Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Swaap | Enabling individuals and companies to do business globally
by
Swaap
on 05/03/2021, 18:27:38 UTC
ᴥ 26/02/2021: After much deliberation, we have decided to expand our platform to the Binance Smart Chain. With the recent spike on gas fees on the Ethereum network, it became almost impossible for small retail investors to take advantage of all the benefits that we aim to provide to these individuals, and we firmly believe that blockchain is all about accessibility and democracy, and as for today, Ethereum is none of these. While our current infrastructure built on Ethereum will not be compromised by any means, this move will bring tremendous benefits to our users, allowing very low-fee transactions on a platform that has now proven to be reliable and consistent. Since most of the development of our platform happens off-chain, it won't be affected on any shape or form, and tokens on both networks will benefit equally from our updates and new features. We will be deploying the smart contracts for the new BEP-20 tokens in the next few days, while working on a few changes in our website to accommodate the new network compatibility. Initially, we will migrate Swaap Stablecoin (SAP), which will be named Binance Swaap (BSAP) on the new network, followed by our governance token, Swaap Governance (SAPG), which will be named Binance Swaap Governance (BSAPG) on the new network. Supply of both tokens won't change and any BEP-20 tokens issued, will have its ERC-20 counterpart burned. More information will be made available in our social media channels