SwiftDemand, the digital basic income project, have announced that they are holding a token sale for their soon to be launched cryptocurrency. The sale takes place on 8th April 2018, just a few days away now and will be split up into two stages. According to their blog post: "The first stage is a dutch auction which is used to fairly decide the price of Swifts and allow people to reserve the amount of Swifts they want to purchase in the token sale. The second stage will occur where users will have their KYC documents processed and then be allowed to purchase Swifts once all information has been fully verified."
I've been using SwiftDemand for over 6 months now, and it's great to see the service grow. They have already introduced a Marketplace where users can exchange goods and services for their Swift tokens. I'm a big supporter of the Universal Basic Income concept, and it's great to see it being implemented with another one of my passions, cryptocurrency.
One of the great things about SwiftDemand is that it doesn't require any prior knowledge about cryptocurrencies or blockchain technologies to use the platform. If you aren't signed up already, head on over and start collecting your free daily tokens. In order to take part in the token sale, you'll need to complete a KYC which only takes a few minutes. It's important to note that bidding in the Dutch Auction does not guarantee you will be able to purchase Swifts. I've included all the usual links below, and if you're thinking about signing up to SwiftDemand then I'd really appreciate it if you used my referral link.
What do you think about this news? Will you be taking part in the token sale? Let me know your thoughts and feelings in the comment section down below, and as always make sure to follow me for the latest Cryptocurrency, Internet and Pop Culture updates. Until next time, Peace!
Source:
SwiftDemand Token Sale (https://medium.com/swiftdemand/swiftdemand-token-sale-97a09ab0871e)
Good post! Hi John, do you know why citizens from US, Chinese, and Singapore because of sanctioned countries could not participate in token sale?.
Thank you! =]
I believe it is because these countries are introducing regulation to the cryptocurrency market and want to treat them as "securities". If these ICOs were to allow investors from these countries, then they would need to provide a lot more information to the right government agencies (so in the US I believe it is the US Securities and Exchange Commision or SEC). Already US citizens are getting hit with tax bills for their cryptocurrency holdings.
Thanks very much!
Really? I have been using swift token for a while and I love their market place, I think it is really useful.
Great post, have followed you. What do you think of the current state of the cryptocurrency market?
It's really great to see SwiftDemand growing and tailoring their service to fit a specific need.
Oof, cryptos right now... I don't think anyone anticipated they'd be down for this long, however it's probably a sign that we're nearing the last days of the wild west of cryptocurrencies. Many countries are now introducing legislation and regulation to tackle the growing digital currencies, and this will alter how the markets behave. I think it'll mean the end of these crazy boom and bust scenarios that we've been seeing.
Bitcoin could be about to lose it's importance as well, as the reason why all cryptocurrencies are down right now is because they are intrinsically linked to the price of Bitcoin. We've seen a nice rise from Steem and SBD over the past few days, which is a relief, but many of the first gen cryptos could be on their way out.
Another sign that the bubble might be about to pop is that the sheer number of ICOs is at fever pitch, with so many scams popping up too which will only cause investors to demand regulation faster. Just because the bubble will pop, doesn't mean there isn't lots of money to be made if you back the right projects. So, think about the DotCom bubble and how so many lost their money investing without realising what they're investing in, but for a lucky few who backed Microsoft, Apple, Google and Amazon, they made a killing.
For me I'm not going to take part of the token sale. Once purchased a egg recipe for 50 Swifts on the market, disappointed... ;)
BUT I'm really excited/curious how the platform is going to develop (the quality) of offers in the store of SwiftDemand to spend!
I'm in two minds as to whether I should invest in the pre-sale or not, I've put a bid in just in case though. I haven't made any purchases yet, to be honest everything on the store seems a bit crappy to me! It's too early for me to get too into the platform just yet, but like you say, it's exciting to see it develop. I didn't think the project would even get this far when I first signed up!
Thanks for stopping by =]
thank you!
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