Swag.Finance (SWAG)
Basics
History
"Blockchain protocol Swag.Finance is issuing its own tokens on Thursday to turn Swag.live, an Asia-focused porn site, into a truly decentralized community."
"Swag.live was an adult entertainment site that launched its governance token in early October of 2020. When Swag was quietly listed as collateral on Cream Finance, the lack of transparency surrounding the listing caused a fair amount of controversy on Crypto Twitter. Within a few weeks, the token was farmed, dumped, and delisted from Cream."
Token
Launch
- On October 15, the platform will launch its native governance token, SWAG.
Token allocation
"625 million governance tokens will be issued, of which 25 million will be used for its DAO and 60 million will be distributed to community and influencers. The rest will be distributed to the public through two events: a First Swap Event (FSE) and a Subsequent Swap Events (SSEs)."
Utility
- Governance
- From Decrypt (13-10-2020):
"To encourage community participation, SWAG investors will have the perk of watching swag.live for free. It designed an incentive program called SQUIRT: Users who actively contribute to the platform through proposals, building, staking and problem-solving, are rewarded with either stablecoins or SWAG tokens based on rules set in the SQUIRT smart contract."
Token Details
Stablecoin
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on:
- Programming language used:
Transaction Details
How it works
Mining
Staking
Liquidity Mining
Layer Two
Different Implementations
Interoperability
Other Details
Privacy Method being used
Compliance
Oracle Method being used
Their Other Projects
DEX
Governance
DAO
Treasury
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs/Hacks
Usage
"[It] claims to be the largest adult chat site in Asia. It has some 4 million users and tens of thousands of content providers."
Projects that use or built on it
Competition
Coin Distribution
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
"SWAG’s founder is believed to be the founder of cream.finance: Jeffery Huang, who is not only a crypto OG, but also brother of a famous Taiwanese singer Stanley Huang."
Funding
- swag.live having been profitable since 2017 as a centralized entity.
