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Author Topic: SwiftCash - Digital Store of Value - P2P - Decentralized Governance & Economy.  (Read 1925 times)
msg768
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November 03, 2018, 04:12:40 AM
Last edit: October 14, 2019, 11:00:30 PM by msg768
 #1

SwiftCash v2.1.1
Digital Store of Value
Peer-To-Peer Cryptocurrency
Decentralized Governance & Economy

Whitepaper: https://www.swiftcash.cc/assets/whitepaper.pdf

Introduction
SwiftCash is an open-source, self-funded system of decentralized governance and economy born out of a desire to create a digital store of value with a consistent and stable growth model, as well as a peer-to-peer cryptocurrency for daily transactional use. SwiftCash uses the revolutionary Proof-of-Stake algorithm to reach consensus and allows up to 70% of future block rewards to be spent on proposals that are embraced by the community — stakeholders. Therefore, 30% of maximum monthly inflation goes directly to stakeholders who help secure the network, and whether the rest is mined or how it’s spent will also be decided by the stakeholders.

The revolutionary Proof-of-Stake algorithm offers a solution to the problem posed by the exponential increase in energy consumed by Bitcoin, and other Proof-of-Work cryptocurrencies. Proof-of-Work mining is environmentally unsustainable due to the electricity used by high-powered mining hardware and anyone can attack the network and double spend by acquiring 51% of the network’s hash power. SwiftCash utilizes the green protocol, an energy-efficient Proof-of-Stake algorithm, which can be mined on any computer, and will never require specialized mining equipment. The green protocol offers a simple solution to sustainability issues posed by Bitcoin and other Proof-of-Work cryptocurrencies, and provides a faster, and more scalable blockchain that is better suited for daily transactional use.

Mining - The superiority of PoS over PoW
A lot of Proof-of-Work cryptocurrencies have come under what is known as 51% attacks, since their invention. These attacks are possible only when the exploiter can acquire more than half of the network’s hash power, often by renting this power from online businesses such as nicehash. One common solution to these attacks on Proof-of-Work networks is to centralize the mining of blocks. In this method, miners are required to sign each block with a private key that is issued by central authorities, such as the developers. Proof-of-Stake mining on the other hand, which is also known as “staking”, is fully decentralized. Anyone with a stake in the blockchain can try to find and register new blocks, and a 51% attack is going to require the attacker to acquire 51% of the network’s active stake that is online and staking.

Therefore, the more stakeholders participate in mining or staking, the more secure the network becomes, as the cost of an attack increases. This is reflected in what is known as the difficulty. With Proof-of-Work mining, the attackers can invest in a strong mining infrastructure once, and use it to attack as many Proof-of-Work blockchains as they want, whereas with Proof-of-Stake mining, also known as “staking” or “minting”, the attackers will have to invest in each blockchain individually, and each time they attack a blockchain, they also attack their own investment! Another thing that makes Proof-of-Stake mining a better solution, is saving money on energy costs and being friendly to the environment. To give an example of how extraordinary the difference is, it might be noteworthy to point out that Bitcoin mining for example, at the time of writing this, consumes more electricity a year than the whole country of Ireland! And last but not least, the revolutionary Proof-of-Stake algorithm gives the inflation to stakeholders rather than third-party miners, who may not be invested in the blockchain.

Technical Specifications
Block Time: 1 minute
Difficulty Adjustment Timespan: 40 blocks
Difficulty Adjustment Interval: Every block
Hashing Algorithm: Keccak
Maximum Supply: 5,000,000,000
Maximum Block Rewards: (20×200×525600)÷(20×525600+blockHeight)
Minimum Block Rewards: (20×60×525600)÷(20×525600+blockHeight)
Distribution: SwiftNodes: 20%, PoS Miners: 10%, Rewards/Budgets: 70%
Proposal Fee: 100 SWIFT
Budget Fee: 10 SWIFT

Initial Distribution
SwiftCash started with less than 2% of its maximum supply, with forkdrops on most SmartCash addresses as of September 1st, 2018. More details about the initial distribution can be found in the earlier editions of the whitepaper on STEEM and GitHub.

Decentralized Governance
SwiftCash uses a decentralized system of governance to reach consensus about the direction and scope of development, support and outreach activities. Higher stake will have higher voting power and so this way, all key decisions will ultimately be made by active stakeholders. In order to be able to vote, stakeholders need to setup and maintain a SwiftNode, also known as a Masternode. SwiftNodes require 50K SWIFT, plus a VPS, as well as a unique IPv4 address.

Our vision of governance is that proposals can even be submitted to hard fork the main chain, and if enough stakeholders want to fork, who can stand in their way?! After all, the blockchain belongs to stakeholders and therefore, it is crucial for stakeholders to continue to be actively involved in key decisions by voting yes, no or abstain to proposals. SwiftCash does not have any hard-coded address that is going to continually get paid, no matter what. Each payment from the community treasuries needs approval from stakeholders through proposals and onchain voting. This includes any payment made to developers, or anyone else involved in the community. Everyone has to go through the same process to get paid anything from the budget. Stakeholders will have the final say at the end of the day, and will hire and fire contractors as pleased.

A maximum of 70% of our theoretical block rewards are set aside for budgeting, out of which currently 10% are set aside for SwiftRewards and 20% for HODL rewards. The percentage of future block rewards set aside for SwiftRewards is expected to rise by 1% every year until it reaches 40% in 2049. That means budget ceiling for other activities such as funding development is expected to decline 1% every year until it reaches 10% in 2049. If the total budget is used every month, maximum supply of 5 billion coins will reach in about 185 years. However, given past data, this is an extremely unlikely scenario. The more likely scenario will be that at least about 30-40% of the theoretical block rewards will turn into future reserves, which means that it will take us more than 500 years to run out of block rewards, and rely on fees and donations only.

Proposals & Budgets
The cost for submitting a proposal is 100 SWIFT and once a proposal passes, 10 SWIFT will be required to finalize the budget in the blockchain, so that passed proposals can get paid in the next superblock. Superblocks are a few blocks, in which proposals that have passed get paid, and this happens every 43,200 block or appx. every month. Proposals need to be submitted and available on chain for at least 10 days before they can be finalized and get paid. Finalization happens 2 days before each superblock; therefore, the deadline for each submission is 17,280 blocks or appx. 12 days before each superblock.

Each proposal can only ask for a maximum of 20% of the maximum monthly budget. In case there are more winning proposals than the maximum available budget, proposals with more votes will be finalized and get paid. Each proposal will need a minimum of 10% of the network in yes votes(Yeas), minus no votes(Nays), in order to pass. That means if there are 1,000 SwiftNodes, a proposal will need at least 100 Yeas vs. 0 Nays, or 150 Yeas vs. 50 Nays in case of a 20% participation rate. Therefore, the lower the participation rate, the more the required passing point. This means that in case of 100% participation, required passing point will be 55%, whereas in case of 10% participation, which is the minimum participation rate required for any proposal to pass, required passing point will be 100%. That is to say if only 10% participate, everyone who participates must vote yes for the proposal to pass.

Due to the nature of continuously diminishing block rewards and its effect on the markets, only a maximum of 3 payments per proposal can be asked for. Longer-term proposals will need to be re-submitted every 3 months; votes can be updated one hour after each submission, and that includes votes on proposals that have already passed and got paid once or more. Furthermore, a URL must be attached while submitting a proposal, which should include the details of the proposal. The recommended platform for the details of proposals and also any pre-proposal is the STEEM blockchain which is not only independent from SwiftCash, but also decentralized and resistant towards censorship. Recommended hashtags for SwiftCash proposals and pre-proposals are #swiftproposal and #swiftpreproposal respectively.

SwiftRewards — Beating the Bears
The idea behind SwiftRewards is a way to not only help stabilize the price, but to also reward long-term holders, in case price depreciates. The more price depreciates, the more rewards would holders receive. If however price does not depreciate, there would be no airdrops on holders. Minimum required balance to be eligible for SwiftRewards will be 1,000 SWIFT, and any outgoing transaction from an address during any snapshot will disqualify that address, unless it’s a Proof-of-Stake transaction, or all of the value taken, is returned to the address in the same transaction. In this case, up to 0.005 SWIFT is covered for fees and if the transaction fee is greater than 0.005 SWIFT, it can be covered via an extra input from an address that is already disqualified. This is pretty useful if a SwiftNode owner wants to stake the rewards of their SwiftNode in one collateral. Last but not least, in order to filter zombie addresses, only addresses are rewarded that have had at least one valid transaction during the specified snapshot. This can happen automatically, in case the address stakes or has an active SwiftNode collateral during the snapshot. There will be 4 tiers of SwiftRewards with 1440 blocks grace period for each:

Tier 1: Every 43,800 block - appx. 1 month
Tier 2: Every 131,400 block - appx. 3 months
Tier 3: Every 262,800 block - appx. 6 months
Tier 4: Every 525,600 block - appx. 12 months

As a result, there would be one possible airdrop each month, two possible airdrops every three months, three possible airdrops every six months and four possible airdrops every twelve months. As mentioned above, those who hold longer, would be rewarded more, if price depreciates; and the more price depreciates, the more rewards will be dropped on holders! These airdrops will be done by community ambassadors via a multisig address and the required funds and elected ambassadors will need to gain approval from stakeholders via a proposal. SwiftRewards will be a maximum of 4%, 3%, 2% and 1% of block rewards for tier 1, 2, 3 and 4 respectively in year 2019 - i.e. a maximum total of 10% of future block rewards. By 2049, SwiftRewards will be a maximum of 16%, 12%, 8%, and 4% of block rewards for tier 1, 2, 3 and 4 respectively.

