Swash leads a new paradigm in data, breaking traditional data monopolies

Swash Leads a New Paradigm in Data, Breaking traditional Data Monopolies

Original author: CryptoDAO

Swash's mission is to create a new data economy centered on access, collaboration, and compensation. At the heart of this movement is the upcoming SWASH token.

In Swash's ambitious roadmap, it only makes sense to empower the ecosystem to integrate all areas Swash touches through the key pathway -- Swash tokens.

Read on for more on SWASH token economics, use cases, governance models, the SWASH roadmap, and what happens with whitelists and ID0s in the coming weeks.

Distributed data solutions

Swash's mission began with data federation, giving control back to individuals, breaking data silos, and providing fair rewards. With the adoption of the Swash browser extension, individuals began to be rewarded for the combined power of their data.

There is one avenue that will power the entire Swash ecosystem: Swash tokens.

Cryptographic native motion

Since launching in 2019 as the world's first data consortium, Swash has used encryption as an incentive system. So far, DATA Consortium members have been compensated for their DATA aggregation capabilities through DATA tokens after Swash's integration with the Streamr network, which is one of them.

As Swash moves into the next stage of its roadmap, Surf, there is a need for a native encryption solution. The new SWASH token will provide support for data federation, first-wave solutions, governance oversight for users, and several other entirely new use cases to support the creation of a new data economy.

The unity of Token

SWASH tokens are built on four core principles:

incentive

trading

multiplication

governance

Each Swash First Wave solution will benefit from and integrate the principles of tokens for a seamless experience. Let's look at each token aspect in more detail.

SWASH token reward

Data Federation members will receive SWASH tokens as compensation for the total energy of their data while browsing. But the experience won't be any different. Members can continue to surf the Web normally using the Swash browser extension and receive Swash tokens on the application dashboard, with a variety of options to earn tokens.

In short, everyone can participate in the new decentralized data economy and generate rewards in the crypto native state, whether you understand the crypto ecosystem or not.

Use SWASH for transactions

The SWASH token will integrate with all applications in the SWASH ecosystem. For example, when an organization using sIntelligence subscribes to the platform, individuals whose data powers insights into the platform will receive value generated in return.

On sApps (applications built on top of Swash's core technology), all value generated by people and organizations in their research and marketing efforts will be distributed in Swash tokens. For example, when Data Union members choose to join sAd (an advertising platform allowed by Swash) and start interacting with targeted ads from brands, they all receive Swash tokens.

Developers and data scientists using sCompute have a similar mechanism to monetize their innovative research by using the platform.

SWASH's governance capabilities

As Swash progresses along its roadmap, token holders will influence the path forward based on their voting rights and choices about which projects should receive funding to advance the Swash ecosystem.

Swash token holders will be an integral part of the roadmap, working with the Swash team in a distributed way to mainstream the solution. The advent of daOs and growth funds will allow holders to be more deeply involved.

Multiply your rewards

SWASH tokens will provide liquidity through collateral and holders can earn more passive income from their data. As Swash plays a key role in micro-revenue streams, token holders will benefit from Swash's partnerships with other products, enabling the conversion of data rewards across ecosystems.

In addition to increasing rewards, token holders will be able to use their rewards to support humanitarian causes through an upcoming donation feature in the Swash app.

All Swash applications work on an integrated basis, allowing individuals and organizations to fully immerse themselves in an encrypted native environment with Swash at its core.

SWASH token metrics

SWASH tokens will become an integral part of the entire SWASH ecosystem and open to all who are interested in a level playing field in the data world.

Swash's core contributors and team have developed a vision to reach a level where everyone joins and participates in the future of the data economy.

Token allocation

Swash is excited about the upcoming public offering of its native token, Swash, while creating incentives for long-term participation by all interested parties.

Swash's token allocation reflects the commitment of team members, founders, and early backers to work together to make Swash a mainstream solution in the data space.

The public offering will be at $0.09 / tokenThe price provides the total supply5% (50 million Swash tokens). Early investors accounted for 22 per cent of the token supply, while founders, team members and advisers held 25 per cent of the total issue. The Swash Foundation will hold 15% of the total supply, and Swash will allocate 5% to the liquidity reserve,To ensure that demand is met in a sustainable manner.

Swash is committed to the growth and wide participation of every token-holder,Allocate 14% of the supply to daOs and 14% to community and platform rewards.

Issuance Date of Token

The token offering schedule and allocation for the long term reflect the right incentives that Swash has put in place to provide freedom for the community to participate in the public sale.

SWASH tokens available for public sale have no vesting period, allowing any holder to use the token immediately. However, team members, advisers and early investors have a 36-month ownership period to ensure long-term commitment to the project.

Swash financing

Swash successfully raised $4 million in an oversubscribed round led by KuCoin, Outlier Ventures, and Streamr ($7 million raised to date), There are also 30 well-known venture capital firms from 20 countries and angel investors backing Swash.

This round of funding will enable Swash to achieve its ambitious roadmap and leverage the initial growth from one Trands solution to the launch of the first wave.

Check out the white paper for more details on the solution, the roadmap, and the next steps of the Swash movement. In the meantime, if you're interested in participating in this round of pre-orders, you can register your interest here.

Link: swash.typeform.com/investors

To stay up to date on ID0 and get priority on the whitelist, please subscribe to the mailing list.

Link: swashapp. IO/blog/meet - the - swash - token/swashapp. IO/newsletter

Stay tuned for an upcoming episode on how to join the open sale.

The whitelist process and ID0 will take place in October 2021. (Please follow our official account for details.)

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About the Swash

Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the potential value of data by aggregating, securely sharing, and monetizing its value.

People share their data to earn income while retaining their privacy. Enterprises access high-quality zero-sided data in a sustainable and compliant manner. Developers can easily set up and build systems within a collaborative development framework.

Swash is reimagining data ownership so that all participants in the data economy can capture, access, build, and collaborate in a fluid digital ecosystem of data.

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