Topic: [ANN] Swaap | Enhancing multichain payment systems (Read 1623 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.

Swaap has also delivered bold and exciting business solutions through their partner with Nova Bank. In their platform you will be able to submit your invoices, quotes, convert your tokens for instant fiat liquidity, and more. without registration or monthly fees.

Hi, no, you can buy it directly from us, and we will cover the gas fees ourselves. I know that Ethereum fess are ridiculous at the moment, and we are working to make Nova Bank compatible with SAPG as well, in a way that users won’t incur in gas fees while using the platform. Send an email to [email protected] with your purchasing requirements, and we will make it happen for you.

ok, does the SAPG sale only take place at uniswap? I want to try to buy it a little bit but the transaction fee is very unreasonable, maybe you have to make changes if you want SAPG sales to sell out quickly

Hi, yes for SAP and no for SAPG. SAP tokens are pegged to the US dollar value at a 1:1 basis, so if the BTC price increases in dollar terms, the SAP price will remain the same, while the BTC price in SAP terms will also increase. Our governance tokens in the other hand, SAPG, have a free-floating market value, and its value might increase and decrease independently, even though altcoins such as this one, tend to be - at least on some degree - correlated to Bitcoin, so sometimes you will see BTC prices increasing and SAPG prices following its trend.

No worries, we are here to work for you.

It's fine if the token is indeed stable and has not experienced a drastic increase. But will it be stable if the Bitcoin price continues to grow? will the token continue to be stable?

Thank you, I feel very appreciated, you have quoted me twice and directly asked Nova Bank to post an announcement regarding their partnership with Swaap. I've checked it and thank you for the good response. hereby everyone will know and be sure of the partnership between Swaap and Nova Bank.

Hi again, they have added the snippet of the partnership on their home page already. You can check it out by visiting their website.

Hi Nira09,

The whole Nova Bank's platform is built on top of our technology, and works exclusively with Swaaps and US Dollars, thus the assumption that these kind of questions wouldn't be raised by the community. But if this is something that you want to see, I will be passing on the request to the Nova Bank's team to post an announcement of the partnership, so you can be sure. I will come back here and quote you again once it's up.

Thank you for your feedback, much appreciated.

We are aware of the high transaction costs at the moment, and as advised above, the only reason why we only have a SAP-SAPG pool at the moment is to bring more awareness to the platform itself. Though, looking at all these responses from you guys, I might open a discussion with the team as for creating other pools to make it available to the users to purchase SAPG tokens directly. In the end, we want to work for you guys, and do it in a way that you will appreciate and give value to the project, and if you are saying that you rather purchase our tokens directly, without having to use our utility tokens, that is something that we will definitely take a look at.

Hi Shinratensei,

Thank you for your feedback. As replied to the user above, the reasoning of it is just to bring more awareness to the platform, and if you read through the announcements, you will se that you can buy SAP tokens using USDT, DAI or USDC at any time through Uniswap or LedgerDex. You also have the option to purchase our governance tokens directly from us, until the presale stage is over (20th March). So if you want to bypass buying SAP tokens for that, just reach out on Telegram or via email ([email protected]).

Hi Asyakashi, the reasoning behind it is that the project is already fully funded, and we are not looking to raise capital out of the sale, but to bring awareness to the platform. Allowing only swaps through our native tokens allows us to do that, as more people will become aware of the existence of our platform through the purchasing of our utility token (SAP), so they won't be looking at it exclusively as a speculative instrument, but a truly powerful platform that allows individuals and companies to do business globally.

Hi, thank you for the feedback. We are continuously looking forward to partner with other businesses and individuals to make our platform more powerful and wide-known.

Maybe you forget that the SAP token is a stable token like USDT (1: 1). so the value will never increase, even if the demand is large and the trading volume is high. as for the token whose price continues to move up / down is SAPG.
Can anyone prove that the Swaap project is partnered with Nova Bank, I would like to see an official announcement from Nova Bank, that they are partnering with Swaap

Maybe it was their strategy to make their coins increase slowly but it was a little confusing too. but it's best to ask this personally. So that this doesn't become a dream for you

isn't this going to be too complicated and consuming quite a lot of transaction fees, and especially now that the gas costs for the ERC-20 network are very high, surely most people will avoid transactions for a while, and hopefully the SAPG sale will finish quickly

I feel the same as you dude, I have no clue where can we buy SAP?
I just checked the telegram group recently and everyone can buy SAP from the site, It looks like the developers wanna make its own token more valuable by making SAPG can be bought only with SAP.
The mechanism used by the swaap dev makes me confusing.

a little confusing when I see they sell 50,000 SAPG, but they say they can buy it with SAP token, why don't they sell it directly with usdt, usdt or any other stable coin

isn't this project partnered with NOVA BANK now? in my opinion it's very good but if you want to add more partners it will be much better, actually if their marketing looks good then don't need to look for partners but other projects that will look for this project

hello sir, our project is very good why don't we look for partners so that this project will expand its network so that many newcomers will be connected to the SAPG project looking for new partners, a pretty good idea at this time

Hi, yes, that's our core team, supported by network of other companies and partners, such as Baronceli & Partners and Red Jack Studio.

good job, did the team only consist of 3 people? I won't assume Community Manager and Bounty Manager as team because they only manage bounty campaigns and answer questions on telegram

Hello admin, please update Goin Merry Social Media Twitter link, because the link on the website leads to Paulo Baronceli twiter account

The team social links were updated already, and in regards to the CEX listing, if we decide to proceed, the announcement should be made before the end of our presale stage.

