Topic: SWATCoin - page 26. (Read 54837 times)

Here is Steven's Article about SWAT on Cryptobieb.. https://cryptobieb.nl/swat-coin/ and already there has been a 2.4 million SWAT buy on Yobit! Hopefully there is going to be more!

SWATMINER Lean Mining APP Integrated with ADMOB Ad Network Fully Functional! Testing Completed Successfully!

We have successfully completed the Ad network integrated testing just now. Thanks to everyone who participated in the test!

ADMOB Report during the past two days of Testing has given us an insight into the kind of revenues that this revenue stream will be generating for us in the future..

See Screenshot..



Only 5 Users had participated in the second round of testing actively after the ADMOB ads were integrated.. You can see that the ads have generated a revenue of 2.7 USD in the past 2 days.. which works out to 0.27 USD per Pocket Miner.

In just this one trial run with just one AD Network we have a 27% additional income from this revenue stream assuming USD 1 from mining revenue!

This is great! With focused ads with much better eCPMs we can reach a great level with this revenue stream in the next 6 months..


Just imagine, if we have 10000 pocket miners mining this revenue stream alone can generate 2700 USD per day of additional income with just this one Ad network!

CRIPTODIVISA31, Now i have decided to give every Pocket Miner Buyer a free T shirt. Tomorrow the first shipment with the free T-shirt is going out to Korea!

Also i appreciate your suggestion, Cristian, of giving PM Corp tokens bonus to our new investor group from Netherlands! Good suggestion! Will do it.. Good to have you back.. Looking forward to your taking up the distributorship in Peru and sponsoring a get a sponsorship deal with a Junior league or School football club/team, like how our Nigerian Investor and distributor has done, who can wear these T-shirts and play! That will be very good exposure for us!

Thank Dilip ....HolD.... 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

sev-kav, we are a mining coin. Can you mine from the balance held by others? If you read the white paper you can see the formula.. mining, difficulty calculation everything..

This question was asked by alexhihidok on May 17, 2018, 04:03:54 PM

https://bitcointalksearch.org/topic/m.37722784

We added 20 million for promotions.. See the post below about our ICO request to Yobit!

Excellent News! Big Investment Proposal from Netherlands! Big Buy Coming Soon!

I got a mail from Cryptobieb of the Netherlands yesterday.. They and a group of investors associated with them wish to make big investments in SWAT!

The first part of their mail to me is this..

----------------------------------------------------------

Dear Swatcoin Admin,

I am mailing on behalf of a local enterprise in the Netherlands that shares news and developments around blockchain and crypto in general. We have taken an interest in Swatcoin and would like to buy and do a piece on it in the near future. However, before we decide to invest a significant of our portfolio in Swatcoin there have been some lingering questions which we would like to get answered. We are hoping you would like to take the time to answer these. Our idea is to call and share the coin this Wednesday across the Dutch community via Telegram as well. We would appreciate it if it’s possible to answer this mail on short notice.

-----------------------------------------------------------

See screenshot of mail below:



I have given below the entire transcript of the mail and my response to the queires below. This gives clarification to several questions that are in the minds of our own investor community members as well! Please go through the transcript.

---------------------------------------------------------------------------------------------

Hello Sven,

I have given below detailed answers to all your questions. In case you need further clarifications please send a mail to me.

Looking forward to your write up about our project and for your group's valuable investment in our project. Thanks for you trust in our SWAT coin project!

Regards

Dilip

-----------------------------------------------------------------------------------------------------------------------

Questions and Answers:

Total amount raised during ICO

Question:

Is there info available about the total raised in ETH or USD during the ICO?

Answer:

Total funds generated for the project on WAVES DEX for the project = 56000 USD. This information is available on bitcointalk and other channels.

Question:

If possible please outline per private sale, presale and public sale the total amount raised + bonuses that were included

Answer:

30000 USD through Pre-sale/ICO (called off)/Further Promotions and Offers. 26000 USD own investment. Bonus offered during pre-sale 20% and bonuses offered through other offers such as Pocket Miner and additional bonus upto 50% in various schemes. Total 290 million tokens. When we shifted from WAVES DEX to ERC20 Tokens we issued 290 million tokens on a 1:1 basis for the existing Tokens on WAVES DEX. This was done before we listed in Yobit. After listing on Yobit, I gave away 25 million SWAT as InvestBox payments over a period of one month through three different IB plans in order to create awareness for the project and to promote the project.

