SWYFT Is Revolutionizing the Mobile Payment Ecosystem2020-04-012020-04-01https://www.swyft.network/wp-content/uploads/2020/01/logo-2.pngswyft networkhttps://swyft.network/wp-content/uploads/2020/04/swyfftt-publish.jpg200px200px
SWYFT Network: Catering to the Global Demand for a Crypto-based Mobile Payment Ecosystem with an Incentivized Approach for Users of All Skill Levels.
The demand for mobile payment systems has been on a massive rise. As per the latest report from Markets and Markets, ”The global mobile payment money market size is expected to grow from USD 3.4 billion in 2019 to USD 12.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period”.
Tapping this growth model into a MasterNode and POS substitute, SWYFT has been focused on developing the most compelling mobile payment ecosystem powered by App-Based smart contracts.
SWYFT has developed a portable peer-to-peer digital currency with an incentivized payment structure, named POH-POP. The platform aims to address the most common pain-points which new entrants face, knowledge of scripting, setting up a VPS, constant monitoring and wallet limited to a local machine without mobile flexibility on the move.
SWYFT has completed the foundation for rewards to holders, so they can get started on the outward facing value to their project. Details of these approaches are listed below, alongside Metrics of Rewards. The metrics have been aligned to create stable growth and price stability which will be used longer term within a tokenized payment solution.
SWYFTT’s current Total supply is 1,334,308 (This includes April’s 2020 Redeem allocation). The team and the community get rewarded in parity against the below design allowing the assurance that we grow together.
Our Mission statement is to generate Value over Volume for all
POP – PROOF of PARTICIPATION
“No more leaving that computer on or paying staking pools a fee to generate rewards”
• Redeem (POP – “Proof of Participation”): The redeem facility is easy and serves as a staking substitute. True “HODLers” of the SWYFT token on all non-exchange addresses receive monthly bonus payouts. Similar to the token staking process, these bonuses are weighed against the volume of SWYFT tokens held and recoverable only to the logged addresses.
The SWYFT token holders are further incentivized for project support and engagement to a high level of payout linked to incentives. SWYFT is revolutionizing the mobile payment ecosystem.
Annually the Metrics have been determined on a roll back from the vesting (POH – “Proof of HODL”) harvest contracts. These have been calculated to:
General Payment (ANNUALLY)
Objective Met Payment (ANNUALLY)
Std Gas cost + 0.01 ETH service charge
It is important to note that these are just for holding and are retrievable monthly by going to https://dapp.swyft.network and clicking the Redeem function. It has also been tailored that in order for the Redeem function to be profitable minus the transaction fee at today’s market value, there is a feasibility limit of 1000 tokens needed to be held in order for this to be economical to call off. As the price increases the feasibility level will reduce.
At today’s price of $0.26 cents 1000 tokens cost $260
Once each redeem cycle has been announced at https://t.me/SWYFTLTD there will only be a 2 week period to retrieve awarded tokens before it expires. Each month’s redeem cycle must expire to generate the following month’s calculation. As we class this as a participation bonus, it requires users to check in on the progress of the project at least once a month.
Higher levels are paid for added value activity. (i.e increased Re-tweets, community growth, increased community sentiment managed my messages sent)
Tokens not retrieved will be used against the following month’s allocation, giving the project the ability to mint less and maintain a lower growth supply through its timeline. The snapshot is currently taken towards the end of the month for a start of the next month’s payout, but this may be randomized to avoid manipulated movement of tokens from exchanges to wallets in order to capitalize and send back.
If the Redeem function stipulates you have no tokens available, this was because you had your tokens in the wrong place at the snapshot and therefore unrewarded.
POH – Proof of HODL
“Monitoring VPS and node uptime are a thing of the past, with a guaranteed return regardless of how many contracts are run”
• Vesting (POH – “Proof of HODL”): Aiming to enhance price stability, the SWYFT Network implements “harvest contracts” with an actual lockout that is adaptable against the market direction. Harvest contracts offer flexible timing of lockout while simultaneously guaranteeing higher loyalty income.
Whilst there is no max and a flexible approach to which contract(s) you take, it couldn’t be easier to earn on the move with a mobile approach to a Masternode substitute. SWYFT is revolutionizing the mobile payment ecosystem.
Solid foundations have been sought and calculated to avoid ROI Chasers but actual investors looking for return against a backdrop of price stability to use the SWYFTT token as a solid payment solution with a supported buying pressure from new entrants looking for an easier solution then trying to configure a VPS or periodically checking uptime.
The metrics below have been identified to maintain a growth plan that is aligned to project delivery and help return investor value against a steady supply increase. SWYFT is revolutionizing the mobile payment ecosystem.
Three timeframes will be implemented at commencement with the 12 Month being considered for something SWYFT are currently under discussion with a potential partner. The entry threshold (min number of tokens) for each tier has been carefully thought out for the short, medium- and long-term holders.
At today’s price of $0.26, 5,000 tokens would cost $1,300 and 10,000 tokens would cost $2,600
Vesting can be initiated from the mobile dApp screen https://dapp.swyft.network. From here you will find useful things like a calculator. You can take advantage of several contracts if your volume allows and remember the above principal does not mean you cannot lock up 10,000 tokens in a 3 Month contract you only need to meet the Min threshold.
There will be several tabs you can click on to allow you to see days remaining on your current contracts and will let you know when these are mature and ready for call off.
Maturity Call Fee
0.05 ETH + Std Gas
0.01 ETH + Std Gas
0.10 ETH + Std Gas
0.10 ETH + Std Gas
0.01 ETH + Std Gas
0.20 ETH + Std Gas
0.15 ETH + Std Gas
0.01 ETH + Std Gas
0.30 ETH + Std Gas
Please note: Vesting requires a set-up fee and will be charged at the start of the lockup. If you decide you want to renege on your contract you can do this within the action box. The cancellation process will cost an exit fee and take up to 7 days before your tokens are released allowing users to understand the liquidity movement from locked to unlocked as an exception on the Dashboard.
You will also only be returned the collateral you locked up and rewards will be sacrificed for breach of terms.
These rewards won’t be minted allowing again a reduction of the growth plan. The higher cancellation fee is to reduce the number of indecisive investors, and maintain stability within our circulating supply of which we will be asking tracking sites such as CMC, Coin Gecko to add an exception for the POH contract address to remove from circulating when locked.