitcon, blockchain has soon gained its momentum.

Blockchain refers to a technical program used to collectively maintain a reliable database

in a decentralized and trustless manner. This technical program allows the nodes in a system to
use cryptographic algorithm to calculate and record all information exchange data in the system
within a period of time into a block, as well as generate the fingerprint of the block for chaining and
calibrating the next one. All nodes in the system will jointly authenticate the validity of the record. The
blockchain is featured by four characteristics: Decentralization, Trustlessness, Collective
Maintenance and Reliable Database.

1.1.2 Unique advantages of blockchain technology

Distributed Decentralization: In a traditional decentralized network, an effective attack on

a central node (for example, a payment mediator) can destroy the entire system, while in a
 1.2 Industrial Pain Points 5

decentralized network, such as a blockchain, attacking a single node cant control or destroy the
entire network.

Trustless System: on the blockchain network, by means of algorithm of self-restraint, nodes on

the network will reject any malicious behavior. Therefore, the Blockchain system does not rely
on the central authority support and credit endorsement.

Data Persistency: Blockchain technology uses a one-way hash algorithm, and each new
block must follow the rule of adding new data. Each block also contains information about
its previous block, making data modification almost impossible. You can think that financial
records on a blockchain are permanent. They cannot be changed or deleted.

1.2 Industrial Pain Points

I. Inefficient Exchange Processes: The first step a customer must make before they
can trade in domestic and foreign cryptocurrency platform or OTC market is to open an
account with a cryptcurrency exchange. Customer has to go through a lengthy and compli-
cated process to just on board. The call for building a robust and a more user-friendly trade
process is in high demand.

II. Low Inventory: To date, digital currency trading platforms support only limited
cryptocurrencies. In order to participate in larger potential returns, customers will have to
register and manage trade at each individual exchange platform.
III. Inadequate market depth: A single digital currency trading platform lack of
trading depth, therefore requiring currency exchange at different digital currency exchanges
when trading in large amount. In this case, the customer is not only facing high exchange fee,
but also risking the currency fluctuation.
IV. High Investment Risk: Customer is risking the currency fluctuation when trading
at the exchanges due to the absence of hedging instrument.

Therefore, to build an integrated trading platform and provide users with more concise, safe
and inexpensive full range of cryptocurrency transfer services will be greatly improved the effi-
ciency of digital money and the currency market; It will be also be the most important innovation
of the blockchain and even the Fintech sector.
2. The SWFT Platform Landscape

2.1 Business Objectives and Advantages of SWFT Systems

Built by the leading minds in Artificial Intelligence, Big Data and Blockchain, SWFT inte-
grates the world s major exchanges to effectively achieve hedge risking, provide customer with
an easy and efficient platform for cryptocurrency exchange. SWFT supports four currency ex-
change types, they are: Fiat to Fiat; Fiat to Cyptocurrency; Cryptocurrency to Fiat; Cyptocurrency
to Cyptocurrency. SwftCoin is the only payment method for transaction fee on SWFT platform.

Figure 2.1: SWFT platform sketch

7 Chapter 2. The SWFT Platform Landscape

(a) Individual User

(b) Commercial User

Figure 2.2: Services senarios

2.1 Business Objectives and Advantages of SWFT systems 8

Our business objectives and services scenarios include the following:

Individual User: SWFT is a safe and robust cryptocurrency exchange platform with low
transaction fee. It can be accessed through web site or mobile application. User is responsible
for local KYC/AML compliance. (Figure 2.2)

Commercial User: SWFT provides a set of machine learning and big data mining based
exchange paring algorithm engine for banks, corporate and exchange companies, further-
more, enabling a safer, faster and affordable trading environment. (See Figure 2.2)

Cryptocurrency Exchange Platform: SWFT provides standard API usage for Floor and
Over-The-Counter (OTC) trading, bringing in more stable traffic and quality users to the
digital currency exchanges.

Cryptocurrency Company: SWFT provides standard API usage for a variety of cryp-
tocurrencies, significantly improve cryptocurrency usage scenario. For example: a company
can exchange or trade on-handed digital currency into other type of cryptocurrency or fiat
through SWFT.

Following are the main advantages of using SWFT:

Quick and Easy Process: Cryptocurrency exchange through SWFT is fast and convenient. We

provide a machine learning and big data mining technology based transaction pairing algorithm
engine that could proactively resolve the problems of insufficient market depth and the limitations
on exchange currency.