Given the allocation of maximum 10% of block rewards to SwiftRewards in 2019, for tier 1, each 1% drop in the average price from the start of the snapshot to the end, results in 0.08% of future block rewards being dropped on holders. First snapshot for each tier begins one snapshot late to make things fair to the future adopters. That means, first snapshot for tier 1 will start at block 43,800 while first snapshot for tier 4 will start at block 525,600. To give an example, if the average price is recorded as 0.10 USD at block 43,800 and then becomes 0.075 USD by block 87,600, holders will receive 2% of the block rewards during that period. That is 25 times 0.08% due to 25% drop in the average price. Price drops of more than 50% will not affect the amount of airdrop, since the maximum amount of available coins to airdrop will be reached.

HODL Deposits & HODL Rewards
HODL deposits and rewards imitate term deposits in traditional banking. The idea is that users can lock their coins in the blockchain for a set period of time and be rewarded for doing so. The rewards come from future inflation also known as the budget. HODL rewards need approval from the community just like SwiftRewards. The proposed and accepted rate within the community is 2/3rd of the minimum inflation for a 1-year deposit. For 6-months, 3-months, and 1-month deposits, the annual rate is 25%, 50%, and 75% less than the best rate. Having said that, 20% of the maximum block rewards are set aside for HODL rewards.

HODL deposits are also eligible for SwiftRewards too, as long as the owners make sure their address is not disqualified by turning into a zombie. This can be achieved by sending a small amount of SWIFT to the HODL address during each snapshot. HODL deposits cannot be used for staking or running a Masternode/SwiftNode. They are specifically designed for super-passive investors. HODL rewards are paid in advance upon approval and cannot be spent until maturity.

Block Rewards & Inflation
Block rewards are set to be only 15 SWIFT per block up to block 10,000. This is to make the launch fair and give the community about one week to set up their wallets for staking and/or servers for SwiftNodes. From block 10,000 rewards will start with 200 SWIFT per block theoretically, but only 30% of this amount will be mined every block, which will be split between SwiftNodes and PoS miners, with a ratio of 2 to 1. The rest of the theoretical block rewards are set aside for budgeting, and will only be mined on demand via proposals, should enough stakeholders or SwiftNode owners to be specific, vote yes.

Block rewards are set to fall gradually to zero and the gradual curve is very slow and becomes even slower as time goes by. It will take 20 years for block rewards to halve for the first time; second halving will take an additional 40 years, third halving will take an additional 80 years, and so on. This gives us a maximum inflation of appx. 120% in the first year, 54% in the second year, and so forth. Maximum inflation however is most likely not going to occur due to unused treasuries which turn into future reserves.

Furthermore, as an example, Bitcoin has mined over 80% of its maximum supply in less than 12 years, and Litecoin has mined over 70% of its maximum supply in less than 8 years, while if we consistently use the whole budget, which is very unlikely as explained above, it is going to take us 30 years to reach 40% of our maximum supply! That is great news for future adopters and we do this because we have a long-term goal; what we want is a decentralized cryptocurrency and economy to benefit everyone in the world in decades to come. The following chart depicts the annual inflation of SwiftCash within the first 17 years, with the assumption that 30% of the theoretical block rewards will turn into future reserves due to unused treasuries. As depicted below, annual inflation in the first year would be about 90%, and would reach 2% in the 17th year.



SwiftCash monetary base with the same assumption that 30% of the theoretical block rewards should turn into future reserves, will look like below. As it can be seen, it will take us more than 500 years to reach our maximum supply of 5 billion coins.



In order to get an insight into how slow our block rewards are going to decrease, we can have a look at the following chart which depicts the SwiftNode rewards in the first 60 years. As it can be seen, SwiftNodes will initially get about 40 SWIFT per block, and by the end of the 60th year, they will be getting about 10 SWIFT per block. The radically slow curve is designed by intention to not only stabilize the price as we grow, but to also decentralize the distribution of block rewards by making inflation fairer to future adopters, compared to most cryptocurrencies out there.



Website & Social Media:
Website: https://swiftcash.cc
Facebook: https://www.facebook.com/swiftcashcc
Github: https://github.com/swiftcashproject
Twitter: https://twitter.com/swiftcashcc
Telegram: https://t.me/swiftcashcc
Discord: http://discord.swiftcash.cc
STEEM: https://steemit.com/@swiftcash

Relevant Tools:
Block Explorer: https://explorer.swiftcash.cc/
Wallets(Windows, Mac, and Linux): https://swiftcash.cc/wallets.html
Web/Mobile Wallet: https://wallet.swiftcash.cc/
Coinbin: https://coinbin.swiftcash.cc
Paper wallet: https://address.swiftcash.cc/
CoinMarketCap: https://coinmarketcap.com/currencies/swiftcash/
Coingecko: https://www.coingecko.com/en/coins/swiftcash
MNTrend: https://mntrend.com/en/currencies/SWIFT
MasterNodeCap: https://masternodecap.com/coins/SWIFT
MNO: https://masternodes.online/currencies/SWIFT/

Exchanges:
https://steem-engine.com/?p=market&t=SWIFTP
https://crex24.com/exchange/SWIFT-BTC
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.BTC
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.LTC
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.DOGE
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.BTS

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msg768
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November 03, 2018, 04:25:59 AM
 #2

Pool reserved

Not quite sure what you mean.
SwiftCash is based on the PoS algorithm so there won't be any traditional mining and therefore no pools.

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November 03, 2018, 04:43:04 AM
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no mining no future, pos is the lod mode,guys
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November 03, 2018, 04:54:36 AM
 #4

Sorry, i dont read all post)
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November 03, 2018, 05:10:19 AM
Last edit: November 03, 2018, 06:00:58 AM by msg768
 #5

no mining no future, pos is the lod mode,guys

It's not that simple. Our initial supply is on the majority of a very strong community that made a lot of noise for more than a year. PoW doesn't work anymore. It may continue to work with early coins like BTC and LTC but new coins can't secure themselves against 51% attacks without centralizing mining which is what smartcash has done too but we are 100% against centralization of anything. And I'd rather people invest their money in the blockchain itself than in graphic cards or asics, and remain friendly to the environment by using a lot less energy while doing the same job that traditional miners do.

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November 04, 2018, 11:34:00 PM
 #6

Introducing SwiftCash
Decentralized Governance & Economy
The SplitFork of SmartCash That Gives Power Back To The Community


Introduction
SwiftCash is the SplitFork of SmartCash as of block 633,000 - appx. 1st of September 2018 09:53:00 GMT. Driven by strong divisions between the community and the core team(SmartHives), about 80% of the total supply which was believed to be mostly controlled or owned by the core team(SmartHives), exchanges, hackers or exploiters, was burned which then turned into a unique experience with an amazing initial decentralization of power, supply ownership, as well as inflation. SwiftCash is an open-source, decentralized, peer-to-peer transactional cryptocurrency which also offers a solution to the problem posed by the exponential increase in energy consumed by Bitcoin, and other Proof-of-Work cryptocurrencies. Proof-of-Work mining is environmentally unsustainable due to the electricity used by high-powered mining hardware and anyone with 51% hash power can control the network and double spend. SwiftCash utilizes the Green Protocol, an energy efficient Proof-of-Stake algorithm inspired by Bitcoin Green, can be mined on any computer, and will never require specialized mining equipment. The Green Protocol offers a simple solution to Bitcoin sustainability issues and provides a faster, more scalable blockchain that is better suited for daily transactional use.

Mining - PoW vs. PoS
One common solution to 51% attacks on Proof-of-Work networks is to centralize mining which is a method adopted also by SmartCash after the chain was hacked over three times. In this method, miners are required to sign the blocks with a private key that is issued by central authorities, such as the developers. This is the main reason why we could not hard fork the main chain, apart from the fact that the core team controlled the majority of the total supply as well as the budgets. With SwiftCash however, mining will be based on the Proof-of-Stake algorithm, and therefore fully decentralized. Anyone with a stake in the blockchain can try mining new blocks, and a 51% attack is going to require the attacker to buy or own 51% of the total stake, which is being used to mine new blocks. Therefore, the more stakeholders participate in mining, the more secure the network becomes, as the cost of an attack increases. With Proof-of-Work mining however, the attackers can invest in a strong mining infrastructure once, and use it to attack as many PoW blockchains as they want, whereas with PoS mining, the attackers will have to invest in each blockchain individually, and each time they attack a blockchain, they also attack their own investment! Another thing that makes PoS mining a better solution is saving on energy and being friendly to the environment. To give an example of how extraordinary the difference is, it might be noteworthy to point out that bitcoin mining for example consumes more electricity a year than the whole country of Ireland! This is while PoS mining does not depend on hash power and therefore, only uses as much electricity as any average computer or phone does.

Technical Specifications
Block Time: 1 minute
Difficulty Adjustment Timespan: 40 blocks
Difficulty Adjustment Interval: 1 block
Algorithm: Keccak
Max Supply: 5,000,000,000
Theoretical Block Rewards: floor(0.5 + 4000 * 525600) / (8*525600 + nHeight - 10000 + 1)
Proposal Fee: 100 SWIFT
Budget Fee: 10 SWIFT
Distribution:
1. SwiftNodes: 20%
2. PoS Miners: 10%
3. SwiftRewards: 10%
4. Budgeting: 60%

Forkdrops
The following rules were used to burn almost half of the circulating supply, and more than 80% of the total supply of SmartCash, as of block 633,000. Some of these rules have overlaps and therefore, the total amount that was burned is less than the sum of the following amounts. Rule number one is a no-brainer, and with this rule, no exceptions were made. Plus the snapshot date was chosen on a date that no one knew about this fork, including those who decided to fork away later in September. The majority of the addresses in rule number two were either known exchanges or linked to hives, which is why the 500K cap seemed like a good option to filter the few others which may also be indirectly linked to whales, exchanges and hives - one exception prior to launch was made to this rule after a community member contacted us during the dispute period. Rule number three, once again had a lot of overlaps with other rules, which is why 2M seemed like a good cap to choose, in order to filter the few others which may also be indirectly linked to exchanges and hives. Rule number four was meant to target exchanges, and also the SmartNode exploiter(s). 200 transactions in one address was highly uncommon and most addresses had a maximum of 80 transactions, including SmartNodes that had been running from the very start. Rule number five seemed like a good cap for abandoned change addresses. Rule number six was mostly applicable to Cryptopia and HitBTC’s known addresses which again had significant overlaps with the other rules. Rule number seven was decided by the majority of the community involved with the fork, as it was believed that Ben’s proposal was mostly voted yes by the core team(SmartHives) rather than the community. It might be noteworthy that rule number seven also had about 11M overlap with the other rules. Some exceptions with this rule were made after a few community members reached out to us during the dispute period. Rule number eight would again be a no-brainer, as those few addresses were controlled by SmartHive coordinators.

