{"id":11706,"date":"2021-08-25T16:16:10","date_gmt":"2021-08-25T13:16:10","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11706"},"modified":"2021-08-25T16:23:02","modified_gmt":"2021-08-25T13:23:02","slug":"swash-x-satoshi-club-ama-recap-from-24th-of-august","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/25\/swash-x-satoshi-club-ama-recap-from-24th-of-august\/","title":{"rendered":"Swash x Satoshi Club AMA Recap from 24th   of August"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Swash and our guests was\n@chloe_diamond. The AMA took place on 24 August.<\/p>\n\n\n\n<p>The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n<p>In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n<h2><strong>Part\n1 \u2014 introduction and questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Hello, dear Satoshi Club community! We are pleased\nto announce AMA with Swash .<\/p>\n\n\n\n<p>Today our&nbsp; guest is @chloe_diamond &#x1f929;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Hi everyone &#x1f44b;<\/p>\n\n\n\n<p>Happy to be here<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Hello Chlo\u00eb, is a pleasure to have you here&#x1f603;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Nice to e-meet you&#x1f60a;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Likewise &#x263a;&#xfe0f;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks for joining guys! <\/p>\n\n\n\n<p>Let&#8217;s start!<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Ready when you are!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Introduce yourself please. How did you get to be\ninvolved in crypto &amp; Swash?<\/p>\n\n\n\n<p>Tell us please about\nyour position in Swash?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure. My name&#8217;s Chloe and I&#8217;ve been working in the\ncrypto space since 2017, but interested in it since 2014. My background is in\nmarketing and communications and that&#8217;s my role at Swash too. I joined last\nyear to grow the community and to tell the world about what we&#8217;re doing at\nSwash<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Wow! you are an early bird &#x1f601;<\/p>\n\n\n\n<p>What is the essence of\nSwash?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> I guess so!<\/p>\n\n\n\n<p>The essence of Swash is\nto create a fair data economy by redistributing value back to people. We&#8217;re\nplanning to scale Swash into an ecosystem of tools and services that enable\npeople, businesses, and developers to unlock the latent value of data by\npooling, securely sharing, and monetising its value. <\/p>\n\n\n\n<p>People are incentivised\nto share their data so that they can earn while retaining their privacy.\nBusinesses can access high-quality, zero-party data that was previously\ninaccessible in a sustainable and compliant way. Developers can easily set up\nand build systems within a collaborative development framework.<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> This is very timely in my opinion.<\/p>\n\n\n\n<p>How long does it take\nto develop a project? What plans do you have for the future? And what can we\nexpect from Swash?<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Very interesting idea, we are in the age of data.<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Swash has been around for 2 years already,\nlaunching in late 2019 (<a href=\"https:\/\/medium.com\/swashapp\/weve-open-sourced-swash-to-make-data-unions-a-reality-7049e92c364b?source=collection_home---6------2-----------------------\">https:\/\/medium.com\/swashapp\/weve-open-sourced-swash-to-make-data-unions-a-reality-7049e92c364b?source=collection_home&#8212;6&#8212;&#8212;2&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/a>)\n&nbsp;and building in public ever since. We&#8217;ve\ngrown to over 60K+ users who believe in the mission and now we&#8217;re evolving\nSwash into a universal data ecosystem. Our roadmap spans until 2024, which you\ncan read more about on our website (<a href=\"https:\/\/swashapp.io\/token\">https:\/\/swashapp.io\/token<\/a>\n) and whitepaper (<a href=\"https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf\">https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf<\/a>)\n<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Also we would like to know more about your team.\nWho is on the project team core?