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All funds for the invite bounty have been allocated.
Payments have started with the users who posted their addresses in the #bounties channel.
I will be reaching out to the eligible users with missing addresses in the next couple days to finish the distribution.
Thanks everyone for your participation and for spreading the word about swapblocks!
The invite bounty is now closed!
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 Bounty Rewards have been increased 10x!!!!
Discord Invite BountyDiscord has proved to be the most effective community engagement platform for our project. That is why we want to grow our community by running a discord invite bounty. To participate join our discord server, create an unlimited invite link, start advertising our project and get people to join our channel through your link. The bounty rewards are below and will be paid out every Friday. Current SBX coin price is $0.0303 USD Current SBX coin price is $0.0303 USD
5 Invites: 1,000 SBX
10 Invites: 5,000 SBX,
50 Invites: 25,000 SBX
100 Invites: 50,000 SBX
1000 Invites: 500,000 SBX
Winners of the bounty will receive a direct message from someone from the Swapblocks team asking for a SBX address the Friday after being eligible for the bounty. The easiest way to create a swapblocks wallet is at https://paper.swapblocks.ioCustom bounties may be given out for bounty hunters with >1000 Invite WHAT IS SWAPBLOCKS?Swapblocks is a marketplace platform that takes a new approach to digital asset issuance, exchange and market governance. Swapblocks enables financial institutions to automate many of the mundane operational and legal processes currently required to issue and exchange inter-financial assets, reducing the back-office and legal cost. In addition to cost savings organizations can use swapblocks for provable data-integrity and greater liquidity.
WHAT'S THE PLAN?
Swapblocks is currently working to raise capital to build out the beta asset transfer protocol and an interest rate swap product on the beta platform. We are also looking to add developers and advisers to our growing team. We are always looking for community members who share the vision for decentralized financial markets and flexible asset governance. If you would like be a contributor to our young and growing community then we're interested in hearing from you. We believe the community is the backbone of this revolution and hope to maintain open and frequent dialogue with you.
STAY UPDATED
website
bitcointalk
facebook
twitter
telegram
discord |
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We are now multiplying the invite rewards by 10!
5 Invites: 1,000 SBX
10 Invites: 5,000 SBX,
50 Invites: 25,000 SBX
100 Invites: 50,000 SBX
1000 Invites: 500,000 SBX
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Free forging period has ended, anyone with enough voting weight can now forge!
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This bounty has now ended
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Initial coin distribution has started, we will now send out coins within 1 business day of receiving a contribution
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About the assets swap capability on SWAPBLOCK, what kind of assets that can be swap using SWAPBLOCK?
will this only function on any coins related with SWAPBLOCK only?
Yes this will only work with assets that are registered on swapblocks or available through ark's smart bridge. Any asset can be added, including pegged assets which can be withdrawn from the issuer |
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So this SWAPBLOCK will be removing the influence of the middle man, and that will makes the excess fee that usually goes to the middle man will be removed, that way will reduce the excess cost for every transaction.
Yes exactly! It's hard to pinpoint the exact cost of the middleman considering that data is private, but for products like Interest rate swaps, the cost of the middleman is in the $1,000,000 - $2,000,000 range. |
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WHAT IS SWAPBLOCKS? Swapblocks is a DPOS blockchain platform for automating compliance workflows with permissioned smart contracts. Our codebase is based on Ark's 51 delegate DPOS system. Read our whitepaper for more info.
WHY ARK? The blockchain component of swapblocks is being used for transaction lineage and data integrity. We chose ARK because of the modular codebase, pre-built tools and the ability to interact with other blockchains.
THE PROBLEM Financial institutions spend exorbitant amounts of money on compliance. Banks alone spend ~$270 billion a year on
compliance-related costs. This cost is expected to increase to ~$540 Billion per year by 2022. Financial institutions develop in house database systems and processes to ensure they stay in compliance. When financial institutions
trade with each other, each party must record their own versions of the transaction in compliance with regulation as well as their own business rules.
SWAPBLOCKS SOLUTION Swapblocks streamlines the compliance process by acting as a neutral bridge between organizations.
Documentation can be sent through the network as part of the transaction and the integrity of old documents can be
verified by checking against the hash stored on the blockchain. This allows compliance documentation to flow between entities as they trade the asset, eliminating much of the duplication of work currently done today.
MORE BENEFITS Assets can be swapped directly on swapblocks through an asset swap transaction, effectively rendering swapblocks a decentralized escrow service.
The decentralized exchange functionality will allow users to post, find and fill orders enabling greater price discovery for high value/low volume assets such as interest rate swaps bonds, and high quality liquid assets.
SBX Currency SBX is the native currency of swapblocks and there were 100 Million SBX created in the genesis block. You can purchase up SBX here.
Forging Rewards5 SBX for the first 1500000 blocks
4 SBX for blocks 1500001 - 3000000
3 SBX for blocks 3000001 - 4500000
2 SBX Thereafter
8 Second block time
WHAT'S THE PLAN? Swapblocks is currently in phase 2 of the roadmap and looking for community members who share the vision for decentralized financial markets and flexible asset governance. If you would like be a contributor to our young and growing community then we're interested in hearing from you. We believe the community is the backbone of this revolution and hope to maintain open and frequent dialogue with you.
RESOURCES
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Bounty Rewards have been increased 10x!!!!
Discord Invite BountyDiscord has proved to be the most effective community engagement platform for our project. That is why we want to grow our community by running a discord invite bounty. To participate join our discord server, create an unlimited invite link, start advertising our project and get people to join our channel through your link. The bounty rewards are below and will be paid out every Friday. Current SBX coin price is $0.0303 USD
5 Invites: 1,000 SBX
10 Invites: 5,000 SBX,
50 Invites: 25,000 SBX
100 Invites: 50,000 SBX
1000 Invites: 500,000 SBX
Winners of the bounty will receive a direct message from someone from the Swapblocks team asking for a SBX address the Friday after being eligible for the bounty. The easiest way to create a swapblocks wallet is at https://paper.swapblocks.ioCustom bounties may be given out for bounty hunters with >1000 Invite WHAT IS SWAPBLOCKS?Swapblocks is a marketplace platform that takes a new approach to digital asset issuance, exchange and market governance. Swapblocks enables financial institutions to automate many of the mundane operational and legal processes currently required to issue and exchange inter-financial assets, reducing the back-office and legal cost. In addition to cost savings organizations can use swapblocks for provable data-integrity and greater liquidity.
WHAT'S THE PLAN?
Swapblocks is currently working to raise capital to build out the beta asset transfer protocol and an interest rate swap product on the beta platform. We are also looking to add developers and advisers to our growing team. We are always looking for community members who share the vision for decentralized financial markets and flexible asset governance. If you would like be a contributor to our young and growing community then we're interested in hearing from you. We believe the community is the backbone of this revolution and hope to maintain open and frequent dialogue with you.
STAY UPDATED
website
bitcointalk
facebook
twitter
telegram
discord
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