1. Any address directly paid from any hive - appx 220M coins
2. Any address with a balance greater than 500K - appx 120M coins
3. Any address with total received greater than 2M - appx 240M coins
4. Any address with more than 200 transactions - appx 23M coins
5. Any address with a balance less than 1 smartcash - appx 2500 coins
6. Known exchanges and pools - appx 22M coins
7. Any address that has voted yes to Ben Swann’s proposal - appx 16M coins
8. All the hives and community budget - appx 1.2B coins

Objections
After finalizing the list, an announcement was made on steemit about how users can still settle any dispute they wish with the community after launch via proposals and the new onchain governance. It is obvious and undeniable that these rules have not affected the majority of the community, and any accusation about the rules or the date of snapshot favoring those in charge of the snapshot and forkdrops falls extremely short, after looking into Ben Swann’s proposal. A proposal that the organizers and supporters of this fork were radically against only had about 9M no votes. More than 2M of those votes are also blacklisted due to some of the rules mentioned above, most of which are directly linked to the core team(SmartHives), yet no exceptions were made for those either, and if assuming the remaining of appx. 7M coins are somehow intentionally whitelisted with such a design, which is highly unlikely to even be true, it would still be nothing compared to approximately 300M initial supply via the forkdrops, which further establishes the initial claim that the new chain is radically decentralized in terms of ownership of the circulating supply.

Onchain Governance
Manual handling of the treasuries by SmartCash founders might be one of the main reasons why things went so wrong. The main excuse for not adopting onchain governance was to allow every coin to have a voice over proposals. This was to combat onchain voting with MasterNodes in blockchains like Dash, where a MasterNode would cost over 200K USD. With SwiftCash however, collaterals for SwiftNodes will require 20K SWIFT, and owning a SwiftNode would be extremely cheap compared to coins like Dash and PIVX. The 20K collateral was chosen by the community who was involved in this fork, and is of course like most things open to change in the future. Our vision of onchain governance is that proposals can even be submitted to hard fork the main chain, and if enough stakeholders vote yes, who should stand in their way? After all, the blockchain belongs to the stakeholders. This was supposed to be the vision of SmartCash as well, which has taken a completely different path. To make sure that does not happen with SwiftCash, we decided that there should be no core team, teams or hives but rather individual contractors selected by the community via onchain voting and governance. There is no hard-coded address that is going to continually get paid no matter what. Each payment will need to be approved by the community through proposals and onchain voting and governance. That includes the developers, admins and anyone else involved in the community. Everyone has to go through the same process to get paid anything from the budget. Stakeholders will have the final say at the end of the day and will hire and fire people as pleased. The only exception to this design is made for the initial development costs where a contractor has accepted to give us a custom codebase for 1M coins in the new chain, as without the core wallet, there is no way to have a chain to begin with, let alone onchain voting and governance. Everyone else, including those who have been contributing to the project before launch will need to submit a proposal to get reimbursed for their time and any costs, should the community vote yes. Having said that, a maximum of 70% of our theoretical block rewards are set aside for budgeting, out of which 10% are set aside for SwiftRewards. If the total budget is used every month, maximum supply will reach in about 70 years. However, given our experience with SmartCash, this is an extremely unlikely scenario. The more likely scenario will be that about 30-40% of the block rewards will not be used which means that it will take us much longer to run out of block rewards, and rely on fees and donations only.

Proposals & Budgets
The cost for submitting a proposal is 100 SWIFT and once a proposal passes, 10 SWIFT will be required to finalize the budget in the blockchain, so that it can get paid in the next super block. Superblocks are a few blocks, in which proposals that have passed get paid, and this happens every 43800 block or appx. every month. Proposals need to be on chain for at least 10 days before they can be finalized and get paid. Each proposal can only ask for a maximum of 20% of the available monthly budget. In case there are more winning proposals than the maximum available budget, proposals with more votes will be finalized and get paid. Each proposal will need a minimum of 10% of the network in yes votes minus no votes, in order to pass. That means if there are 10,000 SwiftNodes, a proposal will need at least 1000 yes votes minus no votes, such as 1500 yes votes vs. 500 no votes in case of a 20% participation rate. Therefore, the lower the participation rate, the more the required passing point. This means that in case of 100% participation, required passing point will be 55%, whereas in case of 10% participation rate, which is the minimum participation rate required for any proposal to pass, required passing point will be 100%. Another rule for participation rate is that each proposal will need to be within 10% of the maximum participation rate in order to pass. That is if the maximum participation rate at any given time is 50%, any proposal with less than 40% participation rate will not pass. Due to the nature of continuously diminishing block rewards and its effect on the markets, only a maximum of 3 payments per proposal can be asked for. Longer-term proposals will need to re-submit their proposal every 3 months. Last but not least, a minimum of 100 votes is required for any proposal to pass, and votes can be updated one hour after each submission, and that includes votes on proposals that have already passed and got paid once or more. Furthermore, a URL must be attached while submitting a proposal, which should include the details of the proposal. The recommended platform for the details of proposals and also any pre-proposal is the STEEM blockchain which is not only independent from SwiftCash, but also decentralized and resistant towards censorship. Recommended hashtags for SwiftCash proposals and pre-proposals are #swiftproposal and #swiftpreproposal respectively.

SwiftRewards
The idea behind SwiftRewards will be a way to not only help stabilize the price, but to also reward long term holders, in case price depreciates. The more price depreciates, the more rewards would holders receive. If however price does not depreciate, there would be no airdrops on holders. Minimum required balance to be eligible for SwiftRewards will be 1000 SWIFT, and any outgoing transaction from an address during any snapshot will disqualify that address, unless it’s a PoS transaction where more amount is returned to the address in the same transaction. Given the initial design, there will be 4 tiers for SwiftRewards:

1. Tier 1: Every 43,800 block - appx. 1 month
2. Tier 2: Every 131,400 block - appx. 3 months
3. Tier 3: Every 262,800 block - appx. 6 months
4. Tier 4: Every 525,600 block - appx. 12 months

Given the initial design, there would be one possible airdrop each month, two possible airdrops every three months, three possible airdrops every six months and four possible airdrops every twelve months. As mentioned above, those who hold longer would be rewarded more if price depreciates and the more price depreciates, the more rewards will be dropped on holders! This method would help stabilize the price by encouraging stakeholders to hold in bear markets and to sell in bull markets. SwiftRewards will initially be done manually by developers and the required funds will need approval from the community via a proposal. But the process will be later coded into the blockchain, and will be done automatically with the help of SwiftNodes. SwiftRewards will be a maximum of 4%, 3%, 2% and 1% of block rewards for tier 1, 2, 3 and 4 respectively - i.e. a maximum total of 10% of the block rewards. For tier 1, each 5% drop in the average price from the start of the snapshot to the end, results in 0.4% of block rewards being dropped on holders. First snapshot for each tier begins one snapshot late to make things fair to the future adopters. That means, first snapshot for tier 1 will start at block 43,800 while the first snapshot for tier 4 will start at block 525,600. To give an example, if the average price is recorded as 0.10 USD at block 43,800 and then becomes 0.075 USD by block 87,600, holders will receive 2% of the block rewards during that period. That is 5 times 0.4% due to 25% drop in the average price. Price drops of more than 50% will not affect the amount of airdrop, since maximum amount of available coins to airdrop will be reached.

Block Rewards & Inflation
As explained above, SwiftCash launches with appx. 300M coins dropped on most SmartCash holders. Block rewards are set to be only 10 SWIFT per block up to block 10,000. This is to make the launch fair and give the community about one week to set up their wallets for mining and/or servers for SwiftNodes. From block 10,000 rewards will start with 500 coins per block theoretically, but only 30% of this amount will be mined every block which will be split between SwiftNodoes and PoS miners with a ratio of 2 to 1. The rest of the theoretical block rewards are set aside for budgeting, and will only be mined on demand via proposals, should enough stakeholders or SwiftNode owners to be specific, vote yes. Block rewards are set to fall gradually to zero and the gradual curve is very slow and becomes even slower as time goes by. It will take 8 years for block rewards to halve; second halving will take 16 years, third halving will take 32 years, and so on and on. This gives us a maximum inflation of appx. 80% in the first year, 40% the second year and so on and on. Maximum inflation however is most likely not going to occur due to unused treasuries which can then turn into future reserves, and so this way, it will take us longer to run out of block rewards and solely depend on fees and donations. If maximum inflation is reached every month, blockchain will run out of block rewards within appx. 70 years and by then, the maximum supply of 5,000,000,000 coins will be reached. However, our experience with SmartCash shows that about 40-50% of the treasuries will remain unused which in our case will turn into future reserves; that means it can take us about 200+ years to run out of block rewards. Furthermore, as an example, bitcoin has mined over 80% of its maximum supply in less than 12 years, and SmartCash has mined about 40% of its maximum supply within 18 months, while if we consistently use the whole budget, which is very unlikely as explained above, will have mined less than 40% of the maximum supply within 12 years! That is great news for future adopters and we do this because we have a long-term goal; what we want is a decentralized cryptocurrency to benefit everyone in the world, not another pump and dump ponzi scheme. Having said that, the following chart depicts the inflation of SwiftCash within the first 12 years, with the assumption that 30% of the block rewards will turn into future reserves due to unused treasuries. As depicted below, yearly inflation in this case would start with about 55%, and would then reach 4% in 12 years.



