Human needs are generally classified into two: Primary needs and Secondary needs. Primary needs are called the basic needs or survival needs without which living will not be enjoyable. One of this important need is money which is needed to accomplish all other things.
The importance of financial stability to individual can not be overemphasized, not only to individual but also to organizations.
To meet this need for financial stability, people try different means to ensure stability, one of which is application for loan from financial institutions. As good as it sounds, the issue of interest rate makes it difficult for some people to go for the loan. Some financial institution could demand as much as 10-15% of the loan as interest, and this is something to really think and plan well about.
Here comes swapy
Swapy Network operates in three integrated applications.
Swapy exchange creates a link between international investors from countries where interest rate are lower to credit companies located in countries where the interest rate are high.
Swapy financial ID gives individual the right to global financial identity
Swapy data market converts it's users financial data into value for the data owners. With this, individual will hold their own data and decide how much tokens they want in exchange for giving out the data including to whom they want to share it.
Presently in developed countries there are investors seeking opportunities to invest, but such opportunity does not exist in their home country because the rate of loan interest is low. One of such country is Japan, for this reason, investors from countries such as Japan and other low interest rate countries are seeking for opportunity in country where the interest rate is high so they can invest, charge very low interest rate and make their profit.
Swapy aims at making cross-country trading and investment easy by working to confirm identities and putting documentations in place.
Some features of swapy includes:
Financial Identity
One of the challenges that exist in international investment is the issue of identity. Swapy uses the KNOW YOUR CUSTOMER (KYC) and ANTI MONEY LAUNDRING (AML) features to simplify the identity issue. This gives each user a financial identity with which they will be recognized all around the globe. Each user is made to go through a verification process to confirm their identity and all other financial details before commencing the investment process.
All the information gotten will be stored on a decentralized storage medium known as IPFS, this will prevent documents and information loss, it also ensures privacy to all information provided. With this, information will only be accessible to the owners and they have the right to share it with whomever they choose to transact with.
Data Market
Another unique feature of swapy is data market. Here, data can be exchanged for tokens. Data is very important for companies, users of swapy network after securing their financial identity and securing their data on the swapy platform can then decide to share their data with any company of their choice in exchange for a token price which will be decided by the data owners.
The name of the token is Swappy. It is an ERC-20 token built on the ethereum (ETH) blockchain.
In summary, swapy gives opportunity to international investors in countries with low credit return to connect with individuals or companies in high credit return countries who are seeking funds for their bussinesses. Swapy ensures, collection and verification of data, they secure data, give globally accepted financial identity and then allow data owners to exchange their data at their own price.
The ICO is ongoing. Join the league of wise investors.
For Further information
Website:https://www.swapy.network
White paper: http://s3.us-east-2.amazonaws.com/swapynetwork/SwapyNetwork_TokenSale_Whitepaper-EN-US.pdf
Facebook : https://www.facebook.com/swapynow
Join Bountyhive : https://bountyhive.io/r/Toyo
Bountyhive username: Toyo