Topic: SWATCoin - page 5. (Read 54836 times)

Thanks for your appreciation Kevin! Great talking to you.. It is truly wonderful to have been able to chat with you face to face after all these months of interaction on social media and mail.. Thanks for being part of our great project!

Just spoke with @SWATMINER for an hour on chat and your outlook and idea is more amazing then I could have imagined. Thank you

*The agenda for Sunday's meeting is as follows.*. - Getting introduced to each other  - A Review of our achievements and performance in the past 10 months.. - Individual suggestions and discussion about our plan of action for the next 2 years.. - Recap and consolidation of the points discussed.. - Closing remarks and setting date for next meeting.

Suggestions can be in the following areas - Design, layout and content of Website, How to build our Investor community to reach a minimum of 10000 members in the next 3 Months, Increasing sales of Pocket Miners and SWATMINER APPs, Appointment of more distributors, Improving acceptance of SWAT as a payment method, Modifications in Mining Operations, Listing on other exchanges and wallets, Generating Additional Funds for executing these suggestions faster, Launching our additional blockchain project MYFIE, Consolidation of all operations under PM CORP, How, When and Where to have our first Physical SWAT Investor Conclave..

New opportunities for SWAT with p2pb2b

We are happy to share with you good news: SWAT is listed on p2pb2b cryptocurrency exchange. Here we will tell your more about  main advantages of our cooperation.

Let us regard one of the most promising cryptocurrency exchanges today - p2pb2b.io. Its growth exceeded the indicators of HitBTC, OKEx and even Binance within half a year.
Here are some figures:

Enters the TOP 50 cryptocurrency exchanges;
The daily volume of trading exceeds $25 million;
50,000 active traders work on it;
+15% of traders base per month;
It has 200,000 followers in social networks;
Included to TOP-5 cryptocurrency exchanges by customer satisfaction.


What gave the boost for development?  
The project has been launched in 2014, but it was completely renewed by midsummer.  p2pb2b is ahead of its competitors in a number of indicators:
First of all, this is reliability –
meets the OWASP TOP 10 standard.
Speed:
Failover - the exchange is able to withstand loads up to 10 000 trading operations per second
Convenience for users:
Simple KYC - fast users verification (within 24 hours).
Promotion program to attract new traders - https://p2pb2b.io/referral-game
24/7 user support in 8 languages: English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, German, Korean.

Besides, it is one of few exchange platforms with legal registration in EU – in Estonia.



All this became available thanks to strong team working over project, which apart from development of own project, participate in different events and international hackathons arranged by prominent representatives of the industry, and become prizewinners there.




The nearest plans for 2018-2019:
Margin trading with the leverage of 1:2, 1:3
Cryptoloans - issuing loans in USD and USDT against cryptocurrency holdings directly on the exchange
Cryptofunding - earnings on deposits in cryptocurrencies in the framework of financing of margin trade
Creation of a liquidity pool using fix / fast protocol
Introduction of hybridism - transfer of some trading pairs by tokens to a decentralized mechanism to maximize the security of users’ funds.
It is just the time to start trading and evaluate all advantages of cryptocurrency exchange because referral games are arranged in it: https://p2pb2b.io/referral-game.
One can win 1,000,000 coins within the frames of this event.

p2pb2b exchange has rated us as one of the top ten projects to invest in among the coins listed by them recently!   https://www.openpr.com/news/1583854.html

Great News! @casinista86 our D & M member from Italy has bought 6 SWATMINER APPs to be given to his friends and family members on this Valentine's Day! I appreciate his kindness and affection towards his family members! Thanks Claudio for your support to the project! This is a great way to celebrate Valentine's Day! May god be with you always due to your act of kindness and affection! I am outside now.. I will authorize and activate the 6 IMEI numbers in about an hour's time..

I will be sending out invites from tomorrow for our Mini Investor Conclave through Video Conferencing Tentatively scheduled for 17th of Feb.. Sunday.. in which we expect 50 investors to participate and chat face to face simultaneously.. Those who wish to participate can PM me their email IDs and names.. Or send mail with these details to [email protected]  The first 50 who confirm will be finalized as participants.. The Workplace Enterprise Platform on Facebook can handle maximum 50 participants simultaneously through Video Conferencing..

I don't think any other Crypto Project has ever done something like this.. Of course Youtube live casting has been done by many projects.. but not a conclave like this!

