There is high probability that the project will become a market leader with the great team work.The idea surely beneficial for all. Trends in history make it clears that the q4 is where all the magic happens. If we glance from a long-term perspective, we’ll see the variability of breakout developments that can shape the expansion of the cryptocurrency market in 2021. More importantly, Corona the pandemic virus has caused some architectural changes within the global economy, and therefore the importance of Bitcoin is received like never before. Perhaps at this point, many folks will realize the price of this market. Although the market is becoming more competitive and value-driven, early-stage innovators face unprecedented challenges because of these rapid changes. Facilitate higher and safer profits through liquidity mining. Before listing, they have to look for liquidity investments for his or her tokens.
There is a vast array of cryptographic assets distributed among different networks of which people choose
as stores-of-value, means of exchange or investments. There are thousands of them, spread throughout the internet,
each one with its own peculiarities, making them more, or less valuable to its users. Though, despite the wide
range of different tokens, coins, and currencies out there, it is right to say that most of them can be divided in two
main categories: stablecoins and free-floating coins.
Stablecoins are usually hard-pegged to a fiat currency of choice, mimicking its value on a 1:1 ratio,
whereas free-floating coins - or simply crypto currencies - are not hard-pegged to any fiat currency and its value
can often be directly linked to its acceptance, usage, and market demand.
But despite stablecoins and crypto currencies having their own pros and cons, both fail on serving its
users as a truly global mean of exchange, that can serve both as a democratic and unbiased currency and a reliable
source of fiat-liquidity, when required. That is the main problem we are going to address with Swaap.
We intend to align blockchain technology with a financial framework that will allow us to serve our users
with a truly global payment solution, on a very low-cost and extremely secure way, completely eliminating the
need for currency exchange and the use of financial or any other trusted third-party institutions to validate these
transactions.
Swaap will allow borderless transactions to be settled in seconds or minutes, on a purely peer-to-peer
system, using the Ethereum blockchain to validate and store all this information on an immutable and perpetual
way, making the whole process extremely secure and transparent.
ABSTRACT OF SWAP PROJECT
A trusted global cryptographic currency would allow financial transactions to be
settled among companies and individuals across the board, on a secure, rapid, and cost-efficient
way, without going through a financial institution and eliminating any need for currency
exchange among transactions taking place between different jurisdictions. Direct and unbiased
processing of these transactions by the blockchain is part of proposed solution, but the main
benefit is the accessing of liquidity in different local currencies, through our liquidity pool,
where users will be able to redeem their Swaap Tokens (SAP) in fiat currency at any time, and
have their funds deposited directly in their bank accounts. The liquidity pool will work as a
currency basket where all funds will be secured and locked away until a user decides to redeem
it. We intend to make this process transparent and trustful, with procedures being validated in
the blockchain and regular independent audits being conducted, with all this information made
available to the public, always. Having a multi-currency and multi-asset cryptographic currency
also comes makes it less susceptible to volatility, with the liquidity pool balancing itself even
in case of severe devaluation or debasement of an individual currency or asset class.
ECO- SYSTEM
As with most of other cryptos and blockchains, several different applications can be built on top of Swaap
and we intend to launch a series of official solutions that will be part of an eco-system, carrying our token on its
core. These services will be built and provided both through our company’s own initiative and through
partnerships.
One of the key-projects we intend to develop is a fully operational financial platform, which will be
similar to a digital bank, offering services such as loans, savings, current and investment accounts. We also aim to
use this platform as the main official point-of-liquidity for Swaap users, which will be able to mint, convert and
withdraw their funds on a seamless and efficient way.
Other projects that may comprise the Swaap eco-system could be: A crypto exchange, accepting fiat
currency deposits but using Swaap as its main market of exchange; A crypto margin trading app, where users
will be able to trade cryptos on a leverage and using Swaap as its main market of exchange; Swaap crypto wallet,
compatible with all major crypto currencies, with real-time exchange options from fiat to SAP and vice-versa; A
payment gateway, to offer a more comprehensive solution to merchants and professionals integrating their
business and start being paid in Swasolver
SWAAP - THE ULTIMATE PROBLEM SOLVER🥰🥰🥰
Swaap is a unique initiative that is hell-bent on solving this problem by associates and aligns blockchain technology with a robust financial framework that will help to serve its customers by presenting a global payment and asset redeployment solution that is secure and not heavy on the budget. In its quest to solve the problem, Swapp focuses on providing borderless transactions that can be settled in a jiffy. All of this happens on a peer-to-peer system that will use the Ethereum chain to validate and store an entire lot of information in the most secure and transparent manner.