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Definitely! A lot of trends are pushing us in this\ndirection: the end of third-party cookies, increasing regulation like GDPR and\nCCPA, increasing demands for data rights&#8230;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club; <\/strong>This is an incredible result.&#x1f44f;&#x1f44f;&#x1f44f;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> How did you choose the name of the project?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> I&#8217;m proud to be working with one of the most\nskilled and diverse teams in the blockchain space, all with strong backgrounds\nin software dev, cybersecurity, and blockchain. The team have been working\ntogether for over a decade across various industries including enterprise,\nresearch, application security, media &amp; advertising, to name a few. We&#8217;re\nlucky to count our advisors as part of the team too. We work closely with them\nand many of them are founders in the space already so they know what works.\nOthers are coming more from a data privacy and even a data buyer perspective,\nso we&#8217;ve got all angles covered<\/p>\n\n\n\n<p>Great question! You can read more about the concept of Swash here (<a href=\"https:\/\/swashapp.io\/brand-assets\">https:\/\/swashapp.io\/brand-assets<\/a>). Swash is the name for water as it washes up on the shore. We see Swash as a first step into new lands, exploring uncharted waters while recognising the power of people working together &#8211; one drop&#x1f4a7; may not seem like much but noone can deny the force of the entire ocean &#x1f4aa;&#x1f30a;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Is your team anonymous?<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Amazing, I love the concept of the brand and the\nlogo, very creative&#x1f44f;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> No, you can see the team here: <a href=\"https:\/\/swashapp.io\/token\">https:\/\/swashapp.io\/token<\/a> <\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks for sharing<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Thanks! I guess you&#8217;re a fan of sci-fi &#x1f60a;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Absolutely&#x1f601;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks for great introduction, we will have several\nquestions selected for the Part 1. Ready to start?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure thing, shoot &#x1f60a;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> I&#8217;m happy to know you are a public team, that\ngenerates confidence<\/p>\n\n\n\n<p>Let&#8217;s go &#x1f973;<\/p>\n\n\n\n<p><strong><em>Q1 from Telegram User @iam12312 <\/em><\/strong><\/p>\n\n\n\n<p><strong>Swash\u2019s slogan is \u201cYOUR DATA, YOUR INCOME,<\/strong><\/p>\n\n\n\n<p><strong>I see majority of the Companies provide these\nplatform for free to users as It does benefits Projects in many ways<\/strong><\/p>\n\n\n\n<p><strong>If I talk about Traditional world then Google ,\nYahoo ,Twitter, these all companies have Different Revenue system &amp; In\n2020, Google generated around 81% of the revenue through Advertising, I wonder\nhow Swash is going to make money from the platform?<\/strong><\/p>\n\n\n\n<p><strong>What are the other ways that Swash makes money?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure, so Swash receives 30% of profits made from\ndata sales, the rest is distributed to members. Each solution provides added\nvalue streams and some, such as sApps (applications built on Swash) offer new\nopt-in methods for people to make even more from their contributions. An\nadvertising solution, called sAd, will use Swash data to create a fair,\ntransparent, and efficient advertising platform. That&#8217;s just one of many, but I\nfeel it relates closest to your question. More details on that can be found in\nthe whitepaper.<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Who received the data you sell? Who are your\npartnerships right now?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> When we sell the data, the types of businesses who\nwill purchase include market and analytics companies, AI\/ML startups, hedge\nfunds, advertisers and brands, and researchers, to name a few. <\/p>\n\n\n\n<p>Our partnerships\ninclude Chainlink, Streamr, Ocean Protocol, Outlier Ventures,&nbsp; Boson Protocol, Amasa, 1 World Online,\nTapmydata, Crunch Digital Media, and the DPPA. The world of decentralised data\nis an incredible, collaborative space to be!