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[ANN] Swaap | Enabling individuals and companies to do business globally
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[Image: swaap_intro.jpg]
[Image: visit_website.jpg]
[Image: features.jpg]
[Image: features2.jpg]

__ 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.

Developers Portal ›

__ TOKENOMICS

_ Swaap (SAP) Token:

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

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 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 ›

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.

Tokens Initial Distribution

The governance tokens will be distributed throughout the initial stages of the project and the yearly minted inflation tokens - if any - will be sold to the community through decentralized exchanges.

[Image: sapg_distribution.jpg]

Governance Platform:

Our governance platform is where you will exercise your voting rights and will be able to interact with another governance token holders to share and discuss topics related to the future of this project. The platform will be launched and available to the public on Q4 2021.

Price and Trading

All pre-launch tokens had their price set by us, but we won't exercise any kind of price control on the free market. After these tokens reach the open community, you will be able to trade, buy and sell them for the price you see fit.

__ PRESALE/ICO/IEO

As our utility token is meant to be used as a medium of exchange, and can be minted directly through our online platform, there won't be any presale or ICO. Though, we will be creating an Uniswap pool where you will be able to exchange it for other ERC-20 tokens outside of our main platform. As for our governance tokens (SAPG), the token distribution schedule will be as specified below.

_ 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.

__ STACKING

You will be able to stack your SAPGs and SAPs through liquidity pools on decentralized exchanges, such as Uniswap, and we will launch a stacking and rewards program on Nova Bank for you to stack SAPs directly on our platform.

__ EXPLORE

_ Official Website:

Get Started
Get Swaap ›
Accept Payments ›

Resources
About ›
Brand Assets ›
For Developers ›
Holdings Report ›

Ecosystem
Ecosystem ›

Connect
Community ›
Get In Touch ›

_ Social:

Official Forum ›
Twitter ›
Telegram ›
Github›

__ Thank you for your interest on our platform. We really believe to be doing something unique and not seen before, by joining legacy and blockchain technologies to create a truly usable, useful and powerful platform. We welcome you to join the movement and start using Swaaps today!

Feel free to send us a direct email to info@swaap.org if you have any questions, or if you want to contribute to the project.
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