ANNOUNCEMENT:

First of all, we want to thank you for your efforts over the past three plus month as we tried to launch Swapper.io.

Unfortunately, the ICO did not go as any of us has had hoped. The passage of the new tax bill has ruled that only real estate will be applicable for Section 1031 Exchanges, which wipes out the primary purpose of Swapper. We have been busy with our legal team analyzing the possibility of continuing in one way or another but under the new law it is impossible, and we have been forced to close down our operations

We have decided to return all the Tokens issued through the ICO.

We will return the same value of Tokens that were purchased during the ITO and we will return that value in the same currency the purchaser used (ETH or BTC).

Our logic here is to return the same amount, USD based, as the SWAP tokens purchased.

We have paid legal, advertising and other administrative costs from our personal funds and will not get any reimbursement for those expenses. Our initial investments which currently well exceeds $15,000.00 will also be a loss for us to incur.

To all the bounty hunters involved, thank you for your efforts. We have al risked and, in this case lost. This is obviously part of the game, so we appreciate the effort and the risk that was taken by everyone and hope we all have better results in our future endeavors.

Any questions can be directed to info@swapper.io. This thread will be locked in 48 hours.

Thank you,

Michael, Matthew and Marty

Swapper.io

ANNOUNCEMENT:

First of all, we want to thank you for your efforts over the past three plus month as we tried to launch Swapper.io.

Unfortunately, the ICO did not go as any of us has had hoped. The passage of the new tax bill has ruled that only real estate will be applicable for Section 1031 Exchanges, which wipes out the primary purpose of Swapper. We have been busy with our legal team analyzing the possibility of continuing in one way or another but under the new law it is impossible, and we have been forced to close down our operations

We have decided to return all the Tokens issued through the ICO.

We will return the same value of Tokens that were purchased during the ITO and we will return that value in the same currency the purchaser used (ETH or BTC).

Our logic here is to return the same amount, USD based, as the SWAP tokens purchased.

We have paid legal, advertising and other administrative costs from our personal funds and will not get any reimbursement for those expenses. Our initial investments which currently well exceeds $15,000.00 will also be a loss for us to incur.

We appreciate the effort and the risk that was taken by everyone and hope we all have better results in our future endeavors.

Any questions can be directed to info@swapper.io. This thread will be locked in 48 hours.

Thank you,

Michael, Matthew and Marty

Swapper.io

It certainly would be interesting. However it depends entirely on the possibilities each legal framework offers. For now people from from outside the U.S. can still purchase SWAP tokens and in that way participate in the project. Are you U.S. based? Just curious.

Thank you for your interest. We will work hard to convince you then! 


You are correct. The service will be for traders and investors who are subject to US tax law. However, anyone legally permitted to do so can purchase tokens in the ITO.

For the rest, an announcement:

Pursuant to US Law, Swapper is required to know its customers and prevent money laundering. We have partnered with Civic to ensure full compliance in that regard and ensure the integrity of our ITO. This was a last minute upgrade from our previous solution and is the cause of the delay.

The token sale will be live at 08:00 PM Eastern Time in the United States or UTC -5 worldwide.

https://swapper.io

It will start soon. We are implementing CIVIC for KYC/AML regulations. Will be safer, easier and more trustworthy for users. Apologies for the slight delay.

Thank you. Stay tuned as we are also working with Civic to provide identity management and know your customer rules for the ITO.

We are pleased to announce that Arteezy, a professional bounty campaign manager from the community will take over the campaign. Hopefully this will make it a more effective experience for everybody involved. This thread will be locked now and a new one will be posted. Everything will remain as it was regarding terms and conditions. Thank you for your interest. If you have any questions contact us at: community@swapper.io

Of course. It is not a give. Please specify it, we will take care of it thanks for participating.


We believe that the project can pull forward, given that it is a relatively simple blockchain tool to build with a very important and clear use case. We are also looking for other sources of funding in parallel to this ITO from institutional investors. Unless the ITO is a big failure and the community is clearly not interested, we will continue in order to give purchasers the possibility to benefit. We will announce the roadmap and plans after the ITO and will always be as transparent as possible.

What we mean is that technologically it is not hard to develop and will serve a very specific, concrete need. The law in itself is complex, of course. However the idea is born from practice, as our founder, who is a trader and lawyer, and has been using IRS 1031 exchanges consistently in his trading. Swapper is already legally registered as a Qualified Intermediary in the US. The idea is to make this process as simple as possible for traders and investors, while showing them how to protect their profits through diligence and good practice.

We have updated the ANN to include the team's LinkedIn profiles, please check them out if you are interested. The project will incorporate advisors as it progresses. If you have any questions you are free to ask here or at community@swapper.io.

At this time, TradeQwik and the decentralized ERC20 exchanges are confirmed. We have contacted HitBTC, Bittrex and Poloniex. They will be watching the project. In the end it comes down to the success of the ITO. Rest assured we want this to succeed for everyone involved.


Thank you! We will do our best to build a useful tool for the US based community and for purchasers around the world.

Correct. That was exactly what we were aiming for, albeit without a clear explanation.


Hello Estrange18, you are totally right. Our bad. We have hidden the columns with sensitive information (Facebook and email accounts) so only people from the team can see them. The bounty will be paid in ERC20 SWAP tokens and details on how to claim them will be sent to accepted participants.

What did you have in mind? There isn't one currently but we are open to ideas? Maybe we could work something in if it sounds beneficial.

The bounty for Medium is paid upon completion of an original arrgicle/post to Medium. It can't be a copy and paste or translation. Of a current, a few have been done like that and credited toward translation bounty. So to clarify, if you write an aenglish oriinal piece for Medium about swapper and than translate it and post that as well, you would receive stakes for both campaigns in that scenario only. Otherwise if you only do one or the other you will receive stakes in the respective category I hope that helps a bit?

Thank you for participating. Swapper is a project that was born years ago and we realize the importance of this phase. We are truly trying our best and hope the community will support us, as the tool and possibilities are meant for all of us. Regards.

Of course! Please sign up using the form and we will contact you. If you want to make it quicker please write to community@swapper.io talking about your idea and linking your blog. Thanks for your interest.


Thanks for your interest. We have updated the ANN for clarity: The soft cap is $250,000 USD, equivalent to the first phase. As the tool is not as complicated as others in the cryptosphere our costs are not so high and we are confident that we will build it no matter what. The team is also in talks for funding from different ventures, as the idea could be very useful even outside of crypto assets.


Fixed it. Thank you for pointing it out.

Hello, thanks for your interest in the project. Sorry if we were not clear, will rephrase in post: the soft cap is the 250,000 of the first phase. As the tool is not as complicated as others in the cryptosphere our costs are not so high and we are confident that we will build it no matter what. The team is also in talks for funding from different ventures, as the idea could be very useful even outside of crypto assets and our smart contracts are asset neutral.

Hello. We are truly sorry if anyone was offended by our stake system, it was not our intention at all to be discriminatory. Just to clarify, our goal is to reach a US audience as the tool will only be useful to those affected by US taxes. Our system was poorly crafted and it has been changed. Apologies to everyone. We humbly accept our mistake and hopefully the community will understand. Regards.



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Please accept our sincere apologies. We have changed the structure to reflect our goals better.

Yes. When using the Swapper platform the fee is paid per swap in the currency that you choose to exchange from. The fee schedule is not finalized, however, the fees will be kept to an absolute minimum as the goal is volume in order to accommodate both large and small exchange users.