Topic: SWATCoin - page 106. (Read 54837 times)

New Upgrade and Windows GUI Wallet Released!

SWAT Windows GUI Wallet Version 1.01 and release 6_23 has been released! You can download it from here.

https://github.com/SWATCoin/SWATCoin/releases/download/V1.01/SWAT.Windows.GUI.Wallet.6_23.zip

You can see the release page here.

https://github.com/SWATCoin/SWATCoin/releases/tag/V1.01

This time the bounty has been increased to 2000 per individual investor who downloads and sends his new Wallet address to me along with the original WAVES Wallet Address to receive the bounty. My email ID: [email protected]

I have given below the content of the release notes and instructions file present inside the zip folder.

Windows GUI Wallet V1.01 R6.23 Release Notes
---------------------------------------------
Windows GUI Wallet Win 64 V1.01 Release 6_23
USAGE: Extract files to folder SWAT Windows GUI Wallet 6_23
Install the C++ Runtime Libraries by running the Visual C++ v56.exe file.
The file will open a commnd prompt and ask for confirmstion to remove existing installations. Press Y to confirm. If there are some previous software/windows updates which require a reboot that is pending then the command prompt will request for a reboot. Press Y to confirm and then install again after reboot.
Once the installation is done you are ready to start the wallet.
Open the Wallet by running SWATCoin.exe file.
You will see a splash screen with the SWAT logo saying loading blockchain...
Once the Wallet screen is open press File button on the top left corner and press Create Wallet from the drop down menu. When the Save window opens give your preferred name and save the xyz.wallet file. Keep this file safe by uploading it to your mail. Now you have created the wallet and to see your address press the Receive button on the wallet. Your wallet address will be displayed.
Copy this address and send it to [email protected] to receive your first inward transfer by way of bounty.
Once the wallet is synchronized you will receive your SWAT. Wait for block height to synchronize for confirmation to see the amount in your balance!
You can set a password for your wallet by going to Settings and pressing Encrypt Wallet.
Keep your Wallet Address, xyz.wallet file and your password safe!
Contact [email protected] for any feedback or queries.
------------------------------------------------

Since in a normal wallet you will have the option to mine the coins by connecting to the remote daemon through the local RPC port, that option had to be disabled in this wallet. But for transfers to be confirmed the mining process has to be continued. Hence I will do the mining from our servers, periodically to confirm the transfers There are contributions from 4 different individuals that has gone into the development of this Wallet including me.

Hope this version is more user friendly and is able to synchronize with the block chain easily and confirm the inward transfers of the bounty. From the tests that I have conducted the transfer gets credited instantly and confirmed pretty quick since our block height is at around 800 as I write this post.

Again I can't resist the temptation to compare our project to TRX. TRX started 4 years back and are completing their shift to their mainnet on the 25th. In fact exchanges like Yobit have announced that they are not able to implement the new wallet and have warned the investors to withdraw their TRX (ERC20 tokens) till the time they are able to install the new wallet based on TRX's new block chain.

We have released our Windows GUI Wallet on the 24th of June, 74 days from the time we completed our-presale!

The next target is to release our Pocket Miner before the scheduled date of release for testing which is 15 September 2018!

This has been a good weekend!

Otclegend, Thanks for your trust! I appreciate it.

We should keep one thing in mind. A good coin is not dependent on a single Exchange or a single listing or ICO for its long-term success. Our coin is based on a very profitable project with absolute long-term success!  Nothing can stop it from succeeding. Occasionally  there may be some delays due to the delay in generating additional funds for speeding up the various stages of the project like what happened with the ICO. But this will not prevent the long-term success of the project. I have given below a part of my mail to a potential investor from the US who is keen to be part of our Pocket Miner project. Pocket Miner is the flagship project based on which our coin is to succeed in the long-term. Read below to know the potential of and long-term plans of our Pocket Miner.

"The idea of the pocket miner has originally evolved from three basic things.

