ABOUT SWAAP PLATFORM
Swaap leverages blockchain technology to provide universal payment services at a faster speed. Most of the traditional payment service providers that exist are experiencing delays. International financial transactions are experiencing delays. SWAAP has integrated blockchain technology to remove this barrier and create the possibility for everyone to receive and transfer funds in a high liquidity financial environment, converting their token to fiat whenever needed. The SWAAP token implements the SAP token which is the platform’s native currency supported by various types of assets and cash. It is a platform that provides a blockchain payment system, which allows users to transact with anyone globally. It is Self-sufficient – a platform that allows users to pay and receive from anyone, anywhere, anytime, with unlimited liquidity in fiat currencies. Our project aims to create a truly universal payment system using blockchain technology. We strive to offer a variety of solutions to enable companies and individuals to do business globally.
A community-driven project
All of their products and services seek to enhance how societies cope with cross-border transfers and redistribution of money, and all of our codes are open-source software. They provide a broad range of resources to allow individuals to exchange internationally, in a decentralized and transparent way. Their emphasis is on joining blockchain and legacy frameworks to build a genuinely useful network for our customers. All Swaap tokens are protected and you will still be able to gain instant liquidity in fiat currency via our online portal. They also built a chain-on-demand principle that dramatically lowers the expense of accessing on-chain resources by combining transactions and dynamically transmitting them to the main blockchain network.
Swaap launched two tokens, namely SAP and SAPX, which have their respective functions. SAP will function as the main token, while SAPX is a mirrored exchangeable token, which will maintain liquidity. Swaap also plans to launch token governance, which will allow users to participate in the decision-making process.
The Swaap project ecosystem is diverse and thriving here. The only place to print money, change money, and use your Swaps is Nova Bank. Currently the project is developing 2 tokens, namely:
1. Token Swap (SAP)
Swaap Tokens are the native utility token of our platform. It is an open source encryption token, designed to be scalable, reliable, secure, and easy to use. As a payment utility token, its owners can exchange them for fiat currency as soon as they are paid or exchange them freely outside our platform — if they wish. The redemption value is permanent and is pegged to the value of USD on a 1: 1 basis, meaning that when redeeming your tokens for fiat, you will always receive the equivalent of 1 USD per token. newspaper.
2. Exchange Management Token (SAPG)
Swap Governance tokens can be used to vote for our governance teams and help shape the future of the Swap platform. Unlike our utility tokens, SAPG has a fixed maximum allowable inflation rate of 1% per year, which means only 1% of the total supply can be generated per year and decided Whether or not this permission is used will be dependent on the results of one admin group, which is conducted annually.
Currently you can buy, sell and trade their tokens at the following exchanges: Uniswap, 1inch, Dex Ledger, ForkDelta, Matcha.
The wallet platforms supporting this project include: Atomic Wallet, Coinbase Wallet, MetaMask, Ledger, Trust Wallet.
The Swaap project also uses Community-created Applications and tools to enhance the usability of Swap: SwaapDEX
and you can be a part of this project yourself if you have useful applications for the Swaap platform with the ecosystem developer portal.
The project is developed on the Ethereum Network where they provide reliable, secure, and fast blockchain technology.
This project has the following outstanding features:
1. Smooth liquidity and redemption
2. Easy to send and exchange
3. Countless use cases for your token
4. Real ownership of your money
5. Compliance and transparency
6. Trusted and safe
REASON TO CHOOSE SWAP PAYMENT SYSTEM:
(1) SWAAP offers Fiat/Crypto payment gateway with high liquidity:
Users can convert their tokens into Fiat with fund instantly deposited into Bank account . Besides, SWAAP offers user friendly interface which enable users to redeem their crypto assets into Fiat currencies .
(2) FAST SETTLEMENT :
SWAAP payment gateway allows instant fund settlements. Users dont have to wait for hours expecting funds to be deposited into their accounts. Funds are deposited with instant speed into users account within just a few seconds after executing transaction. SWAAP offers a secure and highly reliable means of transferring funds locally and internationally.
(3) ETHEREUM BASED PLATFORM :
SWAAP implements Ethereum blockchain to power its ecosystem which guarantees safety and security of users funds . SWAAP supports Ethereum based tokens .
(4) COMPLIANCE AND HIGH LIQUIDITY PLATFORM :
SWAAP is a compliance Platform . The platform have high level of liquidity because all crypto assets are collaterized which enables instant funds settlements without any form of delay. In addition, SWAAP has deployed a chain- on -demand system which reduces cost of operating on-chain services .
