Swace
Swace
Swace is a community-driven initiative, envisioned as a solution to the unsatisfactory experiences users and brands have with social networks, each from their own perspective.It is a blockchain-based social gaming platform featuring smart contract-enabled games to empower users to engage with brands and get rewarded.The app’s economy is based on decentralized blockchain technology and revolves around a token called the SWA Coin. The development of the app has reached beta stage. The app’s potential for expansion is great, as its appeal is universal and it offers a solution to a problem relevant to every market.Swace
Budding companies, which decide to hold an ICO face a serious dilemma of what token they will issue. They also face the problem of trying to remain on the right side of regulation that is changing all the time. It is especially so when a company tries to go international. This is because legislation is different all over the world.
The Swace Solution
Swace developers saw all these issues and decided to come up with a solution. The solution is legal according to EU and Lithuanian regulation. Normally, there are two types of tokens: utility and security. A security token is a document that confers certain ownership rights to the holder. In essence, it is an advanced type of IOU.
The other type of token is the utility token. These tokens offer access to a service via the blockchain. They give holders a defined utility inside the network. In essence, a utility token is an advanced coupon for future services. Most people take part in utility token ICOs in the hope that the value will rise.
How Swace Social Gaming Rewards Blockchain Works
For some, none of these two tokens is the right choice. If your preference is in between these two, then the Swace solution is perfect. They have developed something called the payment token.
The SWA token is not a security or a utility. When you take part in the Swace ICO, you will not gain part ownership of the Swace Company. Besides that, there is no promise of getting future services. Instead, you will be getting a sort of locally applied currency. When the Swace project launches in May, you will have the in-app wallet as a way to purchase goods and services.
In the app ecosystem, users will be able to pay to participate in games. They will also be able to purchase goods. However, this does not mean you are purchasing services from the company. It is kind of exchanging money in a foreign nation so that you can buy goods. When you give your Euros and get rubbles or rupees in return, you expect nothing but money. You simply place the coins in your wallet and choose how you will spend them. This is the way a payment token works.
Swace SWA Token ICO Details
Swace will be holding an ICO in three stages for their SWA token. Their roadmap states this is scheduled for Q2 of 2018 but the dates have not yet been announced.
Allocation Of Funds
Advisors & Partners: 3%
Bounty, Airdrop & Test Reward: 7%
Founder & Team: 12%
Community Growth: 23%
Public: 55%
Why Swace Chose Lithuania
More teams are choosing Lithuania to conduct token generation event. Most have realized that they do not need to go abroad for these events. The authorities in Lithuania are willing and able to offer consultation on crypto events. Besides that, the blockchain community is strong and supportive.
In terms of cost, Lithuania is also quite affordable compared to Switzerland or Germany for instance. Swace has many benefits. They have already gotten a letter from the central bank showing that SWA tokens are not securities. Besides that, the developers of this project have met with tax authorities to consult on various taxation issues. For purposes of regulation, the SWA token is a voucher that lets the sellers, and the buyers have a reasonable expectation of their obligations and rights.
Swace is a community-driven initiative, envisioned as a solution to the unsatisfactory experiences users and brands have with social networks, each from their own perspective.It is a blockchain-based social gaming platform featuring smart contract-enabled games to empower users to engage with brands and get rewarded.The app’s economy is based on decentralized blockchain technology and revolves around a token called the SWA Coin. The development of the app has reached beta stage. The app’s potential for expansion is great, as its appeal is universal and it offers a solution to a problem relevant to every market.Swace
Budding companies, which decide to hold an ICO face a serious dilemma of what token they will issue. They also face the problem of trying to remain on the right side of regulation that is changing all the time. It is especially so when a company tries to go international. This is because legislation is different all over the world.
The Swace Solution
Swace developers saw all these issues and decided to come up with a solution. The solution is legal according to EU and Lithuanian regulation. Normally, there are two types of tokens: utility and security. A security token is a document that confers certain ownership rights to the holder. In essence, it is an advanced type of IOU.
The other type of token is the utility token. These tokens offer access to a service via the blockchain. They give holders a defined utility inside the network. In essence, a utility token is an advanced coupon for future services. Most people take part in utility token ICOs in the hope that the value will rise.
How Swace Social Gaming Rewards Blockchain Works
For some, none of these two tokens is the right choice. If your preference is in between these two, then the Swace solution is perfect. They have developed something called the payment token.
The SWA token is not a security or a utility. When you take part in the Swace ICO, you will not gain part ownership of the Swace Company. Besides that, there is no promise of getting future services. Instead, you will be getting a sort of locally applied currency. When the Swace project launches in May, you will have the in-app wallet as a way to purchase goods and services.
In the app ecosystem, users will be able to pay to participate in games. They will also be able to purchase goods. However, this does not mean you are purchasing services from the company. It is kind of exchanging money in a foreign nation so that you can buy goods. When you give your Euros and get rubbles or rupees in return, you expect nothing but money. You simply place the coins in your wallet and choose how you will spend them. This is the way a payment token works.
Swace SWA Token ICO Details
Swace will be holding an ICO in three stages for their SWA token. Their roadmap states this is scheduled for Q2 of 2018 but the dates have not yet been announced.
Allocation Of Funds
Advisors & Partners: 3%
Bounty, Airdrop & Test Reward: 7%
Founder & Team: 12%
Community Growth: 23%
Public: 55%
Why Swace Chose Lithuania
More teams are choosing Lithuania to conduct token generation event. Most have realized that they do not need to go abroad for these events. The authorities in Lithuania are willing and able to offer consultation on crypto events. Besides that, the blockchain community is strong and supportive.