Hi Sourhearrt, initially we were not expecting to launch on CEXs, but since we started a few exchanges contacted us and we are now on the process of due diligence to decide if we will be listing, and if yes, with what exchanges we will be working. As for now, nothing has been decided yet.

No, the team has no intention to remain anonymous, the request for the company who maintain the website to update the social links has been already put through, and we are waiting for it to be updated. As for the photos, they we decided to keep the avatars, as it somehow reflects our joyful mojo, but you will be able to check each individual member on their socials, once the links are updated.

Thank you for your support!

Do you guys have any plan for IEO launchpad on centralized exchanges? Also we will like to know when the listing on exchanges will begin, the information provided as team members is cartoonish, are the team trying to be anonymous? Anyways  I wish this project all the best

For sure, Moremoney01. The presale stage runs up until 20th March. You can stake the tokens on Uniswap and get 0.30% out of every transaction, or you can stake it on Nova Bank and get paid 5.5%, compounded and paid daily.

How long will the $SAPG presales last, can you give information on this? And Is $SAPG of for staking, what is the return percentage

Hi NeverSop,

Red Jack Studio is one of the project's partners. The project's timezone is the NZST. Thank you for your support

Nice to join.
1. Is Red Jack Studio LLC a partner, sponsor, or investor to have the project website?
2. If true only 1% of the total can be mined annually like OP and WP, ​​that's really impressive. This keeps me looking forward to January 20 for the upcoming pre-sale. So update the time zone to start the ceremony.

Thanks for your support!


The answer would be yes. Currently you are able to withdraw your SAPs to the following bank accounts, through Nova Bank:

- Any IBAN European Account (EUR)
- Australian Bank Account (AUD)
- New Zealand Bank Account (NZD)
- UK Bank Account (GBP)
- Singapore Bank Account (SGD)
- US Bank Account (USD)

More options will come as the project develops.

Saw the project's concept and I'm impressed with the integration of the stable coin side.

Not familiar with NovaBank but can we linked or possibly do a transaction there to our own bank account?



I don't know how's those numbers became an issue for a new project. They just opened their bounty. They are just starting the marketing side.

Look at the progress, and now at 500+ and I think more users will be involved. Look for the previous discussions there and you will see how active their team is. Just as with any project, we need to research their background and monitor their progress.

Hi Salome16. You've got all confused there, and the answer to your question is on what you've written.

Etherscan shows the supply with the decimals, so that's maybe why you got confused with that one. That allows developers to work around the accuracy of the information that they want to show on their applications.

The second link you've posted, is from our SAP (utility) not our SAPG (governance) tokens, and moreover, is from our testnet, not mainnet. Any links on Etherscan starting with "https://ropsten..." relates to the Ropsten testnet, and we've created this contract to allow developers to use our utility token to test and implement applications. So it is nothing more than a test token.

And on the last link you've sent, you're fetching our treasury wallet balance and not the token supply.

The total supply is 3,000,000 (3 million), and all the information shown on the token's webpage (https://swaap.org/sapg) is accurate and up to date. Hope that clarify things to you and feel free to reach out if you have any further questions.

SUPER PROEKT

total suply is 30 000 000 000  , 3 000 000  or 3 000 000 000 ?

https://api.etherscan.io/api?module=stats&action=tokensupply&contractaddress=0x872411be80f2984af3ad53a23ee7e80c944c3091&apikey=4SIJ98ANSYWIE5WG7PIJIAEYPIT8E96Y98

https://ropsten.etherscan.io/token/0x6ac92d4035088b626f562c41341451e9604d67b7

https://supply.sapg.api.swaap.org/

https://api.etherscan.io/api?module=account&action=tokenbalance&contractaddress=0x872411be80f2984af3ad53a23ee7e80c944c3091&tag=latest&apikey=4SIJ98ANSYWIE5WG7PIJIAEYPIT8E96Y98&address=0x86471665E962F9169b7B621C9f51c88E6A1D618a







 

I notice that they already launch the bounty campaign in this forum, so that I think their telegram group member will increase quickly.
I see social media accounts are not very active, it would be great to display all the latest information on all the social media the project has.