In order to get an insight into how slow block rewards will reduce, we can have a look at the following chart which depicts the block rewards for SwiftNodes within the first 12 years. As it can be seen, SwiftNodes will initially get about 100 SWIFT per block, and by the end of the 12th year, they will be getting about 40 SWIFT per block. The slow curve is designed by intention to not only stabilize the price as we grow, but to also decentralize the distribution of block rewards by making inflation fairer to future adopters compared to most, if not all cryptocurrencies out there. SwiftNodes will be used for instant locks via swift transactions - also called SwiftTX or InstantPay - which will allow users who use this option to rely on these transactions before they are even mined yet. SwiftNodes will also secure the treasuries, help the community reach consensus via onchain voting, and help mine budgets on demand via onchain governance. Each SwiftNode will be secured with a 20,000 SWIFT collateral, and a unique IPv4 address that will be required to run a full node on port 8544.



WEBSITE: http://swiftcash.org/ [still under construction]
EXPLORER: http://explorer.swiftcash.cc/ [still under construction]
STEEM: https://busy.org/@swiftcash
DISCORD: http://discord.swiftcash.cc
TWITTER: https://twitter.com/swiftcashcc
GITHUB: https://github.com/swiftcashproject/swiftcash
mrmetech
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November 08, 2018, 06:34:28 AM
 #7

Reserved

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November 24, 2018, 11:51:48 PM
Last edit: September 23, 2019, 02:19:44 AM by mprep
 #8

Now trading on Escodex:
https://wallet.escodex.com/market/ESCODEX.SWIFT_ESCODEX.BTC



You can also trade SWIFT directly against SmartCash(SMART) tokens issued by crypto-bridge in the following market. However, you can only deposit and withdraw SMART with crypto-bridge. You can also only deposit and withdraw SWIFT with Escodex. You can however use the same account with either cryptobridge or escodex to login on both platforms since they both work on top of the bitshares blockchain. https://wallet.escodex.com/market/ESCODEX.SWIFT_BRIDGE.SMART



Proof-of-Phone Mining on Discord [Trial]
Invite link: http://miner.swiftcash.cc

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November 26, 2018, 02:05:39 AM
 #9

Good initiative for airdroping coins to newbies  Smiley
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November 27, 2018, 12:26:05 PM
Last edit: September 23, 2019, 02:28:31 AM by mprep
 #10

SwiftCash is now listed on coingecko:

https://www.coingecko.com/en/coins/swiftcash



Mobile mining via Discord has now officially launched. All you have to do is join http://miner.swiftcash.cc/ , sign up if you don't have an account already, verify your phone number, and choose a lucky avatar! Retweet the following tweet for a chance to win 1000 SWIFT.  Roll Eyes

https://twitter.com/swiftcashcc/status/1073188064539828224

HAPPY MINING!  Wink




The addresses eligible for our first possible airdrop of swiftrewards are listed here (https://explorer.swiftcash.cc/rewards-1.txt). This list is as of now and it can both grow if zombies wake up or shrink if the current addresses disqualify. The end of the first snapshot is block 87,600. Total amount of SWIFT eligible as of now is appx. 34,460,538. Maximum amount of the first possible airdrop is appx. 846,992 SWIFT depending on the price action. That leaves us with a possible 2.4% ROI as of now, for our first snapshot ever!

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December 26, 2018, 10:37:04 AM
 #11

Hi guys
Right now 5 SWIFT is mined on discord every block/minute! Plan is to reduce this by 0.25 SWIFT every month, right after the super block. This means that rewards are going to become zero in 21 months!
Take the opportunity before it's too late! It's Free!!
https://i.imgur.com/kNOihrb.jpg

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December 29, 2018, 02:23:39 AM
 #12

SwiftCash v1.0.1 is now out and it's not a mandatory update but recommended esp. if you want to be able to vote on proposals straight from the qt wallet! https://twitter.com/swiftcashcc/status/1077898086951731200

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December 29, 2018, 04:16:19 AM
 #13

Mobile mining via Discord has now officially launched. All you have to do is join http://miner.swiftcash.cc/ , sign up if you don't have an account already, verify your phone number, and choose a lucky avatar! Retweet the following tweet for a chance to win 1000 SWIFT.  Roll Eyes

https://twitter.com/swiftcashcc/status/1073188064539828224

HAPPY MINING!  Wink


that's not mining, it's just airdrop... Sad

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December 29, 2018, 12:33:13 PM
Last edit: September 23, 2019, 02:29:34 AM by mprep
 #14

Mobile mining via Discord has now officially launched. All you have to do is join http://miner.swiftcash.cc/ , sign up if you don't have an account already, verify your phone number, and choose a lucky avatar! Retweet the following tweet for a chance to win 1000 SWIFT.  Roll Eyes

https://twitter.com/swiftcashcc/status/1073188064539828224

HAPPY MINING!  Wink


that's not mining, it's just airdrop... Sad

Mining doesn't have just one definition. I'm guessing the definition of mining you wanna enforce everywhere is the traditional definition which usually applies to the proof-of-work algorithm. Have you been on steemit for example? More than 70% of the inflation goes to bloggers and it's called proof-of-brain mining. What we do on discord could be called proof-of-luck mining. It's not an airdrop by any stretch. Airdrops are usually distributed equally among participants and do not depend on any sort of hash. Try to think outside the traditional box of mining and you'll see what I mean Wink



Our mobile-friendy and radically easy to use web-wallet is now live! It's 100% open-source with client-side signatures. Your private key will never leave the browser! Don't forget to vote yes to the proposal if you love this as much as I do! https://wallet.swiftcash.cc/ - please keep in mind that the app is running straight from github and can also be accessed via https://swiftcashproject.github.io/webwallet/ #bitcoin #litecoin #dogecoin #swiftcash #steem #cryptocurrency #gold #silver #usd $crypto $alt $btc $ltc $swift https://twitter.com/swiftcashcc/status/1078891025622396928

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December 30, 2018, 10:34:28 PM
 #15

Our mobile-friendy and radically easy to use web-wallet is now live! It's 100% open-source with client-side signatures. Your private key will never leave the browser! Don't forget to vote yes to the proposal if you love this as much as I do! https://wallet.swiftcash.cc/ - please keep in mind that the app is running straight from github and can also be accessed via https://swiftcashproject.github.io/webwallet/ #bitcoin #litecoin #dogecoin #swiftcash #steem #cryptocurrency #gold #silver #usd $crypto $alt $btc $ltc $swift https://twitter.com/swiftcashcc/status/1078891025622396928

A simple guide for the SwiftCash Web Wallet
https://steemit.com/swiftcash/@lostprophet/swiftcash-web-wallet-is-online

https://wallet.swiftcash.cc/

https://swiftcash.cc/
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December 31, 2018, 03:17:08 AM
 #16

To anyone using our web wallet at https://wallet.swiftcash.cc,
please pay careful attention to the initial message/warning:

TERMS OF USE

Make sure you save or remember the email and password that you choose to login for the first time. Entering the wrong email and password will NOT result in an error, but will instead open the wrong address which will most likely be empty! If you forget or lose the email and/or password that you choose to login for the first time, no one will be able to help you recover your account, and your funds will be lost forever!

BE YOUR OWN BANK!

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January 02, 2019, 11:04:46 PM
 #17

 Did you know you can mine with your smartphone? Try this!
https://steemit.com/swiftcash/@swiftcash/how-to-mine-swiftcash-on-your-phone-no-stake-or-hash-power-needed

 #blockchain #bitcoin #Litecoin #dogecoin #cryptocurrency #swiftcash #steem $sbd $alt $btc $ltc $swift #crypto
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January 04, 2019, 01:10:56 AM
 #18

The lottery bot is now live/real. I bought the first ticket. The #tickets channel will be used for printing the tickets; only and only the bot will have access to it. Admins should refrain from posting anything in that channel. The #play channel will be for interacting with the bot and #chat is for chatting about the lottery bot. Draws happen every 5000 block and the first draw is going to take place at block 75,000. The tickets will be compared against the second half of block hash each 5000 block and the closest hash will win the jackpot. 20% fee from the jackpot will go to giveaways on Twitter, Facebook and other social media groups to bring further growth. Tickets are 10 SWIFT each and can be bought using the ticket command! ENJOY!!!

To play join us on discord.swiftcash.cc and/or miner.swiftcash.cc

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January 05, 2019, 07:55:08 PM
 #19

Hi guys, did you know that you can earn some SWIFT playing games in our Telegram Channel?
Please join the channel and let’s see how good you are on playing games!

https://web.telegram.org/#/im?p=@swiftcashcc

The first competition ends on Wednesday 22:00 CET Time
1st place 100 SWIFT
2nd place 50 SWIFT
3rd place 25 SWIFT
4th place 10 SWIFT
5th place 5 SWIFT
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January 07, 2019, 12:04:07 AM
 #20

Did you know you can join us on Telegram, play games and win some cash?! Game of this week is Basketball Bunny and the best player will get 100 SWIFT! You can join us on https://t.me/swiftcashcc.


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January 18, 2019, 01:22:51 PM
 #21

Another week, another game.

this week we are giving away more than 150 SWIFT if you join our telegram channel and play the weekly games.

https://t.me/swiftcashcc for join us!
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January 28, 2019, 01:07:16 AM
Last edit: September 23, 2019, 02:36:02 AM by mprep
 #22

IMPORTANT FORK/RESET GETTING PLANNED FOR THE THIRD SUPER BLOCK

Important fork and reset is being planned for the third super block; removing unclaimed forkdrops and reducing the inflation by 60% to restore the original vision of inflation are a major part of it. For more information, join us on Discord or Telegram.

