Basic Information
English name of Token: SwftCoin
Ticker of Token: SWFTC
Chinese name of Token: 速币
Country of Incorporation: USA,Singapore
Investors: Draper Dragon Digital Fund, Japan Blochchain Fund, Canada Blockchain Fund, Geek Fund, Yew York Blockchain Fund, NODE Capital
Industry&Facts & figures: SWFT integrates major exchanges and leverages blockchain and AI to lower risk and execution costs. SwftCoin is SWFT's token utilized to facilitate transactions.
Description of the project:
SwftCoin (SWFTC) powers SWFT Blockchain’s instant cross-chain swaps and the SWFT Pay payment network. SwftCoin is used as to pay transaction fees at discounted rates.
SWFT Blockchain's unique cross-chain algorithm combines blockchain and artificial intelligence to provide optimal swaps between any two cryptocurrencies and automatically obtain the best transaction price. The patent application has been accepted by the USPTO. By using SwftCoin, SWFT Blockchain users enjoy lower and more transparent fee, while getting a simpler, faster and safer cross-chain swap experience. SWFT Blockchain has received funding from top investors in Silicon Valley, such as Draper Dragon, and has been users in over 60 countries around the world.
SWFT Pay’s payment network connects all cryptocurrencies on the SWFT Blockchain platform and supports 30+ public chains and more than 100 kinds of digital currency payments. SWFT Pay also features social media payments, QR code payments, e-commerce tools, embedded API payments, and red packets, which meet the diverse payment needs for businesses and individuals. SWFT Pay also solves the problems of high payment fees, slow transaction speeds, and challenges the monopoly of bank transfers under the current system.
ICO details:
Total available supply:10,000,000,000 SWFTC
Tokens in circulation: 3,500,000,000 SWFTC(2018/2/24)
Pre-sale start date: 10/2017-11/2017
Pre-sale amount: About 800 BTC
Pre-sale: Abhout price: 0.3 RMB
Public sale start date: N/A
Public sale amount: N/A
Public sale price: N/A
Token distribution:
30% of all tokens will be distributed during the Initial Token Sale.
20% of all tokens will be reserved as an asset to bring value to early investors and market promotion.
20% will be used to incentivize founders, employees and the development team.
25% for business development, market expansion, and investment.
5% for academic research and education.
Other Information
Official site: http://swft.pro/
Whitepaper: https://www.dropbox.com/s/7fuqdwgv5r8l5i6/SWFT%20WhitePaper.pdf?dl=0
Disclaimer:
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.
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