Topic: [ANN] Swaap | Enhancing multichain payment systems (Read 1652 times)

Information about the financing of the project:



Source  link: https://t.me/swaapcrypto/4480

Official Update Note 25/05/2021 [Bounty info]:


Full info: https://forum.swaap.org/showthread.php?tid=70

One more use case SAP...

Be My Creative Studio (https://bemycreative.net/) is now accepting SAP as payment for all creative work!
https://twitter.com/SwaapCrypto/status/1373194497601900545

Burning tokens becomes an alternative to increasing the price, because a limited token will have a positive effect in addition to the concept of a project in the future

Yes you're right, hopefully to see a market uptrend after list on exchange

Burning tokens will create scarcity and will usually drive up prices but all that will only happen if the project has a good product and a large community so that it will create a large demand.

Once the SAPG is listed on the exchange, we will see if all this will go according to plan

All tokens allocated to the presale round not sold until the 20th this month will be burned.
I guess burning of unsold will reduce total supply and as well circulating supply. Thereby creating a huge market demand. Better to buy $SAPG now at pre-sales price

Swaap pre-sale end on 8th days from now, what will happen to unsold tokens, will it be moved back to the treasury account?

ᴥ 02/03/2021: Today we have officially launched on Binance Smart Chain. Our liquidity pools are open for staking on PancakeSwap, and you can purchase or mint $BSAP (BEP-20 for SAP) through Nova Bank, and you can purchase $BSAPG (BEP-20 for SAPG) directly from us, until our presale stage ends. Join our Telegram Group (https://t.me/SwaapCrypto) and follow us on Twitter (https://twitter.com/SwaapCrypto) for daily updates! More info on the links below:

- Ecosystem (https://swaap.org/ecosystem)
- Binance Swaap (https://swaap.org/binance-sap)
- Binance Swaap Governance (https://swaap.org/binance-sapg)

It sure is a good move financially but technologically Ethereum chain is the optimum gauge for DeFi and other DAOs. Well there is always a way to balance the economics of blockchain.  Since Binance Smart Chain derived its mechanism from Ethereum there will be similarities in operations but not the price.

ᴥ 26/02/2021: After much deliberation, we have decided to expand our platform to the Binance Smart Chain. With the recent spike on gas fees on the Ethereum network, it became almost impossible for small retail investors to take advantage of all the benefits that we aim to provide to these individuals, and we firmly believe that blockchain is all about accessibility and democracy, and as for today, Ethereum is none of these. While our current infrastructure built on Ethereum will not be compromised by any means, this move will bring tremendous benefits to our users, allowing very low-fee transactions on a platform that has now proven to be reliable and consistent. Since most of the development of our platform happens off-chain, it won't be affected on any shape or form, and tokens on both networks will benefit equally from our updates and new features. We will be deploying the smart contracts for the new BEP-20 tokens in the next few days, while working on a few changes in our website to accommodate the new network compatibility. Initially, we will migrate Swaap Stablecoin (SAP), which will be named Binance Swaap (BSAP) on the new network, followed by our governance token, Swaap Governance (SAPG), which will be named Binance Swaap Governance (BSAPG) on the new network. Supply of both tokens won't change and any BEP-20 tokens issued, will have its ERC-20 counterpart burned. More information will be made available in our social media channels

I made a loan request via novabank, and the process speed was astonishing, super fast!
Thanks Swaap!

Just a heads up for our recent updates!

ᴥ 23/02/2021: Don't want to buy? EARN SWAAP TOKENS! We have added a new section in our website, dedicated for staking and earning related information. You can visit https://www.swaap.org/earn or simply use the main menu to navigate to the "Earn & Stake" option. We also have major news to our airdropping and purchasing programs:

New Airdrop Campaign
We have launched a new airdrop campaign for liquidity providers. We will be paying an average of 120% APY with monthly payouts, to liquidity providers to our Uniswap pools. If you want to learn more, please visit https://swaap.org/liquidity-providers/ or contact us via our social network profiles.

PayPal Buying Option
We have added the option for you to purchase Swaap Stablecoin (SAP) with PayPal, using your credit or debit card to do so. Swaap Governance tokens (SAPG) will be available for purchase too, at a fixed price of USD 10/token, until the end of our presale round on the 20th March 2021. You can now visit https://www.swaap.org/purchase to buy our tokens.

Some great news to the community and to all project's supporters! And we will be soon implementing new rewarding programs to the community, so keep posted on our updates.

ᴥ 21/02/2021: Transparency is in our core, and that's why we have decided to rework our SAP token webpage, bringing more transparency to the token supply and market metrics. Until we have full circulating supply, we will update this page regularly so you will know exactly the current circulating supply, market cap and supply under custody of our SAP tokens. Visit https://www.swaap.org/sap to check it out.