First thing is, for other crypto coins that can be mined using different mining processes, either by setting up a mining rig or by buying an Asic Miner like the S9 Antminer for Bitcoin mining by Antmain, both these processes are cumbersome, complicated and difficult processes. And both are expensive with no guarantee of assured returns. Bitmain's Antminer S9 costs you roughly USD 3000 with shipping costs and power unit set up. With the pool fees and difficulty increase in addition to the fluctuating prices of Bitcoin (dropped from 20000 USD to the present levels of 6400 USD) every calculation of mining profitability would have gone out of the window.

So we wanted to introduce a miner which is user friendly, not very power hungry, that which can be used easily by every one, not just by the technically oriented. This is the basic idea behind the pocket miner. The unique thing about the pocket miner is that it is produced by the SWAT coin project and every one has to mine the coin only with the Pocket Miner. You can't mine the coin with any other device. You cannot build a mining rig using GPUs. You can not mine it with Asic miners. This is because using a unique MACID/IMEI based identification the pocket miner's identity will be registered with our servers and only such registered devices can mine the coin.
Part of the profit from the sale of pocket miner's will be invested back in to the coin which will provide price growth and stability for the coin.

The second way of generating more revenue from the pocket miner is by integrating a video ad exchange into the mining app.The ad revenue from the individual miner will be shared between the project and individual investor holding the miner. So the miner which will priced at approximately 350 USD for the high end version will pay for itself in 7 to 8 months and make profit for next 16 months. After that the investor has to buy newer model to keep up with the difficulty increase. This will keep giving the project recurring sales of project miners.

The third aspect of revenue generation will be to deliver educational and infotainment content to the student community in digital format (text books, lecture videos, practice tests, power point presentations, etc.) and earn revenue from that at the same time provide some pocket money to students to subsidize their educational expenses. The market is no just the student community. If we replace the text books with magazines, popular fiction and non-fiction and provide access to online entertainment channels through the bulk subscriptions then the market can extend to every section of the society.

With 40% of profits from all these revenue streams we buy more coins from the market and give it as quarterly airdrops to coin holders based on the amount of coins they hold, just like quarterly dividends.

Apart from all this the Pocket Miner will have the functionality of a high-end smartphone.

Already we have got inquiries from distributors from 16 different countries.

But the Pocket Miner will be ready for testing only in the month of September. In order to generate funds for speeding up the launch of Pocket Miners was the primary reason for launching the ICO. Since the ICO has not helped in generating the required funds, now i will ask potential distributors to make advance deposits for a minimum of 10 Pocket miners at 350 USD a piece for smaller distributors and may be 100 Pocket miners for county level distributors who in turn can appoint smaller regional dealers under them.

After that we will announce a pre-booking offer on our website for Pocket Miners. I am planning to offer 50 to 75 USD per Pocket Miner for our distributors as dealer margins for investing in distributing our Pocket Miners.

Because of all this between October to January 2018 we expect the price of the Coin to go to a range of 0.50 USD to 1 USD mainly from the profit from pocket miner sales being put back into the coin."

So even if we are listed only on one exchange SWAT can and will be successful!  

The idea of having a product, a device can make you money instead of big business making all the money was incredible idea to me when I bought in. The idea is so unique and being I have not seen anyone even to make something of the sort is astonishing. So belief and faith in this project was a 100 percent chance and I took that chance. I wanted to buy bitcoin a couple years ago but I was scared to jump in and risk money/time/effort. Now look at it. So for me to take a chance on a coin/token with a product is far less of a chance then just a coin itself in my opinion. The ideas and speculations of this whole idea is probably really ridiculous in nature but its all possible. The amount of things other then one product and one coin that could come out of this is the endless.
I just watched shark tank last night and the guy who owns Uber said he took a chance buying (Uber) for 3 million dollars and in the same sentence he stated it is now worth 40 billion. So the chance I have taken since the first day I could I have not looked back one second on my risk. I might get a little antsy because of my own speculation but I am just waiting trying to help other understand my consciousness of the situation may it be right or wrong. Applaud to Dilip for his pioneering idea of fixing/changing/helping the world as it may.