Swapy Network - Universal Access to Credit for Success

Swapy Network is a decentralized protocol that aims to connect the various participants within the financial industry including borrowers, creditors, insurers, data producers, data consumers, and others. Individuals and companies are able to offer services and work together within the ecosystem with Swapy Network to decrease the prices of financial services. The platform joins three main apps as the Swapy Exchange which is a tool to connect smart money to emerging economies, the Swapy Financial ID which is a tool to provide people with a financial identity, and the Swapy Data Market which is a resource to make value out of users’ financial data. Swapy cryptographic tokens (SWAPY) is the type of payment to operate in Swapy Network. Through this token holders will have access rights to use the Swapy Network.

Benefits of Swapy Network

• Enables offers of credit in order to lower the costs of capital.
• Eliminates information asymmetry between participants through a commonly shared and updated data network.
• Gives much advance data in order to make better lending decisions by the credit companies and offer lower rates to good clients.
• Reduces entrance barriers for new companies by encouraging lower cost capital and better information.

The Swapy Token

The Swapy Token (SWAPY) is a ERC2012 token and the basic unit of value in the Swapy Network. A single unit consists of 18 decimal points which means that the lowest value one can hold is 0.000000000000000001 SWAPY.
The Swapy Token is an utility token and it will be used to,
• pay for the individual’s information
• pay for services in Swapy Network (such as credit scoring)
• used as collateral when requesting loans
These features become available through the decentralized applications which is developed by the Swapy team. The Swapy team believes that the network will achieve sustainability while promoting benefits to the peers in the Swapy Network. In addition to the protocol, the Swapy team is building three decentralized open-source applications that Swapy Tokens can be used in Swapy Financial ID, Swapy Exchange and Swapy Data Market.

Token Distribution

The number of total Tokens issued at launch will be 100,000,000. There will be no new Swapy Tokens minted over time. Therefore, the total supply of tokens is known and finite. The distribution after the Token Generation event is illustrated by below figure.

It is important to emphasize that for the founders and employees there will be a mandatory vesting period of 1 year with a 6 months cliff. There will be a lock up period of 6 months for the early investors and partners before sell any token. All contributions will be received in Ethers for security reasons. If the token purchaser has fiat money or other cryptocurrency, he/she will have to exchange it to Ether in their favorite exchange. The hardcap is $30mi USD.

Token Details

• Symbol - SWAPY
• Token Type - ERC20
• Total supply - 100,000,000 SWAPY Tokens
• TGE price - $0.65 (USD) equals to 1 SWAPY Token
• Hard Cap - USD$ 30,000,000
• Minimum Contribution - USD$1.00
• Accepting - ETH only