Proposed changes are:

Reset the chain at the third super block
Remove the untouched forkdrops
Increase the collateral to 50K SWIFT
Reduce the block rewards from the initial 150 SWIFT to 60 SWIFT
Reduce the maximum budget accordingly
Change the first halving cycle from 8 years to 20 years
Add the first round of swiftrewards to the new snapshot
Restart the chain and airdrop the addresses based on the new snapshot
Pledge to vote yes to proposals that will want to attempt to claim their swiftcash, up to at least six months after this fork

Definition of a zombie address in this context: an address that only has one transaction, which has happened before block 200, which is labelled as forkdrop in the explorer. To find out more about the proposal that is still up for vote, click below

https://steemit.com/swiftproposal/@msg768/swiftcash-proposal-hard-fork-reset-zombies-inflation-and-collaterals



SwiftCash inflation after the upcoming fork/reset:



SwiftNode Rewards after the upcoming fork/reset:



Monetary Base after the upcoming fork/reset:


It is notworthy that about 76% of the current supply, appx. 233 million SWIFT, are considered zombies or untouched airdrops on most smartcash holders, which will be removed in the coming fork/reset. Given the current numbers, we're going to start off with less than 80 million SWIFT.

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February 03, 2019, 09:20:30 AM
Last edit: September 23, 2019, 02:40:28 AM by mprep
 #23

A list of available contents for investors who want to start SwiftCash

https://steemit.com/swiftcash/@lostprophet/available-contents-for-swiftcash-investors



Here it is the news of the last week of SwiftCash

https://steemit.com/swiftcash/@lostprophet/the-week-of-swiftcash
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February 13, 2019, 09:48:10 PM
 #24

SwiftCash v2.0.0 is out. Download the wallet of your choice, and do a resync. Also remove the transactions from your wallet by zapwallettxes since this fork is a reset! Make sure you back everything up first! https://t.co/QNRFwhUlOR #blockchain #bitcoin #litecoin #swiftcash - A simple guide on how to update: https://steemit.com/swiftcash/@swiftcash/swiftcash-v2-0-0-how-to-update - The initial announcement on bitcointalk has been edited to reflect the changes.

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February 18, 2019, 03:08:43 PM
 #25

Hello there,

masternodecap.com has enabled SwiftCash!
Nodes monitoring and stats for $SWIFT.

You can especially be warned when :
  • the status of a node changes
  • your nodes get rewarded
  • an upgrade of your wallet is available

Come say hi in our discord.

Happy masternoding!

MasterNodeCap - Monitoring ,listing and Setup Guides for Masternodes
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February 22, 2019, 12:11:30 PM
Last edit: September 23, 2019, 02:51:33 AM by mprep
 #26

SWIFT-BTC market added to Crex24!

https://crex24.com/exchange/SWIFT-BTC





The new version of our web wallet is now out and it supports LTC and BTC as well!
https://steemit.com/bitcoin/@swiftcash/swiftcash-web-wallet-now-with-btc-and-ltc-support
https://bitcointalk.org/index.php?topic=5116551.new#new
https://wallet.swiftcash.cc/

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March 13, 2019, 07:45:44 PM
 #27

Small recap of the news of this week

https://steemit.com/swiftcash/@lostprophet/the-week-of-swiftcash-13-march-2019
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March 16, 2019, 11:57:49 AM
Last edit: September 23, 2019, 02:53:06 AM by mprep
 #28

1M $SWIFT giveaway to $STEEM hodlers! First come, first served! The giveaway post will be submitted in appx. 12-15 hours! An easy calculator is available on https://explorer.swiftcash.cc/steem.html  #Blockchain #Bitcoin #Litecoin #SwiftCash #STEEM #Masternode #Cryptocurrency $BTC $LTC $ALT $SBD



https://twitter.com/swiftcashcc/status/1106798760737202176



1M SWIFT GIVEAWAY TO STEEM HODLERS

https://steemit.com/steem/@swiftcash/1-million-swiftcash-giveaway-to-steem-hodlers-first-come-first-served



Last day! Vote fore DOGE or DASH to be added to SWIFT web/mobile wallet!
https://steemit.com/altcoin/@swiftcash/free-addition-to-our-webwallet-doge-or-dash-100k-swift-giveaway-on-twitter-and-facebook



DOGE won the poll on both Twitter and Facebook and has been added to https://wallet.swiftcash.cc



Quick update on SwiftRewards:

Minimum required balance to be eligible for SwiftRewards will be 1,000 SWIFT, and any outgoing transaction from an address during any snapshot will disqualify that address, unless it’s a Proof-of-Stake transaction, or all of the value taken, is returned to the address in the same transaction. In this case, up to 0.005 SWIFT is covered for fees and if the transaction fee is greater than 0.005 SWIFT, it can be covered via an extra input from an address that is already disqualified. This is pretty useful if a SwiftNode owner wants to stake the rewards of their SwiftNode in one collateral. Last but not least, in order to filter zombie addresses, only addresses are rewarded that have had at least one valid transaction during the specified snapshot. This can happen automatically, in case the address stakes or has an active SwiftNode collateral during the snapshot.

Information/Data for Tier 1, Snapshot 1:
https://explorer.swiftcash.cc/swiftrewards/1-1.json




SwiftRewards - Compensating Those Who HODL in Bear Markets!

https://steemit.com/steem/@msg768/swiftrewards-compensating-those-who-hodl-in-bear-markets



Information about the latest snapshots and tiers can now be found on our explorer in a json format.
The following link shows the information for swiftrewards tier 1, round 1.

https://explorer.swiftcash.cc/swiftrewards/1-1.json



Second round of late zombies passed and dropped:
https://explorer.swiftcash.cc/tx/41bfe020d7bc59f461655baa9e24137640f6c54ee63c2a9a16af85d88a33130a

Zombies file has been updated:
https://github.com/swiftcashproject/swift-files



New tab in our explorer to track information about the different tiers of possible airdrops due to price depreciation known as swiftrewards. It appears that first snapshot is going to generate a revenue of about 0.55% for HODLers due to appx. 27% decline in our price in the past month. For more information join us on http://discord.swiftcash.cc!

https://explorer.swiftcash.cc/swiftrewards/



Tier 1, Round 2 can give HODLers a maximum of 0.70% ROI.
https://explorer.swiftcash.cc/swiftrewards/1-2.json

New tab added to explorer for decoding and broadcasting raw transactions.
https://explorer.swiftcash.cc/broadcast



SwiftCash - SWIFT - is finally listed on coinmarketcap  Cool

https://coinmarketcap.com/currencies/swiftcash/

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May 14, 2019, 08:31:15 AM
 #29

Hello team !  How can I get your token ? only buy on the stock exchange ? I saw your project for the first time today .

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May 15, 2019, 09:53:56 AM
 #30

Hello team !  How can I get your token ? only buy on the stock exchange ? I saw your project for the first time today .

Hi Arthur,
if you join our Discord Miner we have a kind of "airdrop", currently 1.7 SWIFT per minute goes to one lucky user. Going down 0.1 SWIFT per month.
miner.swiftcash.cc is the link for our free miner

Don't forget to join our main server to keep in touch with the last news:  http://discord.swiftcash.cc/

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May 15, 2019, 03:38:35 PM
 #31

Maby this is a scam, I am not sure.
For now I will invest $1000,- in Swift.
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May 17, 2019, 01:21:44 PM
Last edit: September 23, 2019, 02:55:15 AM by mprep
 #32

Hello team !  How can I get your token ? only buy on the stock exchange ? I saw your project for the first time today .

You can buy on Escodex or Crex24:

https://wallet.escodex.com/market/ESCODEX.SWIFT_ESCODEX.BTC
https://crex24.com/exchange/SWIFT-BTC



Maby this is a scam, I am not sure.
For now I will invest $1000,- in Swift.

Lol I find your comment hilarious. If you're willing to throw $1000 at something that might be a scam, I wonder how much you'd throw at it if you knew it's legit Grin You must be rich AF! Roll Eyes

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May 21, 2019, 11:15:49 AM
 #33

I am not rich according to my definition of 'rich'.
Maybe in your eyes I am according to your definition of 'rich'.

Anyway, I see this project as a nice low cap to gamble.
Sometimes you gamble well in crypto, sometimes not, and that doesn't matter.
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May 22, 2019, 01:00:22 PM
Last edit: September 23, 2019, 02:55:57 AM by mprep
 #34

I am not rich according to my definition of 'rich'.
Maybe in your eyes I am according to your definition of 'rich'.

Anyway, I see this project as a nice low cap to gamble.
Sometimes you gamble well in crypto, sometimes not, and that doesn't matter.

Fair enuffff Mr. LowCapHunter!



Information about swiftrewards - possible airdrops on active holders if price depreciates:
https://explorer.swiftcash.cc/swiftrewards/

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June 03, 2019, 12:16:51 PM
 #35


People, let's vote for "SwiftCash(SWIFT)" Our coin: "№173 https://l2rx.com/index.php?limit=50&sort=0&page=4#SWIFT
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June 10, 2019, 07:54:18 AM
Last edit: September 23, 2019, 02:56:30 AM by mprep
 #36

SwiftCash is now selling upvotes on the steem blockchain with +25% ROI until 14th of June 2019. The +25% ROI is after curation. In other words, you get 150% of your money back in an upvote! https://busy.org/@swiftcash



SwiftRewards Tier 1, Round 3 Paid  Grin

https://steemit.com/swiftcash/@swiftcash/swiftrewards-tier-1-round-3



Information about possible SwiftRewards Tier 1, Round 4 is now available:
https://explorer.swiftcash.cc/swiftrewards/1-4.min.json



SwiftCash v2.1.0 is out now and is a mandatory update for all Miners  BIP65's soft fork will take place after the majority of Miners update. Others are highly welcome to update as well! http://bit.ly/2Xv7B0e


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July 12, 2019, 02:10:12 PM
 #37

Hello there,

masternodecap.com has updated SwiftCash (2.1.0)!
Nodes monitoring and stats for $SWIFT.

You can especially be warned when :
  • the status of a node changes
  • your nodes get rewarded
  • an upgrade of your wallet is available

Happy masternoding!

