Swyft announces the release of Swyft Trust!
The Masternode market has been rife with scams and failed projects. For those who have been
invested in the Masternode market for some time, this is not news. Almost every day, new coins
with unsustainably high ROI percentages come onto the market, luring investors who are trying
to make a quick buck. Inevitably these coins dump to near zero, sometimes due to no real usecase, but other times due to exit scams.
Far too often, the leaders of these projects make big promises to investors, only to steal
presale money and dump premine coins onto the market, and abandon the projects.
Unfortunately, there is no accountability for these thieves, and investors are left at a complete
loss. This not only hurts the investors who lost money, but it also hurts the reputation of the
masternode market and crypto in general.
KYD (Know Your Developer) was an early solution to this problem at least on the surface. The
idea of KYD was to take the developers personal information, verify their identity, and offer the
community recourse if a scam occurs. While this was a good idea in theory, it has failed
miserably. Reports have surfaced that KYD does not even take the information of developers,
and that the KYD Approval stamp actually means nothing, only amounting to a false sense of
trust given to investors.
Swyft has developed a comprehensive verification platform that not only verifies the identities
of coin developers, but also the security of platforms. We have seen over the past few months
that crypto security remains a significant issue underscored by the hacks of several major
exchanges, including Binance and Cryptopia. These security breaches resulted in millions of
dollars worth of losses. As part of Authenticate, thorough security testing will be conducted on
all relevant platforms to ensure the safety of investors funds.
To conclude, Swyft Trust is a comprehensive verification platform that seeks to protect
investors from multiple angles, including scams and hacks. Coins that possess the Swyft Trust
stamp of approval show that they are transparent, are held accountable, and have gone to
great lengths to ensure safety of funds. In the Crypto world, trust is everything, and Swyft
Trust is the place to find it.
For more information on Swyft Trust, please visit the website: https://trust.swyft.network/
To contact the Swyft team and begin Authenticating your coin or platform, please send an email
to admin@swyft.network or contact one of the DEV team members on discord through the link:
https://discord.gg/fgsrmYq
invested in the Masternode market for some time, this is not news. Almost every day, new coins
with unsustainably high ROI percentages come onto the market, luring investors who are trying
to make a quick buck. Inevitably these coins dump to near zero, sometimes due to no real usecase, but other times due to exit scams.
Far too often, the leaders of these projects make big promises to investors, only to steal
presale money and dump premine coins onto the market, and abandon the projects.
Unfortunately, there is no accountability for these thieves, and investors are left at a complete
loss. This not only hurts the investors who lost money, but it also hurts the reputation of the
masternode market and crypto in general.
KYD (Know Your Developer) was an early solution to this problem at least on the surface. The
idea of KYD was to take the developers personal information, verify their identity, and offer the
community recourse if a scam occurs. While this was a good idea in theory, it has failed
miserably. Reports have surfaced that KYD does not even take the information of developers,
and that the KYD Approval stamp actually means nothing, only amounting to a false sense of
trust given to investors.
Swyft has developed a comprehensive verification platform that not only verifies the identities
of coin developers, but also the security of platforms. We have seen over the past few months
that crypto security remains a significant issue underscored by the hacks of several major
exchanges, including Binance and Cryptopia. These security breaches resulted in millions of
dollars worth of losses. As part of Authenticate, thorough security testing will be conducted on
all relevant platforms to ensure the safety of investors funds.
To conclude, Swyft Trust is a comprehensive verification platform that seeks to protect
investors from multiple angles, including scams and hacks. Coins that possess the Swyft Trust
stamp of approval show that they are transparent, are held accountable, and have gone to
great lengths to ensure safety of funds. In the Crypto world, trust is everything, and Swyft
Trust is the place to find it.
For more information on Swyft Trust, please visit the website: https://trust.swyft.network/
To contact the Swyft team and begin Authenticating your coin or platform, please send an email
to admin@swyft.network or contact one of the DEV team members on discord through the link:
https://discord.gg/fgsrmYq