The rise of platforms facilitating cross-blockchain transactions has revolutionized the cryptocurrency landscape, enabling seamless and efficient exchanges between various digital assets. These platforms address the growing demand for interoperability, reducing the friction associated with moving assets across different blockchain networks. SWFT Blockchain offers a user-friendly solution that combines blockchain technology with artificial intelligence to provide fast, secure, and low-cost transactions. At the core of this ecosystem is SwftCoin (SWFTC), the native token that powers these advanced functionalities.

What is SwftCoin (SWFTC)?

SWFTCoin (SWFTC) is the native cryptocurrency of the SWFT Blockchain platform, initially launched as an ERC-20 token on the Ethereum blockchain in October 2017. The token has since expanded its presence to multiple blockchains, including Binance Smart Chain (BSC), HECO, and ETHF, enhancing its accessibility and utility.

SWFT Blockchain, founded in Silicon Valley in 2017, aims to revolutionize the cryptoverse by creating a secure and user-friendly cross-chain platform. By integrating blockchain technology, machine learning, and big data, SWFT Blockchain facilitates direct swaps between over 350 cryptocurrencies across more than ten blockchain and layer 2 networks. The platform supports various digital assets, ensuring a fast, affordable, and secure experience with low fees.

In December 2017, SWFT Blockchain launched its mobile app, enabling exchange services at four major exchange platforms. By June 2018, the platform had expanded globally, providing transfer services for up to 40 currencies on 20 exchange platforms.

SWFT Blockchain’s innovative approach has garnered significant recognition and support. It won first place at the 2019 Shenzhen Fintech Innovation Competition and was selected to be part of the prestigious Berkeley Blockchain Xcelerator program. The platform has also received financial backing and support from top Silicon Valley venture capitals like Draper Dragon.

Key figures in the SWFT team include CEO Ramble, an early cryptocurrency and blockchain pioneer; CTO Zhanlei Ma, a technical expert with a background in securities and consumer finance; and CFO Alex Witt, an early investor in Bitcoin and Ethereum with a solid background in equity research and venture capital investments.

Today, SWFT Blockchain supports over 400 cryptocurrencies and integrates with major public chains, providing users with a seamless cross-chain swap experience. The platform has established a stable relationship with governments and financial institutions, further solidifying its position in the blockchain space.

How Does SWFT Blockchain Work? Cross-blockchain Platform

SWFT Blockchain is revolutionizing cross-chain swaps with its AI-powered technology, offering users a seamless, efficient, and secure experience across various blockchain networks. The platform aims to enable fast and easy cryptocurrency transfers, ensuring optimal asset allocation and best execution prices through advanced algorithms and a robust infrastructure.

SWFT Blockchain uses AI-powered algorithms for cross-chain swaps, enabling seamless transfers through atomic swaps and interconnected exchanges. Unlike AXL/Tronchain’s DeFi focus or POA/Wormhole bridges, SWFT emphasizes efficiency, security, minimal trust assumptions, and optimal asset allocation in its robust infrastructure.

The SWFT Blockchain Wallet app, available on iOS and Android, is a feature-rich application that allows users to effortlessly perform one-click cross-chain swaps. In addition to swapping, the app provides various functionalities such as red packets, spot trading, payment integration, aggregate transactions, and group buying. This makes it a versatile tool for users to manage their digital assets conveniently.

SWFT AllChain Bridge is another crucial component of the SWFT ecosystem. This web-based platform requires no registration or login, allowing users to connect their wallets and execute swaps with a single click. The recent addition of an NFT swap section enables users to access leading NFT trading platforms like OpenSea, LooksRare, and Rarible. This feature facilitates the smooth multi-chain flow of blockchain assets for DeFi and NFT enthusiasts, making trading tokens for top NFTs across supported chains easier.

SWFT Bridgers is a decentralized trading platform that operates across multiple public chains, providing a secure, efficient, and cost-effective trading experience. Supporting chains like BSC, Heco, OEC, Polygon, and ETH, SWFT Bridgers ensures enhanced security, low transaction fees, and fast speeds. This platform caters to diverse users, offering a versatile and inclusive trading environment.

The SWFT Cross-Chain Swap API and Widget offer comprehensive integration solutions for third-party wallets and platforms at no additional cost. Partnering with SWFT Blockchain allows seamless integration and revenue-sharing opportunities through transaction fees. This integration solution is designed to provide a smooth user experience while driving adoption and enhancing the ecosystem’s growth.

SWFT Blockchain’s business objectives and advantages focus on providing a user-friendly platform for cryptocurrency transactions. The platform caters to individual users by offering a safe and robust transfer environment with low fees, accessible through the website and mobile app. For commercial users, SWFT provides tools for machine learning and big data mining, offering a safer, faster, and more affordable trading environment.

SWFT’s overall architecture comprises client apps for iOS, Android, and web, making it easy for both individual and institutional users to effectuate transactions. The back-end system includes account management, currency transfer, and multiple transfers bridge, connecting mainstream exchanges and providing more liquidity to users. Data storage is ensured through local and advanced cloud storage solutions, guaranteeing the safety and longevity of data.