Affordability: The traditional cross-border payment model has higher remittance fee due to

associated high costs. They are payment processing costs, receiving costs, financial operating
costs and reconciliation costs, total of which about 75% belongs to the transit bank payment
network maintenance costs, 25% for compliance, error investigation, and foreign exchange costs.
By integrating Artificial intelligent deep learning, big data and block chain technology, SWFT
platform could make each conversion costs significantly lower.

High Quality Asset Allocation: Through AI algorithms, SWFT application platform can
 9 Chapter 2. The SWFT Platform Landscape

achieve optimal digital asset allocation, as well as digital monetary preservation and appreciation.

Strong Global Partnerships: SWFT will gather worldwide major exchanges and OTC mar-

kets to provide users with the latest and the most comprehensive information of digital monetary
assets.

2.2 Revenue Models:

Trasaction fees: Revenue is generated through transaction fees by the customer paying for
a transaction to SWFT platform. Transaction fees will only be accepted in the form of SwftCoin
Token (See Chapter 3). The demand of SwftCoin foresees a rapid growth from the increasing
users scenario and platform traffic. Our goal is to make SwftCoin a universal standard for
crytocurrency conversion fee.

Service Fees: The SWFT platform offers a range of services, including but not limited to the
following:

Automatic exchange under complex conditions: By generating the latest and the most

comprehensive trading information around the world, customer will be able to received the
best currency exchange mensuration.

Intelligent Quantitative Conversion Strategy: At SWFT platform, we apply sophsti-

cated machine learning models such as RNN, to predict the price movement of various
currencies, and optimizing investment strategies for our users.
 2.3 The Timeline of SWFT: 10

2.3 The Timeline of SWFT:

The milestones on this road are:

2017, October to November SwftCoin sets to launch at major exchanges.

2017, December Launch of SWFT mobile app (enable exchange services at 4 major ex-
change platforms).

2018, June Global expansion in providing exchange services for up to 40 currencies at 20

exchanges platforms.
3. SWFT Token

3.1 Introduction to SwftCoin Token

SwftCoin, based on Ethereum, is a new decentralized blockchain asset. Following ERC-20
token standard, SwftCoin has similar function as Bitcoin, LitCoin, Ethereum. We choose the
Ethereum platform for the following considerations:

Development cost: Ethereum provides the solid standard. It makes the distribution and
reservation safe and efficient. We can utilize Ethereum smart contract to build the transpar-
ent and robust system.

Security: Ethereum has tremendous nodes to maintain the Ethereum network, which
indicates that Ethereum itself is secure enough for crowd sales.
Liquidity: SwftCoin has its own address, which is based on Ethereum. And SwftCoin has
its exchanges, which can provide enough liquidity for each user.
 3.2 SwftCoin Use Case 12

3.2 SwftCoin Use Case

(a) SwftCoin use case I (b) SwftCoin use case II

3.2.1 SwftCoin Main Use Case

SwftCoin as the crowd sales token, can be used as:

I. SwftCoin is the only payment method for transaction fee on SWFT platform.
SwftCoin can be bought on exchanges.

II. Use as the main payment method for transaction fee on major exchanges and OTC
markets. To be the universal standard for cryptocurrency conversion fee, we will
collaborate with exchanges worldwide to achieve SwftCoin implementation.

III. Use as the ONLY payment method for service fee. SwftCoin will collaborate
with traditional financial institution and cross-border payments companies. We provide
them with blockchain solution and use SwftCoin as settlement fees.
 13 Chapter 3. SWFT Token

3.2.2 Why SwftCoin

We choose SwftCoin because:

I. SwftCoin is based on a decentralized blockchain system (Ethereum), does not rely

on any companies. The token will exist forever.

II. SwftCoin does not involve transactions with fiat.

III. SwftCoin can be the way to escrow the exchange between different cryptocur-
rencies.

IV. The OTC Market needs a cryptocurrency for settlement and clearing to avoid the
fiat regulatory risk.

V. The financial institutions and cross-border payment companies need an unified

currency to escrow.

3.2.3 To get SwftCoin

Similar with Bitcoin and Ethereum, there are two ways to get SwftCoins:

I. Blockchain transaction: Each user will have an exclusive address for initiating transac-
tions and receiving fund on Ethereum blockchain. The process is transparent and irreversible.

