$ 1.11
Swiss Crypto Tokens AG was founded by Bitcoin Suisse AG in July 2018 as part of the Bitcoin Suisse Group. It is registered in the Canton of Zug, Switzerland’s “Crypto Valley”. Its purpose is to provide comprehensive services related to the issuing of tokens, including the issuance of own such tokens.The company is set up as a corporation under Swiss Law with a paid-in capital of CHF 1’000’000 (10’000 restricted registered shares with a nominal value of CHF 100 each) and is led by the CEO Armin Schmid.SCT has no participating certificates outstanding and there have never been any dividends distributed due to the recent foundation of the company. The Board of Director consists of Niklas Nikolajsen and Luzius Meisser, whereas Niklas Nikolajsen serves as Chairman.The XCHF token is issued on the Ethereum blockchain and adheres to the ERC-20 standard. The smart contract is linked to the cryptofranc.eth domain in the Ethereum name system. Its current state including individual balances, total supply and its source code can be inspected on Etherscan. The underlying legal implementation is a fixed term bond with automatic renewal/rollover clause.