Hi Bitstar, thank you for you feedback. All these suggestions are being passed on to our marketing team, which will be working on it in the days to come.

Hi Dron, thank you for your feedback!

This is a newly launched to the public project even though the project itself has been in existence for some time now, just like someone already suggested in the previous page, it will be better to include team info on website for transparency, people don't trust faceless project that much and I see this project looks very different and interesting,
I like the idea of staking and earning passive income, my only problem is trust, and the governance token supply is just 3 million pegged at $10 each, if the team can build a good hype around this token, it will sell out within minutes on uniswap, so I suggest you up your game regarding marketing.

I've just looked at your telegram group, and saw there only 218 members. At first, it means that you have to work better with marketing. At second it means that you are honest in this case, because a lot of crypto project make simple thing: they buy thouthands of subscribers, and create an illusion that they are popular and interesting for investors. Anyway, good luck!

That's true for our SAP tokens, as they're our utility tokens and pegged to the USD value at a 1:1 ratio. The compounding and payout is daily and the minimum amount to stake is 100 SAP. There is no bonding and you can withdraw your funds at any time.

We will also be listing our governance tokens, SAPGs, and with them you might be able to speculate on the markets, if so you wish. These are being put available on a presale basis from the 20th January on, and will be the tokens paid out on our bounty campaign.

As for the listing information and dates, you can refer to the main thread, as it's all written there.

Thank you for your support

Hi New_order, I will pass the suggestion on to the website management, to post the social media links for all team members.

Who are the team behind this project? Its better if we know more about the team for trusting issue sake, pls try to work on that, if team members are known it will make more sense

We are betting into a more organic growth, as those are usually the long time players, and we really believe in our platform. It brings not only a real use-case, but solve a problem that crypto projects have failed to address to date, which is the problem of liquidity-on-demand in fiat. After all, there are very few places where you can do your groceries or fill up your tank with crypto. So, instead of fighting over the legacy system, we tried to join them to create a true powerful platform, that will allow you to go all-in into crypto to run your finances - or even your business -, pinching liquidity in fiat out of your funds as you need it.

We are really keen on what we have accomplished, and we really believe our users will benefit from it, so we are just being patient and targeting the quality of our products and services rather than booming a hype that will dissipate as fast as it was created.

I really appreciate your support, and hopefully we will see you around on our bounty campaign and presale round

Hi Maximum11, currently you are able to withdraw to the following bank accounts:

- Any IBAN European Account (EUR)
- Australian Bank Account (AUD)
- New Zealand Bank Account (NZD)
- UK Bank Account (GBP)
- Singapore Bank Account (SGD)
- US Bank Account (USD)

More options will come as the project develops. Thank you!

Initial sales will start on January 20, yes that means it will arrive soon, I like to see this Swaap project but it's still very quiet right now, I see it in the community and on the Swaap forum, there are still a few users, for the future hopefully it will be increasing

Thank you for the support. Fortunatelly enough, more than 90% of our project is already implemented and working. We made sure to have our platform  up and going before even coming public. We really believe we can serve our users with not only a real use-case, but a solution for a real problem.

Hope to see you around our platforms! Thanks again for the support.

It is good to aim having a real use-case for your project. Because that will be you edge with other competitors. It will also help your project survive in the market. I just hope that you will survive long in this competition and serve your customers in a satisfactory way. Not many project can actually implement their goals. So let's see if you will make a difference in the crypto space. Good luck!

Yes. Our Telegram group is steadily growing and official announcements are coming as we push the project forward. Thank you for the support.

We are just kicking off. If you join now you should see more action in our community groups. We had some regulatory constraints (due to offering fiat liquidity) that set us back a couple months, but we ade back on track and ready to go.

I think the project is just starting off, and there has not been any official announcement made that's why there is no much user on the Telegram group, am even surprised to find some users there already, I thought I will be the first

I am quite interested in seeing the Swaap project whether we don't have any promotional events going on and I visit the telegram community it looks quite quiet and rarely interacts, growing a community is a good start for any project including the Swaap project

Nova Bank gives usability to the technology, providing liquidity and operating the core of Swaap within their own platform. Both are independent parties of the same project, working side by side to develop the technology and run the platform that gives a real use-case to Swaap.

What relationship does Swaap have with Novabank

When compared to the USD, you are right, once the value of the SAP is pegged to the one of the USD, on a perpetual rate of 1:1. You will be able to stack your tokens, in order to generate yield, or use it to operate your business through Nova Bank, using it as a medium of exchange of goods and services.

Swaap Governance tokens (SAPG), in the other hand, will have a free floating value on the open market. So as with any other investment, there's risk and volatility involved.

Swaap offers seamless benefits, the first Defi project I've come across that is paired to USD.
Does this means that when one invest on SAP he's investment is 100% safe as he's investment can never go below his initial deposit?

This project has been discontinued.