What is SWAPP Protocol?
MultiChain SWAPP Protocol (SWAPP) is a blockchain-driven infrastructure that empowers individual consumers and institutions to take control of their data. It is a decentralized, fairly launched, and ETH and BNB paired utility token used to facilitate yield farming rewards and as the form of rewards within the SWAPP smartphone app and browser extensions.
SWAPP Protocol is a MultiChain smart contract launched on Ethereum (ERC-20) and Binance Smart Chain (BEP-20), democratizing the data industry and putting the power over consumer data where it belongs: in the hands of each individual consumer.
The purpose of the SWAPP token is two-fold. Firstly, SWAPP aims to create a thriving DeFi ecosystem consisting of token holders who can participate in various forms of yield farming and who will ultimately become founding users of the forthcoming SWAPP mobile app. Secondly, upon launch of the subsequent SWAPP mobile app, users will enjoy powerful, new features including turn-key data monetization and privacy-enhancing capabilities.
SWAPP is a "real company" with a proven track record in the big data industry and has well-known data partners such as LiveRamp, Google, Nielsen, and many more. The platform pays 100% of the data revenue back to users of the smartphone app, similar to how Brave Browser pays users in BAT tokens.
The total supply of SWAPP tokens is approximately 761M, but over the next 18 to 36 months, SWAPP will burn almost half of the token supply, making it deflationary. The platform programmatically uses a % of interest it earns to auto-buy SWAPP tokens on Uniswap, then burns them forever, reducing the supply and putting upward price pressure on the token price. Unlike other tokens, SWAPP will have a minimum amount that the token price can ever fall to because it is forever backed by ETH on the Uniswap exchange.
The SWAPP founders and development team consist of talented business professionals who are experienced in blockchain infrastructure and Big Data experts who have been in the industry for years. Their aim is to democratize the data industry and put the power over consumer data back in the hands of individual consumers.
SWAPP is a unique platform that aims to solve the problem of data monopolies by giving control to the consumers. The platform offers a decentralized way to safeguard investors from a range of projects that might pull out the liquidity or sell off vested tokens. On the other hand, projects can leverage its ecosystem from raising funds token price and liquidity boosting staking and liquidity mining applications.
In conclusion, SWAPP Protocol is a platform that aims to democratize the data industry, empower individual consumers and institutions to take control of their data, and create a thriving DeFi ecosystem. With its deflationary token economics, unbreakable price floor, and a team of experienced professionals, SWAPP has the potential to revolutionize the data industry and become a game-changer in the blockchain space.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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