At the beginning of 2017 online gambling market was evaluated at $44.16
billion, by the end of the same year it grew to $47.4 billion. Estimated
market capacity in 2018 is $52 billion and it’s expected to reach $81.7
billion by 2022.It is obvious that the market has an immense potential.
The problem, however, is that the rules of the gambling business have
remained unchanged for centuries. No doubt, casinos and other providers
constantly try to attract new clients with new gimmicks:
rewards,bonuses, prizes, beautiful images, etc. Technologies change as
well: from simple wooden tables and slot machines, to online games, and
newest block-chain technology.
In reality, it does not matter what technology is used or what gimmicks
are used to attract gamers to the casino. The core of it is still the
same and quite simple: no matter what the clients do, the casino gets
everything. Those who don’t gamble themselves take everything from those
who are passionate and like a good game. They take everything and get
excess profit. Also, based on our surveys, casino customers are very
venturous people who are constantly looking for action and novelty. They
get bored very quickly, and have to move from one casino to another in
continuous search for some diversity.
It is time to change the game rules in the Gambling Universe.
The Swace Solution
Swace developers saw all these issues and decided to come up with a solution. The solution is legal according to EU and Lithuanian regulation. Normally, there are two types of tokens: utility and security. A security token is a document that confers certain ownership rights to the holder. In essence, it is an advanced type of IOU.
The other type of token is the utility token. These tokens offer access to a service via the blockchain. They give holders a defined utility inside the network. In essence, a utility token is an advanced coupon for future services. Most people take part in utility token ICOs in the hope that the value will rise.
How Swace Social Gaming Rewards Blockchain Works
For some, none of these two tokens is the right choice. If your preference is in between these two, then the Swace solution is perfect. They have developed something called the payment token.
The SWA token is not a security or a utility. When you take part in the Swace ICO, you will not gain part ownership of the Swace Company. Besides that, there is no promise of getting future services. Instead, you will be getting a sort of locally applied currency. When the Swace project launches in May, you will have the in-app wallet as a way to purchase goods and services.
In the app ecosystem, users will be able to pay to participate in games. They will also be able to purchase goods. However, this does not mean you are purchasing services from the company. It is kind of exchanging money in a foreign nation so that you can buy goods. When you give your Euros and get rubbles or rupees in return, you expect nothing but money. You simply place the coins in your wallet and choose how you will spend them. This is the way a payment token works.
Swace developers saw all these issues and decided to come up with a solution. The solution is legal according to EU and Lithuanian regulation. Normally, there are two types of tokens: utility and security. A security token is a document that confers certain ownership rights to the holder. In essence, it is an advanced type of IOU.
The other type of token is the utility token. These tokens offer access to a service via the blockchain. They give holders a defined utility inside the network. In essence, a utility token is an advanced coupon for future services. Most people take part in utility token ICOs in the hope that the value will rise.
How Swace Social Gaming Rewards Blockchain Works
For some, none of these two tokens is the right choice. If your preference is in between these two, then the Swace solution is perfect. They have developed something called the payment token.
The SWA token is not a security or a utility. When you take part in the Swace ICO, you will not gain part ownership of the Swace Company. Besides that, there is no promise of getting future services. Instead, you will be getting a sort of locally applied currency. When the Swace project launches in May, you will have the in-app wallet as a way to purchase goods and services.
In the app ecosystem, users will be able to pay to participate in games. They will also be able to purchase goods. However, this does not mean you are purchasing services from the company. It is kind of exchanging money in a foreign nation so that you can buy goods. When you give your Euros and get rubbles or rupees in return, you expect nothing but money. You simply place the coins in your wallet and choose how you will spend them. This is the way a payment token works.
Why Blockchain?
For transparency, security and micro-paymentsInnovative decentralized community-based ecosystem
3rd party service and products integration
Business Model
Commissions for transactions, Swace Swap exchangesSwace Marketplace
Brand partnership fees for gamified user engagement
Why onboard?