Question:

Are there any lock-up periods applicable for example for those who bought in the private sale? If yes, could you provide info on how long the tokens are locked?

Answer:

There is no lock-up period. SWAT was traded on WAVES DEX from the first day of issue.

Mining

Question(s):

Is there any info available about the rate at which new coins get mined by the pocketminers?
If possible, we would also like the algorithm behind the creation of new tokens. I would imagine having more pocketminers in circulation means increased difficulty?
Is it true there is no maximum supply? If yes, how does the team prevent the price of the token to get diluted to keep the pocketminer interesting for future investors?

Answer:

SWAT is not a unlimited supply coin. It's Max supply is 1.54 billion (please read white paper). Algorithm which shows clearly that the difficulty will be a function of number of pocket miners sold and mining and the price of SWAT is explained in the whitepaper. Coins will be mined by Pocket Miners based on our Emission and Difficulty criteria in built into our block chain at the rate of 77 Million per year for the next 20 years, (20 x 77 million = 1.54 billion minus the pre-mine of 290 million sold already) if we take it on a linear scale which is an approximation. Since the difficulty keeps increasing with the number of Pocket Miners sold and those which are actively mining we need to sell more Pocket Miners in the subsequent years.
Pocket Miner Corp keeps investing 40% of its profit back into the development and growth of the coin. As a result this keeps pushing up the price of the coin since we buy the coins from the market to give Quarterly airdrops. The benefit of this will be seen by the stability and growth in price of the coin.

Buyback

Question:

In the telegram group we were notified that there is a buyback plan ongoing to keep the Swatcoin interesting for future miners. Given there is no maximum supply we think having a buyback program could be a good idea. What are the details surrounding this buyback? Will it be a regular occurring thing? Please provide as much details as possible.

Answer:

As explained earlier, Pocket Miner Corp keeps investing 40% of its profit back into the development and growth of the coin. As a result this keeps pushing up the price of the coin since we buy the coins from the market to give Quarterly airdrops. The benefit of this will be seen by the stability and growth in price of the coin.
We have also integrated an ad network into the mining APP. The revenue from the Ad Network will also be used in the above proportion for buy back. Buy back will happen every quarter which means it will be done 4 times a year.
We propose to generate additional revenue for the project through content delivery on the Pocket Miners. For example we give a trial offer of 1 month free subscription to Amazon Prime Video or Netflix which comes with the Pocket Miners and subsequently users can subscribe to these services through our project by paying with the mined SWAT. The affiliate revenue which comes from such subscriptions will be the third and most important revenue stream for the project. This will be implemented starting from the second half of 2019. This revenue too will be used to buy back SWAT from the market in the same proportion mentioned earlier.

Investors

Question:

In the past we noticed in that a few big investors were interested in the pocketminers. Is there a status update on this?

Answer:

We are sufficiently funded currently to run the operation for the long-term with the revenue generated by the three different revenue streams mentioned earlier. We are in discussions with several investors to generate additional funds for quicker scaling up the operations of PM CORP which is an ongoing process.

Question:

Does Swatcoin have any other investors that contributed in a major way to the development of Swatcoin? (e.g. venture capitalists)

Answer:

As of now no. PM Corp as a parent company of the SWAT Coin project might opt for taking up venture capital funding or generate funds through private placements if and when the need arises in future.

News

Question:

Can we expect some new developments in the near future? If yes, what news can we expect by which timeframe?

Answer:

We have been strictly following our road map and achieving and beating our deadlines consistently till now. Recently we shifted to the Ethereum platform and developed a truly innovative lean mining app and tested it successfully, which does not take up too much resources to mine. We have also integrated Google's ADMOB mobile ad network into the mining app there by generating more revenue for the project to be shared with the miners. Such developments are an on going process and will be announced on all our channels frequently. You can expect more such development on the technology front and on the marketing front in the future.

Team

Question:

We have read Swatcoin is located in Sri Lanka. What is the story behind this? Are all team members native residents of Sri Lanka?

Answer:

We do not have any member from Sri Lanka! I am the founding member of the team and I am located in India. Details of our Development and Management Team can be found here.
https://bitcointalksearch.org/topic/m.34529336

Question:


Is Swatcoin interested in doing a Know Your Developer (KYD) soon? This basically means a “show and tell” about the developers behind Swatcoin. For example a short bio, basic information like LinkedIn profiles, coins they have worked on in the past, other relevant working experience etc. We think KYD is a great way to increase trust and transparency.

