SWAAP

SWAAP

ABOUT
Our project aims to create a truly universal payment system using blockchain technology. We endeavor to offer a wide range of solutions to enable companies and individuals to do business globally. In our platform you will be able to send invoices, quotes, pay and get paid by other users, save, mint and exchange your tokens for fiat currency. With it, you will have a secure and reliable way to trade with other companies and individuals across the globe, with rapid settlement and all the security of a public ledger on a blockchain.

INTEGRATION
Our main goal with the project is to create a truly usable and useful product, designed to facilitate financial transactions for merchants and individuals around the globe. For doing that, we will be releasing a series of development tools and plugins that will help you on integrating our platform to your web or physical store, allowing you to pay and get paid seamlessly. We already have a page dedicated to developers, where you can access some IDEs, APIs, testnet and our source codes, but we will be implementing new features as the project unfolds.

 

Description
Swaap Tokens are the native utility token of our platform. It is an open-source cryptographic token, designed to be scalable, reliable, secure and easy to use. Being a payment utility token, its holders can redeem them in fiat currency immediately after getting paid, or exchange them freely outside of our platform - if so they want. The redemption value is perpetual and pegged to the value of the USD on a 1:1 basis, which means that when redeeming your tokens in fiat, you will always get the equivalent of 1 USD per token.

Minting Tokens
The token mintage process is all done by the users themselves, in our utility platform, Nova Bank. All you need to do is to deposit collateral and the equivalence of tokens will be created and deposited in your account. We have built the platform in a way that you can even use your credit or debit card to collateralize and mint your tokens. It is seamless, as everything else with Swaap.

Redeeming in Fiat
To fulfil its purpose of being a utility token and a medium of exchange, we have made the redemption process in fiat currency seamless and efficient. It is all done through Nova Bank (our utility platform), and the conversion process is immediate and done with the click of a button.

Collateralization
All tokens are collateralized and backed by legacy assets, and we issue a quarterly report on all holdings backing your tokens, which you can access through our website, at all times.

Price and Trading
These tokens are utility tokens, and they were not conceived with trading in mind, but being an ERC-20 token, they can be freely exchanged between users outside our platform. As far as the price goes, when redeeming your tokens in fiat, you will always get the exchange rate of 1:1 USD, but at times, there might be people out there willing to pay more, or less, in order to have access to the liquidity of our platform, and we won't exercise any kind of price control over the trading value of the token on the free market.

 

Swaap (SAP) Token:
Name: Swaap
Ticker: SAP
Decimals: 4
Initial Issuance (non-circulating): 2,000,000,000 (2b)
Contract: Open ›
Official Page: Open ›

 

Swaap Governance (SAPG):
Name: Swaap Governance
Ticker: SAPG
Decimals: 4
Initial Issuance: 3,000,000 (3m)
Allowed Inflation Rate: 1% p.a.
Contract: Open ›
Official Page: Open ›

 

Tokens Initial Distribution

Presale:
The presale funding round will run from January 20th, 2021 until March 20th 2021. During this period, all negotiations for purchasing the tokens will have to be done directly with us, and you will be given the status of early investor when doing so. Early investors will be eligible for future airdrops for the governance tokens. We intend to use most of the funds acquired during this round to fund our liquidity pools.

IEO:
We will conduct our IEO in two stages, starting in April 2021 and ending in May 2021. On the first stage, tokens will be offered with different pairs on LedgerDex and ForkDelta, and users will be able to purchase them directly from our treasury. On the second stage, a liquidity pool will be created on Uniswap, where users will be able to access liquidity for their pre-purchased tokens and exchange it for other ERC-20 tokens.

ICO:
We will not conduct an ICO, as most of our project has been already funded and developed, and the funds raised during the presale and IEO should be enough to cover our expenses and investments to date.

 

Description
Swaap Governance tokens can be used to vote on our governance pools and help on shaping the future of the Swaap platform. Differently from our utility tokens, SAPGs have a fixed maximum allowed inflation rate of 1% per year, which means that only 1% of the total supply can be minted every year, and the decision of rather or not to use this right, will be subject to the result of a governance pool, conducted yearly.

 

Our team
Paulo Baronceli

Founder

Luis Baronceli

CFO

Amrit Mirchandani

Marketing Manager

Samuel Osuala

Community Manager

Goin Merry

Bounty Manager

 

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Resources

Ecosystem

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Author:

Rosiana Dewi

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