<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Big names there, congratulations&#x1f44f;&#x1f601;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Indeed&#x1f60a;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> For sure, they&#8217;re great teams to work alongside &#x1f60a;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Well, would you like to add something before the\nnext question?&#x1f4aa;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> All good, go for it<\/p>\n\n\n\n<p><strong><em>Q2 from Telegram User @Jmagsss<\/em><\/strong><\/p>\n\n\n\n<p><strong>Swash\u2019s native token, $SWASH, has a lot of use-cases\nand utilities within Swash\u2019s platform and ecosystem. From incentives,\ncomputations and governance, $SWASH will be used accordingly and transparently.\nI was curious about your token cross-chain support. It says on your whitepaper\nthat Swash\u2019s token would be built for both BEP-20 and ERC-677. It is rare to\nsee tokens that has ERC-677 support because others mostly use the standard\nERC-20. Why did Swash opted deploy its Ethereum network support under the\nERC-677 interface? What could be its advantages against the commonly used\nERC-20?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Great question!<\/p>\n\n\n\n<p>SWASH will originally\nbe minted on Ethereum then bridged to other networks like BSC, xDai, and\nPolygon. <\/p>\n\n\n\n<p>The reason we chose\nERC677 instead of the ERC20 is because the ERC20 standard isn&#8217;t well designed\nfor cases where a contract wants to execute actions after receiving an ERC20\ntoken. For the ERC-20 tokens, they should first allow the contracts to transfer\ntheir tokens, then the contract can transfer tokens from their wallet using the\ntransferFrom function of the ERC20 contract. This basically means that two\ntransactions should be executed (e.g. when swapping tokens in Uniswap). <\/p>\n\n\n\n<p>ERC-677 is a solution\nfor this, providing a transferAndCall function which allows users to send\ntokens to contracts and for the receiving contract to receive the tokens all in\none transaction. <\/p>\n\n\n\n<p>ERC677 has all the\nbenefits of ERC20 while addressing its limitations. It is more advanced and\nallows for more functionality which is why its used by the likes of Chainlink\nalso. It\u2019s fully compatible with all the ERC20 and mainnet infrastructure and\ntools while offering a better UX experience and lower costs!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> It&#8217;s really make a sense&#x1f44d;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Interesting decision. Btw, what are the main\nusecases of $SWASH and which benefits it provides for long term holders?<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> and please share your tokenomics with Satoshi\nClubbers&#x1f60a;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong>The main use cases for $SWASH are:<\/p>\n\n\n\n<p>&#8211; Incentivise: As an\nincentive system, ecosystem actors will be rewarded with Swash tokens in return\nfor their participation.<\/p>\n\n\n\n<p>&#8211; Transact: All data\ntransactions across all marketplaces, platforms, and applications will be\ndistributed in SWASH. This includes value generated within the business\nintelligence and analytics platform (sIntelligence), the data computation\nenvironment (sCompute), and solutions developed utilising Swash technology\n(sApps).<\/p>\n\n\n\n<p>&#8211; Govern: Swash token\nholders can vote for projects they wish to see receive funding from the Swash\nDAO fund, decide on new roadmap developments or modifications, and to take part\nin token-related decisions.<\/p>\n\n\n\n<p>&#8211; Multiply: People can\nindividually and collectively contribute the value of their data to social\ndevelopment causes and use it for value exchange both within and outside the\nSwash universe, such as redeeming earnings for products or staking liquidity.<\/p>\n\n\n\n<p>For long term holders,\nthe value of Swash will increase with adoption and growth of the ecosystem. As\nmore people join, not only does the value of data become more valuable but\nadoption of the $SWASH token will increase also, so there&#8217;s plenty of incentive\nto get in early. <\/p>\n\n\n\n<p>Plus, as demand for\n$SWASH will increase alongside network adoption, generated value may be used to\nbalance the token supply, likely through periodical token &#8216;burning&#8217; &#x1f525;<\/p>\n\n\n\n<p>Tokenomics will be\nreleased soon &#8211; best to join the Swash Tg channel or subscribe to our\nnewsletter to be the first to know!