Swace ICO is a blockchain-based social gaming platform where users gain rewards for engaging with brands. SWACE ICO rating – not rated.
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PRE ICO Dates : 01/10/18 – 31/12/18
About SWACE ICO (token sale)
Swace ICO becomes a leading social gaming platform for everyone: fair, transparent and on a par with the world’s most popular platforms.
Swace ICO is a community-driven initiative, envisioned as a solution to the unsatisfactory experiences users and brands have with social networks, each from their own perspective. It is an independent platform featuring preset gaming frames brands can use to engage with users, who in turn get rewards for participating and winning games. The app’s economy is based on decentralized blockchain technology and revolves around a token called the Swace ICO Coin.
The app’s main goal is to improve the interactions between users and brands. It encourages a more active and exciting lifestyle for the users while having them engage with brands in a genuine and non-manipulative way, forming positive associations and a happier user-brand relationship. We want to enable users to be more adventurous and to give them a feeling of being appreciated and rewarded for the content they generate and for the loyalty they give a brand.
Another central aspect of Swace is the socialization between users. Being a network centered around social gaming, Swace ICO encourages healthy competition while helping the users find a balanced approach to sharing and relating to what others share. Instead of causing each other unpleasant envy and suspicions of fakeness, Swace will empower users to support each other in games, share and engage with each other, and even team up for be er rewards.
Fundraising ICO goals
Soft cap: $3,000,000. This will enable us to complete development within 5 years, but will only allow for moderately dynamic expansion.
Hard cap: $23,000,000. If this is achieved, the development will be fully completed in 18 months, and we will enter the large markets in reasonable time.
If the crowdsale campaign does not reach its minimum capital goal, all funds will be returned automatically to token holders. Unsold tokens will enter a vesting period of 1 year and following that, added to the community growth budget. The tokens of the founders and team will be locked for 2 years.
As our app is already in working order, with the first fully functional games coming in 2018, we are raising the funds to develop the project further, implementing blockchain and other new technologies to enhance it even further.
Payment Swace ICO token
Swace token is used for a store of value of means of payment, in other words a unit of account. Payment tokens (synonymous with cryptocurrencies) are tokens which are intended to be used, now or in the future, as a means of payment for acquiring goods or services or as a means of money or value transfer. Cryptocurrencies give rise to no claims on their issuer, which in this case is Swace.
SWACE tokens are not considered securities
Security tokens represent assets such as a debt or equity claim on the issuer. Security tokens promise, for example, a share in future company earnings or future capital flows. In terms of their economic function, therefore, these tokens are analogous to equities, bonds or derivatives.
The individuals purchasing Swace tokens during their distribution will not acquire the right to receive passive income. Swace tokens will be received only for active participation and completion of games. Individuals purchasing Swace tokens during their distribution will obtain the tokens at a discounted price, yet the purchase of greater amounts of tokens at an earlier me should not be considered passive income. Accordingly, the Swace tokens should not be considered securities.