Topic: [ANN][PRE-ICO][DPOS][DEX] SWAPBLOCKS: Decentralized Swaps (Read 159 times)
Initial coin distribution has started, we will now send out coins within 1 business day of receiving a contribution
This is a continuation of the thread below
https://bitcointalksearch.org/topic/pre-icodposdex-swapblocks-decentralized-interest-rate-swaps-3456464
https://bitcointalksearch.org/topic/pre-icodposdex-swapblocks-decentralized-interest-rate-swaps-3456464
WHAT IS SWAPBLOCKS?
Swapblocks is a DPOS blockchain platform for automating compliance workflows with permissioned smart contracts. Our codebase is based on Ark's 51 delegate DPOS system. Read our whitepaper for more info.
WHY ARK?
The blockchain component of swapblocks is being used for transaction lineage and data integrity. We chose ARK because of the modular codebase, pre-built tools and the ability to interact with other blockchains.
THE PROBLEM
Financial institutions spend exorbitant amounts of money on compliance. Banks alone spend ~$270 billion a year on
compliance-related costs. This cost is expected to increase to ~$540 Billion per year by 2022. Financial institutions develop in house database systems and processes to ensure they stay in compliance. When financial institutions
trade with each other, each party must record their own versions of the transaction in compliance with regulation as well as their own business rules.
SWAPBLOCKS SOLUTION
Swapblocks streamlines the compliance process by acting as a neutral bridge between organizations.
Documentation can be sent through the network as part of the transaction and the integrity of old documents can be
verified by checking against the hash stored on the blockchain. This allows compliance documentation to flow between entities as they trade the asset, eliminating much of the duplication of work currently done today.
MORE BENEFITS
Assets can be swapped directly on swapblocks through an asset swap transaction, effectively rendering swapblocks a decentralized escrow service.
The decentralized exchange functionality will allow users to post, find and fill orders enabling greater price discovery for high value/low volume assets such as interest rate swaps bonds, and high quality liquid assets.
SBX Currency
SBX is the native currency of swapblocks and there were 100 Million SBX created in the genesis block. You can purchase up SBX here.
Forging Rewards
5 SBX for the first 1500000 blocks
4 SBX for blocks 1500001 - 3000000
3 SBX for blocks 3000001 - 4500000
2 SBX Thereafter
8 Second block time
Swapblocks is currently in phase 2 of the roadmap and looking for community members who share the vision for decentralized financial markets and flexible asset governance. If you would like be a contributor to our young and growing community then we're interested in hearing from you. We believe the community is the backbone of this revolution and hope to maintain open and frequent dialogue with you.
RESOURCES
5 SBX for the first 1500000 blocks
4 SBX for blocks 1500001 - 3000000
3 SBX for blocks 3000001 - 4500000
2 SBX Thereafter
8 Second block time
WHAT'S THE PLAN?
Swapblocks is currently in phase 2 of the roadmap and looking for community members who share the vision for decentralized financial markets and flexible asset governance. If you would like be a contributor to our young and growing community then we're interested in hearing from you. We believe the community is the backbone of this revolution and hope to maintain open and frequent dialogue with you.
RESOURCES
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