ᴥ 20/02/2021: We have updated some of our ANN wording and added some more information in here. We have done this to make our ANN more up to date to our project's roadmap, and reflect the progress made on our platform more visible and easy to understand for our users. All the old wording and old information are still available for historical reference.

ᴥ 19/02/2021: Swaap Stablecoin is now on CoinGecko! Now you can track SAP pricing through one of the most reputable crypto pricing aggregators out there. Visit our Ecosystem Page to know more, or click here to check our Swaap Stablecoin page on CoinGecko.

Swaap Governance (SAPG) is not pegged. Is our governance token and its value will be the one determined by the market. Swaap Stablecoin (SAP) on the other hand, is pegged to the USD and fully backed. The target is to keep each SAP to be worth one USD, and we have been very successful on doing it to date. Yesterday's crash was a big test, and coin still kept its peg. You are also able to convert your SAP into fiat using Nova Bank. The platform is already operating and you can get in and out SAP any time you want.

To check on SAP price etc: https://www.coingecko.com/en/coins/swaap-stablecoin

We are also offering a range of staking and saving options to our token holders, with APYs ranging from 5.5% up to 10%. Please visit https://www.swaap.org/earn for more info, and for understanding how you can earn your tokens, if you can't purchase any just now.

does SAPG will be totally pegged with SAP? I have also another question about that whether SAP backed by something like USD to make it stable or not? I really appreciate your answer dude. Thank you so much

Has anyone from this forum tried purchasing $SAP Stablecoin using PayPal Buying Option? The experience is awesome, Swaap is indeed a game changer for me

Hi, thanks for your comment. You can already pay for SAP and SAPG with your debit or credit card on Nova Bank the process is seamless, and your coins are credited in your account as soon as your payment is confirmed.

It's nice to read that swaap team is working. And I think, if they really make easier way to mint SAP through Nova Bank, paying with credit card, will incrase interest to swaap project. Let's see...

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change is very good and has many uses and conveniences for users, besides that it also reduces transaction costs very well so that all people will be interested in buying or trying it with their credit card ....

Apart from that, Kyc, which complicates users, has also been simplified for the sake of user comfort, I am waiting for the next development.

ᴥ 12/02/2021: Big news ahead! We are working hard to give our project utility and usefulness, and for that, we are about to announce major changes to come to Nova Bank's platform and consequently to our own tokens. In the next few weeks and months we will have a big sprint of new features coming through, which will include:

1. A completely new and fresh website for Nova Bank, even more mobile friendly and with a bunch of new features;
2. We are working on design improvements to Nova Bank's platform, which will be more user-friendly, mobile-friendly and with a lot new features;
3. We are implementing a "Buy Crypto" feature, where you will be able to send buy orders for more than 10 different crypto assets, directly from our new platform, and pay with your SAP tokens balance (you will be able to use USD as well). And we are even adding Market Order and Limit Order features to make the experience of buying crypto fair and seamless. Your rules after all! All buying orders will be executed on a non-custodial way, and you will receive your funds directly in your crypto wallet. Among the main assets you will be able to buy we can highlight Bitcoin, Ethereum, Polkadot and Cardano.
4. We will do a complete remodeling of our loan structure, and now you will be able to get crypto-backed loans seamlessly, with the funds credited into your account in 24 hours.
5. You will be able to use your governance tokens (SAPG) to back your loans, being able to access fiat liquidity using your tokens.   
6. We are working to implement a virtual credit card for you to spend local, in USD, and pay your credit card bills with Swaap tokens (SAP).
7. We are reworking our fee schedule, and using our services will become even cheaper.
8. We will be drastically reducing our KYC requirements for you to open an account with us, and all you will need will be your name and email to start with.

* If you already have an account with us, don't worry, you won't need to do anything. All changes will appear on your platform as they are implemented, and your account, your funds and your data won't be compromised on any shape or form.

Make sure to have some SAPG ready to go, because now you can use them to borrow fiat, and also make sure you have your SAP tokens ready to go, because soon - through our card - you will be able to use it to buy and shop local.

But wait, there is more!

For those struggling with ridiculous Ethereum gas fees, we will make even easier for you to mint SAP through Nova Bank, paying it with your credit card, with no gas fees whatsoever (it's like magic, we know!).

And more features and news might come along. So, keep yourself up to date with our Twitter and other socials to be informed when these changes will be taking place.

But wait, there is even more!

Our development is in full throttle, and we are actively looking to forge partnerships, find seed investors and individuals willing to help us to bring awareness to our platform. So if you fit on any of these categories, please get in touch with us by sending an email directly to our founder at [email protected] or reaching out via Telegram.

We know... We haven't even launched yet, but our platform is already a blast! Our tokens have real-life utility and we are working harder than ever to bring the best and most democratic banking platform out there.