The Swapy network : Universal Access to Credit

The Swappy network links various members of the financial industry such as borrowers, creditors, insurers, data producers, data consumers, etc. because of being a decentralized protocol. It enables the individuals as well as companies for the consumption and offering of services and creates a collaboration within the ecosystem to reduce the financial services' price. The operational fees are charged in the form of Swapy cryptographic tokens which enables the token holders to use the network.

The benefits of the Swapy Network:

1.It helps the emerging nations in decreasing the cost of capital.

2.It ensures that the lenders get better returns.

3.The financial identity provided by it is valid throughout the world.

4.It provides rights to the individuals to attain the value of their own data.

5.It can be accessed easily and the cost of the financial data source is less.

6.The entry barriers for the new companies are less because of lower cost of capital and better availability of information.

7.It prevents the information asymmetry that leads to the sharing of an updated data network between its participants.

The basic unit of the decentralized Swapy network is the Swapy Token which is an ERC2012 token. It is used for making payment for various purposes such as individual's information, Swapy network's services, acts as a collateral while making a loan request. Achieving sustainability, promotion of virtuous cycle for new cryptocurrency issuance and providing benefits to the peers in the Swapy network are the expectation of the Swapy team from its network.

In order to make use of the Swapy Tokens, the team is developing 3 decentralized open source applications, which are:

Swapy Financial ID:
It depends on smart contracts to maintain a self-sovereign identity, that forms the basis of identification within the SwapyProtocol. The main aim behind this is to be a universally valid ID. It tries to remove the information asymmetry and enhance the data integrity and privacy. One KYC rule for everyone and the portability of the financial history are its key characteristics.
Swapy Exchange:
It is a market-based solution to achieve globalized and efficient money markets. It connects the international investors to the local credit companies to optimize the investors' return and reduce the rates to the credit companies.
Swapy Data Market:
Its function is to reduce the information asymmetry so that the information is available to all the participants in an unbiased way. This is essential because large corporates get an unfair advantage due to information asymmetry in the process of credit analysis and the costs arising out of the data searches and analysis is passed to the end users.

3 types of users are found in the Swapy data market:

a. Data sellers:

They are the individuals or organizations with a financial ID, who want to get the tokens in exchange for the financial data.

b. Data validators:

During a sale, such companies want a portion of the tokens from the individuals in exchange for carrying out the validation process on their behalf.

c. Data buyers:

They are the service providers who buy huge data in bulk by making payment to the data sellers. They intend to enhance their products and services by consuming the purchased data

This equitable access to the data ensures a better and unbiased competition along with the better availability of services.

Announcement channel - join to get all the updates on the project
https://t.me/SwapyNetwork
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Token Sale Info:
👉🏻 Live until : 19.04.2018
👉🏻 Minimum Presale Contribution: 1 US$
👉🏻 Maximum Presale Contribution: 1,500,000 US$
📝 Pricing and bonus:
○ Phase 1: $ 0.55 USD (15.38% discount)- 0 to 5MM USD raised
○ Phase 2: $ 0.57 USD (12.31% discount) - 5MM to 10MM USD raised
○ Phase 3: $ 0.60 USD (7.69% discount) -10MM to 15MM USD raised
○ Phase 4: $ 0.61 USD (6.15% discount) -15MM to 20MM USD raised
○ Phase 5: $ 0.63 USD (3.08% discount) -20MM to 25MM USD raised
○ Phase 6: $ 0.65 USD – No discount
(Each phase comprises milestones of 5 million USD raised)
(0-5, 5-10, 10-15, 15-20, 20-25, 25-30)
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🔎 Contribution guide: https://s3.us-east-2.amazonaws.com/swapynetwork/SwapyNetwork_TokenSale_ContributionGuide.pdf 🔍