II. On Exchanges:

People can buy SwftCoin on the mainstream token exchanges. When SWFT exchange is onboard,
users can directly buy SwftCoin from SWFT exchange.
4. Technical Analysis

In this chapter, we introduce the exchange between fiat and cryptocurrency as well as different
cryptocurrencies. We have four kinds of currency transactions:

Fiat -> Fiat

Fiat -> Cryptocurrency
Cryptocurrency -> Fiat
Cryptocurrency -> Cryptocurrency

We provide smooth, effective service to support the exchange.

 15 Chapter 4. Technical Analysis

4.1 Exchange Processing

Figure 4.1: Exchange processing

In Action 1, User submits the trade request.

In Action 2, SWFT searches the best route for specific trading pairs.

In Action 3, User gets the result from the contract and gets the certain amount coins.
 4.2 Overall Architecture 16

4.2 Overall Architecture

Figure 4.2: Platform architecture

Client APPs: iOS/Android/Web. The Client APPs make it easy for individual and institutional
users. Users can use SWFT exchange on their computers and smart phones.

Backend: SWFT backend is the crucial part, which includes Account Management System,
Currency Exchange System and Multiple Exchanges Bridge System. The multiple exchanges
system connect other mainstream exchanges and combine the information to SWFT backend and
eventually enables SWFT exchange to provide more liquidity.

Data Storage: We use local storage combined with advanced distributed cloud storage solu-
tions to ensure data safety and duration.
5. Team

5.1 Core Members

Lan, Bo (Ramble): President of North American Blockchain Association in California, U.S.A;
CEO of Guiyang Blockchain Incubator in Guizhou Province; Partner of Guiyang Blockchain
Fintech Capital Fund in Guizhou Province; Chairman of Fujian Supply Chain Blockchain
Association in Fujian Province, China;Founder of Goocoin Inc, the first Cryptocurrency Mobile
App in Beijing, China; Ramble has been the pioneer in cryptocurrency and blockchain technology
since 2010.

Wan, Qian: Graduated from Tsinghua University and North Carolina State, he has been
working in Silicon Valley in the United States for 12 years as a senior technical manager of Read-
encommerce and Chief Technology Officer of GooCoin, specializing in encryption algorithm and
blockchain technology.

Niu, Xingtao: Graduated from Tsinghua University, he has been served as a technical senior
for 15 years. And he once worked as Chief Technology Officer in electronic business company,
game company and stock exchange.

Mao, Lianqiang: Graduated from Tsinghua University and Johns Hopkins University, he
once worked as a full stack engineer of Snapcard money transfer via blockchain in Silicon
Valley with proficiency of the base of robotics technology.

Huang, Xin: Graduated from Tsinghua University and Columbia University, he once worked
as full stack engineer of a startup of Blockchain in Silicon Valley and good at engine development
of currency trading.
 5.2 Competition 18
Ren, Yong: Graduated from Tsinghua University with proficiency of AI technology and base
of Ethereum.

Wang, Shiyu: Graduated from University of Oxford, she is a former enterprise, government
and banking consultant of KPMG.

Zhang, Mo: Graduated from Tsinghua University, he was in charge of the overall construc-
tion of cross-border payment system, risk prevention system and personal financial system in
China Minsheng Banking Corporation Ltd.

Liu, Gang: Graduated from Tsinghua University, he is a former operation manager of 360
products in Tencent

5.2 Competition
Core members of the team include many early players from Bitcoin community. Technicians
have years of experience in business development and operations in crytocurrency exchange. The
team is proficient in Blockchain, automated trading, machine learning, big data and Artificial
Intelligence.
Our team has established a strong relationship with government. Many core members of the
team and advisors have been working as Blockchain consultants in legal profession, relevant
financial institutions and government. And they have been the first batch to Financial Blockchain
Regulatory Sandbox in Guiyang. Moreover, we proactively communicates with China Securities
Regulatory Commission, the People's Bank of China, State Administration of Foreign Exchange, and
overseas financial institutions.

5.3 Advisors

Tan, Lei: The author of Blockchain 2.0 co-founder of Blockchain Association in North
19 Chapter 5. Team

America. Graduated from Duke University with a master degree, he worked for Microsoft for 14
years and is the expert in Big Data and Blockchain.