A reminder about our mining calculations for the benefit of new investors: The mining difficulty is a function of SWAT average price, number of Pokcet Miners and SWATMINER Apps mining simultaneously during a given period and a few other parameters in the mining algorithm. You are right in your understanding of the basic logic behind the mining process and the target emission of SWAT worth of 1 to 1.5 USD per day. If SWAT price is 1 USD it means the miner will be able to mine 1 to 1.5 SWAT in a day. The adjustment of the difficulty is designed to be built into the algorithm but obviously with an option for manual override. When the number of miners are beyond an optimum value the algorithm will take over to make sure the above calculations are done in real time and emission and minting function are controlled algorithmically. An optimum number of miners mining simultaneously would be 2000. Since while creating SWAT in the smart contract we have used the decimals of precision as 8 we don't have to worry about trading in decimals till the time SWAT is trading at the rate of 0.00000001 SWAT = 1$!Our maximum supply is 1.54 Billion.The total coins will be mined over a 20 year period.As the price increases the number of coins mined will decrease.

As we sell more and more pocket miners we will keep buying back SWAT from the market with the profits from the sale of Pocket Miners and SWATMINER APPs to maintain optimum price and circulation.

From the calculations I have made the additional bonus that we have issued I feel is too less.. I am truly moved by the impeccable trust and faith that so many investors have in our project.. In spite of the ups and downs our project has gone through there are so many investors who have not transferred even a single SWAT to any exchange to do even a trial order. This additional bonus is just too little. So I have decided to make this bonus a 50% bonus. After we complete this additional bonus distribution we come to the end of our first set of deadlines in our old road map. The first activity for the new Road Map will start with the distribution of balance 40% additional bonus to our patient long-term holders.. (Total of 87 Holders)..A total of 31 holders hold between 46500 to 400,008.50 SWAT acquired by unfair means to whom we have not issued any bonus.. In addition to this there are many more (hundreds) with 31000 and 15500 as balances which has been acquired from airdrops. these users too have NOT been included in the quarterly bonus airdrop..

EtherFlyer Exchange has updated the Contract.. But Withdrawal function has not been updated yet... Be Cautious till that is done. Don't deposit 20 million SWAT and ask for support and help for withdrawal.. Wait for withdrawal function to be activated, Try with 2000 SWAT first rather than 2 million or 20 million... https://www.etherflyer.com/trade.html?pairs=SWAT-ETH.. Details updated on CoinGecko... https://www.coingecko.com/en/coins/swtcoin

CoinGecko Updates SWAT Details... Banner Designed by getHJR (Yuriy) and Lois (Catherine)


https://www.coingecko.com/en/coins/swtcoin

This is the final Quarterly Airdrop Transaction.. https://etherscan.io/tx/0x30925d5944cf71b04f3f099349cb574d57d8bb83cf8dc4b282a7424903b888ef (edited)

Additional Bonus will be distributed in the next 2 Days. After this I will start sending invitations to "Workplace" on Facebook..

When we sell 7000 to 9000 Pocket Miners/SWATMINER APPs.

when Swat will be 1$ 

Just about to complete the Quarterly Airdrop.. Also working on shipping the 2 PM UNIs to @SWATComfortZone

Received the two PM UNI from the supplier.. Will make shipment tomorrow or the day after..

Coingecko has updated p2pb2b exchange and FatBTC exchange and removed Yobit as per our request.. They have also updated our contract address.. https://www.coingecko.com/en/coins/swtcoin  Ehterflyer has not been removed.. We will request them to update our contract..

Planning to organize the video conference meet on the 17th of Feb which happens to be a Sunday as per the request of some investors who can participate only on a Sunday.. Will start sending out invitations by the 14th of Feb.. May be a few of us can do a trial Video Chat on Saturday to check everything is working well..