TOKENOMICS
One very important thing that we want to make all of our users aware of, is that we didn’t design a token for then figuring out what to do with it. We have created a platform which required a token to work. So our tokens are nothing more than tools that we use to run our platform, and its appreciation should come from the perspective of its integration and utility for users taking advantage of all the benefits our platform has to offer.
Swaap Treasury
We have a treasury address, where all non-circulating tokens will be stored, until they are either redeemed by an user or burned. Instead of triggering burning events every time a user redeem their tokens in fiat, what we do is to park those tokens in our treasury, taking them out of circulation. To get the current total circulating supply of tokens, you simply have to subtract the total number of tokens held by our treasury from the total number of tokens issued.
Swaap Treasury Address: 0x86471665E962F9169b7B621C9f51c88E6A1D618a
Nova Bank Treasury
Nova Bank also has a treasury address, but differently from the Swaap Treasury, all tokens held by Nova Bank’s treasury account are actually in circulation, and Nova Bank is simply working as a custodian for those tokens while users transact with them (with zero fees) within our second layer platform.
Nova Bank Treasury Address: 0x0A552610a95d042601B405D1a70a9bCac8df303F
Swaap (SAP) Token:
Name: Swaap
Ticker: SAP
Decimals: 4
Initial Issuance (non-circulating): 2,000,000,000 (2b)
Contract:Open ›
Official Page:Open ›
Description
Swaap Tokens are the native utility token of our platform. It is an open-source cryptographic token, designed to be scalable, reliable, secure and easy to use. Being a payment utility token, its holders can redeem them in fiat currency immediately after getting paid, or exchange them freely outside of our platform – if so they want. The redemption value is perpetual and pegged to the value of the USD on a 1:1 basis, which means that when redeeming your tokens in fiat, you will always get the equivalent of 1 USD per token.
Minting Tokens
The token mintage process is all done by the users themselves, in our utility platform, Nova Bank. All you need to do is to deposit collateral and the equivalence of tokens will be created and deposited in your account. We have built the platform in a way that you can even use your credit or debit card to collateralize and mint your tokens. It is seamless, as everything else with Swaap.
Redeeming in Fiat
To fulfil its purpose of being a utility token and a medium of exchange, we have made the redemption process in fiat currency seamless and efficient. It is all done through Nova Bank (our utility platform), and the conversion process is immediate and done with the click of a button.
Collateralization
All tokens are collateralized and backed by legacy assets, and we issue a quarterly report on all holdings backing your tokens, which you can access through our website, at all times.
Price and Trading
These tokens are utility tokens, and they were not conceived with trading in mind, but being an ERC-20 token, they can be freely exchanged between users outside our platform. As far as the price goes, when redeeming your tokens in fiat, you will always get the exchange rate of 1:1 USD, but at times, there might be people out there willing to pay more, or less, in order to have access to the liquidity of our platform, and we won’t exercise any kind of price control over the trading value of the token on the free market.
Swaap Governance (SAPG):
Name: Swaap Governance
Ticker: SAPG
Decimals: 4
Initial Issuance: 3,000,000 (3m)
Allowed Inflation Rate: 1% p.a.
Contract:Open ›
Official Page:Open ›
Description
Swaap Governance tokens can be used to vote on our governance pools and help on shaping the future of the Swaap platform. Differently from our utility tokens, SAPGs have a fixed maximum allowed inflation rate of 1% per year, which means that only 1% of the total supply can be minted every year, and the decision of rather or not to use this right, will be subject to the result of a governance pool, conducted yearly.
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.
CONCLUSION
SWAAP has created a convinient financial infrastrcture for businesses, traders and individual globally . The Platform offers cross boarder blockchain based financial services which allows seamless , secured, convinient and cheaper cross boarder financial transactions. Swaaps stands out because it has its own native token and offers crypto/ fiat gateway .Financial institutions are not left out as well .
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.
For more information visit :
Website: https://swaap.org
ANN: https://bitcointalk.org/index.php?topic=5291587
Twitter: https://twitter.com/SwaapCrypto
Facebook: https://www.facebook.com/Swaap-102275471847846
Telegram: https://t.me/swaapcrypto
Discord: https://discord.com/invite/RqAfFx6n5p
AUTHOR
Bitcointalk Username : Mame89
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=924342
ETH Wallet Address : 0x079549B932Dd97De3E8EFAFE822b9eF70B77A4Ce