Zhou, Shuoji: He is the founder of FBG Blockchain Investment Funds, an expert in digital
currency exchange, an active investor in blockchain. Being a pioneer in blockchain technology in
China and a leader of digital currency community of China. He founded and managed two
private funds in digital currency. He has 8 years of experience working as a technical advisor
at IBM and Oracle.

Wang, Dou: Silicon Valley Venture Capital. Blockchain robot inventor, Social media market-
ing expert, and the founder of Geeks fund. He has more than 10 years experience working as
marketing director at IBM, MOTO and HP. Author of " The memoir of IBMPC ". Wang has
been researching and developing intelligent chat robots in Silicon Valley since 2015. He is also
running a large community of geek users and students from 200 countries and regions around the
world, and actively developing and managing a high-value entrepreneur community with 1.52
million members.

Lv, Xujun: Graduated from Peking University and Oregon State University with master s
degrees in Economics and Computer Science. Lv was formerly the co-founder and CTO at Factom.
He has 20 years of experience in Internet and software development as well as management and
entrepreneurial experience in US, China and Europe.

John Shen (Shen, Zhong): He is the founder and CEO of Sunstone Management in the United
States and EB-5 Regional Centers Holding Group. Sunstone Management partners with
Morgan Stanley, AB Funds, M Group and Seraph Group to issue combination or customized
products, offering global wealth planning and management service. Regional Center Holding Group
has 11 EB-5 Regional Centers approved by United States Citizenship and Immigration Services.
John obtained his JD degree from Peking University in 1992 and a M.Sc. degree of Statistics and
Sociology from Duke University in 1996. Shen has been serving as the Chairman of the
Admissions Committee of the Alumni Association of Duke University since 2013. In 1993, John
received Henry Luce Foundation Fellowship and began his graduate study at Duke University. In
2015, he received Forever Duke Outstanding Alumni Award from Duke University. In 2016, he
became a member of James B Duke Society and the President Society Council at Duke University.
5.3 Advisors 20

Xiong, Lijian: Nei Meng Bao CEO, Tsinghua University School of Economics and Manage-
ment MBA, Beijing University of Aeronautics and Astronautics Bachelor of Engineering. 16
years experience in Internet, IT management, e-commerce and digital marketing, 3 years of ex-
perience in block chain and digital currency research and business operations. Now, committed
to the block chain of new economic entrepreneurship and early project investment. Xiong has a
number of enterprises with a number of industry entrepreneurial experience, including software
companies, Internet marketing companies, chain chains and digital currency-related businesses.
Block chain area, involved in the creation of DigInForce, WiiBox, SFARDS and many other
mining hardware and software technology company. Before the venture, served as a US Internet
company vice president of China, a mainland in Hong Kong listed company e-commerce general
manager.

Institutional Advisor: North America Blockchain Association (NABA) Founded in the

Silicon Valley in 2016, North America Blockchain Association (NABA) is the first non-profit
organization of blockchain technology in the United States. Its mission is to be the advocate for
blockchain technology, provide members andsociety with profound analysis and studies of the
latest technologies and industry pioneers as well as to aggregate industrial resources. Its members
include blockchain technology enthusiasts, high-tech practitioners, as well as professionals from
the US banks, investment banking, insurance and other financial industries, academic institutions
and universities. Since its inception, NABA has been committed to promoting the development
of global blockchain technology and fostering new level of blockchain collaboration between
China and the United States.
 6. SwftCoin Development Plan

There will be a total of 10 billion non-mineable SwftCoins available, following are allocation details and
plans:

6.1 SwftCoin Distribution Plan

1. 50% of all tokens will be distributed for the Initial Token Sale, community initiatives, etc.

This will ensure long-term growth of the SWFT and the SwftCoin tokens, and will support development of the
ecosystem as a whole.

(1) 30% of all tokens will be distributed during the Initial Token Sale.
(2) 20% of all tokens will be reserved as an asset to bring value to early investors and market promotion.

2. 50% of all tokens will be distributed amongst founders band, development team, business development and
investment.

During the next 4 years, 50% of all tokens will be distributed for community initiatives, business development,
academic research, blockchain education and market expansion. The portion of each year will be 12.5% for 4 years.

