*Note: As of 2/25/22, nodes are live, supporting and validating the decentralization of the network. In the future, when SWITCH rewards go live, rewards will be retroactive for license holders who were running their nodes.
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Digital Assets and Custody provided by Prime Trust. Prime Trust is not an insured depository institution or bank. Digital assets are not legal tender, are not insured by the Federal Deposit Insurance Corporation (“FDIC”), and are not subject to protections afforded to bank deposits. Digital assets are subject to extreme price volatility and may lose value.
Digital assets (i.e. cryptocurrencies) held in your digital asset account (i.e. rewards wallet or trade wallet) are not insured by any governmental entities, including but not limited to FDIC. As with any asset, the value of digital assets can go up or down and there can be substantial risk that you lose money buying, selling, or holding, in digital assets. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. No Bank Guarantee and May Lose Value.
Switch nodes and the Switch blockchain are governed by a Distributed Governance Framework, which is distinct from and not solely controlled by Switch Reward Card DAO LLC. Any value derived from Switch nodes and Switch Digital Rewards is likely to be uncorrelated with the success or failure of Switch Reward Card.
Rewards are not available for purchase from Switch. They are digital rewards earned in exchange for work and action on the Switch network. The digital reward is designed to have utility on the Switch platform for the purchase of Switch’s products and services. The digital reward is not an investment product and may never have any value outside of the Switch platform. Switch node owners should not expect to recognize any value from the digital reward other than its utility with Switch. Switch does not anticipate correlation between the digital reward value and Switch’s business activities.
Switch Services cannot be owned or operated by any individual or entity included in any economic sanctions list or residing in a country on the Specially Designated Nationals list maintained by The Office Of Foreign Assets Control. SWITCH RESERVES THE RIGHT TO CHOOSE MARKETS AND JURISDICTIONS TO CONDUCT BUSINESS, AND MAY RESTRICT OR REFUSE, IN ITS DISCRETION, THE PROVISION OF SWITCH SERVICES IN CERTAIN COUNTRIES OR REGIONS.