Users
- Reward in real value coins and brand prizes
- Self appreciation, acknowledgement
- Fun, rewarding gamified lifestyle
Businesses
- Unique advertising and media channel
- High levels of continued user engagement
- Users form habit of using the brand's products
Token distribution
Budget allocation
Pre-sale & ICO
Stages
SWA
Token Name
$0.02
Price
2 700 000 000
Tokens
Roadmap
Our journey since 2015 and into the future
2016
2015 Q3 - 2016 Q1 Concept created
2016 Q3Prototype created
2016 Q4Development launched (iOS)
2016 Q4Legal setup in the United Kingdom
2017
2017 Q2Development launched (Android)
2017 Q2Legal setup in Lithuania, EU
2017 Q3MVP testing, UX/UI design
2017 Q4MVP presented at Web Summit, Lisbon
2017 Q4Selfiemus rebranded as SWACE
2018
2018 Q1SWACE ICO legally set up in Lithuania, EU
2018 Q2ICO pre-sale
2018 Q2App launch on Google Play and App Store with challenges
2018 Q2ICO
2018 Q2New game types presented & Swace Dapp development launch
2018 Q2Legal setup in United States of America
2018 Q3Swace Swap 3rd party integration
Team
An entrepreneur with 15 years of experience in international business management, has founded and developed several successful businesses including, most recently, Transcount and decentralized payment network Transcoin.
Dovydas Riasnojus
Head of Business Development
A creative professional, responsible for marketing and sales at international companies in a variety of B2B and B2C industries. She has executed numerous successful marketing campaigns with impressive ROI.
Elina Mesengiser-Garber
CMO
Creative Director and partner at Bechtle & Milzarajs, Head of Creativity at The Atomic Garden school of Advertising, with years of experience at the world’s leading agencies and multiple awards to his name.
Antonio Bechtle
Creative Director
Co-founder of Device Origin with extensive experience in designing corporate, informational and personal websites as well as online shopping solutions, web and mobile applications with uncompromised usability and engaging UX.
Vaidas Barauskas
Head of Design
An athlete with multiple junior records and championships to his name, participated in the 1996 Olympics in Atlanta, U.S. Now a licensed trainer: in sports training, sports medicine, and sports nutrition, founder of JC Sport.
Jean Claude Edorh
Swace Lifestyle Ambassador
Young and promising designer with a great perspective, a good sense of style, and an intuitive understanding of current trends in design.
Tautvydas Tumas
Designer
Business Development Manager, Global at Eskimi. Certified online marketer helping multiple agency clients grow their businesses. Has published acclaimed papers, scientific models and conversion-rate oriented attribution models.
Aurimas Paulius Girčys
Head of Digital Advertising
Writer, translator and editor for many years, with SMM experience in several languages and industries.
Olga Lempert
Copywriter
Experienced developer focused on serverless, scalable cloud solutions using microservice architecture. He is a senior software engineer at NFQ, specializing in custom mid/large scale projects using Symfony and Laravel frameworks.
Paulius Kaminskas
Tech Lead
An iOS developer for over 4 years, strong in object-oriented programming, Cocoa Touch framework, as well as MVC programming pattern.
Darius Janavičius
iOS Developer
Known for his customer support and data analysis skills, currently lead of customer support for Transcount (an international freight management SaaS company).
Vladyslav Čechovič
Data Analyst
Director of legal department at Mining Union (Crypto mining farm), BA&MA in business law and business administration. Specialized in accounting, Lithuanian law, business administration and cryptocurrency.
Ksenija Dulskienė
Crypto Finance Consulting
For more information:
www.widewings.euhttps://medium.com/swace
https://www.swace.io/downloads/Swace_Whitepaper.pdf
https://bitcointalk.org/index.php?topic=3675956.0
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1925101
ETH Address: 0x5B606c2F10687e77dc7Fe644E429320C6a39Df63
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Swace campaign project
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