Jan 18, 2021
SWAAP A NEW UNIVERSAL BLOCKCHAIN PAYMENT SYSTEM
Swaap brings about the concept of liquidity on demand, using a second layer platform (Nova Bank) to allow users to exchange SAPs between themselves seamlessly, with no network fees and with liquidity-on-demand (you can convert SAPs into USD at any given time). And the funds can be further converted into several different fiat currencies, and deposited directly in your bank account. Swaap is an universal blockchain payment system, that can be used by anyone, anywhere.
With that, comes a whole ecosystem of programmable solutions to allow merchants and users to integrate and use Swaap as they use PayPal (for example). with Swaap you can pay and receive from anyone, anywhere, at any time, with seamless liquidity in fiat currency.
Currently you are able to withdraw your SAPs to the following bank accounts, through Nova Bank:
- Any IBAN European Account (EUR)
- Australian Bank Account (AUD)
- New Zealand Bank Account (NZD)
- UK Bank Account (GBP)
- Singapore Bank Account (SGD)
- US Bank Account (USD)
More options will come as the project develops.
The presale of our governance token (SAPG) will start on the 20th January, and will precede our IEO, which will take place on April. The initial price for each SAPG will be fixed @ USD 10 per token, and only a limited amount of tokens will be available during this initial stage. If you decide to chip in now, you will be listed as an early investor, and will be eligible for an airdrop later down the track. The total supply is of only 3M tokens, and the funds gathered during the presale will go towards our liquidity pool for SAP tokens, which is be pegged to USD at a 1:1 (the initial pair on Uniswap will be SAP-USDT), and towards our liquidity pool for the governance tokens as well, which will also be paired to the USDT on Uniswap. IEO is scheduled to take place in April. Login to our online app to use Bitcoin, Ethereum, Swaap, Tether, Litecoin and more, for free, without paying network fees.
One of the primary aim of Swaap, to give Cryptocurrency users a convenient means of spending and converting their Crypto to their local currency without hassle. You can use any ERC-20 wallet to hold, pay, receive or trade with SAP and SAPG, and you can use your Nova Bank account to withdraw.
SAP tokens are available outside Nova Bank, and can be purchased directly through LedgerDex. These tokens are pegged to the USD value at a 1:1 ratio, and can be exchanged for fiat currency at any time, on Nova Bank’s platform. Please note that these are not our governance tokens, which will be available to the public only after our IEO launch. The governance tokens will be paired to SAP tokens on the initial liquidity pool, and you will need to hold some SAPs in order to purchase SAPGs. We are currently working on staking options for SAP, and soon you should be able to generate passive income by staking your tokens in one of our pools. You can use the links below to access the market order for each listed pair:
- SAP/DAI (1:1)
- SAP/USDT (1:1)
- SAP/USDC (1:1)
Nova Bank stacking is live! You can earn 4.5% p.a., compounded and paid daily. There’s no bonding, and you will be automatically paid interest, based on your daily available SAP balance. All you need to do to participate, is to create your account and mint (or deposit) SAPs into it. You can withdraw or convert your balance in USD at any given time.
