Swapy network will sell 100 million tokens on presale and ICO. Not all tokens will be sold. The company will only sell half of it. The rest will be used as a bailout fund when investors experience fraud or problems with the credit it provides. Swapy will be liable if the investor suffers losses caused by a Swapy system error, but this company will not compensate the losses caused by the investors/lenders themselves.
About SWAPY Token
SWAPY token is not only required as a fund-raising medium on ICO, but it will be a major transaction tool in the Swapy Network ecosystem. Swapy chooses to work on blockchain and cryptocurrency systems because it assumes that both of these can be the way to realize the mission of the company. Crowdfunding is rapidly increasing as more parties begin to recognize and gradually move their businesses to blockchain and use cryptocurrency as a profitable investment vehicle of the future.
In addition to being used as a bailout, tokens that are not sold will be used as an initial incentive for all team members, bonuses for investors/lenders, and software development during the presale and trial periods. The remainder of the unsold token will be destroyed. This is done to maintain exchange rate stability. Token destruction is of course done after the sale of token reaches 80% or close to the hard cap.
Token Sale
Swapy users can only purchase SWAPY token using ETH (Ethereum). Swapy does not accept purchases using money or other cryptocurrencies. This is done because the token can follow the exchange rate of ETH. Please note that ETH is one of the highest and stable exchange rate cryptocurrencies. In addition, ETH is the most user-friendly digital currency in the world (in countries or parties that recognize cryptocurrency).
SWAPY tokens will go on sale from 0.65 dollars for 1 token. Users must purchase the token for at least 1 ETH. Total tokens to be sold are 50 million SWAPY and the target to be achieved is 30 million dollars (or close). Swapy will not continue its business if the hard cap is not achieved and will return the entire investment to each investor on the last day of sale.
Investors who buy tokens at presale will get a cheaper price of 0.50 dollars in the first phase of the presale, 0.57 dollars in the second phase, and 0.60 dollars in the third phase. This will obviously benefit investors. Investors will have more tokens than those who buy SWAPY on crowdsale or ICO. In addition, investors who buy the token on presale will also get extra tokens. They will also be the first users to use the software and provide important inputs for the sustainability of the company.
Investors should understand that investing in cryptocurrency is a high-risk investment. There is no guarantee that they will benefit greatly in a short time. Exchange rate fluctuations and the number of enthusiasts have a profound effect on the returns to investors.
Swapy also reminded that each user must provide valid data to avoid account freezing. When an account is frozen, then automatically all tokens will also belong to Swapy. Investors should also be keen on reading the business recommendations provided by Swapy because it is not impossible that Swapy will be used by some parties as a fundraising event.