Swaap also positions itself as a reliable source of liquidity in local currencies. It will empower the users to redeem their tokens in fiat currencies at any given time. They can use the Swaap platform to do so and get their funds in their own bank out. Its liquidity pool will provide collateralization and liquidity to the tokens which will be a key element for the functioning of the whole platform. The liquidity pool will host a wide basket of seven currencies and will be a focal point for liquidity for users to purchase and redeem Swaaps.
Users will now be able to buy Swaaps at any time by depositing collaterals against it. The collateral will then be measured against the prevalent market price and Swaaps with being a credit to the user directly on their ERC-20 wallet. The collateral will be stored in Swaap’s liquidity pool.
Swaps go a hand above and offer liquidity reliability which is a problem spread to a large extent. It will combine forces by offering lower volatility of stablecoins and the speculative format of Ether and Bitcoin. This is a totally novel concept that combines the goodness of stablecoins and free-floating cryptos yet free from their shortcomings.
SWAAP EXCHANGE TOKENS
It detaches the value of its main token from the deep-seated value of the liquidity pool. For that, it generates a liquidity constraint that causes the system to collapse if the value of the circulating tokens becomes more than the value of the liquidity pool. Swaap solves this problem by issuing an exchangeable mirror SAPX token is issued for every SAP token issued. This will ensure that the platform will not run out o liquidity even when all the users together decide to redeem their tokens at the same time and all this while speculating.
Benefits of the Swaap platform
Swaap uses the Ethereum network and blockchain ledger which are well established, reputed, and reliable platforms that give a great reason to the user to establish trust.
Since it is built as an ERC-20 token, it stands compatible with most Ethereum wallets allowing the users to augment their experience with finer integrations.
It is less volatile because it is backed by a gamut of collaterals.
It also will have a free-floating exchange value making it an attractive investment option.
It is a one-of-a-kind platform that will offer reliable, multi-currency liquidity which will eliminate scams and fraudulent dealings.
THE VISION
To provide a global payment solution that will operate on blockchain technology, along with a financial framework eradicating any third-party financial institution. And to remove the need of currency exchange.
ATTRIBUTES OF SWAAP
Technology and process
The technology behind the Swaap exchange is blockchain. The process to acquire Swaap token is easy and simple and there is no time boundary. User deposit collateral on the platform, the market value of it assessed and the user is issued with Swaap token directly on their ERC-20 wallet.
To avoid the risk of liquidity against each SAP an exchange token SAPX is issued. Once the user redeems the token a 2-stage process will occur. First SAP will be exchanged with SAPX and then SAPX is exchanged with fiat currency.
Liquidity pool
The collateral deposited by user will be transferred securely into the liquidity pool. This pool is the key feature of the platform. It will provide the collaterisation and liquidations of token. All the tokens will be converted into smart contracts representing different fiat currencies and assets. The users will have a 24/7 access to them via the platform.
Flow of funds
The flow of funds on the platform is very simple it is clearly depicted by the charts below:
III. Redemption, Stage 2
Reliability and proof of funds
There are no two thoughts about the reliability and security of funds on Swaap platform.
The system is secure as it is operated on blockchain, the data cannot be modified or tempered with and user can access the data any time anywhere via the platform.
The beauty of this platform is the transparency, a regular third-party independent audit will be conducted by the company. The reports will always be made available for the public.
OUR TEAM
Meet the ones making it all possible.
Paulo Baronceli
Founder
Envelope
Twitter https://www.twitter.com/paulobaronceli
Linkedin: https://www.linkedin.com/in/paulo-baronceli/
Telegram; https://t.me/paulobaronceli
Luis Baronceli
CFO
Twitter: https://twitter.com/BaronceliLuis
Amrit Mirchandani
Marketing Manager
Twitter: https://twitter.com/amu4biz
Telegram: https://t.me/Amudotcom
Amrit Mirchandani
Marketing Manager
Twitter : https://twitter.com/amu4biz
Goin Merry
Bounty Manager
Twitter : https://www.twitter.com/paulobaronceli
Telegram : https://t.me/GoinMerry
project is getting more popular each and everyday.There is high probability that the project will become a market leader with the great team work.The idea surely beneficial for all.
This is a very good project and its team is working very hard on this project so that this project is going to give us a very good profit.
We who support this project definitely will doing to receive a lots of benefits from the ecosystem. We are with the project at thebeginning so we know the structure and we can spread the voice and invite people to join this amazing project.
🌏MORE INFORMATION🌏
Website: https://swaap.org/
Ann Thread: https://bitcointalk.org/index.php?topic=5291587
Twitter: https://https//twitter.com/SwaapCrypto
Telegram: https://t.me/swaapcrypto
Facebook: https://web.facebook.com/Swaap-102275471847846
Discord: https://discord.gg/RqAfFx6n5p
Name:Bayanganhitam
https://bitcointalk.org/index.php?action=profile;u=2851798;sa=summary
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