Swace = Reimagine social gaming.
Swace is a community driven initiative, considered a solution to the unsatisfactory experiences and brands that social networks have, each from their own perspective. This is a blockchain-based social game platform featuring games equipped with smart contracts to empower users to engage with brands and earn rewards. The application economy is based on a decentralized blockchain technology and revolves around a token called SWA Coin. The development of the app has reached the beta stage. Potential applications for large expansions, because of its appeal are universal and offer solutions to problems relevant to each market.
Beginning companies, who decide to hold ICO face a serious dilemma about what tokens they will spend. They also face the problem of trying to stay on the right side of the regulation that changes over time. Especially when a company tries to go international. This is because different laws around the world.
Swace Solution
The Swace developer looks at all these issues and decides to find a solution. The solution is legitimate under EU and Lithuanian rules. Typically, there are two types of tokens: utilities and security. A security token is a document granting certain ownership rights to the holder. In essence, this is an advanced type of IOU.
The other token type is a utility token. This token offers access to services through blockchain. They provide utility holders that are defined within the network. In essence, the utility token is an advanced coupon for future services. Most people take part in the ICO token utility in hopes the value will go up.
How Swace Reward Works Social Rewards work
For some, none of these two tokens is the right choice. If your preference is between the two, then the Swace solution is perfect. They have developed something called a payment token.
SWA token is not security or utility. When you take part in ICO Swace, you will not get ownership of any part of Swace Company. In addition, there is no promise to get services in the future. Instead, you'll get some locally applied currency. When the Swace project is launched in May, you will have an in-app wallet as a way to purchase goods and services.
In the app ecosystem, users will be able to pay to participate in the game. They will also be able to buy goods. However, this does not mean you buy the services of the company. It's a kind of money exchange in a foreign country so you can buy things. When you give away your Euro and get a rupee or debase in return, you expect nothing but money. You simply place a coin in your wallet and choose how you will spend it. This is how payment tokens work.
Assembling the SWO Token ICO Details
Swace will hold ICO in three stages for their SWA token. Their roadmap states it is scheduled for Q2 in 2018 but the date has not yet been announced.
- Budget allocation
- Advisors & Partners: 3%
- Bounty, Airdrop & Test Reward: 7%
- Founder & Team: 12%
- Community Growth: 23%
- Public: 55%
Why Swace Chooses Lithuania
More teams are choosing Lithuania to perform token-making events. Most have realized that they do not need to go abroad for these occasions. Authorities in Lithuania are willing and able to offer consultations on crypto events. In addition, the blockchain community is strong and supportive.
In terms of cost, Lithuania is also quite affordable compared to Switzerland or Germany for example. Swace has many benefits. They've got a letter from the central bank indicating that the SWA token is not a securities. In addition, the developers of this project have met with the tax authorities to consult on various taxation issues. For regulatory purposes, SWA tokens are vouchers that allow sellers, and buyers have reasonable expectations for their obligations and rights.
Here are the reviews I present to you all in finding information and knowing the Swace project currently being run by their team, if there is any lack of explaining this article, do not worry, I have set up a link for you to get accurate information and of course you will be able to speak directly with their founder or team, at the link.
For more information and join social media Swace , please follow the following sources:
Website: https://swace.io/
Facebook: https://www.facebook.com/swaceapp/
Twitter: https://twitter.com/swaceapp
Telegram: https://t.me/swace
Username: Nyonyg175
Eth: 0xF6505afA3dA59e702dBD00A1dE54be8B656ADCf2
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