SwftCoin (SWFTC) emerged from over a decade of development within the crypto industry, where numerous distinct projects took shape. During this time, various projects surfaced, each with its own approach to leveraging crypto and blockchain technology to enhance different aspects of the modern world. Yet, for the industry to progress further, integrating these separate networks into a unified whole becomes essential.
Naturally, the process of interconnecting these distinct networks presents challenges. Many current projects actively strive for interoperability, aiming to establish seamless connections with other networks. Among these endeavors, SWFTC stands out as a notable achiever in interoperability, successfully establishing relationships with over 50 diverse blockchains.
What is SWFTC?
SWFTC serves as the native token of the SWFT Blockchain platform. This platform operates as a cross-chain instant exchange aggregation platform and a cross-chain non-fungible token (NFT) marketplace aggregation platform. SWFTC aims to enable seamless transactions across various blockchain assets through its website or mobile application. The core focus of the platform is to address the issue of inefficient transfers between different domestic or international cryptocurrency platforms.
The SWFTC team
Ramble Lan, a prominent crypto advocate and President of the North America Blockchain Association, spearheaded the team. The group comprises seasoned blockchain developers, each playing a distinct role in the project's advancement. Notable individuals include Allan Cruz, the project's business developer, and Melchis Dmello, who holds the Head of Business Development position.
How does SWFTC work?
SwftCoin ensures compatibility across diverse blockchain networks. By incorporating AI technology, the platform guarantees minimal conversion fees for cross-border payments, delivering competitive rates to users. The SWFT Blockchain encompasses several vital elements. The SWFT Blockchain Wallet App takes center stage, providing a feature-rich experience and seamless one-click cross-chain swaps.
Complementing this is the SWFT AllChain Bridge, a H5 Version One-Stop Cross-chain Swap solution. This bridge facilitates effortless NFT and utility token swaps without requiring multiple platform registrations or logins. The ecosystem also encompasses SWFT Bridgers, enabling secure decentralized trading that's efficient and cost-effective. Lastly, the SWFT Cross-chain Asap API + widget allows comprehensive integrations with third-party wallets and platforms, all at no additional cost.
SWFTC: SwftCoin’s native token
The native cryptocurrency of SwftCoin is referred to as the SWFTC token. Its launch occurred on August 31st, 2017, with a total token supply of 10 billion. As of July 2023, approximately 40 percent of the total tokens are in circulation, equating to slightly over 4 billion SWFTC tokens.
SWFTC token use cases
Within the SWFT Blockchain ecosystem, the SWFTC token assumes a significant role as the utility token. It powers various functionalities and offers diverse advantages. Notably, it provides the potential for fee discounts and operates as a governance token. Regarding governance, users can partake in decision-making processes concerning the project's platform.
Additionally, SWFTC holders benefit from a 50 percent reduction in fees within the SWFT Blockchain ecosystem. This reduction in expenses empowers traders to allocate more resources to cryptocurrency swaps. While maintaining its inherent value, SWFTC can also be utilized for trading or as a store of value.
SwftCoin token distribution
The distribution of SwftCoin tokens was structured as follows:
- 30 percent of the tokens were allocated during the project’s token sale.
- A reserve of 20 percent was established to serve as valuable assets for early investors and to facilitate market promotion.
- Another 20 percent was earmarked for incentivizing founders, employees, and developers.
- A notable portion of 25 percent was allocated for supporting business development, investments, and the expansion of market presence.
- A 5 percent allocation was specifically dedicated to fostering academic research and education initiatives.