<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Wow you have created a big ecosystem with an strong\ntoken &#x1f44f;<\/p>\n\n\n\n<p>Thank you so much for\nthe detailed answer, now is time to proceed with our 3rd question.&#x1f603;<\/p>\n\n\n\n<p><strong><em>Q3 from Telegram User @Rotoxy<\/em><\/strong><\/p>\n\n\n\n<p><strong>SWASH will operate a trusted Governance DAO and From\nyour tokenomics, 14% of SWASH is allocated for ecosystem and DAO growth. I read\nthat your DAO system will operate as a semi-decentralised structure that will\ncombine centralised and decentralized governance structure. Can you explain how\nyour governance model will strike a balance between a non-democratic central\ngovernance and a democratic community oriented DAO? How are proposals made and\nhow will you achieve optimum governance by incentivising stakeholders in a bid\nto ensure accelerated decisions making process? How will the SWASH allocated\nfor DAO growth be shared or distributed?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Decisions relating to the technology roadmap are\nmade by the team, so that\u2019s the centralised part, but decisions related to\nnetwork parameters (like the network fee) and decisions around funding projects\nthat integrate their solution with Swash will be made by the DAO. The\ndistribution mechanism of the DAO pool will be announced during the project\ndevelopment.<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Please share us the roadmap to know what else is\ncoming for swash<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure, check out section 9 of the whitepaper (<a href=\"https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf\">https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf<\/a>\n)<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Thanks for share it, ready to proceed with the next\nquestion?&#x1f603;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> We have:<\/p>\n\n\n\n<p>Rise (Q3 2020 &#8211; Q1\n2021) &#8211; Swash application growth<\/p>\n\n\n\n<p>Surf (Q3 2021- Q4 2021)\n&#8211; sIntelligence platform development<\/p>\n\n\n\n<p>Flow (Q4 2021 &#8211; Q3\n2022) &#8211; sCompute and sChannel launch<\/p>\n\n\n\n<p>Surge (Q2 2022 &#8211; Q4\n2022) &#8211; First sApp releases<\/p>\n\n\n\n<p>Onshore (Q1 2023 &#8211; Q3\n2023) &#8211; sApp development and upgrades<\/p>\n\n\n\n<p>Swash (Q4 2023 &#8211; Q2\n2024) &#8211; Swash smart contracts<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure thing<\/p>\n\n\n\n<p><strong><em>Q4 from Telegram User @yellowchamp<\/em><\/strong><\/p>\n\n\n\n<p><strong>Does Swash App available through mobile application?\nIf not,do you have plan to launch your own mobile application? When can we\nexpect Swash app to be available both IOS and Android for easy access of your\nusers? What will be its innovative features while it is being upgraded with\nmobile version? Thank you<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Swash is currently available on Android for Kiwi\nand Yandex, although a mobile version of Swash for all browsers is in the\nworks. It\u2019s a priority for us to expand Swash to mobile to cater to wider\naudiences and it will be one of the developments alongside our First Wave\nSolutions &#8211; all of which seek to bridge the gap and provide even more value to\nthe community &#x1f60a;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Great, that helps with mass adoption&#x1f601;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Yep!<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Btw, is any kind of KYC needed to join your\nplatforms?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> To use Swash?<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Yes<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> No, there&#8217;s a very short onboarding process (it\ntakes just a few minutes). The setup process creates a wallet for you and asks\nfor some basic demographic details (nothing that can be used to personally\nidentify you) to create a less-fragmented dataset<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Great job, privacy is very important, that&#8217;s what I\nwant to ask about audit? Have you done any audit process?<\/p>\n\n\n\n<p>Can users be sure that\ntheir info will not be stolen?