Answer:

We are a project that is absolutely committed to transparency! All the team members are on Slack, Telegram, Bitcointalk and Twitter and interact with the entire community regularly, though on telegram there is a closed group only for the D & M members.
We are in the process of revising the design of our website and during this process we will consider a more elaborate way to bring our team even more closer to the investing public.

Coinmarketcap

Question:

What is Swatcoins thoughts about listing on coinmarketcap? Are there any plans on this for the near future?

Answer:

Coinmarketcap listing will come through soon is our expectation. We need more trading volumes on two exchanges approved by Coinmarketcap for better prospects of the listing to go through. We will get there soon.

Exchanges

Questions:

Which exchanges is Swatcoin pushing for in the foreseeable future? Would you like to share your thoughts on this?
Can we expect a new listing soon?
What other methods is Swatcoin pursuing to increase liquidity?

Answer:

Though we are listed on a couple of other exchanges the main trading happens on the SWAT/BTC market on Yobit. Exchanges like Bittrex need a legal assessment and opinion from a US based legal authority about the project's financial status as a non security as classified by SEC. We are working on this at the moment. Once this is done our future target is to get listed on Bittrex or any other exchange that does not do a paid listing. Yobit did not charge us a single Satoshi to get listed. 23 of us sent request to ADD SWAT Token through the ADDToken option on Yobit with nominal value Yobitcodes being sent with each request. None of the Yobitcodes were en cashed. We got a completely free listing which many find it hard to believe till this date! But it is the exact truth and all this is well documented on Bitcointalk. This shows their trust in the project. We will look for similar exchanges to get listed in the future too.
As far as liquidity is concerned we expect volumes to go up as soon as the mining activity picks up. We do not indulge in artificial trading to increase volumes. The trading volumes are and will be always determined by the market forces.

Telegram

Question:

We noticed there are quite a few bots in your telegram channel, hence the actual member count seems inflated. We think, in accordance with trust and transparency, that cleaning the chat of these bots helps improve Swatcoins credibility. Would Swatcoin be willing to contemplate cleaning the chat of these bots?

Answer:

While we started the Telegram channel we offered some bounties to users and members for referring new users. There might have been a few young and enthusiastic users who might have applied in different names to get a few hundred SWAT as bounties.. We always take our members on their face value and trust them and paid them the bounties. In fact several members offered their only their individual holdings as bounties for this.

We do have a slack channel based on invitation which is like a professional work group. I can send you an invitation if you need one.

--------------------------------------------------------------------------------------

On November 5, 2018 at 7:38 AM cryptobieb.nl wrote:

Hello Dilip,

 

Thanks for the quick response and apologies for any errors made. Looking forward to your response!

 

Thanks again!

 

Sven

-----------------------------------------------------------------------------------

From: [email protected] [email protected] <[email protected]>
Sent: maandag 5 november 2018 12:04
To: cryptobieb.nl
Cc: @cryptobieb.nl
Subject: Re: Questions regarding Swatcoin

 

Hello Sven,

Thank you for your interest in SWAT and in our project.

I appreciate your detailed mail based on extensive research on our project. There are may errors in the research. For example I am the founding member/developer of the project and I am based in India. We don't have any team member from Sri Lanka.

Will answer all questions in detail through mail later tonight or by tomorrow morning.

Once again I thank you for your interest in investing in SWAT and for your proposal.

You can expect to receive a detailed response to all your questions from me later tonight or by tomorrow.

Welcome to the SWAT Coin Community!

Regards

Dilip
Admin: swatcoin.network

-----------------------------------------------------------------------------------------

On November 5, 2018 at 4:25 AM @cryptobieb.nl wrote:

Dear Swatcoin Admin,

 

I am mailing on behalf of a local enterprise in the Netherlands that shares news and developments around blockchain and crypto in general. We have taken an interest in Swatcoin and would like to buy and do a piece on it in the near future. However, before we decide to invest a significant of our portfolio in Swatcoin there have been some lingering questions which we would like to get answered. We are hoping you would like to take the time to answer these. Our idea is to call and share the coin this Wednesday across the Dutch community via Telegram as well. We would appreciate it if it’s possible to answer this mail on short notice.

 

Total amount raised during ICO

Is there info available about the total raised in ETH or USD during the ICO?
If possible please outline per private sale, presale and public sale the total amount raised + bonuses that were included
Are there any lock-up periods applicable for example for those who bought in the private sale? If yes, could you provide info on how long the tokens are locked?
 

