We are pleased to announce our next AMA on May 17th 2021 at 03:00 PM UTC Time: Satoshi Club x Swarm Network
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Swarm Network Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Swarm Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Swarm Network
For more details:
Swarm Network Website – swarmnetwork.org
Swarm Network Telegram – @swarmfund
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Will there be a bridge to Iota, Constellation, VIDT Datalink or Unibright or Baseledger in the future ?
Interested to learn more details about Swarm Powered Fundraise and its aim to perform regulatory compliant fundraises for security tokens. What exactly are the security tokens you mention? Will you limit the fundrases only to the security tokens or will the projects not related to security tokens be able to apply as well?
Swarm protocol SRC20 token framework, is it a dedicated layer 1 blockchain or a layer 2 solution on top of the ETH chain? What will be the situation with fees on the SRC20, will users have to pay fees comparable to the ETH fees? Fingers crossed the answer is no 😉
Please share some details about the swarm native token SWM. Will it be inflationary or deflationary in nature? SWM is currently listed on the Uniswap, do you plan to list SWM on more exchanges, decentralized as well as centralized? If so, which ones can expect to be graced with the chance of hosting the SWM ?
Since mySwarm.app will be used for fundraising please tell us if you have any rugpull prevention mechanisms in place to guarantee investor funds from being stolen? How will you release investments to the projects that apply for funding, will there be certain milestones they need to prove they have achieved before portion of funds is released?
The SWM Network seems very interesting but what will be the main differentiating factors with other well stablished token generating platforms?
I would love to know more about the roadmap of the project. Seams that there is not much information on your website/social chanels
Sometimes community driven projects are left behind in terms of innovation and maintainability. How does the SWM Network intends to tackle this issues log term?
As a fundraiser app, the team behind the mySwarm.app will need to hand pick most of the first projects that will be available for fundraising on the platform. When will we have a more detailed process of submitting new projects to the app and what will be the minimum requirements that a project will need to meet in order to be picked to participate so it does not fill with scam projects like it has happened before in other platforms?
You won’t retreat halfway, will you?
Will holding you for a long time make us profitable?
Will long-term holding be more profitable than Dogecoin?
Will you protect the interests of community investors?
I read that you recently launched what you feel is your signature product, called MySwarm app, can you tell us more about this product? What are the main functions of it? Who can use it and what do people need to do if they want to fully take advantage of what you offer within this app?
I saw that Swarm’s token is a SCR20 type token, which is something I have never seen before, so can you tell us more about it? What does it mean to be a SCR20, what are the differences with a ERC20 type? Is this SCR20 an ERC20 token modified by Swarm? If so, why did you decide to do so and what did you change about it?
While looking for information about Swarm I saw that you have something called Swarm Network Council, can you tell us more about this group? Is this Council the governance of the platform or is it an entity apart from Swarm’s governance? Also, who are this Council and how do they get there? What function do this group have within Swarm’s platform if there is a governance too?
Swarm is a platform where the tokenization of basically everything is possible, but when it comes to making this happen, how is the process of it? How is the process a users goes through on the platform if they want to create a security token or a utility one? What kind of rules or security regulations they need to follow to do so?
One thing that is quite popular right now, are the NFTs, they are everywhere. So, this makes me wonder, will Swarm Network offer NFT related services? Will it be possible for users to tokenize NFT on Swarm, for example?
I read that Masternodes programme at Swarm was really strongly adopted by community, however Swarm made the decision of retiring the Mastenode programme and redistribute rewards in a new fashion to holders who stake SWM, could you share more about this with us? Why if the programme was a success you decided to retire anyway? And why did you choose SWM Staking as a replacement? What benefits does this bring to users?
Currently you have two pools available for staking:
Pool 1, SWM Pool Rewards: 1x Rewards
Pool 2, SWM / ETH Pool Rewards: 4x Rewards
Can you explain the advantages of participating in one pool or another? How often can the stakers receive their earnings?
You have a very well established governance system, I could see that in order to submit a proposal the users have to stake 250 $ SVM tokens, can you tell us the main benefits you provide to the stakers apart from participating on proposals?
The Swarm Network summarily describes itself, as a group of persons (members) joining to support the development of a digital infrastructure designed to foster the emerging digital securities economy. This stated service purpose clearly looks ambiguous in a general sense. Consequently, will particularly like to know what are the core purposes to which the Swarm Network will pride it’s services and products, what categories of persons would be considered members of the network, and taking into account security, usability, technologies as well as clientele base, what principles are at the front burner to the development of a reputable digital infrastructure?
The Swarm Network has adopted a modified version to it’s tokenomics after a general concensus with it’s members. With this Proposal, 80% of the IssuanceMintFees goes to the SWM staking Pool and 20% to the SWM network Treasury, allocated by SWM governance. Therefore, can you briefly explain what the IssuanceMintFees are, how are they calculated, and what constitutes the SWM network Treasury, what purpose does it address? Also, what are the overall benefits of this modified version of the Swarm Network tokenomics and distribution in direct comparism to the previously adopted approach, as it relates to members, investors and holders of SWM?
In the bets they inform that the distribution of the rewards will be 80% of the fees paid in SWM and will be distributed in p1 and p2. Could you explain to me what will happen to the other 20% of the fees paid?
They say in their whitepaper that the Swarm Network platform will be free, but having Ethereum as its base blockchain, it will play against the high level of transaction fees. Do you have any plans in mind to make the gas issue a little more viable?