MasterNodeCap - Monitoring ,listing and Setup Guides for Masternodes
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July 18, 2019, 08:15:24 AM
Last edit: September 23, 2019, 02:57:11 AM by mprep
 #38

SwiftRewards Tier 1, Round 4 Paid Tongue

https://steemit.com/swiftcash/@swiftcash/swiftrewards-tier-1-round-4



Information about SwiftRewards, Tier 1, Round 5 now available:

https://explorer.swiftcash.cc/swiftrewards/

Furthermore, in less than one month, first snapshot for Tier 3(The 6-months snapshot) starts. Block 262,800 will also be the end of Tier 2, Round 1 and start of Tier 2, Round 2!



SwiftCash v2.1.1 - Non-mandatory update

Added "Subtract Fee From Amount" checkbox/feature to the qt wallet
Added the same feature to the rpc for sendtoaddress and sendtoaddressix methods

Not a mandatory update but highly recommended since this feature can come in handy.

https://github.com/swiftcashproject/swiftcash/releases



SwiftCash has been listed on steem-engine Roll Eyes
Deposits and withdrawals should open shortly. Maximum by Friday Tongue

https://steem-engine.com/?p=market&t=SWIFTP



SwiftRewards Tier 3, Round 1, first snapshot ever will start at block 262,800. The rewards for this round will be just as big as the rewards for Tier 4 or the yearly snapshot. A maximum of 12% of block rewards => 2% each month for 6 months. Get in before block 262,800 to make the most of SwiftRewards so that if price depreciates in the following six months, you would receive extra rewards for HODLing. For more information, read the whitepaper at https://swiftcash.cc/assets/whitepaper.pdf



Volunteers are needed to translate the whitepaper into other languages. The whitepaper is currently being translated to Persian/Farsi, French, Italian, Spanish, Portuguese, and Russian. Volunteers do not get paid for their work and only do this because they HODL and LOVE SwiftCash and want to see more people adopt it. The main reason behind not paying the translators from the budget however is because the results cannot be properly vetted. Hopefully, the SwiftCash community is going to have enough volunteers to get this job done. If you want to translate the whitepaper to another language, join us on Telegram or Discord first and make sure the work is not already done or in progress by someone else Tongue



First draft of the whitepaper in Farsi:
https://docs.google.com/document/d/1wl-ogwHHf-j5CfxMG-7JO9JHhuA4fIDduxBznAinqN0

Frist draft of the whitepaper in French:
https://docs.google.com/document/d/1aAiZEp3gOfk_TiixZA8z5sxqRwRBtMod3D8LQi7422U



First draft of the whitepaper in Portuguese:
https://docs.google.com/document/d/1SogzEictOZXC9knoehGxwIWbTdecf_ClTJ07ZlTpnug




Update:

Whitepaper - English
https://docs.google.com/document/d/1vD3p_tuZRqqzDINiTvrbYsl-nafXDHSn4TprFZxIpCo

Accepting suggestions/edits in the available languages. Also looking for volunteers to translate the whitepaper to new languages. The new website will also launch soon and we'll need volunteers to translate that as well!



Draft of the whitepaper in Italian:
https://docs.google.com/document/d/14wjvrEVnzvcne4ftEdUbDnTBrkVtxLLH



Thrilled to announce that SwiftCash is now on STEEM-Engine! Steemians can now trade SWIFT vs. STEEM with 0% trading fees and only 1% fee in deposits and withdrawals! http://bit.ly/2K5pUQ0

https://steem-engine.com/?p=market&t=SWIFTP





First draft of the whitepaper in Spanish:
https://docs.google.com/document/d/1kB4kcNcizYzW7e5DRFYulMaYifaaeSZMXCHu4CvUTQo

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July 31, 2019, 05:58:53 PM
Last edit: September 23, 2019, 02:59:53 AM by mprep
 #39

Well done!



https://steemit.com/steem/@msg768/how-to-get-free-crypto-swiftcash-everyday-1000-swift-giveaway


How To Get Free Crypto/SwiftCash Everyday! 1000 SWIFT Giveaway!!!
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August 02, 2019, 12:40:01 PM
Last edit: September 23, 2019, 03:00:38 AM by mprep
 #40

Whitepaper Edits/Translations so far:

English: https://docs.google.com/document/d/1vD3p_tuZRqqzDINiTvrbYsl-nafXDHSn4TprFZxIpCo
Italian: https://docs.google.com/document/d/14wjvrEVnzvcne4ftEdUbDnTBrkVtxLLH
Spanish: https://docs.google.com/document/d/1kB4kcNcizYzW7e5DRFYulMaYifaaeSZMXCHu4CvUTQo
Portuguese: https://docs.google.com/document/d/1SogzEictOZXC9knoehGxwIWbTdecf_ClTJ07ZlTpnug
Farsi: https://docs.google.com/document/d/1wl-ogwHHf-j5CfxMG-7JO9JHhuA4fIDduxBznAinqN0
French: https://docs.google.com/document/d/1aAiZEp3gOfk_TiixZA8z5sxqRwRBtMod3D8LQi7422U
Arabic: https://docs.google.com/document/d/1salA_Y4bwLAoIDXNBcWsYib_ffL_yQbrrXs4gsyqlBA

If anyone wants to voluntarily translate the whitepaper to other languages, please get in touch with us on Discord or Telegram!

http://discord.swiftcash.cc
https://t.me/swiftcashcc



First draft of Arabic translation.
https://docs.google.com/document/d/1salA_Y4bwLAoIDXNBcWsYib_ffL_yQbrrXs4gsyqlBA



SwiftRewards Tier 2, Round 1

https://steemit.com/swiftcash/@swiftcash/swiftrewards-tier-2-round-1



SwiftRewards Tier 2, Round 1 Paid! First quarterly snapshot paying 1.76% to eligible HODLers due to bears ruining the price. Block 262,800 also marks the first semiannual and the second quarterly as well as the sixth monthly snapshots for SwiftRewards. #Blockchain #Bitcoin #Litecoin http://bit.ly/2MppIPi

Information about the new snapshots will become available on the explorer in the coming week.



SwiftPay: SWIFT, BTC, LTC, & DOGE Payment Gateway — 0% Fees, 100% Decentraliezd & P2P. 10,000 SWIFT Up For Grab For The First Online Merchant Who Integrates SwiftPay! Details: http://bit.ly/321czjb



Information about all new snapshots are now available on the explorer  Roll Eyes
SwiftRewards are rewards for HODLers in case price depreciates  Kiss

https://explorer.swiftcash.cc/swiftrewards/




$SWIFT withdrawals on Escodex aren't working and we're still waiting for the support to contact us back. You can trade $SWIFT on Crex24 or STEEM-Engine in the meantime!  https://twitter.com/swiftcashcc/status/1166681934417649664

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September 02, 2019, 03:47:04 PM
 #41

I'm happy to announce that from now on you can host your masternodes for free using https://nodes.blastxchange.net/
All you have to do is lock 10$ worth of BLAST coin for 3 months and you will have free hosting for that period. After the period ends you can withdraw your coins or you can extend you masternode for a new 3 months cycle
Also you dont need any linux knowledge to create a masternode. Just follow a few steps on the platform
For tutorial see https://www.blastxhub.net/nodes-blastxchange-net-how-to-host-your-nodes-cheap-and-easy/
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September 06, 2019, 12:28:54 AM
Last edit: September 23, 2019, 03:01:58 AM by mprep
 #42

SwiftCash is now on Bitshares: https://steemit.com/bitshares/@swiftcash/buy-sell-swiftcash-on-bitshares


Trade SwiftCash vs. Bitshares
https://wallet.bitshares.org/#/market/SWIFTCASH_BTS

Trade SwiftCash vs. Bitcoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.BTC

Trade SwiftCash vs. Litecoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.LTC

Trade SwiftCash vs. Dogecoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.DOGE

For deposits and withdrawals, join #bitshares on http://discord.swiftcash.cc



Coinbin is an open-source wallet written in Javascript that allows you to create and sign transactions offline.

https://coinbin.swiftcash.cc



Proposal to introduce HODL Deposits and HODL Rewards  Cool

https://steemit.com/swiftproposal/@msg768/swiftcash-proposal-hodl-deposits-and-hodl-rewards-imitating-term-deposits-in-traditional-banking

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September 15, 2019, 06:38:01 PM
 #43

It's good to see development for this coin and listed it to the another exchange. The main thing is, when it will be listed on a good enough exchange that have big volume? I though it will be more awesome.

a 
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areum🎮🛫 
Gamified version
of an airdrop
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September 16, 2019, 01:07:12 PM
 #44

Mobile mining via Discord has now officially launched. All you have to do is join http://miner.swiftcash.cc/ , sign up if you don't have an account already, verify your phone number, and choose a lucky avatar! Retweet the following tweet for a chance to win 1000 SWIFT.  Roll Eyes

https://twitter.com/swiftcashcc/status/1073188064539828224

HAPPY MINING!  Wink


that's not mining, it's just airdrop... Sad

Mining doesn't have just one definition. I'm guessing the definition of mining you wanna enforce everywhere is the traditional definition which usually applies to the proof-of-work algorithm. Have you been on steemit for example? More than 70% of the inflation goes to bloggers and it's called proof-of-brain mining. What we do on discord could be called proof-of-luck mining. It's not an airdrop by any stretch. Airdrops are usually distributed equally among participants and do not depend on any sort of hash. Try to think outside the traditional box of mining and you'll see what I mean Wink
what I learned from these is that mining is different from the airdrop. Off course mainly gainers from the mining are the blogger's . Airdrop is divided equally to all the customers participants in events.
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September 16, 2019, 03:00:14 PM
 #45

Swiftcash is actually following the path of Bitcoin. This is not really appreciated by many investors. Because this model should only exist in coins with high reputation.
For new projects, I think big marketing costs are needed to attract users.
and the Halving event caused the price to increase due to public reactions, but the mechanism of the coin could not increase itself.
Therefore, I am waiting for the best marketing plan from the team in the future.

