Fund Management

As part of the ongoing development and operational needs of SuissePad, we periodically convert a portion of our on-chain assets to FIAT currency. This conversion is essential to cover various operational costs, such as development, legal compliance, marketing, and other necessary expenses that require payment in traditional currency.

Why Do We Convert Assets to FIAT?

While our project operates primarily on the blockchain, many of the expenses we incur are in FIAT. Converting digital assets to FIAT allows us to:

• Pay for operational costs that are essential for the continuous development and growth of SuissePad.

• Manage day-to-day expenses in a streamlined manner.

• Ensure compliance with financial regulations for certain payments.

Transparency and Reporting

We understand the importance of maintaining transparency with our community. To this end:

• We will share financial reports outlining how the converted FIAT is allocated across various operational needs.

Security Measures

Our top priorities are the security of your funds and our project's integrity. Therefore:

• All conversions are conducted through secure and reputable exchanges like Kraken, after which the funds are transferred to our Swiss business bank, from which FIAT transactions will be made.

• We implement rigorous security protocols to protect assets during the transfer and conversion.

• Grant Thornton audits our fund management procedures yearly to ensure compliance and security.

Community Engagement and Communication

We are committed to keeping our community informed at every step of the process:

• Announcements will be made before significant fund movements, explaining the reasons and intended uses of the converted assets.

By maintaining transparency and open communication, we aim to build and sustain the trust of our community as we continue to develop and expand SuissePad.