In this article we will shed light on one the crypto project that is gaining significant attention in the market – Swinate. We will discuss the value of Swinate token and how it works for the benefit of its users.
What is a Token on the Blockchain Network?
In the crypto space, a “token” is a valuable unit of cryptocurrency built on top of an existing blockchain. These tokens interact with decentralized applications (dApps) that are built on top of different blockchains, to activate features of the application that they were made for.
These programmable digital units of value are recorded on a distributed ledger protocol called the blockchain. Tokens can be created to represent fungible or non-fungible units of value in the form of money, coins, points, digital items, physical assets or even rights!
When developers create a token, they decide on how many units they want to make and where these new tokens will be sent once they are created. More specifically, an organization can create a token to incentivize user interaction and distribute rewards throughout the network of token holders.
A token empowers users involved in digital transactions to safeguard the security of digital assets and eliminate intermediaries involved in this process. No third party is required to complete any corresponding financial transaction.
What is Swinate?
Swinate is a Binance Smart Chain project that acts like a bridge between Cryptocurrencies, digital assets, stock market and investment in the real estate sector backed by extra deflationary systems.
This is a legitimate project with real estate-backed tokens. It will function like a digital version of real estate investment trusts (REITs), backed by real estate development projects that are tangible and traceable. It will help empower traders by making it easier for them to invest with less money in the real estate and stock market with anonymous dividend and yield payments.
Swinate is changing the landscape
Given the growing market landscape and positive outlook of cryptocurrencies it is certain that traditional finance and crypto needn’t be on opposite ends of the spectrum. Combining the legacy of traditional banking with the allure of the crypto market could be the formula that will help crypto to crossover into everyday life.
Consumers have started using cryptocurrencies on several merchant services. The monthly average for the same has grown from $9.8 Million in 2013 to $190.2 million by 2018.
Swinate is paving the path to facilitate this transitioning economy by combining stock market, real estate fund and smart staking system with their digital money solution. Swinate redistributes the tax (8% slippage) paid by buyers and sellers, among holders.
The crypto tide is happening, and financial institutions who ride the wave could come out on top.
Cryptocurrencies are receiving unprecedented levels of attention from new investors, with the global crypto market projected to grow with a CAGR of 32%.
Why is Swinate Token Valuable?
Below are some of the advantages of the Swinate token, which can add tremendous value to your portfolio:
- Customers can earn interest by holding SWIN Token on the Binance Smart Chain
- Staking SWIN Token works via the RFI mechanism where there is no need to freeze tokens or store them in any special wallets. This not only generates passive income, but also keeps some tokens out of circulation and encourages holding and not selling.
- The smart contract adds 8% fee to each transaction. Out of this, 3% fee will be distributed amongst holders, thus a strong holder will receive a valuable reward. Remaining 5% will be added to the liquidity pool by smart contracts that are locked. This adds to the trading experience and makes it deflationary.
- The token will be a bridge to the stock market. There can be automated transfers of dividends directly from and to bank accounts.
- In the real estate field, ownership of each property is distributed across Swinate holders. Based on specific token share, owners will have the ability to collect revenue from rent, and vote on property decisions.
- After creating the token with solid token economics, the passive income community token with a rising price floor will be evolved into a utility token.
Additionally, Swinate employed 3 basic functions of Reflection, LP acquisition and Manual Burns in tokenization. Let’s go through these 3 functions in brief:
#1 Reflection (Static Rewards)
The reward amount depends on the volume of the token being traded. Holders are encouraged to hang onto their tokens to gain higher kick-backs which are based on two things – the percentage carried out and the total tokens held by the owner. A small holder at the beginning could potentially walk away with big money even with the burn function and a depreciating supply. This concept aims to eliminate the problems caused by farming rewards.
#2 LP acquisition
This automated mechanism adds more tokens to what you already have with every buy or sell of the token in PancakeSwap, without the need to explicitly stake or provide any kind of liquidity.
#3 Manual Burns
A continuous burn on any protocol cannot be finite or controlled in any way. Burns that are controlled by the team are promoted based on achievements, and this keeps the community rewarded and informed. This is because the conditions of the manual burn and the amounts can be advertised and tracked. Swinate implements a strategic burn strategy that rewards those engaged over a longer term.
Swinate has also expanded in terms of implementation of smart contracts, new strategic alliances and partnerships, bank application (fiat/crypto), broker/stock exchanges, and accounts registration. Additionally, development work on tasks automation, further expansion of the staking platform, automated stock market dividends, and fractional investment in tokenized real estate assets are the next steps towards the company’s explosive growth in the crypto space.
Swinate is well-positioned to offer investors and users a wealth of tools at their fingertips to get on-board the cryptocurrency bandwagon. Join the crypto wave with Swinate and be a part of the fintech revolution!