HelvetX March 9, 2024


This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.

Basic information

Project name: HelvetX
Currency: SwissTech (5377697373546563680000000000000000000000)
Issuing account: raq7pGaYrLZRa88v6Py9V5oWMYEqPYr8Tz
Distribution accounts: raEVUr5uHSGUEPzLd89wZYQnQshuT11ejv, rMaDhBoxGkBKe7HYPcY8AEHNSWgDPMxjNU

This is revision number 4, signed March 9, 2024 by raEVUr5uHSGUEPzLd89wZYQnQshuT11ejv

Description: Step into the realm of HelvetX, where bold ideas meet boundless innovation, and the future is crafted with passion and purpose. Our triad of excellence—HelvetX Labs, HelvetXclusive, and HelvetX Alliance—embodies our unwavering commitment to pushing the limits of technological possibility.

HelvetX Labs
Where innovation takes flight. Dive into the heart of cutting-edge research and development, where our team of experts transforms visionary concepts into tangible realities. From the forefront of blockchain technology to the uncharted
territories of tomorrow, we are pioneers, trailblazing the path to a brighter future.

Tailored excellence for the digital age. From conventional web2 tools to the transformative landscapes of web3 and beyond, our consultancy offers bespoke solutions that redefine industry standards. Let us guide you through the intricate maze of digital transformation, where every challenge is met with innovation and every solution is crafted with precision.

HelvetX Alliance
Forging partnerships, shaping the future. Join forces with industry leaders and visionaries as we collaborate to co-create the technologies of tomorrow. Together, we harness the collective power of innovation to drive positive change and shape the destiny of industries yet to come.

Unique selling points: What makes this token unique, compared to the broader landscape of tokens?

Unleash the power of DeFi with SwissTech. Our token is the fuel for innovation and the gateway to a decentralized revolution. Get ready to dive into the future where value meets innovation, and possibilities are limitless.

Intrinsic Value Amplification
The SwissTech token transcends its role as a transactional medium, evolving into a cornerstone asset within our ecosystem. Functioning as the primary currency fueling interactions and transactions, it assumes a pivotal position rather than being relegated to a mere monetary instrument. Users recognize the SwissTech token as a vital asset
due to its indispensable function, granting access to a tailored suite of tools, platforms, and services meticulously crafted to address diverse needs. This intrinsic role not only enhances user experience but also elevates the token's perceived value within our ecosystem.

Facilitating Efficiency and Scalability
Built on the XRP Ledger, the SwissTech token boasts inherent cost-effectiveness, speed, and scalability. Leveraging the XRPL's advanced technology, transactions within the SwissTech ecosystem are not only rapid but also highly efficient, contributing to enhanced scalability. This intrinsic efficiency not only improves user experience but also
elevates the intrinsic value of the SwissTech token, as users directly benefit from its advantages within our ecosystem.

Market Making & Liquidity Provisioning
HelvetX utilizes proprietary automated trading tools developed in-house to bolster liquidity directly on the decentralized exchange (DEX), ensuring seamless and efficient trading experiences. Our products not only enhance the trading environment within the SwissTech DeFi ecosystem but are also beneficial for the entire XRPL.

Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?

The SwissTech token functions as more than just a monetary instrument; it serves as the primary currency driving interactions and transactions within its ecosystem. Its pivotal role is acknowledged by users who consider it a vital asset. This recognition stems from its indispensable function, granting access to a curated array of tools, platforms, and services designed to cater to various needs. Through its utilization, users can navigate and engage with the ecosystem, leveraging its capabilities to meet their requirements effectively.

Whitepaper/sales material: https://helvetx.io/pdf/Whitepaper%20HelvetX%20v.1.pdf

The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.

Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.

Bug bounty program: This is not applicable for this token.

Legal Entity

The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).

Website: https://helvetx.io/

Website information: The website should disclose the following information:
  • Details of the legal entity: official name and registry code, company headquarters mailing address
  • Contact information: e-mail and other contact information
  • Core team members
  • Whitepaper if available

The website contains relevant information.

Business plan: A business plan should entail:
  • the amount of revenue and expenditure by area of activity
  • obligations related to the issuing of the token
  • the technical administration of the company
  • operational strategy
  • the intended activities related to the token
  • general principles of risk management and strategy of risk management
  • policy for the financing of activities.

The issuer has developed a business plan for the next 3 years.

Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.

The issuer has conducted risk assessment and implemented risk management activities.

Internal policies: Critical internal policies are necessary to manage risks.

The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.

Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.

The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).

Self-assessment revisions
Revision 4March 9, 2024
Revision 1March 14, 2022