SWYFT NetworkSWYFT is a Proof of Stake and Masternode Cryptocurrency project that is comprised of an ecosystem of different platforms. Unlike other crypto projects, these platforms are already launched and active, providing income to the project and maintaining the value of the SWYFT blockchain. There are currently three platforms and use cases for the SWYFT coin, with more planned for the future. Please note that the SWYFT project is not a new ICO. The project is a merge between the previous BiFrost (FROST) and SWYFT (SATC) projects and builds upon the XSN blockchain (DASH-based). Unlike many other projects that one can find in the marketplace, we believe in delivering real projects and use cases, with more in store for the future. Our existing platforms include SWYFT Play, SWYFT Host, and SWYFT Trust with Shade My Trade planned for future development.
Team BackgroundThe SWYFT team is comprised of a core group of crypto enthusiasts from across the globe. The current project team is comprised of the leaders of the former SWYFT and BiFrost cryptocurrency projects that have worked together over the past several years and decided to join forces in order to deliver bigger and better projects to the combined community and public. Under the SWYFT brand, the team aims for a family of related eco system products under the SWYFT brand. Starting out with three working products for consumers, our aims are much higher as we continue to grow and evolve the brand to meet and exceed consumer demand. We are happy to have you join us on this journey, and you will not find a more involved or proactive project team in the cryptocurrency and masternode space. Our team also continues to be aggressive in seeking out like-minded partners. One great example of this is our exclusive arrangement with Masternodes Online for incorporation of their API into the Crypto Hunter augmented reality game. As our project goals and lines of effort continue to expand, the list of partners will continue to grow. You can get a great feel for the current projects incorporated into the SWYFT brand of products here with ongoing discussions with new partners discussed on our social media accounts and Discord account,
https://t.co/05K9WrdInD .
You can see the specifics behind our company formation here:
https://beta.companieshouse.gov.uk/company/11686980Project RoadmapAt SWYFT Official, we believe in having a plan, and executing to the plan. You can check out our current roadmap here:
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We have a lot in store for the future on-top of making our three existing products big successes. You will be amazed at the dedication that the project team devotes to their work, and invite you to join us on our journey.
Project White Paper*** Recently updated:
https://swyft-bins.s3.amazonaws.com/Swyft_Whitepaper_Sept2019.pdfCoin Specifics:Max Supply: 12 Million
SWYFT Reward ExplanationFor each block, up to 7.66 SWYFT may be paid. Of this amount, 65% (4.979 SWYFT) are always divided between masternodes/stakers, and an additional 35% (2.681 SWYFT) may be paid via the governance system to approved projects. Of the 4.979 SWYFT always paid per block, Masternodes are paid 64.2% (3.196518 SWYFT) and the winning stakers are paid 35.8% (1.782482 SWYFT). This roughly works out to 41.7% of the full block + subsidy (7.66 SWYFT) for masternodes, and 23.3% for stakers and can be verified in the SWYFT block explorer.
Which gets paid to masternode and stake?Governance payments only take place when a superblock is reached, which is every 43,200 blocks (just under once a month). At that time, coins are minted for the entire month and paid to approved governance proposals. Only enough coins are minted to fund the approved projects. There are no leftover coins. Maximum Governance Subsidy Coins (assuming a full set of funded proposals) minted per superblock would be 43,200 x 35% of the 7.66 potential block (2.681 SWYFT) for a grand maximum subsidy of 115,819 SWYFT paid per superblock. So, masternode % and staking % are dependent on funded projects and they float.
Project OverviewsSWYFT HOSThost.swyft.networkSWYFT Host was the first use case for the project. It was built to assist novice users with creating and running a cryptocurrency masternode. In a few simple steps you can have your masternode of the supported coins up and running without having to deal with repositories, VPS servers and Linux commands. The service works by automatically creating and configuring the masternode service for the user in the background of the application. At certain points in the process, you will be asked to provide input or to continue to process. The overall cost of the service will depend on the coin being hosted by the platform. Ultimately, the team aims to keep costs as low as possible and competitive with other masternode hosting platforms and VPS costs on the market. Fees are paid in SWYFT, BTC, ETH, LTC, and other supported masternode coins that have the liquidity to support sells on the market without negative impact to coin value. After the merger with FROST coin, the service will be free to all SWYFT masternode coin holders desiring to use the service for an indeterminate amount of time based on coin value. Other coins will be priced based on required resources (RAM, IPv4, IPv6, etc). Fees are paid on a monthly basis and can be prepaid. Each masternode is configured using a cold wallet setup which means you never lose control of your coins like with other services on the market.
