Presentation and definition of the crypto-currency Swarm City (SWT)
- Name of the crypto-currency : Swarm City (SWT)
- Abbreviation : SWT
- Where to buy Swarm City ? Binance
- Creation Date : January 2017
- No white paper
- Web Site of Swarm City
The platform Swarm City
Swarm City is an open source platform trade decentralized. It works through the blockchain Ethereum. The concept of trade means, an exchange of property or goods between two persons minimum, against a currency, which may be cash or a currency. This requires two things : the ability to communicate between the parties and the ability to perform a transaction. Swarm City allows the users to communicate and effect a transaction in a fully decentralised way, without n there was no intermediary. No bank, no organization, no organization is not involved in the transaction. The network enables secure transactions at a lower cost.
The operation of Swarm City
The operation of Swarm City is based on the platform Ethereum. Swarm City interacts with the blockchain Ethereum. Via “The Terminal”, the interface of Swarm City, users can create their profile and receive/ send tokens. Then, it is thanks to the “Boardwalk” that users will be able to create a query for any service, by identifying it with the help of a hashtag. The principle of Swarm City is, therefore, to allow an exchange of services peer-to-peer token crypto-currency, like platforms known as Airbnb or Uber. An application like Uber involves two intermediaries in the transaction : the bank organization of the two parties, and the application itself, which will collect both fees. Swarm City aims to remove these intermediaries.
The tokens SWT
For all payments made on Swarm City, using tokens SWT (Swarm City Tokens).