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September 20, 2019, 12:03:20 PM
Last edit: September 23, 2019, 03:02:49 AM by mprep
 #46

Information for tier 1, snapshot 7, is now available Cool

https://explorer.swiftcash.cc/swiftrewards/



HODL Deposits Proposal is now LIVE Tongue

Proposal details: http://bit.ly/2kBE5Uo
Proposal hash: 67f8c7af3dcbaf8d1e9555760affda479a041479ec6897eb34c8644a775d68bb

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September 26, 2019, 01:23:45 PM
 #47

SwiftCash is now on Bitshares: https://steemit.com/bitshares/@swiftcash/buy-sell-swiftcash-on-bitshares


Trade SwiftCash vs. Bitshares
https://wallet.bitshares.org/#/market/SWIFTCASH_BTS

Trade SwiftCash vs. Bitcoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.BTC

Trade SwiftCash vs. Litecoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.LTC

Trade SwiftCash vs. Dogecoin
https://wallet.bitshares.org/#/market/SWIFTCASH_OPEN.DOGE

For deposits and withdrawals, join #bitshares on http://discord.swiftcash.cc



Coinbin is an open-source wallet written in Javascript that allows you to create and sign transactions offline.

https://coinbin.swiftcash.cc



Proposal to introduce HODL Deposits and HODL Rewards  Cool

https://steemit.com/swiftproposal/@msg768/swiftcash-proposal-hodl-deposits-and-hodl-rewards-imitating-term-deposits-in-traditional-banking

This is big for SwiftCash tbh. It shows how the team is working hard to make small steps until we get out there.
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October 03, 2019, 10:51:31 PM
 #48

Escodex has now disabled all deposits. You have another week or so to withdraw your coins, as Escodex plans to shut down! Hurry up champs! https://twitter.com/swiftcashcc/status/1179753635258892289


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October 11, 2019, 12:23:51 AM
 #49

Did you know that the #Bitcoin #blockchain is printing more than 15 million US dollars everyday at the current price? The #Litecoin blockchain is printing less than 1 million US dollars everyday, and the #SwiftCash blockchain less than $84 everyday! #Investment #Gold #Silver #USD

https://twitter.com/swiftcashcc/status/1182114083350278145

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October 14, 2019, 10:36:41 AM
 #50

Swiftcash is actually following the path of Bitcoin. This is not really appreciated by many investors. Because this model should only exist in coins with high reputation.
For new projects, I think big marketing costs are needed to attract users.
and the Halving event caused the price to increase due to public reactions, but the mechanism of the coin could not increase itself.
Therefore, I am waiting for the best marketing plan from the team in the future.

Are they following the popularity of usage of bitcoin? I guess not. Because the price should not be like this -



However, maybe it is too early to say as they are only almost a year old?

 
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October 14, 2019, 11:03:04 PM
 #51

HODL Deposits and HODL Rewards proposal has passed. Changes are now reflected in the whitepaper.
Whitepaper: https://www.swiftcash.cc/assets/whitepaper.pdf
Announcement: http://bit.ly/2oxPUNm

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October 15, 2019, 03:40:20 PM
 #52

The problem with swiftcash is one thats been seen again and again
The team seem to have dumped their shit so fast as soon as it hit exchange, they no longer have motivation (coins) to even develop this : /
Development died instantly the day it hit exchange
Swiftcash was prob the worst coin i mined in 2019, now that the years almost over it might just get my shitcoin of the year award haha

 
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October 15, 2019, 10:38:03 PM
 #53

The problem with swiftcash is one thats been seen again and again
The team seem to have dumped their shit so fast as soon as it hit exchange, they no longer have motivation (coins) to even develop this : /
Development died instantly the day it hit exchange
Swiftcash was prob the worst coin i mined in 2019, now that the years almost over it might just get my shitcoin of the year award haha

Being one of the main developers involved in SwiftCash, having worked my ass for peanuts and not only not dumping what I got from the budget but even buying more at every single dip, I can't help but say that you have no clue what you're talking about. But you're entitled to have your opinion even if it's a silly one. There is in fact not much sell pressure if you look at the volume it's been consistently two digits or one digit close to zero. When no one is trying to bid higher or compete in bidding, price goes down. That's just how free markets work so if you were wise, you would take advantage of the opportunity instead of leaving a totally dumb comment here.

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October 17, 2019, 01:38:25 AM
 #54

Swiftcash is actually following the path of Bitcoin. This is not really appreciated by many investors. Because this model should only exist in coins with high reputation.
For new projects, I think big marketing costs are needed to attract users.
and the Halving event caused the price to increase due to public reactions, but the mechanism of the coin could not increase itself.
Therefore, I am waiting for the best marketing plan from the team in the future.

Are they following the popularity of usage of bitcoin? I guess not. Because the price should not be like this -



However, maybe it is too early to say as they are only almost a year old?

Not sure what either of you mean. SwiftCash is not following the same path of Bitcoin in any way. Bitcoin gives the inflation to whoever has more hash power, SwiftCash gives the inflation to whoever has more coins when it comes to the minimum inflation and whoever gets more votes when it comes to any extra inflation up to the maximum inflation. Over 80% of Bitcoin's maximum supply is already mined within just 12 years, that number for SwiftCash is gonna be between 10% and 20% in 12 years. Bitcoin block rewards halve every 4 years, and it happens suddenly, SwiftCash block rewards go down slowly every block and it takes 20 years to halve for the first time. SwiftCash allows up to 70% of block rewards to be spent on proposals that are embraced by the community, Bitcoin doesn't have such a thing. I could go on and on about Swift Rewards which is about rewarding holders in bear markets, HODL Rewards which imitate term deposits in traditional banking, etc. And as far as the price is concerned, being cheap is not necessarily a bad thing. Unless you prefer to buy something when it goes up in which case you wouldn't buy Bitcoin either when it was a few cents or single digit dollars.

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October 17, 2019, 11:59:24 AM
 #55

The problem with swiftcash is one thats been seen again and again
The team seem to have dumped their shit so fast as soon as it hit exchange, they no longer have motivation (coins) to even develop this : /
Development died instantly the day it hit exchange
Swiftcash was prob the worst coin i mined in 2019, now that the years almost over it might just get my shitcoin of the year award haha

well ask the topic starter he's online Tongue

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October 17, 2019, 12:04:17 PM
 #56

The problem with swiftcash is one thats been seen again and again
The team seem to have dumped their shit so fast as soon as it hit exchange, they no longer have motivation (coins) to even develop this : /
Development died instantly the day it hit exchange
Swiftcash was prob the worst coin i mined in 2019, now that the years almost over it might just get my shitcoin of the year award haha

well ask the topic starter he's online Tongue

I've already replied to that silly post above.

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October 17, 2019, 08:35:06 PM
 #57

The problem with swiftcash is one thats been seen again and again
The team seem to have dumped their shit so fast as soon as it hit exchange, they no longer have motivation (coins) to even develop this : /
Development died instantly the day it hit exchange
Swiftcash was prob the worst coin i mined in 2019, now that the years almost over it might just get my shitcoin of the year award haha

well ask the topic starter he's online Tongue

I've already replied to that silly post above.

it'd be funny to understand how he mined a PoS coin  Grin
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October 20, 2019, 12:55:24 AM
Last edit: October 22, 2019, 12:03:41 AM by msg768
 #58

7th round of SwiftRewards from Tier 1 paid:
https://steemit.com/swiftcash/@swiftcash/swiftrewards-tier-1-round-7

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October 27, 2019, 02:55:14 PM
 #59

I see Swiftcash is coming up for its one year anniversary (at least from an OP date perspective). Can you give an overview what the project has achieved in its first year to provide support for market demand? I see the coin is trading at about 5 satoshis currently on Crex which is not much compared to some other coins with also large potential coin supplies.

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October 27, 2019, 11:29:03 PM
Last edit: October 27, 2019, 11:44:32 PM by msg768
 #60

I see Swiftcash is coming up for its one year anniversary (at least from an OP date perspective). Can you give an overview what the project has achieved in its first year to provide support for market demand? I see the coin is trading at about 5 satoshis currently on Crex which is not much compared to some other coins with also large potential coin supplies.

If expensive price and high achievement is what determines where your money goes, then you shouldn't invest in SwiftCash. Because we haven't achieved anything special that other coins haven't. Neither is our price or marketcap where we can boast about. But if you're looking for a ridiculously cheap and undervalued altcoin that is legit and not scam, then you can make yourself feel at home and start accumulating. If not, you can sit aside and let those of us who do believe continue to accumulate. Back to achievement, it's almost impossible to achieve anything with this price and marketcap. But what's interesting is we don't really need to. There's always time for achievement and development. What matters now is that we have a working blockchain which is just as good as Bitcoin, if not even better due to it being based on the Proof-of-Stake consensus. It's obviously not adopted as much as Bitcoin neither is it as liquid as Bitcoin but if it were, it would be #2 or #1 on coinmarketcap and not on my list of hidden gems.

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October 29, 2019, 12:23:00 AM
 #61

I see Swiftcash is coming up for its one year anniversary (at least from an OP date perspective). Can you give an overview what the project has achieved in its first year to provide support for market demand? I see the coin is trading at about 5 satoshis currently on Crex which is not much compared to some other coins with also large potential coin supplies.

If expensive price and high achievement is what determines where your money goes, then you shouldn't invest in SwiftCash. Because we haven't achieved anything special that other coins haven't. Neither is our price or marketcap where we can boast about. But if you're looking for a ridiculously cheap and undervalued altcoin that is legit and not scam, then you can make yourself feel at home and start accumulating. If not, you can sit aside and let those of us who do believe continue to accumulate. Back to achievement, it's almost impossible to achieve anything with this price and marketcap. But what's interesting is we don't really need to. There's always time for achievement and development. What matters now is that we have a working blockchain which is just as good as Bitcoin, if not even better due to it being based on the Proof-of-Stake consensus. It's obviously not adopted as much as Bitcoin neither is it as liquid as Bitcoin but if it were, it would be #2 or #1 on coinmarketcap and not on my list of hidden gems.

