Legal Disclaimer

Not an Investment Offer

This website and associated white paper will not and cannot be considered as an offer to enter into an investment. It does not constitute or relate in any way, nor should it be considered as an offering of securities in any jurisdiction. This document does not constitute an offer or an invitation to sell shares, securities or rights.  The white paper does not include nor contain any information or indication that might be considered as a recommendation, or that might be used to base any investment decision.

The SWTCoin Project is not intended to be used as an investment or financial instrument and is not for speculative purposes. Tokens on trading platforms are not a qualification or a security and/or legal qualification.  Given the lack of cryptotoken qualifications in most countries, each party obtaining SWTCoin Project tokens (SWTC or SWAT) is strongly advised to carry out a legal and tax analysis concerning the purchase and ownership of SWTC or SWAT according to their nationality and place of residence.

No Ownership Rights

Acquiring SWTCoin Project tokens shall not grant any right or influence over SWTCoin Project’s organization. SWTCoin Project gives no direct or indirect right to SWTCoin Project’s capital or income, nor do they bestow any governance right within SWTCoin Project. A SWTCoin Project token is not proof of ownership or a right of control. It does not grant the controlling individual any asset or share in SWTCoin Project as an organization, or in the SWTCoin Project network. And a SWTCoin Project token does not grant any right to participate in control over SWTCoin Project’s management or decision-making, or over the SWTCoin Project network and governance, either to Purchasers, or to those who obtain SWAT tokens from the exchange.

No Tax or Legal Advice

SWTCoin Project does not provide legal or tax advice, and the information herein is considered general and educational in nature. Tax laws and regulations are complex and subject to change, which can materially impact investment results. SWTCoin Project cannot guarantee that the information herein is accurate, complete, or timely. SWTCoin Project makes no warranties with regard to such information or results obtained by its use, and disclaim any liability arising out of your use of, or any tax or investment position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

No Guarantees

Cryptocurrencies can be affected by adverse issues, political, regulatory, market, or economic developments outside of the control of SWTCoin Project or the token holder.  SWTCoin Project makes no claims or guarantees regarding cryptocurrency value.

Token Holder Responsibilities

Parties who choose to obtain the SWTCoin Project tokens will take the time to understand cryptocurrencies, blockchain systems and the risks associated with cryptocurrencies.  Token holders are solely responsible or the security and storage of their tokens. SWTCoin Project is not responsible for any lost, stolen, or missing tokens. Token users should be careful considering the risks, and costs associated.

The Howey Test for Crypto Currencies

In order to keep our SWTCoin - SWAT as a crypto currency and not be classified as a security which comes under the purview of the SEC in the US we need to separate out and isolate the business section of our SWTCoin Project from the coin itself. We have also mentioned this in our white paper. All these business operations related to Pocket Miners will be done by Pocket Miner Corp which will be established as a separate business entity. And Pocket Miner Corp will invest in our coin and fund the research and development of our coin. An example is here: This is like Jack Ma of Online Giant Alibaba and Jihan Whu of Bitmain the manufacturer of ASIC Bitocin miners Antminer, funding the Tron Project (TRX).

The more decentralized a coin is, the less likely that any project associated with it will fail the Howey Test or any other similar regulation. The SWTCoin project and SWAT are clearly decentralized and the project does not fall under the purview of such regulation.