SWYFT TRUSTtrust.swyft.networkIn the cryptocurrency and masternode space specifically, there is little to no protection for those who wish to invest in this emerging field of technology. Several common dangers have surfaced, as destructive patterns continue to play out in the space. These patterns include: Exit scams, hacks, and just outright fraud. Many coins and tokens on the market are created with the sole purpose of stealing presale money from investors. This increases the already risky position Investors are taking in the volatile space of cryptocurrencies. Compounding this risk are the repeated hacks that have plagued investors, such as the Mt. Gox, StakeCube, Cryptopia, and Poloniex hacks to name a few. Fraud has become a common problem as well in community chats, with thieves posing as trusted team members, preying on new crypto investors and asking for private keys.
In order to address these issues, the SWYFT project has built an extensive verification platform which aims to solve the three biggest risks for crypto investors, through verifying the identities of Project DEVS, thorough platform security testing, and bots that monitor community servers for fraud under the SWYFT Trust brand. The verification platform will ask devs for multiple forms of ID, proof of Address, and Social media pages. If the DEV were to perform an exit scam, the Authenticate team will send the personal information of the DEV to local authorities, who will then identify and prosecute the scammer.
Projects will also have the option to have an ethical hacker test the security of their platforms and blockchain, to ensure that any loopholes are closed. This would be an ideal step during the Alpha testing phase but would be achievable at any time.
SWYFT PLAYplay.swyft.network Watch You Tube Preview!
https://www.youtube.com/watch?v=6Q0vu6qBl2g&t=9sThe primary effort under the SWYFT Play is the augmented reality game, Crypto Hunter. In the game, players collect masternode and other supported coins such at BTC, ETH, LTC in their local area and withdrawal to a local wallet or exchange. The main idea behind the game is to help turn video game players into investors by educating them on the masternode space, tools needed, and how to get started. The means to achieve this is through pop-on in game videos and advertisements displaying educational cards. The cards cover the full range of crypto currency topics to include training on conducting due diligence, setting up a masternode, and more. The game is supported on both the iOS and Android operating systems and new partners are continually being considered for addition to the game. Crypto Hunter leverages the Masternodes.Online API, and all partners expect to branch out to new investors from marketing of game play activity. Turning Hunters into Investors benefits the existing community and the project by converting more masternode holders and added buying pressure outside of the current incumbent marketplace which is becoming more saturated by further projects and the current growth rate of uptake. Crypto Hunter reaches a new market of consumers that are not necessarily exposed to the world of crypto currencies. This could change the face of the altcoin Market and add to the growth rate of projects that are pursuing large developments and want a larger or untapped Audience.
Where Can I Buy SWYFT? CryptoBridge:
https://wallet.crypto-bridge.org/market/BRIDGE.SWYFT_BRIDGE.BTCGraviex:
https://graviex.net/markets/swyftbtcThe team is actively pursuing additional exchanges for SWYFT with news announced on our Discord and Twitter.
How Do I get a SWYFT Wallet? Please note that if you are a previous SWYFT or other PIVX-based wallet, the process to create a receiving address is different with our new wallet. You can do so through either the debug panel or in the receive option - and pressing the request button. This will add a wallet address to your receiving addresses box in the File menu option.
Mac Wallethttps://github.com/swyft-project/swyft-core/releases/download/v2.0.1.1/swyft-2.0.1-osx64.dmgWindows Wallethttps://github.com/swyft-project/swyft-core/releases/download/v2.0.1.1/swyft-2.0.1.1-win64-setup.exeLinux Wallethttps://github.com/swyft-project/swyft-core/releases/download/v2.0.1.1/swyft-2.0.1-x86_64-linux-gnu.tar.gzSWYFT Network Welcome Videohttps://youtu.be/DsMsq5Q1o1kOther Useful Links for the SWYFT ProjectWEBSITEhttps://www.swyft.network/BLOCK EXPLORERhttps://explorer.swyft.network/SWYFT HOST (MASTERNODE HOSTING)https://host.swyft.network/MASTERNODES .ONLINEhttps://masternodes.online/currencies/SWYFT/TWITTER
TELEGRAM
[url=https://t.me/SatoshiWorld]https://t.me/SatoshiWorldDISCORDhttps://discord.gg/NHBSHqhYouTubehttps://www.youtube.com/channel/UCkanJ63EmH99S0a-dWEnK0Q/featuredFacebookhttps://www.facebook.com/swyftnetwork/Instagramhttps://www.instagram.com/swyftnetwork/LinkedInhttps://www.linkedin.com/in/swyftnetwork/CoinMarketCaphttps://coinmarketcap.com/currencies/swyft/If you have any questions for the team, just let us know!
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