[ANN] Swaap | Enhancing multichain payment systems

[mcconcepcion]

0

[Dron Pelya]

It's nice to read that swaap team is working. And I think, if they really make easier way to mint SAP through Nova Bank, paying with credit card, will incrase interest to swaap project. Let's see...

[Swaap]

It's nice to read that swaap team is working. And I think, if they really make easier way to mint SAP through Nova Bank, paying with credit card, will incrase interest to swaap project. Let's see...

Hi, thanks for your comment. You can already pay for SAP and SAPG with your debit or credit card on Nova Bank the process is seamless, and your coins are credited in your account as soon as your payment is confirmed.

[Badmanthought]

Has anyone from this forum tried purchasing $SAP Stablecoin using PayPal Buying Option? The experience is awesome, Swaap is indeed a game changer for me

[bittick]

It's nice to read that swaap team is working. And I think, if they really make easier way to mint SAP through Nova Bank, paying with credit card, will incrase interest to swaap project. Let's see...

Hi, thanks for your comment. You can already pay for SAP and SAPG with your debit or credit card on Nova Bank the process is seamless, and your coins are credited in your account as soon as your payment is confirmed.

does SAPG will be totally pegged with SAP? I have also another question about that whether SAP backed by something like USD to make it stable or not? I really appreciate your answer dude. Thank you so much

[Swaap]

It's nice to read that swaap team is working. And I think, if they really make easier way to mint SAP through Nova Bank, paying with credit card, will incrase interest to swaap project. Let's see...

Hi, thanks for your comment. You can already pay for SAP and SAPG with your debit or credit card on Nova Bank the process is seamless, and your coins are credited in your account as soon as your payment is confirmed.

does SAPG will be totally pegged with SAP? I have also another question about that whether SAP backed by something like USD to make it stable or not? I really appreciate your answer dude. Thank you so much

Swaap Governance (SAPG) is not pegged. Is our governance token and its value will be the one determined by the market. Swaap Stablecoin (SAP) on the other hand, is pegged to the USD and fully backed. The target is to keep each SAP to be worth one USD, and we have been very successful on doing it to date. Yesterday's crash was a big test, and coin still kept its peg. You are also able to convert your SAP into fiat using Nova Bank. The platform is already operating and you can get in and out SAP any time you want.

To check on SAP price etc: https://www.coingecko.com/en/coins/swaap-stablecoin

We are also offering a range of staking and saving options to our token holders, with APYs ranging from 5.5% up to 10%. Please visit https://www.swaap.org/earn for more info, and for understanding how you can earn your tokens, if you can't purchase any just now.

[Swaap]

Just a heads up for our recent updates!

ᴥ 23/02/2021: Don't want to buy? EARN SWAAP TOKENS! We have added a new section in our website, dedicated for staking and earning related information. You can visit https://www.swaap.org/earn or simply use the main menu to navigate to the "Earn & Stake" option. We also have major news to our airdropping and purchasing programs:

New Airdrop Campaign
We have launched a new airdrop campaign for liquidity providers. We will be paying an average of 120% APY with monthly payouts, to liquidity providers to our Uniswap pools. If you want to learn more, please visit https://swaap.org/liquidity-providers/ or contact us via our social network profiles.

PayPal Buying Option
We have added the option for you to purchase Swaap Stablecoin (SAP) with PayPal, using your credit or debit card to do so. Swaap Governance tokens (SAPG) will be available for purchase too, at a fixed price of USD 10/token, until the end of our presale round on the 20th March 2021. You can now visit https://www.swaap.org/purchase to buy our tokens.

Some great news to the community and to all project's supporters! And we will be soon implementing new rewarding programs to the community, so keep posted on our updates.

ᴥ 21/02/2021: Transparency is in our core, and that's why we have decided to rework our SAP token webpage, bringing more transparency to the token supply and market metrics. Until we have full circulating supply, we will update this page regularly so you will know exactly the current circulating supply, market cap and supply under custody of our SAP tokens. Visit https://www.swaap.org/sap to check it out.

ᴥ 20/02/2021: We have updated some of our ANN wording and added some more information in here. We have done this to make our ANN more up to date to our project's roadmap, and reflect the progress made on our platform more visible and easy to understand for our users. All the old wording and old information are still available for historical reference.

ᴥ 19/02/2021: Swaap Stablecoin is now on CoinGecko! Now you can track SAP pricing through one of the most reputable crypto pricing aggregators out there. Visit our Ecosystem Page to know more, or click here to check our Swaap Stablecoin page on CoinGecko.

[Usala]

I made a loan request via novabank, and the process speed was astonishing, super fast!
Thanks Swaap!