In terms of cost, Lithuania is also quite affordable compared to Switzerland or Germany for instance. Swace has many benefits. They have already gotten a letter from the central bank showing that SWA tokens are not securities. Besides that, the developers of this project have met with tax authorities to consult on various taxation issues. For purposes of regulation, the SWA token is a voucher that lets the sellers, and the buyers have a reasonable expectation of their obligations and rights.
mission
To give users positive emotons and push actvity out-of-the-box. To empower users to control their activity on social media, award them rewards and awards, and reward them for engaging with the brand.
To give users positive emotons and push actvity out-of-the-box. To empower users to control their activity on social media, award them rewards and awards, and reward them for engaging with the brand.
vision
Swace became the leading social game platform for everyone: fair, transparent, and on par with the most popular platform in the world.
Swace became the leading social game platform for everyone: fair, transparent, and on par with the most popular platform in the world.
How Swace Social Games Awards Blockchain Works
For some of them, none of these two tokens is the right choice. If your preferences are in between, then the Swace solution is perfect. They develop something called a payment token.
SWA flow is not protection or utility. When you take part in ICO Swace, you will not get Swace ownership. In addition, there is no hope for future services. Instead, you will get a locally applicable currency. When the Swace project launches in May, you will have an in-app wallet as a way to buy goods and services.
SWA flow is not protection or utility. When you take part in ICO Swace, you will not get Swace ownership. In addition, there is no hope for future services. Instead, you will get a locally applicable currency. When the Swace project launches in May, you will have an in-app wallet as a way to buy goods and services.
General information
Token name: SWA
Token amount: 2 700 000 000
Price: $0.02
Soft cap: $3,000,000
Hard cap: $23,000,000
Stages: Private sale, Pre-sale, ICO
Token amount: 2 700 000 000
Price: $0.02
Soft cap: $3,000,000
Hard cap: $23,000,000
Stages: Private sale, Pre-sale, ICO
~ 55% the public: the token sale will include several rounds with different bonus discount rates and payment methods.
~ 23% community growth: this quantty will be distributed gradually among users as rewards for registering, for inviting friends, for being active within the app’s community, and of course for joining Swace games.
~ 12% the team.
~ 7% bounty, airdrop & test reward:
this sum will be distributed to community members who believe in our project and create buzz around it; to early adopters of the app; to our frst actve Telegram followers;
to ambassadors of the project; to contributors who refer others to contribute;
~ 3% our advisors & partners
~ 23% community growth: this quantty will be distributed gradually among users as rewards for registering, for inviting friends, for being active within the app’s community, and of course for joining Swace games.
~ 12% the team.
~ 7% bounty, airdrop & test reward:
this sum will be distributed to community members who believe in our project and create buzz around it; to early adopters of the app; to our frst actve Telegram followers;
to ambassadors of the project; to contributors who refer others to contribute;
~ 3% our advisors & partners
Fundraising
~ 5% → pre-ICO ($100 minimum). The funds raised during the pre-ICO will be used for broadening our horizons: adding more engagement scenarios, rewarding our advisors, expanding the marketing campaign for the ICO.
~ 50% → ICO ($100 minimum). The token sale will involve several sales rounds, each with its own bonus discount rates and payment methods. Swace preserves the right
to have special negotiated deals and discounts for large contributors (over $100,000).
to have special negotiated deals and discounts for large contributors (over $100,000).
Budget allocation
Fundraising objectives:
Fundraising objectives:
Soft cap: $ 3,000,000. This will allow us to complete the development in 5 years, but will only allow for a fairly dynamic expansion.
Hard cap: $ 23,000,000. If this is achieved, the development will be complete in 18 months, and we will enter the big market within a reasonable time.
If the crowdsale campaign does not meet its minimum capital goal, all funds will be automatically returned to the token holder.
The unsold token will enter the vesting period of 1 year and thereafter, added to the community growth budget.
If the crowdsale campaign does not meet its minimum capital goal, all funds will be automatically returned to the token holder.
The unsold token will enter the vesting period of 1 year and thereafter, added to the community growth budget.
Budget allocation:
~ 43% research & development
~ 23% HR & corporate development
~ 18% market & community growth
~ 11% legal
~ 5% reserve fund for unforeseen expenditure
~ 43% research & development
~ 23% HR & corporate development
~ 18% market & community growth
~ 11% legal
~ 5% reserve fund for unforeseen expenditure
More info, visit :
Website : https://swace.io/
Facebook : https://www.facebook.com/swaceapp/
Twitter : https://twitter.com/swaceapp
Telegram : https://t.me/swace
Medium : https://medium.com/swace
Whitepaper : https://www.swace.io/downloads/Swace_Whitepaper.pdf
Author : Yoloyolo
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1832746
ETH : 0xEA8f7425f79f182EFDE78D287baa0629FA5AD429
Website : https://swace.io/
Facebook : https://www.facebook.com/swaceapp/
Twitter : https://twitter.com/swaceapp
Telegram : https://t.me/swace
Medium : https://medium.com/swace
Whitepaper : https://www.swace.io/downloads/Swace_Whitepaper.pdf
Author : Yoloyolo
My Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1832746
ETH : 0xEA8f7425f79f182EFDE78D287baa0629FA5AD429
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