Konstantin Petrov

What is Swftcoin (SWFTC)?

SWFTC provides SWFT Blockchain with the sources of liquidity needed to offer faster cross-chain swaps at the best rates, and with low fees. The extra sources of liquidity that SWFT Blockchain gets from SWFTC's trading pairs on dozens of exchanges give it an advantage over other swap providers.

In addition, SWFTC holders benefit from a 50% discount on fees charged by SWFT Blockchain. This means that SWFTC holders can swap cryptocurrencies across chains with a fee of only 0.1%.

SWFTC is also expected to gain utility as the future governance token for SWFT Blockchain's upcoming DEX aggregator which will combine its years of cryptocurrency swap experience with decentralized, innovative solutions.

After launching as an ERC-20 token on Ethereum, SWFTC is now also live on Binance Smart Chain and HECO.

More about SWFT Blockchain

SWFT Blockchain is a cross-chain swap aggregator, while SWFTC is the native token of SWFT Blockchain. SWFT Blockchain focuses on cross-chain swap of DeFi, Gamefi, Metaverse, etcetera. One important function of SWFTC is to be used as membership for all SWFT Blockchain products. Upon holding, users are entitled to transaction fee discounts, community governance, and other rights and interests.

SWFT Blockchain (www.swft.pro) was established in Silicon Valley in 2017. It is a cross-chain swap aggregator for DEX/CEX/NFT marketplaces, both on-chain and off-chain. Combining blockchain and Artificial Intelligence technology, it now supports all major public chains, including BTC, ETH, Polygon, Arbitrum, Polkadot, BSC, Heco, Solana, Terra, Fantom, Tron, OkexChain, XRP, and 400+ cryptocurrencies, as well as mainstream NFT trading platforms and NFT projects. With one click, users can enjoy a really swift cross-chain swap that is fast, safe, and characterized by low rates. With 4 years of effort and dedication, SWFT Blockchain has products covering the following fields:

1. SWFT Blockchain Wallet APP (iOS/Android): This allows you, upon registration, to use a one-click cross-chain swap through the wallet, as well as access to multiple additional functions, including social media red packets, payment, aggregate transactions, group buying, mining pools, etc.

2. SWFT AllChain Bridge (www.allchainbridge.com), H5 Version One-Stop Cross-chain Swap: It can be directly connected to the user's wallet (no registration or login required) and swap can be accomplished simply with one click. Recently, we launched the NFT swap section on the platform. Users now have access to leading NFT trading platforms such as OpenSea, LooksRare, Rarible, Treasureland, Bakeryswap, as well as leading NFT projects such as Bored Ape Yacht Club. Users can also use any token on any chain supported by SWFT to swap for top NFTs with one click, which greatly facilitates the smooth multi-chain flow of blockchain assets for DeFi and NFT users.

3. SWFT Cross-Chain Swap API + Widget: This provides a third-party wallet/platform integration and partnership with no extra cost, including the right to share transaction fees.

4. The Beta Version of the SWFT NFT Aggregator (www.linknft.io): Combined with cross-chain technology, this has aggregated many NFT marketplaces, just like 1inch version of NFT marketplaces. Users can purchase popular NFT projects from multiple public chains with any tokens, and the system will automatically match the best price for users. It is the NFT cross-chain platform trading NFTs with one click.

SWFT Blockchain has received investment from first-tier venture capitals in the United States including Draper Dragon, and graduated from Berkeley Blockchain Xcelerator’s first-ever batch in 2019. In the past four years, it has established cooperation with many industry elites, and its swap API has also been integrated into many well-known wallets, including MathWallet, Ledger, Huobi Wallet, TokenPocket, Ballet, BePal, MyKey, BitKeep, and so on.

Tokens listed on the SWFT platform can also enjoy exposure and traffic from major wallets and platforms, which usually lead to increased liquidity. SWFT Blockchain also has a mature risk control mechanism to ensure the safety of users’ assets and it has not encountered any security incident since its inception in 2017

What Is Umbrella Network (UMB)?

Umbrella provides access to revolutionary financial datasets for blockchain app developers in the crypto space as well as those with an interest in real-world business transactions.

The decentralization power of the Umbrella Network is centered around the UMB utility token, which is used for staking, community votes and rewards and incentives. By introducing a layer two blockchain integration, Umbrella Network creates a highly scalable oracle solution.

Who Are the Founders of Umbrella Network?

Samuel Kim is a founding partner at Umbrella Network. He graduated with a master’s degree in business administration from the University of Chicago Booth School of Business in 2007. He also attended the University of Columbia in 1998. In 2002, Kim became a consultant for the World Bank, and in 2008 he joined Credit Suisse as an associate.

In 2012, Samuel Kim set out on his first major entrepreneurial venture by co-founding The Mobile Majority (acquired by Gimbal in 2016), where he was the COO until 2016. The company functioned as a mobile advertisement advisor and campaign manager for enterprise clients. In 2017, Kim started a new venture — Lucidity, a digital advertising protocol utilizing blockchain technology. He is still a board member at the company.

What Makes Umbrella Network Unique?

The Umbrella Network is one of the first to empower the development of decentralized financial applications based on real-world data. Not only that, the company prides itself on the virtually infinite scalability opportunities the network provides.

By utilizing blockchain technology to create a new future for DeFi, the Umbrella Network brings personal and enterprise finance to the 21st century. In addition, the protocol uses data feeds from multiple sources to calculate the most accurate price in the market, thus presenting users with the most up-to-date information. Last but not least, the Umbrella Network is completely decentralized when it comes to governance. Thanks to the UMB token, stakeholders, validators, and developers have the opportunity to participate in governance votes and decide the future of the network.

Related Pages:

Read more about Plasma Finance.

Find out more about Ocean Protocol.

Learn more about DApps.

Have a look at the CoinMarketCap blog.

How Many Umbrella Network (UMB) Coins Are There in Circulation?

The Umbrella Network supports a maximum supply of 46,405,087 UMB tokens. The total supply is 56,405,087UMB tokens. The current circulating supply is 18,282,511 UMB tokens.

Out of the total token supply, the Umbrella Network foundation and treasury will receive 13%, of which 10% will be dedicated to a special development fund. Another 20% of the supply will be equally divided among founding team members and early contributors to the project. The remaining 67% of the supply is divided as follows: 10% towards public sales, 37% towards a rewards pool, 10% towards a node fund and the final 10% towards a dedicated partner fund.

How Is the Umbrella Network Network Secured?

The Umbrella Network is based on the Ethereum blockchain and utilizes a delegated proof-of-stake (DPoS) consensus model to ensure the security of the data transfer process. The DPoS Umbrella community owns the majority of UMB tokens and will elect validator nodes to serve as representative governing bodies over the Oracle service.

The DPoS consensus mechanism is also what allows the Umbrella Network to be extremely scalable. While tokens like Bitcoin rely on the proof-of-work (PoW) consensus to validate nodes and transactions on the blockchain, the Umbrella Network relies on stakeholders to become validators. The proof-of-stake mechanism also requires considerably less electrical and computing power to process transactions, allowing projects like the Umbrella Network to be more scalable.

Where Can You Buy Umbrella Network (UMB)?

Since its launch in 2020, the UMB token has attracted the attention of a lot of investors. If you are looking to purchase UMB coins, your best bet is Uniswap V2.

Other exchanges supporting trades in UMB include:

Gate.io

AscendEX

MXC.COM

1inch Exchange

It is important to note that investing in cryptocurrencies carries risk, just like any other form of investment.