About Swapity
Swapcoin Overview
Users who contribute Ether to help fund Swapity will receive Swapcoin tokens. Swapcoins are tradable Ethereum tokens that grants users access to functions relating to Swapity. Swapcoin holders as a collective receive 100% of the profits generated by the exchange. There will only be a fixed total supply of Swapcoins. If the crowdfund does not sell out all extra Swapcoins will be destroyed.
Profit Distribution
Once you are a Swapcoin holder, every 12 weeks you will be granted special privileges within the platform that will enable you to claim profits. For example, if you hold 1% of all tokens you would have access to 1% of the profit the exchange generates. Exchange profits will be converted to Ether for claimers to withdraw.
Swapcoin Functions
Swapcoins are also used for other functions like voting. Users who hold Swapcoins may vote on a number of proposals such as adding new coins to be listed to swap on Swapity and adding new features to the platform.