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Topic: [ANN][ICO] Swapity - Cryptocurrency Exchange That Pays 100% Dividends - page 3. (Read 5735 times)

sr. member
Activity: 490
Merit: 250
And will all the tokens sent as votes be revenue for your company?

Basically, I'm asking if also 100% of the tokens used to vote will be distributed as dividends.
All Swapcoin tokens used for voting will be returned to their owners after the voting period ends. The voting contract is essentially a temporary escrow account.
Users deposit tokens, select the option(s) they want to vote for, and will have their tokens automatically sent back to them once the voting period ends.

You never loose any of your tokens by voting.
So basically those who hold the most tokens have more power to decide which coins are added.

What is your plan for the voting period? Also, what are your plans in case a coin doesn't have any transaction volume but was voted to be added?
member
Activity: 61
Merit: 10
And will all the tokens sent as votes be revenue for your company?

Basically, I'm asking if also 100% of the tokens used to vote will be distributed as dividends.
All Swapcoin tokens used for voting will be returned to their owners after the voting period ends. The voting contract is essentially a temporary escrow account.
Users deposit tokens, select the option(s) they want to vote for, and will have their tokens automatically sent back to them once the voting period ends.

You never loose any of your tokens by voting.
sr. member
Activity: 490
Merit: 250
And will all the tokens sent as votes be revenue for your company?

Basically, I'm asking if also 100% of the tokens used to vote will be distributed as dividends.
member
Activity: 61
Merit: 10
Basically like Changelly or ShapeShift?

What features will you have that they don't currently offer?

Yes the concept is similar. Unlike Shapeshift or Changelly though we are paying out 100% of the exchange's profits to Swapcoin token holders.
This will be done every 12 weeks through an Ethereum smart contract.
The whole voting concept is very interesting. What structure do you plan to have for the voting scheme?

Swapcoin holders will be able to vote on various things like adding new coins to the exchange. This will be done through smart contracts. When Ethereum gains full support for zk-SNARKS we plan on integrating it, making voting completely anonymous.

For example, the Swapity team will choose a list of potential new coins to add based on popularity and user feedback. Users will then be able to vote by sending their Swapcoins to the voting contract and selecting their coins(s) of choice.
You will be able to split your vote, say 80% of your tokens could vote for Example1coin and 20% of your tokens vote for Example2coin. During the voting period the Swapcoins you send to the voting contract will be locked until the vote period ends.
This is to keep track of tokens and prevent double voting.
member
Activity: 61
Merit: 10
lol why are you so late to make ann thread about your ico ?
I see your ico only 8 days before ico ends with Ether raised: 349.84 :/ its too bad sir , not much people know your project before .
We had some internal communication issues but we're fully up and running now!
Thanks, we hope to raise even more Ether from the community.
sr. member
Activity: 490
Merit: 250
Basically like Changelly or ShapeShift?

What features will you have that they don't currently offer?

Yes the concept is similar. Unlike Shapeshift or Changelly though we are paying out 100% of the exchange's profits to Swapcoin token holders.
This will be done every 12 weeks through an Ethereum smart contract.
The whole voting concept is very interesting. What structure do you plan to have for the voting scheme?
member
Activity: 61
Merit: 10
Basically like Changelly or ShapeShift?

What features will you have that they don't currently offer?

Yes the concept is similar. Unlike Shapeshift or Changelly though we are paying out 100% of the exchange's profits to Swapcoin token holders.
This will be done every 12 weeks through an Ethereum smart contract.
sr. member
Activity: 1316
Merit: 254
United Crowd
lol why are you so late to make ann thread about your ico ?
I see your ico only 8 days before ico ends with Ether raised: 349.84 :/ its too bad sir , not much people know your project before .
sr. member
Activity: 490
Merit: 250
Basically like Changelly or ShapeShift?

What features will you have that they don't currently offer?
member
Activity: 61
Merit: 10

Introducing Swapity - The Instant Cryptocurrency Exchange That Pays 100% Dividends With No Account Needed



| Simple instant coin swapping | Doesn't hold user's coins | 100% exchange profit dividends through Swapcoin |


Token address: 0x4b35e0AB998Ebe8414871c13cf778F9D0Bbdf609

SWP is now listed on EtherDelta crypto exchange!
SWP is listed on CoinMarketCap



Swapity Exchange


Swapity doesn't need your name, email, phone number, mailing address, bank info, or any other information for you to trade.
We just need the receiving cryptocoin address and return address for your coins. Simple as that.

Swapity doesn't hold your coins like traditional exchanges. You're always in control of your assets.
If we were to be compromised there would be nothing of yours to loose.

Swapcoin token holders as a collective receive 100% of the profits generated by the exchange.
Have 1% of all Swapcoins? You have access to 1% of exchange profits.



Swapping made Easy


Swapity is designed to be easy for everyone from the first time cryptocurrency novice to the experienced crypto veteran.
The intuitive web interface and mobile app are perfect for those who are new to cryptocoins
and anybody who wants to swap coins in just a few clicks or taps with no account needed.

We also offer a free and open API for developers to seamlessly integrate our service into their products. Whether you want to proudly
display the Swapity logo to your users or silently utilize the API in the background, the choice is yours.



Stay in Control


Do you really own your coins if some one else controls them? Swapity doesn't hold your coins like traditional exchanges. Instead all we need is the receiving cryptocoin address for the coin you're swapping to.
Because your coins stay in your control they are only accessible to you. Even if a malicious attacker were to compromise Swapity there would be no way for them to drain your funds because we don't hold them.



Swapcoin Token


Users who contribute Ether to help fund Swapity will receive Swapcoin tokens. Swapcoins are tradable Ethereum tokens that grants users access to functions relating to Swapity.

Swapcoin holders as a collective receive 100% of the profits generated by the exchange. There will only be a fixed total supply of Swapcoins. If the crowdfund does not sell out all extra Swapcoins will be destroyed.
Once you are a Swapcoin holder, every 12 weeks you will be granted special privileges within the platform that will enable you to claim profits. For example, if you hold 1% of all tokens you would have
access to 1% of the profit the exchange generates. Exchange profits will be converted to Ether for claimers to withdraw from a smart contract.

Swapcoins are also used for other functions like voting. Users who hold Swapcoins may vote on a number of proposals such as
adding new coins to be listed to swap on Swapity and adding new features to the platform.



We expect Swapity to be operational in the first half of 2018. This will be a beta release in which some features like the public API will not be finalized. In the second half of 2018 we expect Swapity to become
fully operational along with the completion of the desktop, web, and mobile wallets. Our hardware wallet will also be focused on at that time.
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