INTRODUCTION
Swapy is building a decentralized protocol with a suite of three integrated applications aiming to provide Universal Access to Credit.
These applications are:
The Swapy Exchange: which aims to connect smart money to emerging economies. It will introduce international investors from countries where the interest rates are comparatively low to credit companies in countries where the interest rates are comparatively high, providing better returns to the investors and lower cost capital for the credit companies.
Swapy Financial ID: which aims to empower people, giving them a financial identity that has the purpose to be valid anywhere in the world.
Swapy Data Market: which aims to transform users’ financial data into self-determined value through a token-based system. This suite of decentralized applications will allow the individuals to hold their own data and to choose how many tokens they receive in exchange for it, and when, and with whom they want to share
The Swapy Data Market also aims to reduce the entrance barriers for new participants since huge pools of data will no longer be exclusive to large corporations, and instead will present an opportunity for the new entrants. The Swapy Company envision a world of efficient credit markets, with no barriers to entry for new players, where consumers have the power and reap the benefits of Universal Access to Credit.
How Does Swapy Network Work?
Swapy Network will be very easy to use. You will have to register on the platform and create their Swap Financial ID, buy Swap tokens and then use them for different services that you will want to use.
Every service of the platform will be accessed by the use of Swap tokens, so the users will have to acquire before they participate in the platform.
Swapy Network (Solution):
Swapy Network is a decentralized protocol that aims to connect the various participants within the financial industry: (i) borrowers, (ii) creditors, (iii) insurers, (iv) data producers, (v) data consumers, and others. With Swapy Network, individuals and/or companies are able to offer or consume services and collaborate within the ecosystem to decrease the prices of financial services, all the while being more inclusive of new entrants in the financial industry. The fees to operate in Swapy Network will be charged in Swapy cryptographic tokens (SWAPY). This way, token holders will have access rights to use the Swapy Network, benefiting from and contributing to it, and receiving tokens in exchange. This section provides an overview of the Swapy Token, the proposed D’Apps, and the protocol itself.
How does Swapy Network aims to solve the problems of access to credit?
It facilitates offers of credit in order to lower the costs of capital.
It eliminates information asymmetry between participants through a commonly shared and updated data network.
It provides better data so that credit companies can make better lending decisions and offer lower rates to good clients.
It encourages lower cost capital and better information which can reduce entrance barriers for new companies.
Team:
• Edmilson Rodrigues, CEO & Co-Founder: Graduated in Business Administration at UFPE. Project Management course at Harvard. Innovation course at Stanford and Draper University. Former Google employee and serial entrepreneur.
• T´ulio Braga, CTO & Co-Founder: Master student in Computer Science (UFMG). Graduated in Computer Engineering (CEFET-MG). Exchange student at The College of New Jersey. Innovation course at Stanford University. Ethereum-BH meetup organizer.
• Plinio Braga, Lead Designer & Co-Founder: Graduated in Design at Universidade Federal de Minas Gerais, UFMG. Studied Design at Karelia University of Applied Sciences, Finland. Graduated as Electronics Technician at CEFET-MG
• Bruna Fiori, COO: Economist and Post Graduation in Controllership, also serves as Counselor of the Regional Council of Economy. She was a substitute professor of Economics at the Federal University of Pernambuco (UFPE) for 2 years. 12 years of experience in retail, business management and financial consulting.
• • Brunno Neves, CFO: Bachelor in Economic Sciences (PUC-SP), freelance trader, multitask entrepreneur and fintech enthusiast. Former Facebook employee. He has experience working in the financial market.
Verdict:
Swapy network seems to have a good perspective for future. the team consists od high experienced professionals, this team reflect their knowledge thus add additional advantage to the project. The project is very detailed and very innovative because it gives opportunity to get a credit from all around the world
Token info
• Token: SWAPY
• PreICO Price Presale: (0.55, 0.57, 0.60) USD - 3 tiers of 5Mi USD each
• Price 1 SWAPY = 0.61 - 0.65 USD
• Bonus: Available
• Bounty: Available
• Platform: Ethereum
• Accepting: ETH
• Minimum investment: 1 USD
• Soft cap: 5,000,000 USD
• Hard cap: 30,000,000 USD
• Country: Cayman Islands
• Whitelist/KYC: KYC & Whitelist
• Restricted areas: USA, China, Brazil
Websites:
• Official Website: https://www.swapy.network/?utm_source=icomarks
• Facebook: https://www.facebook.com/swapynow
• Twitter: https://www.twitter.com/SwapyNetwork
• Telegram: https://t.me/SwapyNetworkChat