Mining

Is there any info available about the rate at which new coins get mined by the pocketminers?
If possible, we would also like the algorithm behind the creation of new tokens. I would imagine having more pocketminers in circulation means increased difficulty?
Is it true there is no maximum supply? If yes, how does the team prevent the price of the token to get diluted to keep the pocketminer interesting for future investors?
 

Buyback

In the telegram group we were notified that there is a buyback plan ongoing to keep the Swatcoin interesting for future miners. Given there is no maximum supply we think having a buyback program could be a good idea. What are the details surrounding this buyback? Will it be a regular occurring thing? Please provide as much details as possible.
 

Investors

In the past we noticed in that a few big investors were interested in the pocketminers. Is there a status update on this?
Does Swatcoin have any other investors that contributed in a major way to the development of Swatcoin? (e.g. venture capitalists)
 

News

Can we expect some new developments in the near future? If yes, what news can we expect by which timeframe?
 

Team

We have read Swatcoin is located in Sri Lanka. What is the story behind this? Are all team members native residents of Sri Lanka?
Is Swatcoin interested in doing a Know Your Developer (KYD) soon? This basically means a “show and tell” about the developers behind Swatcoin. For example a short bio, basic information like LinkedIn profiles, coins they have worked on in the past, other relevant working experience etc. We think KYD is a great way to increase trust and transparency.
 

Coinmarketcap

What is Swatcoins thoughts about listing on coinmarketcap? Are there any plans on this for the near future?
 

Exchanges

Which exchanges is Swatcoin pushing for in the foreseeable future? Would you like to share your thoughts on this?
Can we expect a new listing soon?
What other methods is Swatcoin pursuing to increase liquidity?
 

Telegram

We noticed there are quite a few bots in your telegram channel, hence the actual member count seems inflated. We think, in accordance with trust and transparency, that cleaning the chat of these bots helps improve Swatcoins credibility. Would Swatcoin be willing to contemplate cleaning the chat of these bots?
 

That’s it for now. We can imagine these are quite a lot of questions and we sincerely hope Swatcoin would like to take the time to answer these questions in full. In return we would like to reiterate that we are interested to buy large portions of Swatcoin and will call the coin in several channels. These channels have a reach of a few thousand investors, we will call SWAT as soon as we finished buying and have received information on your side.

 

Thanks in advance for your time and effort in answering this questions.

 

Dearest regards,

 

 



Writer & Researcher for Cryptobieb  

-------------------------------------------------------------------------------------------------


 

After I make official announcement about the upgrade to new SWAT, whether the coins are on Metamask, MEW or Yobit.. the coins have to be manually sent to me and the new SWAT will be issued on a 1:1 ratio.

Professor Dilip what will happen to coins in metamask how we swap our old swat coins to new swat coins

Overseas shipment Update!

I am hoping to receive the first 4 Pocket Miners 6.18 meant for the first overseas shipment from the OEM supplier today. Once the lot arrives it is just a matter of 2 days to install APP, adjust settings, upload content, do the minimal level of testing required for optimizing performance and customize packaging and ship it! Will update as soon as I get the delivery!

Have a great week ahead everyone!

Announcement! Invitation to test The latest version of the Mining App SWATMINER Lean APP ADMOB 11.4

The latest version of the Mining App SWATMINER Lean APP ADMOB 11.4 with ADMOB ad network integration is ready for testing! I am re-activating all IMEI numbers of users who took part in the earlier test. Similar to the earlier test this test too will run for 48 hours.. till 5.30 pm GMT on 6th Nov 2018..

You can download the APP here: https://github.com/SWATCoin/SWAT-ERC20-Token/releases/download/11.4/SwatMiner.11.4.apk

In case any new user wishes to participate in the test, please send the IMEI displayed on the mining screen to: [email protected]

All IMEI numbers from the earlier test are authorized now.. Those who want to test the new APP should uninstall the old app and install the new app for beginning the test mining.

ADMOB Ad Network Integrated Successfully! Five Months Ahead of Schedule!

Ad network integration was supposed to be completed in the first quarter of Jan 2019. This has been done with SWATMINER LEAN APP ADMOB 3.11, We are well ahead of the schedule.. In fact 4 to 5 months ahead of time!