(1) 20% will be used to incentivize founders, employees and the development team.
Each founder and employees will receive part of their compensation package in SwftCoin tokens, which will vest
over 4 years.
(2) 25% Business development, market expansion and investment.
25% of the total tokens will be dedicated to selected industries and projects. This includes funding of strategic
planning, project support and coin swap initiatives.
(3) 5% Academic research and education.
This part of the token supply will be used to sponsor educational and research institutions or organizations dedicated
to blockchain technology.
 22

6.1.1 Exchange Ratio and Timetable:

SwftCoin will support the two exchange options, they are: Bitcoin (BTC) and Ethereum (ETH)
exchange benchmark are as follows:

Crypto Currency Benchmark

1BTC 1000000
1ETH 75000

I. The total amount of SwftCoin calculated based on the above benchmark is 5,000,000,000.

II. SwftCoin will be issued to the participants account after one week of investment.

III. To keep up with the project process, please visit: www.SwftCoin.com

 23 Chapter 6. SwftCoin Development Plan

6.1.2 Thaw Plan

This thaw plan is specifically designed for 50% of all tokens for founders band, development
team, business development and investment.

Release after one year:12.5%

Release after two years: 12.5%

Release after three years: 12.5%

Release after four years: 12.5%

7. Appendix

7.1 Terms
Bitcoin: Bitcoin is a worldwide cryptocurrency and digital payment system called the first de-
centralized digital currency, since the system works without a central repository or single admin-
istrator. It was invented by an unknown programmer, or a group of programmers, under the name
Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and
transactions take place between users directly, without an intermediary. These transactions are
verified by network nodes and recorded in a public distributed ledger called a blockchain.
P2P: Peer-to-peer (P2P) computing or networking is a distributed application architecture that
partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants
in the application. They are said to form a peer-to-peer network of nodes.
Merkle Tree: In cryptography and computer science, a hash tree or Merkle tree is a tree in
which every non-leaf node is labelled with the cryptographic hash of the labels or values (in case
of leaves) of its child nodes. Hash trees allow efficient and secure verification of the contents of
large data structures. Hash trees are a generalization of hash lists and hash chains.
Smart Contract: Smart contracts are computer protocols intended to facilitate, verify, or
enforce the negotiation or performance of a contract. Smart contracts were first proposed by
Nick Szabo in 1996.
 25 Chapter 7. Appendix

Proponents of smart contracts claim that many kinds of contractual clauses may be made partially
or fully self-executing, self-enforcing, or both. The aim with smart contracts is to provide security
that is superior to traditional contract law and to reduce other transaction costs associated with
contracting.
SWIFT: The Society for Worldwide Interbank Financial Telecommunication (SWIFT) pro-
vides a network that enables financial institutions worldwide to send and receive information
about financial transactions in a secure, standardized and reliable environment. SWIFT also sells
software and services to financial institutions, much of it for use on the SWIFTNet Network,
and ISO 9362. Business Identifier Codes (BICs, previously Bank Identifier Codes) are popularly
known as "SWIFT codes".
Ethereum:
It is a cryptocurrency with advanced features. It is like Bitcoin 2.0. Developers need to pay ETH
to support their DApps. ETH can be traded on the trading platform.
KYC: Know Your Customer to prevent money laundering. It requires not only the name but
also the real business of an individual or an institution.
AML: Anti Money Laundering
Chinese government attitude toward Bitcoin:
To protect the rights of property, to prevent the money laundering and other crimes, Chinese Cen-
tral Bank and other five government departments announced their attitude about Bitcoin. They
do not regard Bitcoin as currency. It is a virtual coin. And it does not have any legal protection.
It cannot be used as money. However, people can trade Bitcoin at their own risk.

7.2 Frequently Asked Questions and Answers:

1. What is the total amount of SwftCoin? Will the total amount increase in the
future?

The total volume of SwftCoin is 10 billion, and it will not be increased in the future.
2. What kind of currency will be accepted to buy SwftCoin? What is the starting
7.2 Frequently Asked Questions and Answers: 29

amount of the investment? The public exchange will accept BTC, ETH. The starting amount

will be one BTC or one ETH.

3. What is the price of SwftCoin?

SwftCoin s price related to BTC or ETH will be determined on the market price of BTC, ETH
before the public fundraising.
4. What is the initial distribution?