The main advantages of using SWFT Blockchain include quick and easy processes, optimal asset allocation through AI algorithms, best execution prices, affordability, and strong global partnerships. By integrating AI and blockchain technology, SWFT makes cross-chain swaps significantly more efficient and cost-effective, connecting global exchanges and OTC markets to end-users with the most updated and comprehensive information on digital monetary assets.

Source: swft.pro

What is the SWFTC Coin?

SWFTC is the native cryptocurrency of SWFT Blockchain, enabling secure cross-chain transactions and swaps. Its maximum supply is capped at 10 billion units, of which 4 billion (40%) are already in circulation (July 2024).

SwftCoin (SWFTC) is an Ethereum-based blockchain asset that adheres to the ERC-20 token standard, enabling it to perform similar functions to other cryptocurrencies like Bitcoin, Litecoin, and Ethereum. SwftCoin enhances convenience and speed as it does not involve transactions with fiat currencies. It holds the potential to serve as a common ground for transfers between different cryptocurrencies, making it valuable for financial institutions and cross-border payment companies that require a unified currency for secure transactions. Additionally, the Over-the-Counter (OTC) market benefits from SwftCoin’s robustness for settlement and transparency, avoiding fiat regulatory risks.

The distribution plan for SwftCoin allocates 50% of all tokens to the initial token sale and community initiatives, supporting the long-term growth of SWFT and SwftCoin tokens and aiding platform development. Specifically, 30% of all tokens were distributed during the initial token sale, while 20% were reserved as an asset to benefit early investors and market promotion. The remaining 50% of tokens are distributed among founders and development teams over four years, with 12.5% allocated annually. This allocation supports community initiatives, business development, academic research, blockchain education, and market expansion.

Source: swftcoin whitepaper

Incentives for founders, employees, and the development team make up 20% of the token distribution, forming part of their compensation packages, which vest over four years. Additionally, 25% of tokens are allocated for business development, market expansion, and investment, funding strategic planning, project support, and coin swap initiatives. A further 5% is designated for academic research and education, sponsoring blockchain technology education through research institutions or dedicated organizations.

SwftCoin’s thaw plan ensures the systematic release of tokens assigned to founders and development teams over four years, with 12.5% released each year. Registered in 2017, SWFT sold 30% of SwftCoins initially, fueling the ecosystem’s growth and consistent development. Founded by Ramble Lan, a pioneer in cryptocurrency and blockchain technologies since 2010, SWFT Blockchain has garnered support from leading venture capitalists like Draper Dragon and was among the first startups in the Berkeley Blockchain Xcelerator. This support underscores SWFT Blockchain’s credibility and potential in the evolving blockchain landscape.

SwftCoin Use Cases

SwftCoin (SWFTC) is designed to be the recommended payment method for transaction fees across the SWFT platform, enabling seamless and efficient cross-chain swaps. Its primary function is to enhance user experience by offering cost-effective solutions for various financial operations.

• Transaction Fees: SwftCoin is the recommended payment method for transaction fees on SWFT’s platform, ensuring lower costs and smoother transactions.
• Main Transfer Platforms and OTC Markets: Customers can use SwftCoin on major transfer platforms and OTC markets. When using SwftCoin as the primary payment method on SWFT, users receive additional discounts.
• Service Fees: SwftCoin is the exclusive payment method for service fees. SWFT collaborates with traditional financial institutions and cross-border payment companies, utilizing SwftCoin for settlement fees to provide blockchain solutions.

By integrating SwftCoin into these scenarios, SWFT Blockchain aims to offer a more efficient and user-friendly platform for cryptocurrency transactions, ensuring security and affordability for its users.

SWFT Revenue Model

The SWFT Blockchain generates revenue primarily through transaction and service fees. Users incur transaction fees when using the platform, with discounts available if paid in SwftCoin tokens. This incentivizes usage and promotes SwftCoin as a standard for cryptocurrency conversion fees. Additionally, the platform offers services like automatic transfer under complex conditions, providing optimal currency transfer execution based on global trading data, and intelligent quantitative conversion strategies using machine learning models to predict currency price fluctuations and suggest optimal investment strategies, further generating service fees.

Source: swftcoin whitepaper

Is SWFTC a Good Investment?

SwftCoin (SWFTC) offers promising features such as facilitating cross-chain swaps and offering users discounts on transaction fees when using the SWFT platform. This can drive demand and adoption, potentially increasing its value. However, a possible downside is its reliance on the overall success and continuous usage of the SWFT platform. If the platform fails to attract sufficient users or faces stiff competition, it could negatively impact the coin’s value and utility. As with any investment, it is essential to consider both the potential benefits and risks.

How to Own SWFTC?

To own SWFTC, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and getting it verified and funded. Then, you are ready to proceed with the steps to buy SWFTC.

News on SwftCoin

Even if the news is not very recent, it is important to note that AlveyChain (WALV) has been listed on SWFT AllChain Bridge! AlveyChain, a decentralized Layer 2 blockchain, offers a unique metaverse with a virtual reality experience. It is the world’s first blockchain platform to feature a VR Exchange, ensuring seamless and secure trading in an immersive environment. With SWFT AllChain Bridge, cross-chain swaps are now effortless.

Take Action on SWFTC

Check out SWFTC price today, and start trading your favorite currency pairs.

• SWFTC/USDT