A Multi-Currency Wallet, Exchange And Token Swap Platform.
Share this article
SWFT Blockchain is an Ethereum-based platform that allows users to swap, trade, and pay with different cryptocurrencies.
The platform supports staking and lending within its wallet.
SWFTC is used for enabling all functionalities within the platform, with SWFTC holders also receiving discounts on services.
The project raised 16.79MM USD in a private token sale conducted from August 2017 to January 2018.
1. What is SWFTC Blockchain (SWFTC)?
SWFT Blockchain is a multi-currency wallet, exchange, and payments platform, which allows users to swap, trade, and pay with different cryptocurrencies. A user can deposit tokens he wishes to trade to the platform, and when the tokens are received, the SWFT system will automatically match and swap based on its cross-chain protocol. After the swap is done by SWFT, the swapped tokens will be sent to the user's designated address. The platform also supports staking and lending within its wallet.
SWFTC is an ERC-20 token (on Ethereum) that provides the SWFT Blockchain platform with the liquidity necessary to offer faster and reliable cross-chain swaps at competitive rates, and with affordable fees.
SWFTC is the default payment method for fees on the SWFT Blockchain platform. SWFTC holders receive a 50% discount on swap fees, as well as discounts on other platform services.
2. Economics and supply
The token supply distribution is as follows:
Private Sale tokens comprise 30.09% of total supply. It was conducted from August 2017 to January 2018 for 0.005581 USD / SWFTC at an average rate of 680.00 USD = 1 ETH, 7,117.00 USD = 1 BTC, and raised a total of 16.79MM USD. The Private Sale was conducted in ETH and BTC, and raised a total of 7,758.00 ETH and 1,618.00 BTC.
Community Initiatives tokens comprise 19.91% of total supply.
Team tokens comprise 20.00% of total supply.
Business Development tokens comprise 25.00% of total supply.
Research and Education tokens comprise 5.00% of total supply.
SWFT token distribution (%)
SWFT token release schedule
3. Project team
Co-founder of Silicon Valley Blockchain Catalyst, founder of North America Blockchain Association, former CEO of GooCoin and Tsingreen.
Former Technical Director at HuaShengGuoTong, Senior Manager at JiuDing Investment.
Former Head of Marketing and BD at Venture Capital College of America, PR and Marketing Manager at Cargill.
4. SWFT Blockchain's activity and community overview
4.1 Development activity
4.2 Social and community data
SWFT Blockchain is initially focusing on community building in China and Europe. The focus of community growth will gradually expand to other markets as the project gains popularity.
Current community growth strategies of SWFT Blockchain include:
Conducting incentivized customer surveys.
Launching staking to attract deposits.
Hosting AMAs in Telegram channels and third-party platforms.
Conducting community content rewards campaigns.
Actively engaging with the community via online social channels.
Launching the Referral Program.
Future community growth strategies of SWFT Blockchain include:
Adding more product features to acquire a wider range of users.
Supporting more cryptocurrencies to acquire community members from high-profile crypto projects.
Reaching out to key industry players for API integration.
Hiring brand ambassadors and local community managers.