[Swaap]

ᴥ 26/02/2021: After much deliberation, we have decided to expand our platform to the Binance Smart Chain. With the recent spike on gas fees on the Ethereum network, it became almost impossible for small retail investors to take advantage of all the benefits that we aim to provide to these individuals, and we firmly believe that blockchain is all about accessibility and democracy, and as for today, Ethereum is none of these. While our current infrastructure built on Ethereum will not be compromised by any means, this move will bring tremendous benefits to our users, allowing very low-fee transactions on a platform that has now proven to be reliable and consistent. Since most of the development of our platform happens off-chain, it won't be affected on any shape or form, and tokens on both networks will benefit equally from our updates and new features. We will be deploying the smart contracts for the new BEP-20 tokens in the next few days, while working on a few changes in our website to accommodate the new network compatibility. Initially, we will migrate Swaap Stablecoin (SAP), which will be named Binance Swaap (BSAP) on the new network, followed by our governance token, Swaap Governance (SAPG), which will be named Binance Swaap Governance (BSAPG) on the new network. Supply of both tokens won't change and any BEP-20 tokens issued, will have its ERC-20 counterpart burned. More information will be made available in our social media channels

[MoneyJ]

It sure is a good move financially but technologically Ethereum chain is the optimum gauge for DeFi and other DAOs. Well there is always a way to balance the economics of blockchain.  Since Binance Smart Chain derived its mechanism from Ethereum there will be similarities in operations but not the price.

[Swaap]

ᴥ 02/03/2021: Today we have officially launched on Binance Smart Chain. Our liquidity pools are open for staking on PancakeSwap, and you can purchase or mint $BSAP (BEP-20 for SAP) through Nova Bank, and you can purchase $BSAPG (BEP-20 for SAPG) directly from us, until our presale stage ends. Join our Telegram Group (https://t.me/SwaapCrypto) and follow us on Twitter (https://twitter.com/SwaapCrypto) for daily updates! More info on the links below:

- Ecosystem (https://swaap.org/ecosystem)
- Binance Swaap (https://swaap.org/binance-sap)
- Binance Swaap Governance (https://swaap.org/binance-sapg)

[Moremoney01]

Swaap pre-sale end on 8th days from now, what will happen to unsold tokens, will it be moved back to the treasury account?

[Badmanthought]

Swaap pre-sale end on 8th days from now, what will happen to unsold tokens, will it be moved back to the treasury account?

All tokens allocated to the presale round not sold until the 20th this month will be burned.
I guess burning of unsold will reduce total supply and as well circulating supply. Thereby creating a huge market demand. Better to buy $SAPG now at pre-sales price

[koang]

All tokens allocated to the presale round not sold until the 20th this month will be burned.
I guess burning of unsold will reduce total supply and as well circulating supply. Thereby creating a huge market demand. Better to buy $SAPG now at pre-sales price

Burning tokens will create scarcity and will usually drive up prices but all that will only happen if the project has a good product and a large community so that it will create a large demand.

Once the SAPG is listed on the exchange, we will see if all this will go according to plan

[Moremoney01]

All tokens allocated to the presale round not sold until the 20th this month will be burned.
I guess burning of unsold will reduce total supply and as well circulating supply. Thereby creating a huge market demand. Better to buy $SAPG now at pre-sales price

Burning tokens will create scarcity and will usually drive up prices but all that will only happen if the project has a good product and a large community so that it will create a large demand.

Once the SAPG is listed on the exchange, we will see if all this will go according to plan

Yes you're right, hopefully to see a market uptrend after list on exchange

[aidit45@gmail.com]

All tokens allocated to the presale round not sold until the 20th this month will be burned.
I guess burning of unsold will reduce total supply and as well circulating supply. Thereby creating a huge market demand. Better to buy $SAPG now at pre-sales price

Burning tokens becomes an alternative to increasing the price, because a limited token will have a positive effect in addition to the concept of a project in the future

[koang]

One more use case SAP...

Be My Creative Studio (https://bemycreative.net/) is now accepting SAP as payment for all creative work!
https://twitter.com/SwaapCrypto/status/1373194497601900545

[klarki]

Information about the financing of the project:



Source  link: https://t.me/swaapcrypto/4480

Official Update Note 25/05/2021 [Bounty info]:

The project has gone to a silent two months since our last update, mostly due to the disappointing results of our presale round and the lack of funding to cover development and other costs. Firm and loyal to the cause though, is Nova Bank, and last week we managed to strike a new deal for funding and stakes distribution to our bounty campaign, which will allow us to resume on development and keep moving the project forward for the months to come.

Full info: https://forum.swaap.org/showthread.php?tid=70