The total amount of SwftCoin will be distributed as following: 50% of the total amount, which is
5 billion tokens, will be used for private sale. The earning of private sale will be used for SWFT
operations for the next four years, including system development, marketing, finance and legal
advice. The remaining unsold token of this portion will be added to team holding. The team will sell
it to institutional investors through private placements. Private placements investors will include
but not limited to some influential people in the industry.
5. How the value of SwftCoin to increase in the future?

The basic and main function of the platform is to provide four types of currency exchange service;
the platform will charge certain amount of fee during this process. SwftCoin will be the service
tokens. With the increasing usage and traffic of SWFT, the demand of SwftCoin will grow. As the
amount of SwftCoin is limited, the value of SwftCoin will be increased due the growing usage.
 27 Chapter 7. Appendix

7.3 Disclaimer/Risk Warning

The information of this article includes disclaimer and risk Warning, please read
carefully.
Latest revised on 9/1/2017.

7.3.1 Disclaimer

This document is used only to convey the purpose of the information and dose not consti-
tute a relevant opinion on the sale of SWFT shares or securities. Any kind of proposal or price
will be made under a credible clause and subject to applicable Securities Law and any other laws;
the above information or analysis does not constitute investment decisions, or specific recommen-
dations. This document does not constitute any investment advice, investment intent or abetting
investment in respect of securities. This document does not consist and cannot be understood to any
act of offering, any sale, and any invitation to buy or sell, any form of securities, nor is it in any
form contract or promise.
SWFT precisely expresses the intention that the user has a clear understanding of the risks
of the SWFT platform. Investor s involving in the investment means that investor understands
and accepts the risk of the project, and is willing to personally take all the corresponding results
or consequences.
SWFT expressly disclaims any direct or indirect damages incurred in participating in the
SWFT project, including:
(i) The reliability of all information from this document
(ii) Any resulting errors, omissions or inaccurate information
(iii) Or any resulting act.
SwftCoin tokens, is the digital encryption currency based on SWFT platform, which is also
one of the scenes using for SwftCoin. During writing this text, SwftCoin currency cannot be used
to purchase related items or services.
SwftCoin is not an investment. We cannot guarantee indeed we have no reason to believe
the values of SwftCoin will increase, but it is also possible, in cases there may be a decline in value,
those people who are not used SwftCoin in good faith may even have to lose their SwftCoin.
SwftCoin is not a kind of ownership or control. Controlling SwftCoin does not represent
the ownership for SWFT or SWFT application, SwftCoin are not granted to any individual any
participation, control, or any right to decide SWFT and SWFT application.

7.3.2 Risk Warning

7.3 Disclaimer/Risk Warning 28
1) The risk that loss of the certificate results in the loss of the SwftCoin currency.
An Ethereum address is assigned to the buyer, before his SwftCoin is assigned to the buyer. The

only way to operate the content corresponding to an address is the buyer-related credentials (i.e.
the private key or the wallet password), loss of these credentials will result in loss of SwftCoin.
The best way to securely log into an account is that the buyer separates and save the credentials
to one or more places, and it is best not to save in the public computer.
2) The risk associated with the Ethereum core agreement.

SwftCoin is based on the development of the Ethereum agreement, so any error related to Ethereum
agreement, unpredictable functions problems or attacks are likely to cause SwftCoin or SWFT
application to stop working or miss functions in an unpredictable situation. In addition, the values
of the account in the Ethereum agreement may decline or increase just like SwftCoin or any other
digital currency. Additional information about Ethereum Agreement http://www.ethereum.org

3) The risk associated with buyer s credential.

Any third party obtains the buyer s login certificate or private key, which may be possible to
directly control the buyer s SwftCoin, in order to minimize the risk, the buyer must protect his
or her electronic device against unauthenticated access requests to access the device.
4) Risk related to judicial supervision. Blockchain technology has become the main
target of the regulation in the major countries in the world. If the regulatory body intervenes or
operate, SWFT application or SwftCoin may be affected by this, for example, the law restricts the
use, sale and electronic token such as SwftCoin may be restricted or even direct termination of
SWFT application and the development of SwftCoin.
5) Risk of lack attention towards SWFT application. SWFT application is possible
not to be used by a large number of individuals or organizations, which means that the public
does not have enough interest to open and develop these related distributed applications, which
should have a negative impact on SwftCoin and SWFT.
6) Risk that SWFT related applications or products do not meet the expectation
of SwftCoin or its purchasers.

