Starting the summer of 2017, there are lots of ICOs going on and more and more companies from around the world are opting for this model to raise funds for their upcoming project. Without any doubt, ICO is indeed an amazing way to raise money without any paperwork but we all know how unstable the cryptocurrencies are. Leaving the newly launched Altcoins, even BTC fluctuates too much. Seeing this from the perspective of an investor, this can be a thing of real worry.
To sort this out, Swarm Fund is creating a platform that can enable investment in tokens that are backed by real-world assets. We all know that BTC isn't backed by anything real. It is just an idea that has prospered so much that people have gained trust in it.
As stated above, they are building a fully decentralized capital marketplace platform which is based on the blockchain technology which is completely owned by the community.
In their vision statement, Swarm fund said that their vision is to enable anyone sitting anywhere in the world to participate in investments that can generate real value within the crypto sector. They also wish to capture opportunities in new types of crypto asset backed by a real-world asset. Swarm says that they're very different from a typical company doing ICO as they tend to go beyond an ICO. Here is what they said to prove their statement.
Swarm is not only interested in creating an interesting software for interested people. But are also interested in creating a community of those interested people in sharing their project opportunities with other Swarm participants.
Does this mean more investment opportunities for cryptocurrencies holder?
A big YES. Till now, most of the opportunities had come only in form of cryptocurrencies like Bitcoin, Ethereum or Ripple and few more recently launched altcoins like Stratis and NEO but SWARM will change this with their unique platform.
Swarm Platform Model
Swarm will be divided into three levels namely Core, Services, and Application. Picture attached below will give a better glimpse.
These three layers will build the core of the Swarm platform that will enable investments in crypto assets that are backed by real-world projects.
Characteristics of an asset that will be made available on the Swarm platform
- Have the ability to start with small amount of investment – Enabling small-scale users to invest without many thoughts.
- Show continuous tangible returns – Shows promising record.
- Represent a range of risk-reward profiles that are relevant to the crypto investor community and provide relevant alternative asset profiles – Shows the risk-reward ratio, i.e. enabling the customers to get a clear insight.
Initial Coin Offerings
SWARM token is a standard ERC20 token which will be based on the Ethereum platform. Users holding this SWARM token will be able to use Swarm platform as it will allow one to use the Swarm software platform.
Users having this token will have the ability to create subfunds that will allow them to participate in token offerings of Swarm projects and get access to information that is only the Swarm network.
SWARM token will follow a two-tiered token system.
- a) Swarm Utility tokens
- b)Tokens on the SUN (Swarm Utility Network) – This will provide many financial opportunities run by the Swarm syndication partners.
Pricing of the tokens
The price of the SWARM tokens will be based on the price of Ethereum. The starting price of SWARM token is defined as below.
Yeah. I know that it sounds a bit mathematical but we can't-do much about it. So, if the price of 1 ETH is 300 USD on the day of ICO then the price of 1 SWARM would be 1/300 USD = 0.003333… USD.
Dates of the ICO
Official time that is scheduled for the token sale, as per the website, are given below:-
- Pre-sale will continue until 10/18 23:00 UTC.
- Swarm public sale opens 10/21 14:00 UTC and closes 10/27 23:00 UTC
- Liquid democracy voting on Board selection and Swarm Token liquidity release begins 10/30 14:00 UTC until 11/3 23:00 UTC
- First liquidity release for token tradability 11/6 15:00 UTC
Core Team
The SWARM team is backed by cryptocurrency pioneer Joel Dietz, serial entrepreneur Philipp Pieper and Timo Lehes. They have developed SWARM fund under a compliance-oriented model which can actively engage in the changing environment of cryptocurrency startups around the world.
Why should you invest in this project?
SWARM is a really interesting idea that allows people from all backgrounds to come together and invest on their platform. It allows people who've not been able to invest in cryptocurrencies due to the fear of losing money can invest in crypto assets which are backed by real-world assets.
To know more visit:
Website: http://www.swarm.fund
Twitter: http://www.twitter.com/theswarmfund
Written by: Kishan
Bitcoin talk name: Kishan748