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Yes, audited by Certik. We will be sharing details\nalong with more info on token itself over the coming weeks<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Safety first &#x1f44c;<\/p>\n\n\n\n<p>Thanks for your answers<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Don&#8217;t forget to share it with our community in the\nfuture&#x1f603;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Unfortunately, peoples&#8217; data is being stolen in the\nexisting model which is exactly why Swash was born! People can be certain that\ntheir data won&#8217;t be stolen &#8211; we have measures in place to ensure that the data\nis stored properly, and it&#8217;s anonymised and end-to-end encrypted for added\nsecurity.<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> &nbsp;Yessss &#x1f60a;<\/p>\n\n\n\n<p><strong><em>Q5 from Telegram User @Right_clicK1<\/em><\/strong><\/p>\n\n\n\n<p><strong>There is no argument that when its get to a certain\nstage of browser usage, it slow down effectively because it uses too much CPU\nand RAM. Adding plugin on such a browser now will add more to its problem. Can\nyou briefly tell us about the technology used to build Swash plugin, how heavy\nis it going to be in a browser? And going through your whitepaper, I could\nidentify up to 15 Swash elements with less details about them, can you\nenlighten us how each of them works in this project?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Definitely!<\/p>\n\n\n\n<p>Good point! This is\nsomething we\u2019ve been conscious of since day 1. We\u2019ve released at least 15\nversions of the extension over the last two years and have more than 60000\npeople who have installed it and, so far, there hasn\u2019t been any major report on\nCPU or RAM usage. The extension is developed using Chrome and Firefox SDKs and\nis mostly based on Javascript, Typescript, and React. <\/p>\n\n\n\n<p>Even though our\nwhitepaper is pretty huge, we actually reduced a lot of technical descriptions\nrelating to the architecture to simplify it and make it easier to read. If you\nhave specific questions, feel free to message the team in the Swash official\nchannel.<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> Thank you Chlo\u00eb, that&#8217;s an important Technical\ntopic.<\/p>\n\n\n\n<p>Now, before proceed\nwith 6th question could you tell us how to buy $SWASH? It looks like a good\nopportunity to be an early investor &#x1f601;<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Thanks for your great answer&#x1f60a;<\/p>\n\n\n\n<p> <strong>Chlo\u00eb | will never PM you first:<\/strong> \u00a0 Details of the public sale will be announced shortly &#x1f92b;\u00a0 for private investment inquiries you can connect to us through the Swash Telegram <\/p>\n\n\n\n<p>And don&#8217;t forget to subscribe to our newsletter for those updates too!<\/p>\n\n\n\n<p><strong><em>Q6 from Telegram User @JesusFre1tes<\/em><\/strong><br> Environmental causes, children\u2019s charities and COVID support are just a few of the many social good organizations you can contribute to through Swash. This is truly amazing and noble. My question is, why have you decided to earmark part of your profits for redistribution in this way? What are the charities that the Swash team is currently focusing on? What percentage of profits has been earmarked for this noble purpose and what impact will this noble cause have on the development of your project?<\/p>\n\n\n\n<p> <strong>Chlo\u00eb | will never PM you first:<\/strong> Oh this is one of my favourite topics!<\/p>\n\n\n\n<p>There are several\nreasons why we will be bringing a donation feature to Swash:<\/p>\n\n\n\n<p>1. Following the Ecosia\nmodel (they have 16 million users!), people are motivated by being able to do\ngood without needing to change their habits<\/p>\n\n\n\n<p>2. Attracting larger,\nmore diverse audiences through social goods orgs and promotion to their own\ncommunities will increase the value of Swash data (more data + more diversity =\nmore value for everyone)<\/p>\n\n\n\n<p>3. At least to start\nwith, the amount people can earn through Swash might not be very much to make a\nbig difference to their lives. But to know that they can automatically donate\nit and make a difference to someone else is huge<\/p>\n\n\n\n<p>4. If Swash can make it\neasier for people to make a positive difference, then why not make it\npossible?! <\/p>\n\n\n\n<p>The charities we are\nfocusing on are those who already accept cryptocurrencies as donations. If you\nknow of any, please share and we can consider adding them too \ud83d\ude42&nbsp; The percentage of profits donated is up to\nthe individual.