As you might know already, SwiftRewards is one of my favorite parts of SwiftCash as it incentivises me to HODL for a long period of time, even during bear markets. As the whitepaper puts it, SwiftRewards is a mechanism to not only encourage long-term holding, but to also stablize the price and compensate holders in case price depreciates. You can read more about SwiftRewards and how exactly it works HERE.
The sole purpose of this post is to explain why buying SwiftCash before block 525,600 can turn into one of the best decisions made in your life. As the whitepaper explains, SwiftRewards come in 4 tiers or snapshots which happen appx. every 1, 3, 6 and 12 months! And the first tiers or snapshots are skipped in order to make things fair for the future adopters, given the fact that not a lot of people know about a project in the beginning and that a lot of people would prefer to wait around a bit for a project to age a little per se, in order to make sure it's not a scam, before they jump on it.
So what is the deal with block 525,600? The deal is that from block 525,600 all tiers or snapshots of SwiftRewards will be in effect which means long-term holders can have a nice feeling that they'll be airdropped quite a lot if price continues to depreciate. Take the last tier for example which happens every 525,600 block or appx. every 12 months. It means that if someone buys SwiftCash before block 525,600 and holds up to block 1,051,200, and the price of SwiftCash depreciates during this time, they'll be among the addresses that can receive up to 1% of SWIFT's theoretical block rewards, during appx. 12 months, which will be something close to 1,000,000 SWIFT!
And this will only be for tier 4! There can indeed be a lot more aidrops for the other tiers, such as tier 1 which happens on a monthly basis, or tier 2 which happens on a 3-month basis, and also tier 3 which happens on a 6-month basis! But of course these airdrops would only happen if price depreciates and would only be applicable to addresses that have not spent their coins or moved them out.
What if price does not depreciate and goes up?! Well that will be fantastic too! Isn't that ultimately what you'd want? It's a win-win situation for faithful holders and that is why it makes the ride more exciting! I don't know about you but I'm personally extremely excited about this ride, which in my opinion hasn't even started yet! Keep in mind that the marketcap for SwiftCash is not even half a million dollars yet :)
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