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Curve Bifurcation project Swerve is about to start, completely free of predig and private placement

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The total number of tokens was 33 million.

On September 4th BlockBeats announced the launch of Swerve, a new Swerve for Curve, a bifurcated stable-currency exchange. Swerve's goal is to create a community that survives when incentives fail.

According to official disclosures, Swerve USES a mechanism of fair scrip distribution, no predig or private placement, and is entirely owned by the community. Swerve allows users to provide liquidity to get ySWRV scrip and then deposit their mortgage into the Swerve DAO to earn SWRV scrip. Initially, Swerve started only one Y-pool, and later a decision on whether to add another liquidity pool based on DAO governance was made. In addition Swerve deletes the whitelist of smart wallets from voting contracts such as those in the YFI Ecosystem that can also participate. SWRV voting upgrade takes effect for 1 hour.

In the scrip allocation model section, Swerve issues a total of 33 million governance scrip SWRV in 6 years. To spur growth Swerve will offer more SWRV prizes in the first two weeks, about 9 million SWRV, the same number as the SWRV scrip awards in the first year. Starting from year two, three million tokens will be released each year.