<\/p>\n\n\n\n<p>In terms of the impact\nthis will have on Swash, it\u2019s important to remember that data is unique in the\nsense that the more of it there is, the more valuable it becomes. Connecting to\nnew audiences not only grows the number of people in the Swash community, but\nit also means bringing in more diverse audiences. <\/p>\n\n\n\n<p>Swash is designed in a\nway where people don\u2019t necessarily need to understand crypto, blockchain, or\nthe world of data to be able to start earning, so even less tech-savvy people\ncan get involved and, if they like, automatically donate to their chosen social\ngoods org. Increased size and improved diversity within Swash data makes it\nmore valuable, returning even more value back to Swash members!<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> absolute mass adoption&#x1f601;<\/p>\n\n\n\n<p><strong>Andr\u00e9s M. | Satoshi Club:<\/strong> It is always good to give to those in need, part of\nwhat has been given to us. congratulations on that noble policy<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> By combining charity and business, you make this\nworld a better place.&#x1f60a;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Great, looking forward to it<\/p>\n\n\n\n<p><strong>Gold Rocket | Satoshi Club:<\/strong> Now get ready for the most impressive part of our\nAMA. Live questions. &#x1f601;&#x1f680;<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Thank you both!<\/p>\n\n\n\n<h2><strong>Part\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n<p><strong><em>Q1 from telegram username @xperia3<\/em><\/strong><\/p>\n\n\n\n<p><strong>Hi! &#x2705;<\/strong><\/p>\n\n\n\n<p><strong>What are the plans of Swash to create an awareness\nin the community about the importance the personal data? How will you educate\npeople?<\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Chlo\u00eb | will\nnever PM you first:<\/strong> I love this\nquestion &#8211; it&#8217;s so urgent! Of course, alongside the materials we share about\nthe data economy in general, Swash actually allows people to put their data\nrights into practice. By showing people exactly what data is captured and then\ngiving them the option to choose whether to share that particular data point or\nnot allows them to practice having control and ownership over their data while\nlearning what data is actually considered valuable<\/p>\n\n\n\n<p><strong><em>Q2 &nbsp;from telegram username @meml97<\/em><\/strong><\/p>\n\n\n\n<p><strong>&#x1f9e8;&nbsp;&nbsp;&nbsp;&nbsp;\nIt caught my attention that Swash claims that: \u201cSwash operates on a\nbetter-than-free model\u201d. But if I\u2019m honest with you, this is the first time I\nsee such thing, so, can you tell us more about this and what does it mean to\nhave a \u201cbetter-than-free model\u201d? What advantages this model provides to your\nplatform and how is it a better option for it than any other available model?\nMost importantly, what kind of benefits does this \u201cBetter-than-free model\u201d\nallows you to provide to your users as an all-inclusive data ecosystem that\nputs people first? @chloe_diamond<\/strong><\/p>\n\n\n\n<p><strong>&nbsp;Chlo\u00eb | will\nnever PM you first:<\/strong> Happy to! Many\nof us know how web 2 operates with free services (such as Facebook or Google).\nUnfortunately, those services are free because they rely on extractive systems\nthat don&#8217;t bring any value back to the users on the platform. Better-than-free\nmeans that, not only is Swash&#8217;s service free to individuals, it actually pays\nthem!<\/p>\n\n\n\n<p><strong><em>Q3 &nbsp;from telegram username @surendra040<\/em><\/strong><\/p>\n\n\n\n<p><strong>How can I do my research about your project? Do you\nhave any whitepaer released and can you provide me all the social media links\nand blogs?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Sure, here are some useful links:<\/p>\n\n\n\n<p>Whitepaper(<a href=\"https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf\">https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf<\/a>\n)<\/p>\n\n\n\n<p>Website (<a href=\"https:\/\/swashapp.io\/token\">https:\/\/swashapp.io\/token<\/a>)<\/p>\n\n\n\n<p>The genesis blog (<a href=\"https:\/\/medium.com\/swashapp\/the-dawn-of-a-new-age-of-data-eff0d8b2f0a4\">https:\/\/medium.com\/swashapp\/the-dawn-of-a-new-age-of-data-eff0d8b2f0a4<\/a>)<\/p>\n\n\n\n<p>Twitter &nbsp;(<a href=\"https:\/\/twitter.com\/swashapp\">https:\/\/twitter.com\/swashapp<\/a>)<\/p>\n\n\n\n<p>Telegram (<a href=\"https:\/\/t.me\/swashapp_group\">https:\/\/t.me\/swashapp_group<\/a>) <\/p>\n\n\n\n<p><strong><em>Q4 &nbsp;from telegram username @cryptofollower<\/em><\/strong><\/p>\n\n\n\n<p><strong>After adding Swash browser extension, how will my\nwallet fill with tokens and how can I get paid for my data? Do I have to stake\nany tokens for this?