Swarm Network: Enabling the Creation and Management of Digital Assets

Another one is ItsBlockchain’s crypto gem series, the Swarm Network is a decentralized autonomous organization (DAO) made up of folks who have come together to promote the adoption of digital securities and security tokens. It is essentially an open-source platform that enables the creation and management of digital assets.

Swarm Network’s fundamental goal is to create and maintain an open infrastructure for digital securities, as well as a free, trustworthy, and internationally accessible financial marketplace for all of its users.

As a result, the platform encourages research, development, and teaching at the foundation layer in an effort to introduce decentralized, open-source protocols and tools to the financial industry. This will not only transform the way financial products are operated in today’s world, but it will also enable developers to create next-generation decentralized financial services applications.

Technology Architecture

Swarm uses the SRC20 protocol, which is a permissionless, open standard that anyone can use. Swarm users have complete control over the development and maintenance of regulatory-compliant digital assets as a result of this.

The four contracts below are linked to a specific SRC20 token and interact with each other as well as other worldwide SRC20 smart contracts.

Tokenomics

The SWM token is the utility token of the SWARM ecosystem, and its total supply stands at 100,000,000. The toke serves various purposes such as governance, staking SWM Uniswap LP Tokens, and staking SWM.

• Governance: Participate in network voting for the treasury, council members, fees, and rewards, among other things.

• StakE SWM Uniswap LP Tokens: Earning high rewards by providing liquidity to the Swarm Network ecosystem. 

• Staking SWM: Staking SWM tokens to get incentives and participate in network governance.

Swarm Network also intends to shift away from incentives that encourage network support and toward incentives that deliver significant value-added services to the token holders’ community. SWM will have three fundamental functions on the Swarm platform to do this, each distinctly adding value. These are: 

• SWM as Gas
• SWM as Voice
• SWM as Value

Milestones and Future Roadmap

SwarmPoweredFundraise or SPF has been one of Swarm’s most significant milestones. This was added to the Swarm Protocol in the second quarter of 2020. Essentially, SPF allows issuers to set up fundraising campaigns with various parameters, register different currencies to be accepted in the fundraiser, register and manage affiliates who may contribute to the fundraiser, and receive refund options as well as issuer security functions, among other things. 

Swarm has also developed an interesting partnership with Siemens, Europe’s leading industrial manufacturing business, to construct white-label financial infrastructure for a sustainable energy project in Africa, using their platform stack.

In May 2021, it was announced that the SWM could be used as a valid payment method on all websites and dApps that used DePay. 

Being a self-service tokenization and fundraising platform with built-in compliance and whitelisting, Swarm has also made it feasible to tokenize any asset and make it available to investors.

Swarm has also launched the mySwarm APP, which allows users to generate regulatory-compliant tokens, run fundraisers and collect investor contributions, easily distribute tokens to investors after the fundraise, manage tokens, distribute dividends, and distribute tokens so on.

Price Performance History

As of  late May 2021, the current SWM price stands at $0.075968. With a total market capitalization of $ $6,011,767. The highest ever SWM price recorded was $2.16 in Jan  2018, while the lowest SWM price was recorded in march 2019 when the price was $0.00054216.

Conclusion

Swarm network aims to become a world leader in easily creating and managing digital assets by offering open, permission-less tokenization and no-cost fundraising. To learn more about Swarm Network, you can check them out on their website, or Twitter, Medium, or Telegram.