INTRO
Yesterday was the exact 11 year anniversary of Satoshi's Bitcoin whitepaper. It all boils down to the Blockchain. The Blockchain is the bedrock of Cryptocurrency and i block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.
By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.
THE SWZL TOKEN
The SWZL, which is the ticker for Swapzilla, will fuel the Swapzilla Platform, which includes relevant and reputable trading products, so the demand for the project services will always be stable. The intrinsic value of the token is guaranteed by the owner’s perpetual right to receive the income from the platform’s commissions, which will be guaranteed by a smart contract.
The payment plan is structured in a following way: all SwapZilla platform revenue will be
distributed in 70/30 proportion between the company and SWZL tokenholders: 70% — of
the income will be used to pay for current expenses and platform development and
marketing; the remaining 30% of the income will be transferred (in real time) to a special
public wallet and then distributed to proportionally to token holders.
SwapZilla, with ticker symbol (SWZL) token will be created based on the Smart Contract of the Ethereum Blockchain.
SWZL owners will have an opportunity to get the share of the income of our trading platform and be able to be the first to take an advantage of new tools and opportunities as they are introduced to the platform. The characteristics of the SWZL tokens make them very similar to bonds) — the holder will receive a stable income from SWZL (similar to coupon income) and in the future will be able to sell them on our site.
The total and final emission will be 30 million SWZL tokens.
IEO
The offer. 27 150 000 SWZL tokens priced at 1 USDT/USDC for 1 SWZL. The minimum transaction amount is $ 1, maximum — all the
remaining tokens.
Date. 15.07.2019 – 01.01.2020
Bonuses. There will not be any bonuses.
How to buy tokens. SWZL tokens could be purchased with BTC, LTC, ETH, ETC.
Soft Cap. $ 2 millions
Hard Cap. $ 27.15 millions (if the hardcap is not reached, the remaining tokens will be
cancelled)
In total, the IEO plans to raise $ 27.15 million, or 90.5% of all token emission, through the crowd sale. When all the tokens will be sold, the tokensale will be considered as successfully completed. All token that are not distributed during the IEO be transferred to the founders of SwapZilla for future distribution.
7% of the SWZL token will be reserved for the team option pool.
2.5% of tokens would be for a bounty program. The program will last through the duration of IEO, tokens will be distributed through the referral system for marketing campaigns like:
Facebook Campaign
Twitter Campaign
Subscription Campaigns on the Bitcointalk forum
Email Campaign
SWZL tokens will be given to the referral program participants. They get 2.5% of the total
amount raised in SWZL tokens.During the IEO process, SWZL tokens will only be available on SwapZilla personal crypto wallets, but immediately after the IEO fundraising is completed, SWZL holders will be able to transfer their token to any other wallets that support ERC20 tokens (MyEtherWallet, MetaMask, Mist and others).The lockup period for ordinary investors will be finished on 2nd January 2020, for participants of the bounty and referral program on 1st February 2020 and for team
members on 15th July 2020.
FUND USAGE
72% will be used for arbitrage turnover, margin trading turnover and initial liquidity for
the platform.
15% of the funds collected will be spent on hiring additional members of the development team, purchase of equipment, the development of the trading system core, as well as the development of the information and analysis module. Significant costs will also be associated with the servers to ensure the fastest possible issuance and execution of orders from our customers;10% will be spent on active marketing - strengthening the marketing team, taking measures to increase the awareness of our platform on the crypto market and
attracting new customers;
3% will go to the legal support of the project and other expenses: the goal is to obtain all
the necessary licenses and permits.
For Swapzilla resources:
Website: https://www.swapzilla.co/
Whitepaper: https://www.swapzilla.co/WhitePaper-eng.pdf
Facebook:https://www.facebook.com/SwapZilla-2335457683242053
Twitter: https://twitter.com/swapzillaco
Reddit: https://www.reddit.com/user/swapzilla
Github: https://github.com/SwapZilla
Medium: https://medium.com/@swapzilla
Telegram: https://t.me/SwapZilla
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username: Redoc
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2409725
Eth Address: 0x8dC02f9a3255C0cE32536E698447F2E3915AE948