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Once installed, you don&#8217;t have to do anything! You\njust leave it on and it works for you in the background. You can stake tokens\nto earn more though<\/p>\n\n\n\n<p>&nbsp;<strong><em>Q5 &nbsp;from telegram username @Lucybabu1<\/em><\/strong><\/p>\n\n\n\n<p><strong>How important is the community to you? and How can\nwe collaborate or help you for the development of the project ??<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Swash is a community-first project. It&#8217;s entire\nethos and model is built on the power of redistributing value back to everyone\ninvolved. Swash works because all ecosystem stakeholders &#8211; people, businesses,\nand developers, are incentivised to participate.<\/p>\n\n\n\n<p>The best way to support\nis to spread the word! The bigger the community, the more value everyone gets\nin return<\/p>\n\n\n\n<p><strong><em>Q6 &nbsp;from telegram username @Shaa93<\/em><\/strong><\/p>\n\n\n\n<p><strong>The first wave solutions to be built on top of Swash\ncore technology include Data Union, sIntelligence, sApps, and sCompute. Can you\nintroduce these 4 core technologies<\/strong>?<\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Happy to.<\/p>\n\n\n\n<p>&#8211; Data Union:\nOptimising individual agency as a collective force by rewarding union members\nfor the value of their data<\/p>\n\n\n\n<p>&#8211; sIntelligence:\nBringing unique insights to businesses across all industries through a\ncustomisable, comprehensive web-based platform<\/p>\n\n\n\n<p>&#8211; sApps: Expanding the\nSwash ecosystem with the tools, community, and culture for building the next\nera of data solutions<\/p>\n\n\n\n<p>&#8211; sCompute: Uniting\ninnovation with access by making on-site data computation capabilities a\nreality<\/p>\n\n\n\n<p>Check out this blog (<a href=\"https:\/\/medium.com\/swashapp\/the-dawn-of-a-new-age-of-data-eff0d8b2f0a4\">https:\/\/medium.com\/swashapp\/the-dawn-of-a-new-age-of-data-eff0d8b2f0a4<\/a>\n) or whitepaper (<a href=\"https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf\">https:\/\/swashapp.io\/static\/files\/paper\/whitepaper-v1-july-2021.pdf<\/a>\n) for extra details!<\/p>\n\n\n\n<p><strong><em>Q7 &nbsp;from telegram username @cindy_crypto<\/em><\/strong><\/p>\n\n\n\n<p><strong>What kind of partnerships do you have with Chainlink\nand Ocean protocol?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong><\/p>\n\n\n\n<p>With Chainlink (<a href=\"https:\/\/swashapp.io\/blog\/swash-integrating-with-chainlink\/\">https:\/\/swashapp.io\/blog\/swash-integrating-with-chainlink\/<\/a>\n), we&#8217;re working with them to make proportional revenue distributions a\nreality. With Ocean Protocol, we were their Day 1 Ocean Market Data Launch\nPartners (<a href=\"https:\/\/blog.oceanprotocol.com\/announcing-ocean-market-data-launch-partners-3b531601e63a\">https:\/\/blog.oceanprotocol.com\/announcing-ocean-market-data-launch-partners-3b531601e63a<\/a>\n), we received a grant from Ocean Shipyard, and Bruce Pon (Founder) is one of\nour advisors.<\/p>\n\n\n\n<p><strong><em>Q8 &nbsp;from telegram username @nguyenben<\/em><\/strong><\/p>\n\n\n\n<p><strong>Swash, the world&#8217;s first and most successful Data\nUnion, is expanding into an all-inclusive data ecosystem. What is Data Union?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> A Data Union is an organised structure that works\nto manage and protect the interests of its members. As a result, those members\nhave greater power and control over how their data is collected, accessed, and\nused while receiving a portion of the profits generated.<\/p>\n\n\n\n<p>By rewarding people for\nthe value of their data, people can earn for activities they already do online\n&#8211; like surfing the web &#8211; enabling individuals to practice their data rights\nwhile celebrating their role as essential value providers in a thriving\nnetwork.<\/p>\n\n\n\n<p><strong><em>Q9 &nbsp;from telegram username @ItsMelissa3<\/em><\/strong><\/p>\n\n\n\n<p><strong>If we use Swash, data we already give away for free\nis captured while we surf. As I read Swash pools our data together with the\nother Swash members to create a Data Union, when data buyers purchase the data\nfrom that Data Union, its members receive their share of the profits generated.