Meanwhile the quarterly airdrop keeps continuing on.. the latest one being this.. https://etherscan.io/tx/0xc5ee5990c3398004eb336de5421e68cb2b7c430814269bfe469f72a17117c305

Response on Telegram to a some queries about the mining function, difficulty algorithm, optimum level of miners mining simultaneously for algorithm to take over, decimals trading, future quarterly airdrops etc.,:

Yes. the mining difficulty is a function of SWAT average price, number of Pokcet Miners and priSWATMINER Apps mining simultaneously during a given period and a few other parameters in the mining algorithm. You are right in your understanding of the basic logic behind the mining process and the target emission of SWAT worth of 1 to 1.5 USD per day. If SWAT price is 1 USD it means the miner will be able to mine 1 to 1.5 SWAT in a day. The adjustment of the difficulty is designed to be built into the algorithm but obviously with an option for manual override. When the number of miners are beyond an optimum value the algorithm will take over to make sure the above calculations are done in real time and emission and minting function are controlled algorithmically.  An optimum number of miners mining simultaneously would be 2000. Since while creating SWAT in the smart contract we have used the decimals of precision as 8 we don't have to worry about trading in decimals till the time SWAT is trading at the rate of 0.00000001 SWAT = 1$! And finally about transferring to Individual SWAT wallets during quarterly airdrops is unavoidable since each exchange has its own smart contract to create sub addresses based on the Ethereum Smart Contract framework.. There is no single way to create a snapshot of all SWAT held in different exchanges with different smart contracts. But don't worry about the withdrawal fee being 10000 SWAT! All that will change soon! Do you think when SWAT price is 1$ the withdrawal fee can be 10000 SWAT?!

In future I expect the ad revenue and content delivery revenue to contribute about 1$ per day per Pocket Miner.. this we will share on a 60/40 basis with the Pocket Miner Users..

Quarterly Bonus Airdrop process is still being executed. Latest batch... https://etherscan.io/tx/0x63629dbba9e9199edc495a56fd514908f5783fdf84b79200e3b7644f7ad19a78      Thanks for your patience.. Will try to complete this and the additional bonus airdrop at the earliest..

From Slack:

SWATCoin [3:55 AM]
Standing apart from the crowd is what makes a great brand and requires a lot of brand building effort, which is what we are involved in right now.. Brand building requires a lot of advertising backed by huge budgets.. The recent airdrop exercise to get the 1000 accounts on FatBTC was a huge advertisement for us.. The positive thing is that we were able to use SWAT as the currency to run this ad campaign. Total of 25 million SWAT was distributed as airdrop for this campaign.. 15 million was deposited into FatBTC accounts and 10 million was not.. The 10 million that was not deposited into FatBTC was sold on ED/FD exchanges.. We have been on ED/FD from the time we shifted to an ERC20 token.. But we have never had this kind of trading volumes.. Now that we have become a known brand there is buying interest on ED/FD.. There is buying interest on p2pb2b and FatBTC too.. We currently have a buy order for approximately 15 million SWAT across all exchanges and trading pairs put together.. Which is very good for the mining users.. With almost nil buying orders we were able to sell 32 Pocket Miners and SWATMINER APPs put together in the last 60 days.. Now that there is a ready market for mined SWAT we should be able to sell much more Pocket Miners and APPs.. Assuming we sell 100 APPS and Pocket Miners put together in the next 30 to 40 days.. We ourselves can put in a buy order for 16 to 17 million more SWAT at current prices.. At current levels the 32 miners are mining around 150K SWAT daily.. So we will be covered for buying the mined SWAT for the next 5 to 6 months taking into account the increased mining output.. As people see others making money with SWAT mining the buying will naturally keep increasing with time.. Even if we sell a conservative 1000 APPs/PMs in the next 6 months we ourselves will be able to create a buy order for 160 million SWAT with the profit and this will generate an additional 160 million SWAT buy orders apart from what we create from the investing public who don't want to mine but just want to invest. This will result in slow and steady price rise.. Resulting in lesser number of SWAT being mined.. All this will make sure the lean mining operation resulting in a confirmed income of 1 to 1.5 USD per day,per Pocket Miner or SWATMINER APP which is the basis of our project, keeps going on without any aberration in a continuous manner thereby bringing in more and more sales.. Add to this the additional promotional and community building activities we have planned to put in place starting next week will create a synergistic and cumulative positive effect for the project.. Great times ahead for our project..


SWATCoin [4:03 AM]
So the 25 million SWAT we spent as airdrop at the current average market price works out to 3500 USD.. A budget of 3500 USD for advertising and promotion paid using our own SWAT has created this kind of a tremendous interest in our project.. Now that there is a base price and a ready market for SWAT we can earmark an additional 10000 USD budget in the next 2 to 3 months for all our new Promotional and  Community building activities.. which will result in much more interest in our project across different geographical regions..