Swaap
What is Swaap?
A trusted global cryptographic currency would allow financial transactions to be settled among companies and individuals across the board, on a secure, rapid, and cost-efficient way, without going through a financial institution and eliminating any need for currency exchange among transactions taking place between different jurisdictions. Direct and unbiased processing of these transactions by the blockchain is part of proposed solution, but the main benefit is the accessing of liquidity in different local currencies, through our liquidity pool, where users will be able to redeem their Swaap Tokens (SAP) in fiat currency at any time, and have their funds deposited directly in their bank accounts. The liquidity pool will work as a currency basket where all funds will be secured and locked away until a user decides to redeem it. We intend to make this process transparent and trustful, with procedures being validated in the blockchain and regular independent audits being conducted, with all this information made available to the public, always. Having a multi-currency and multi-asset cryptographic currency also comes makes it less susceptible to volatility, with the liquidity pool balancing itself even in case of severe devaluation or debasement of an individual currency or asset class.
Swaap is an universal blockchain payment system, that can be used by anyone, anywhere. It is free to use, open source and decentralized. Swaap tokens - or SAP - are backed by a range of assets, cash and cash equivalents and this ensures that will be always available liquidity for you to convert your tokens in fiat currency when you need it.
Our project aims to create a truly universal payment system using blockchain technology. We endeavor to offer a wide range of solutions to enable companies and individuals to do business globally.
Tokens Initial Distribution
The governance tokens will be distributed throughout the initial stages of the project and the yearly minted inflation tokens - if any - will be sold to the community through decentralized exchanges.
Governance Platform:
Our governance platform is where you will exercise your voting rights and will be able to interact with another governance token holders to share and discuss topics related to the future of this project. The platform will be launched and available to the public on Q4 2021.
Price and Trading
All pre-launch tokens had their price set by us, but we won't exercise any kind of price control on the free market. After these tokens reach the open community, you will be able to trade, buy and sell them for the price you see fit.
PRESALE/ICO/IEO
As our utility token is meant to be used as a medium of exchange, and can be minted directly through our online platform, there won't be any presale or ICO. Though, we will be creating an Uniswap pool where you will be able to exchange it for other ERC-20 tokens outside of our main platform. As for our governance tokens (SAPG), the token distribution schedule will be as specified below.
Presale:
The presale funding round will run from January 20th, 2021 until March 20th 2021. During this period, all negotiations for purchasing the tokens will have to be done directly with us, and you will be given the status of early investor when doing so. Early investors will be eligible for future airdrops for the governance tokens. We intend to use most of the funds acquired during this round to fund our liquidity pools.
IEO:
We will conduct our IEO in two stages, starting in April 2021 and ending in May 2021. On the first stage, tokens will be offered with different pairs on LedgerDex and ForkDelta, and users will be able to purchase them directly from our treasury. On the second stage, a liquidity pool will be created on Uniswap, where users will be able to access liquidity for their pre-purchased tokens and exchange it for other ERC-20 tokens.
ICO:
We will not conduct an ICO, as most of our project has been already funded and developed, and the funds raised during the presale and IEO should be enough to cover our expenses and investments to date.
STACKING
You will be able to stack your SAPGs and SAPs through liquidity pools on decentralized exchanges, such as Uniswap, and we will launch a stacking and rewards program on Nova Bank for you to stack SAPs directly on our platform.
How Can We Help?
For Businesses
- Accept Swaap as a form of payment and expand your business to the gloal market
- Substantially reduce your operational costs by not using legacy financial institutions
- You can further spend you earned Swaaps to buy goods and services from other vendors
For Individuals & Traders
- Redeploy your tokens easily between different exchanges
- Reliable access to liquidity in fiat or stablecoins, whenever you need
- Custody your own funds and secure true ownership and reduced custodial risk
For Financial Institutions
- Use our digital token to get exposure to the crypto space, safely
- Reduce your operational costs by bypassing the use of legacy custodian companies
- Settle your transactions in seconds, to anyone, anywhere and with very low costs
Swaap Features
Swaap is a pure blockchain payment system that allows transactions to be processed quickly, securely, and transparently. Swaap can be used by anyone, anywhere without restrictions, because the goal of Swaap is to become a "global payment network" by utilizing blockchain technology. Following are the features provided by Swaap;
- Make it easy for businesses to be able to accept payments from anyone around the world.
- Helping businesses to reduce their operational costs by not using banking or other financial institutions.
- Allows businesses to be able to use the Swaaps they earn to buy goods and services from other vendors.
- Make it easier for individuals to redeploy their tokens between different exchanges.
- Traders can get reliable access to fiat liquidity or stablecoins.
- Individuals can custody their funds and secure actual ownership.
- Enable financial institutions to enter the crypto world using Self-sustaining tokens.
- Reduce operational costs for financial institutions, because they do not need to use traditional custodial firms.
- Can settle transactions quickly with low fees.
TOKENOMICS
Swaap (SAP) Token:
Name: Swaap
Ticker: SAP
Decimals: 4
Initial Issuance (non-circulating): 2,000,000,000 (2b)
Swaap Governance (SAPG):
Name: Swaap Governance
Ticker: SAPG
Decimals: 4
Initial Issuance: 3,000,000 (3m)
Allowed Inflation Rate: 1% p.a.
Our team
Paulo Baronceli - Founder
Luis Baronceli - CFO
Amrit Mirchandani - Marketing Manager
Samuel Osuala - Community Manager
Goin Merry - Bounty Manager
In Conclusion
Nowadays more and more people are using cryptocurrency as their payment. The reason they use cryptocurrency is that it makes it easier for them to be able to make transactions without borders, fast, safe, transparent, and anonymous. Also, holding cryptocurrency holders can get profit through price movements.
Swaap is a decentralized blockchain payment platform with seamless liquidity in fiat currency. Swaap uses a P2P system that allows transactions to be settled in seconds or minutes. With Swaap's blockchain payment system solution, it allows anyone to transact safely, easily, and transparently. As well as Swaap supports the acceleration of mass adoption of cryptocurrencies.
Connect
WEB: https://swaap.org/
TELEGRAM: https://t.me/swaapcrypto
TWITTER: https://twitter.com/SwaapCrypto
FACEBOOK: https://web.facebook.com/Swaap-102275471847846
Writer
BTT Username: Jonathan Frizzy
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=2852225