Swarm Network will focus on raising, receiving your grants and contributions. But at the same time, it will be an open and free platform. The only way to raise will be through subscriptions and donations? Will you not charge percentages for transactions?
Swarm is in the tokenization space. According to PWC report, the expected market size for security tokens in 2030 is $2,000 billion. You are serving a large market here. Tokenization is the next big thing in my honest opinion and will revolutionize the financial world. For those who don’t know anything about the term tokenization. What exactly is tokenization and how does Swarm fit in here?
we learned that we can theoretically tokenize anything. That alone should make it obvious to the reader what enormous potential lies in the area of tokenization. Let’s imagine me has a great project and wants to tokenize it via Swarm Platform. Now how do I proceed and what do I have to consider?
With all the tools you mentioned, like paying out dividends, it’s super strong! It’s like an one-stop tokenization platform, with all the tools you need. Does this mean, if I want to tokenize an energy or real estate company, i may need different legal documents, but the process through my platform will be the same?
The most meaningful vote (in my opinion) was regarding the new staking contract. Liquidity was thus increased from only 50k liquidity to almost $600k in a very short time. That is immense. Please tell us more about it! What is it all about, where can what be staked and how, and what are the rewards?
Competition is the literal driving force. There are several competing projects that are also in the tokenization space, including Polymath ($POLY) and LCX ($LCX), the market opportunity is far too massive for even this small cohort of service providers. What do you think you are doing differently or better, and do you think the market is big enough for several of these projects to succeed side by side?
Swarm’s native token SWM (ERC20) is the lifeblood of the Swarm Network, it gives a voice to all holders. As we know the transaction fee for ERC20 is quite high compare to other networks,so does your platform has a plan to integrate to other networks that charge only a lower fee on transaction? If yes, what network would it be and why? When can we expect the integration for many traders and investors will try to trade and invest $SWM tokens? Thank you
As the framework of the Swarm protocol in which it gives token issuers the tools to perform regulatory compliant security token issuances. How will SRC20 Protocol navigate the token issuers to give it’s right to perform regulatory compliant security token issuances? Aside from this uses of SRC20 Protocol, what are the other uses of SRC20 Protocol in Swarm network? Does SRC20 has to do with TRC20 token? Thank you
Swarm’s native token is SWM (ERC20). Swarm has its own elected council Swarm Network Council (SNC), the members of which are selected by ballot of Swarm holders on Snapshot. Is it closed for new council members? How can people join into the SNC right now and become a council member? Can anyone vote new proposals there? Could you please explain a little about Swarm Network Council?
SRC20 is the framework of the Swarm protocol. It gives token issuers the tools to perform regulatory compliant security token issuance. There is a test version of the SRC20 protocol on Kovan test network. How can people use it and how to get test tokens? Is it only open for project developers? Can you talk a little bit about SRC20 framework any it’s properties?
I am not a profession but When I tried to use swarm network to create or manage new tokens I couldn’t understand regarding token features like account freeze, contract freeze and force transfer. How does this works and do you have any plan to educate beginner s like me?
MySwarm’s intended function is for the creation of digital tokens, with the ability to add control layers to adhere to securities regulations, it is up to the users to decide what type of project they are creating here and ensure compliance to regulations around raising funds or securities laws applicable. Can all users take advantage of this feature, what should they do? What levels of governance can they add and what rules must be followed regarding fundraising?
Swarm Network’s SRC20 protocol is an open, permissionless standard that allows anyone to build on the foundation and fully empowers the user with the ability to create compliant digital assets. Is Swarm required as a fee for services to mint tokens in Swarm’s SRC20 protocol? Has the Swarm Network team considered implementing NFT usage on their platform to enhance various features? What are the fundamental characteristics that the Swarm Network protocol complies with?
You have is zero fee cost to deploy fundraisers, the small% fee on the back end, if the raise targets are met – all goes back to: Swarm Treasury (20%) sustaining development and rewarding the Swarm community (80%) who stake or provide liquidity on Swarm staking app. Fundraising is the process of attracting external, third-party resources for the company, necessary for the implementation of any task. Please tell us more about this area of your activity. How are fundraisers deployed, what are the purposes of fundraising, and how is it rewarded? And what happens when fundraising goals are not met?
I read that swarm use Term Agnostik and possible to use multiple chain. Could you explain what is term agnostik? If you can use multiple chain, is that mean you can offer your service to more than one chain? What chain that already support your service?
Swarm’s native SWM (ERC20) token is the lifeblood of the Swarm Network, giving voice to all holders. What are the principles on which this token has been forged? What functions does the elected Council fulfill within the platform? Who is in charge of selecting the members of this council? How can I collect rewards by implementing the use of Swarm?
Swarm Network is an infrastruktur for digital securities. Also one of your service is about tokenize asset. Can you describe what thing do we possible to tokenize and how is the tokenize asset work? Do we possible to tokenize a NFT ?
After read on your website, I found that Swarm Network have feature about masternode program. Can you explain more detail about your masternode program, how does it work? What is the requirement if user want to join in the masternode program? And is there any reward for that program?
Swarm Network is partnering with VersoView, a marketing publication solution with tokenized reward structures. What is VersoView? What technologies do you use, offered by VersoView and what does this collaboration give to Swarm Network?