WHAT IS BLOCKCHAIN?
A blockchain originally block chain is a growing list of records, called blocks, that are linked using cryptography, with each individual block containing a cryptographic hash of the previous block,a timestamp, and transaction data. It 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".For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.
SwapZilla is a unique infrastructure solution that revolutionizes crypto trading. It utilized the Swapzilla token which is based on the Ethereum ERC20 standard.SWZL owners will have an opportunity to get the share of the income of our trading platform. They will also 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 our 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 Structure
The offer. 27 150 000 SWZL tokens priced at 1 USDT/USDC for 1 SWZL. The ETH price will be set by Poloniex Exchange. 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, we are planning 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.
We are planning reserve another 2.5% of tokens 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.
We are building a financial institution which provides investors with the necessary and up-to-date market infrastructure.
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