Unfortunately achievement and progress are important aspects for many people to invest in a project. More development and delivery is what makes projects desirable and create demand, providing opportunities to both speculators and long term investors. Projects need both large teams and development funds. I guess a working blockchain is a start.

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msg768
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October 29, 2019, 03:35:44 AM
 #62

I see Swiftcash is coming up for its one year anniversary (at least from an OP date perspective). Can you give an overview what the project has achieved in its first year to provide support for market demand? I see the coin is trading at about 5 satoshis currently on Crex which is not much compared to some other coins with also large potential coin supplies.

If expensive price and high achievement is what determines where your money goes, then you shouldn't invest in SwiftCash. Because we haven't achieved anything special that other coins haven't. Neither is our price or marketcap where we can boast about. But if you're looking for a ridiculously cheap and undervalued altcoin that is legit and not scam, then you can make yourself feel at home and start accumulating. If not, you can sit aside and let those of us who do believe continue to accumulate. Back to achievement, it's almost impossible to achieve anything with this price and marketcap. But what's interesting is we don't really need to. There's always time for achievement and development. What matters now is that we have a working blockchain which is just as good as Bitcoin, if not even better due to it being based on the Proof-of-Stake consensus. It's obviously not adopted as much as Bitcoin neither is it as liquid as Bitcoin but if it were, it would be #2 or #1 on coinmarketcap and not on my list of hidden gems.

Unfortunately achievement and progress are important aspects for many people to invest in a project. More development and delivery is what makes projects desirable and create demand, providing opportunities to both speculators and long term investors. Projects need both large teams and development funds. I guess a working blockchain is a start.

We can't afford it here with this price and market cap sorry. You should invest in blockchains that can afford it if you think that way. But when I see blockchains that can afford it, I don't see much progress or development either. I only see pride and hype over price and market cap. Good luck anyway....

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October 31, 2019, 12:27:09 PM
 #63

Hi guys, did you know that you can earn some SWIFT playing games in our Telegram Channel?
Please join the channel and let’s see how good you are on playing games!

https://web.telegram.org/#/im?p=@swiftcashcc

The first competition ends on Wednesday 22:00 CET Time
1st place 100 SWIFT
2nd place 50 SWIFT
3rd place 25 SWIFT
4th place 10 SWIFT
5th place 5 SWIFT
that is very interesting we can earn swift while playing games on telegram channel. Lets check the project to have fun and funding
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October 31, 2019, 06:41:00 PM
 #64

Mobile mining via Discord has now officially launched. All you have to do is join http://miner.swiftcash.cc/ , sign up if you don't have an account already, verify your phone number, and choose a lucky avatar! Retweet the following tweet for a chance to win 1000 SWIFT.  Roll Eyes

https://twitter.com/swiftcashcc/status/1073188064539828224

HAPPY MINING!  Wink


that's not mining, it's just airdrop... Sad

Mining doesn't have just one definition. I'm guessing the definition of mining you wanna enforce everywhere is the traditional definition which usually applies to the proof-of-work algorithm. Have you been on steemit for example? More than 70% of the inflation goes to bloggers and it's called proof-of-brain mining. What we do on discord could be called proof-of-luck mining. It's not an airdrop by any stretch. Airdrops are usually distributed equally among participants and do not depend on any sort of hash. Try to think outside the traditional box of mining and you'll see what I mean Wink



Our mobile-friendy and radically easy to use web-wallet is now live! It's 100% open-source with client-side signatures. Your private key will never leave the browser! Don't forget to vote yes to the proposal if you love this as much as I do! https://wallet.swiftcash.cc/ - please keep in mind that the app is running straight from github and can also be accessed via https://swiftcashproject.github.io/webwallet/ #bitcoin #litecoin #dogecoin #swiftcash #steem #cryptocurrency #gold #silver #usd $crypto $alt $btc $ltc $swift https://twitter.com/swiftcashcc/status/1078891025622396928


Cool!
I will check it out
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November 02, 2019, 08:37:45 PM
 #65

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?
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November 02, 2019, 08:49:21 PM
 #66

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?

That's a good point but it's noteworthy to mention that rich people often spread their coins in more than one address. Also, stupid people are unpredictable. I never thought I'd see SWIFT at this price. Otherwise, I would have saved my sats to buy lower than where I first bought. My first buy was at 100 sats.

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November 03, 2019, 09:41:52 PM
 #67

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?
I hope they will not fill that order, because it's so cheap, it will make they looks like throw their coins in the trash. That's not a good thing, we need the more buy wall in order to get rise.

a 
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November 03, 2019, 09:50:38 PM
 #68

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?

That's a good point but it's noteworthy to mention that rich people often spread their coins in more than one address. Also, stupid people are unpredictable. I never thought I'd see SWIFT at this price. Otherwise, I would have saved my sats to buy lower than where I first bought. My first buy was at 100 sats.

I doubt a whale will fill that order in one trade, but the little fish might take little nibbles out of it with small dumps. It's probably a whale looking to buy the bottom that put the wall up.
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November 04, 2019, 05:11:56 AM
Last edit: November 04, 2019, 09:57:27 PM by msg768
 #69

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?
I hope they will not fill that order, because it's so cheap, it will make they looks like throw their coins in the trash. That's not a good thing, we need the more buy wall in order to get rise.

It's really cheap when you think about it.

Imagine Dogecoin has no maximum supply and is adding about 5 billion new DOGE to its supply every year, yet it's trading close to 30 sats with a current supply of almost 122 billion coins. Now compare that to SWIFT, with its max supply being 5 billion equal to how much DOGE adds to its supply every year, and also with its current supply of 106 million, not even 1 billion. Also, SWIFT's current minimum inflation is about 28% which means will be adding about 30 million to supply within the next 12 months as opposed to Dogecoin adding 5 billion in the next 12 months. And these new coins will be distributed between active holders who participate in securing the network, unlike Dogecoin again or Bitcoin or Litecoin or any other POW coin for that matter.



https://twitter.com/msg768/status/1191226789986627584

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November 08, 2019, 11:57:54 PM
 #70

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?
I hope they will not fill that order, because it's so cheap, it will make they looks like throw their coins in the trash. That's not a good thing, we need the more buy wall in order to get rise.

It's really cheap when you think about it.

Imagine Dogecoin has no maximum supply and is adding about 5 billion new DOGE to its supply every year, yet it's trading close to 30 sats with a current supply of almost 122 billion coins. Now compare that to SWIFT, with its max supply being 5 billion equal to how much DOGE adds to its supply every year, and also with its current supply of 106 million, not even 1 billion. Also, SWIFT's current minimum inflation is about 28% which means will be adding about 30 million to supply within the next 12 months as opposed to Dogecoin adding 5 billion in the next 12 months. And these new coins will be distributed between active holders who participate in securing the network, unlike Dogecoin again or Bitcoin or Litecoin or any other POW coin for that matter.

-
https://twitter.com/msg768/status/1191226789986627584

SwiftCash might really be cheap but does it have strong community?
Doge has loyal community because of its usage in trading and transfer purposes.
And also, used in the gambling community for long time already.
If you compare the markets that are offering the SwiftCash trading pair, you can see that crex is the only exchange based from cmc.
So I guess, doge and swift is really not comparable at all.
You need to find a way where crypto users can utilize your coin for their everyday living to improve its worth.

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iePlay NoweiI
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November 09, 2019, 12:20:24 AM
Last edit: November 11, 2019, 10:03:14 PM by msg768
 #71

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?
I hope they will not fill that order, because it's so cheap, it will make they looks like throw their coins in the trash. That's not a good thing, we need the more buy wall in order to get rise.

It's really cheap when you think about it.

Imagine Dogecoin has no maximum supply and is adding about 5 billion new DOGE to its supply every year, yet it's trading close to 30 sats with a current supply of almost 122 billion coins. Now compare that to SWIFT, with its max supply being 5 billion equal to how much DOGE adds to its supply every year, and also with its current supply of 106 million, not even 1 billion. Also, SWIFT's current minimum inflation is about 28% which means will be adding about 30 million to supply within the next 12 months as opposed to Dogecoin adding 5 billion in the next 12 months. And these new coins will be distributed between active holders who participate in securing the network, unlike Dogecoin again or Bitcoin or Litecoin or any other POW coin for that matter.

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https://twitter.com/msg768/status/1191226789986627584

SwiftCash might really be cheap but does it have strong community?
Doge has loyal community because of its usage in trading and transfer purposes.
And also, used in the gambling community for long time already.
If you compare the markets that are offering the SwiftCash trading pair, you can see that crex is the only exchange based from cmc.
So I guess, doge and swift is really not comparable at all.
You need to find a way where crypto users can utilize your coin for their everyday living to improve its worth.

If we had a strong community like DOGE, of course we wouldn't be this cheap. Doesn't mean we can't compare. We can compare SWIFT with anything. Some people prefer to invest in something that has already blown up, others look for potentially hidden gems. To each their own.

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November 09, 2019, 01:19:03 AM
 #72

The next buy wall on Crex is at 5 sats for about 450k SWIFT. According to the rich list there are less than 20 addresses that could fill that order and why would they for $300 https://explorer.swiftcash.cc/richlist . This is a good thing no?

That's a good point but it's noteworthy to mention that rich people often spread their coins in more than one address. Also, stupid people are unpredictable. I never thought I'd see SWIFT at this price. Otherwise, I would have saved my sats to buy lower than where I first bought. My first buy was at 100 sats.

I doubt a whale will fill that order in one trade, but the little fish might take little nibbles out of it with small dumps. It's probably a whale looking to buy the bottom that put the wall up.

The whales will be hungry when there is cheap and delicious food, there must be a thick wall down there ready to prey on anyone who wants to throw it away.

 
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