There are three types of Ads we have integrated now. Banner at the bottom of the App,

Screenshot:


Full Page Interstitial Ads

Screenshot:



and Reward Video. the reward video add is like a task in a game. After watching the video ad you can claim a reward.. the current reward is 10 SWAT per video ad.. At the end of the day the cumulative reward of SWAT will be added to mining balance and credited to your address..

casinista86, Thanks for your appreciation! You are right! With this price we will be able to make Pocket Miners affordable to everyone! If you remember this was our original idea in the first place. To make the benefits of blockchain technology available in a simple and affordable manner to everyone.. Now we are in a position to achieve this!

Fantastic, more and more convinced of the project, if there really was the possibility of having pocket miner on this price range would be exceptional, we will have a market open to all!

Project Update! Proposed Shift to Mining Enabled ERC20 Standard SWAT Coin on the Ethereum Platform!

With the testing of  the Mining Enabled ERC20 Standard SWAT Coin on the Ethereum Platform, which we completed with great success today, we propose to Shift to this innovative Mining Enabled ERC20 Standard SWAT Coin on the Ethereum Platform, from the earlier CyptoNote based SWAT! The test was conducted live on the Main Net, no Less, with great efficiency with 28,340 SWAT mined by the volunteers and emitted from the contract address to individual miner's Wallets and registered on the Ehtereum block chain and visible and tracked on the block explorer Etherscan.io! The mining process was done with such ease and with almost NIL load on the mining devices! This is truly an amazing innovation! We can be proud of it!

The core concept of our SWAT and the technology behind our mining app which incorporates Verified MAC Id Secured Payments Infrastructure, remains the same. Even the algorithm is the same and the change is only with the platform. By shifting from CryptoNote platform to the Ethereum based platform we are blessed with several advantages. The first and foremost being, the Wallet Maintenance by the exchanges requires almost zero effort. You can see several coins on Yobit that have their Wallets under maintenance always! This will never happen in the case of an Ethereum based ERC20 standards coin. Since wallet integration and maintenance of a CryptoNote based coin requires a lot of effort on the part of the exchanges, they are reluctant to take up the listing of CryptoNote coins.

The second and most important advantage is the innovative mining process and APP that we have developed which takes up least amount of resources for mining SWAT unlike the CryptoNote coin which requires a lot of resources. With this innovative lean mining app having been established as a proven success through the main net testing over the last two days, a tremendous market opportunity has been opened up for us in the future!

The possibility of introducing an affordable Pocket Miner in the price range of 100 to 150 USD over the next 6 months is a reality now! This will give us access to an entirely new segment of market with huge market potential and for the people who belong to this segment, the Pocket Miners will prove to be an absolute necessity rather than being an object of luxury!

The aim of the SWAT coin project and Pocket Miners is to take the best of blockchain technology to the common man through simplicity and affordability. We have achieved this today!

All devices registered for Lean Mining App testing deactivated. Mining test is complete now.

Will update about shifting to the new Mining Enabled SWAT soon! Thanks everyone!

Travelling for the next 6 hours. Need to finalize and confirm a printing and packaging related process for Pocket Miners. Will be back online in 6 hours time!

SWATMINER Lean Mining App - Testing Completed Successfully!

Will be Stopped in the Next 4 Hours..

As mentioned during the start of the Lean Mining App Test.. We will conclude the test in the next 4 hours at 7 AM GMT. As I type this a total of 23540 SWAT was mined in these two days.. and the highest amount mined by a single user is 4000 SWAT in approximately 43 hours! This is very good going indeed! Very successful test.. and completely satisfied with the results.. Thanks to everyone who has participated in the test.. and made it a grand success. Total number of participants 36.. Total address credited 18..

I will give 1000 SWAT as a bounty to every one over and above the value they have mined.. Total 36000 SWAT will be issued to the participants as bounty.

Appreciate all the valuable feedback that was received. Will incorporate these suggestions into our Pocket Miner!

One is that I will not be able to get the T-shirts on time... Second thing is, since these two will be in different packages it will be treated as 2 different packages and will be charged separately for each package.

But don't worry Claudio.. I will find a solution for this and ship the T-shirt to all Pocket Miner Buyers separately a little later!

You're a great Dilip, can not you possibly ship with the pocket miner? Or the problem is that you will not have them in time?

This is just a sample T-shirt Claudio! It costs less than 10 USD. If I order more the price may come down to around 7 USD per T-shirt.. I would like to give one T-shirt Free to whoever has bought the Pocket Miner. But the shipping cost is the problem.. From what I checked now it will cost an additional 30 USD per T-shirt for Shipping alone! Let me find a solution to overcome this!