SWFT Application is currently in the development stage. Before the release of the official ver-
sion, SWFT application may have relatively large changes; any SwftCoin itself or the buyer may
likely fail to meet their expectation or imagination towards SWFT application or SwftCoin. Any
erroneous analysis, a change in design and so on may lead to above situation.
 29 Chapter 7. Appendix
7) Risk of Hacking or theft

There is possibility that Hackers or other organizations or countries do have ability to intend to
interrupt the SWFT application or SwftCoin function, including service attacks, Sybil attacks,
tour attacks, malware attacks, or coherent attacks.
8) Vulnerability risk or risk of rapid development of cryptography science

The rapid development of cryptography or the development of science and technology, such as
the development of quantum computers will bring risk of deciphering to the encryption token and
SWFT platform, which could case the lost of SwftCoin.
9) Risk of lacking maintenance or usage

First, SwftCoin should not be used as an investment, although SwftCoin in a certain period of
time may have a certain value, however, a decrease in SwftCoin value may occur due to the
lacking of maintenance or traffic on SWFT platform.
10) Risk of uninsured loss

Unlike bank accounts or other financial institutions, storage on SwftCoins account or Ethereum
network is usually not insured, in any case, your loss will not have any protection from public
individual or organization. However, private insurance company, such as FDIC, will provide
protection for purchaser.
11) Risk of application malfunction

SWFT platform may have malfunction due to various reasons and users may become victim of a
more serious consequence such as the loss of SwftCoin.
12) Other unexpected risks

Cryptography is a new and untested technology. In addition to the risks mentioned in this white
paper, there are others unexpected risks which have yit yet been described. Other risks may also
appear individually, or appear in the form of a combination of many already mentioned risks.

7.4 References
[1]. http://www.gov.cn/gzdt/2013-12/05/content_2542751.htm

[2]. https://www2.swift.com/myprofile/res/documents/SWIFT_Consolidated_Financial
_Statements_2016.pdf
7.4 Reference 33

[3]. http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works
.asp#ixzz4k
[4]. https://www.mybanktracker.com/news/wire-transfer-fee-comparison-top-10-us-banks
[5]. http://nakamotoinstitute.org/bitcoin/#selection-7.4-7.11, Bitcoin: A Peer-to-Peer Electronic
Cash System , October 31, 2008, Satoshi Nakamoto
[6]. http://moneytransmitterlicense.blogspot.jp, Money Transmitter License Information for all
States , Adam Atlas Attorney
[7]. https://letstalkpayments.com/11-money-transfer-companies-using-blockchain-technology-2/,
Money Transfer Companies Using Blockchain Technology ,October 23, 2015, Amit
[8]. http://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp
#ixzz4kHCxfXZ7, How The SWIFT System Works ,Shobhit Seth
[9]. http://www.economist.com/news/leaders/21677198-technology- behind-bitcoin-could
-transform-how -economy-works-trust-machine, The promise of the blockchain The trust ma-
chine ,Oct 31st 2015
[10]. https://www.smefinanceforum.org/sites/default/files/post/files/McKinsey_Global_Payments
_Report_2016.pdf, Mckinsey&Company. (2017) Global Payments 2016: Strong Fundamentals
Despite Uncertain Times.
[11]. https://hollandfintech.com/wp-content/uploads/2017/03/Capgemini-WP-Top-10-Payments
-Trends-2017-March-2017.pdf, Capgemini. (2017) Top 10 Trends in Payments -2017.
[12]. Wormald, Benjamin. "Remittance Flows Worldwide in 2015." Pew Research Centers
Global Attitudes Project. 31 Aug. 2016. Web. 20 June 2017.
[13]. https://www2.swift.com/myprofile/res/documents/SWIFT _Consolidated_Financial _State-
ments_2016.pdf SWIFT Group (2017) 2016 CONSOLIDATED FINANCIAL STATEMENTS.
[14]. Seth, Shobhit. "How The SWIFT System Works." Investopedia. 05 May 2015. Web. 20
June 2017.
[15]. "Comparing Wire Transfer Fees at Top US Banks." MyBankTracker. 31 May 2017.