Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Swaap | Enabling individuals and companies to do business globally
by
eXtremal
on 11/02/2021, 11:20:03 UTC
a little confusing when I see they sell 50,000 SAPG, but they say they can buy it with SAP token, why don't they sell it directly with usdt, usdt or any other stable coin

Maybe it was their strategy to make their coins increase slowly but it was a little confusing too. but it's best to ask this personally. So that this doesn't become a dream for you Wink
Maybe you forget that the SAP token is a stable token like USDT (1: 1). so the value will never increase, even if the demand is large and the trading volume is high. as for the token whose price continues to move up / down is SAPG.
Can anyone prove that the Swaap project is partnered with Nova Bank, I would like to see an official announcement from Nova Bank, that they are partnering with Swaap

It's fine if the token is indeed stable and has not experienced a drastic increase. But will it be stable if the Bitcoin price continues to grow? will the token continue to be stable?

Hi, yes for SAP and no for SAPG. SAP tokens are pegged to the US dollar value at a 1:1 basis, so if the BTC price increases in dollar terms, the SAP price will remain the same, while the BTC price in SAP terms will also increase. Our governance tokens in the other hand, SAPG, have a free-floating market value, and its value might increase and decrease independently, even though altcoins such as this one, tend to be - at least on some degree - correlated to Bitcoin, so sometimes you will see BTC prices increasing and SAPG prices following its trend.
ok, does the SAPG sale only take place at uniswap? I want to try to buy it a little bit but the transaction fee is very unreasonable, maybe you have to make changes if you want SAPG sales to sell out quickly