\nHow is the data value calculated? Is our sensitive data exposed? How are\nprofits divided? What percentage of the profits does the owner of the data\nreceive?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> The price of data is difficult to answer, as the\nindustry is notoriously shady. As Swash grows, we hope to shine light on that.\nRegarding what people can expect to earn, there has been research on it: Some\nestimate $5-10 per month, others estimate $200, some say $2000, and another\nsays up to $24K per year! The data industry is vast and the EU Commission pegs\nit at around $3 trillion dollars.<\/p>\n\n\n\n<p>Profits are currently\ndivided equally but we&#8217;re working on proportional distribution. No, your\nsensitive data isn&#8217;t captured in the first place.<\/p>\n\n\n\n<p><strong><em>Q10 &nbsp;from telegram username @NAZMP2<\/em><\/strong><\/p>\n\n\n\n<p><strong>How does swash works? Can yous share us how can we\nprofit from it?<\/strong><\/p>\n\n\n\n<p><strong>Chlo\u00eb | will never PM you first:<\/strong> Simply put, Swash captures, pools, and sells your\ndata on your behalf. When the data is purchased, those profits are\nautomatically redistributed back out to the people who contributed their data. <\/p>\n\n\n\n<p>Here&#8217;s how it affects\neach ecosystem stakeholder:<\/p>\n\n\n\n<p>For people:<\/p>\n\n\n\n<p>&#8211; Regain ownership and\nreceive passive income as they surf the web<\/p>\n\n\n\n<p>&#8211; Collectively invest\nvalue of data into social development<\/p>\n\n\n\n<p>&#8211; Exchange data value\nfor alternative ecosystem benefits<\/p>\n\n\n\n<p>For businesses:<\/p>\n\n\n\n<p>&#8211; Access high-quality,\nzero-party data at scale<\/p>\n\n\n\n<p>&#8211; Save time and money\nby eliminating intermediaries and reducing ad fraud and bots<\/p>\n\n\n\n<p>&#8211; Improve the\nreputation and sustainability of business practices<\/p>\n\n\n\n<p>For developers:<\/p>\n\n\n\n<p>&#8211; Accelerate innovation\ndue to improved access to diverse data<\/p>\n\n\n\n<p>&#8211; Be part of a new\ngeneration of data solutions<\/p>\n\n\n\n<p>&#8211; User acquisition\nthrough incentivisation mechanics and communication<\/p>\n\n\n\n<h2><strong>Part 3 \u2013 Quiz Results<\/strong><strong><em><\/em><\/strong><\/h2>\n\n\n\n<p>As usual, for the third\npart, Satoshi Club Team asked the chat 4 questions about the crypto project. A\nlink to a Quiz form was sent into the chat.<\/p>\n\n\n\n<p><strong>For\nmore information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\/\">https:\/\/t.me\/Satoshi_club\/<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\/\">https:\/\/t.me\/satoshi_club_ru\/<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\/\">https:\/\/t.me\/satoshi_club_spanish\/<\/a> <\/p>\n\n\n\n<p>Chinese Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_cn\/\">https:\/\/t.me\/satoshi_club_cn\/<\/a> <\/p>\n\n\n\n<p>Indonesian Telegram\ngroup: <a href=\"https:\/\/t.me\/satoshi_club_indonesia\/\">https:\/\/t.me\/satoshi_club_indonesia\/<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\/\">https:\/\/t.me\/satoshi_club_channel\/<\/a> <\/p>\n\n\n\n<p>Twitter: <a href=\"https:\/\/twitter.com\/realsatoshiclub\/\">https:\/\/twitter.com\/realsatoshiclub\/<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our\npartners:<\/strong><\/p>\n\n\n\n<p>Twitter : &nbsp;(<a href=\"https:\/\/twitter.com\/swashapp\">https:\/\/twitter.com\/swashapp<\/a>)<\/p>\n\n\n\n<p>Telegram: &nbsp;(<a href=\"https:\/\/t.me\/swashapp_group\">https:\/\/t.me\/swashapp_group<\/a>)\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Swash and our guests was @chloe_diamond. The AMA took place on 24 August. The AMA session was divided into 3 parts with a total crypto reward pool of 500$ In [&hellip;]<\/p>\n","protected":false},"author":66,"featured_media":11603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11706"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=11706"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11706\/revisions"}],"predecessor-version":[{"id":11709,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/11706\/revisions\/11709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/11603"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=11706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=11706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=11706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}