Forbes thinks Swarm.Fund can bring crypto into the mainstream

[NoiseBoy]

It's worth pointing out that forbes.com/sites/ articles are essentially just blog posts, and are not part of the Forbes publication or editorial process.

That said, inasmuch as most people are completely oblivious to that /sites/ part of the URL, the impact of the post will be almost as if it were straight from Forbes. The hard part is getting it in front of peoples' eyes, as it won't be something you can easily find from the Forbes.com main page (and it won't be in the print publication).

[evski]

the ico had been pushed back to Oct 21st:

Swarm Fund has extended the pre-sale period and will open the SWM public token sale from October 21 to October 27. We came to this decision after conferring with our legal and institutional partners, and realizing we needed additional time to accommodate the shifting regulatory landscape.

On September 7th Swarm briefly opened a public sale and then switched to an ambassador-only pre-sale. Refunds were given to any unsatisfied participants in the short public sale, which were taken up by 5.3 percent of all crowdsale transactions, representing $75K. Since then, additional pre-sale funds of $2.5M for a total of $4.7M have been committed to date.

We chose this revised schedule in light of the following:

    Continued Token Swap: To accommodate Swarm token holders who were unable to participate in our token swap; particularly since Poloniex has now agreed to allow holders of Swarm 1.0 tokens to transfer them off their platform. More information to be released shortly.

    Asia: In consideration of investors in Asia who have requested more time to participate in the sale as they navigate the regulatory situations across the region.

    US Investor Accreditation: As we want to be as inclusive to the investor community while legally compliant, we are using the additional time to make the process as simple as possible for US-based investors to navigate any accreditation hurdles to participation. More information to be released shortly.

    Community Involvement: We have received ample feedback on the liquidity release feature of the SWM Token. Since we are building Swarm as a platform based on community participation, and are launching with a product that puts decisions in the hands of the Swarm community, we are taking this time to incorporate relevant suggestions that will improve all aspects of this offering. As we close the sale, our liquid democracy platform will be operational with the Swarm Token holder community voting to decide on the liquidity schedule, as well as the appointment of board members.

We believe this new process and timeplan gives the community the best access and time to participate, while simultaneously providing us with the opportunity to do this in a much more safe and compliant way, via auditing all steps of the process. Within this new procedure and time schedule, we are able to continue with the pre-established token pricing curve, while holding true to the initially promised first token liquidity (moved by three days to November 6th).

As part of our roadshow, we have traveled to Los Angeles and New York City, as well as six other countries over the past week. The reception has been extremely positive from the institutional finance world, private wealth management and others in the broader financial community.

We strive for transparency in our processes, and are equally committed to deliver real value from day one, particularly in the current, and dynamic landscape. When the first liquid democracy vote goes live on 10/31, Swarm Token holders will be asked to participate in their first voting process, in order to appoint the Board and the go forward liquidity schedule for Swarm Tokens. This indoctrinates them as a part of liquid democracy, engaging all Swarm members directly in deciding the future of the platform.

We are very excited about the overall community’s enthusiasm for this project, and the positive feedback we are receiving. It’s truly helping us shape this venture and ensures it evolves in the best possible way.

Official time schedule for the sales process:

    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

[republic_of_crypto]

really appreciate their explanation for the delay

very thorough and well reasoned

[babsjoe]

Mainstream usually try to catchbup with forbes! It has a wide readership and definitely will mode public opinion! For me any coin or project that will advance tge cause of bkockchain, decentralization and core satochi ideas, I'm all for it!

[slaman29]

Remember that Forbes also featured OneCoin on their coverpage, saying that their CEO was an awesome woman and the business was one of the best models for modern corporate. We all know now OneCoin was a proven scam and pyramid scheme, and had nothing to do with actual crypto and swarm. The lesson here is, don't believe everything you read. Even experts can get it wrong sometimes. And by the way, Forbes is not a crypto expert!

[kachimasu]

Forbes built a great brand, great for pumping and making money, you own the media you own everything...

[evski]

regardless of personal feelings about Forbes and what they represent or stand for, it represents the mainstream financial establishment perhaps more than any other media outlet. the fact that they are covering swarm fund is significant

[DanWalker]

I like Swarm.Fund project. They trying to make better and easier investments in real assets for common people. If their ICO would be succeed (I hope it will) Forbes turns to be right for sure

[evski]

I like Swarm.Fund project. They trying to make better and easier investments in real assets for common people. If their ICO would be succeed (I hope it will) Forbes turns to be right for sure

yeah, the project should really open up way more investment opportunities to a lot more people with less capital to work with

[republic_of_crypto]

imagine being able to invest in a real estate deal with only 1k

investment opportunities like there are relatively safe and offer high returns but until now were only available to those with way more capital

[evski]

this is exactly what is game changing about Swarm Fund

it could result in massive wealth distribution as a certain category of investment opportunities all of a sudden become available to many more people

[republic_of_crypto]

this is exactly what is game changing about Swarm Fund

it could result in massive wealth distribution as a certain category of investment opportunities all of a sudden become available to many more people

this is a very exciting possibility for swarm fund, this is the kind of disruption that really makes crypto shine

[evski]

Great recent interview with Philipp Pieper, partner and co-founder of Swarm Fund:

http://blockchain-finance.com/2017/10/02/interview-swarm-fund-on-using-blockchain-for-investing-icos-and-regulation/

[evski]

I think two more days and after that #tothemoon

What happens in 2 more days?

The ico starts on the 21st of October and concludes on the 26th. 

We won't see the Swarm token being traded on exchanges until shortly after the ico concludes

[evski]

the ico is live! looks like things are going really well so far