Swarm (ICO)
Collaborative ownership platform for real assets
Token Sale begins on September 7th at 16:00 UTC
link bitcointalk : https://bitcointalk.org/index.php?topic=2108975.msg21080116#msg21080116
link swap: https://tokenswap.swarm.fund/
blog: https://swarm.fund/blog/
twitter: http://www.twitter.com/theswarmfund
link website: https://swarm.fund/
link swap: https://tokenswap.swarm.fund/
blog: https://swarm.fund/blog/
twitter: http://www.twitter.com/theswarmfund
link website: https://swarm.fund/
This app was developed by Swarm.Fund to safely exchange SWARM 1.0 tokens for 2.0 tokens. In order to complete the process create an account and carefully follow the instructions provided. For more information please refer to the medium article here
How to convert Swarm 1.0 into the new ERC20 tokens?
How to convert Swarm 1.0 into the new ERC20 tokens?
To those that decide to convert their old SWARM tokens into new ERC20 ones before our contribution period, we will give you a rate of $0.50 per token, which represents an approximate 1,150% return off the original crowdsale. This means you will burn 2 old tokens and receive 1 new SWARM token in return. The process will open starting July 26 and run until August 23, 2017. Visit our token transfer page here and convert your tokens today!
Swarm 1.0 was instrumental to gain a great deal of insights of what works and what doesn’t. While the industry and blockchain tech has improved to make Swarm a reality now, the key new ingredients to new Swarm initiative are a new and highly experienced team, a new token model, and most importantly an impactful and tangible go-to-market that will show results within months.
Due to problems with locked Swarm coins on Poloniex we have decided to extend and modify the tokenswap process.
We are adding an additional week for token redemptions. You may follow the official token swap process on https://tokenswap.swarm.fund/ ending on Sept 1st.
Anyone with coins that are locked in Poloniex may send us a screenshot of their holdings to tokenswap@swarm.fund. Please also add a valid ERC20 wallet address. This will allow us to reserve the corresponding amounts of Swarm 2.0 tokens for the 1.0 token holders at the current redemption rate. Subsequently, we will try to work with Poloniex to resolve the matter. Once we succeed with them, the token swap process for the tokens registered before Sep 1st will presumably be the same as currently exists, but depends on the technical response of Poloniex, which has currently stated they are having some problems with supporting the counterparty protocol.
We hope this accommodates for the difficulties our members have had in the past weeks in finding a resolution with Poloniex and are looking forward to try to contribute to the resolution. We are excited to have you along for this new journey. We value your early involvement and look forward to you joining the new Swarm 2.0. Get started with the https://tokenswap.swarm.fund/
MISSION STATEMENT: WHY WE CREATED SWARM FUND
Swarm is a fully decentralized capital marketplace platform built on blockchain technology that is entirely owned by the community. Our vision is to allow anyone, anywhere in the world, to participate in the value creation within the crypto asset category and to capture opportunity in new types of assetbacked tokens, anything from distressed real estate to solar installations to rainforest preservation projects and many more. Swarm turns financial opportunities from exclusive into inclusive. We provide the empowerment, access, and tradability so anyone can take part and have their crypto funds work for them. With Swarm we will: ◆ Make it extremely simple for hands-off, or novice crypto investors to participate in a composite of wealth creation resulting from utilizing the crypto space. ◆ Create a viable framework and hub for crypto investors to invest into alternative, asset-backed token opportunities, in order to escape market volatility. ◆ Introduce a new alternative liquidity hub for project owners with attractive underlying economics to find capital and engage with the investor community
Core Objective: Follow The ExpertsSwarm allows experts to run their own syndicates and have other crypto investors join them in projects and deal opportunities, with no middlemen involved. We are building an ecosystem of experts with any kind of edge (track record, trading ability, unique data, unique deal access, etc.) to allow crypto investors to follow and co-invest with them. This changes the mechanics of the traditional fund/GP model, as investments can be as large or small as the investor wants them to be, and they can operate the fund structures very flexibly. Also, it breaks up the syndicates of gatekeepers and rigid structures of institutional capital as it is deployed today. Core Objective: Combine Token Flexibility With Real Opportunities Crypto investors have appreciated the flexibility and immediate market-making function that tokenization has introduced. Tokens and their underlying smart contracts represent the ultimate opportunity of two parties to come together and interact without middlemen. Part of that is the freedom to trade or co-own tokens. That is the freedom we want to bring to any kind of asset class. When a participant likes an opportunity running on Swarm they will be able to pool funds together with others and invest as little or as much as they want to realize the project and see the opportunity grow. At the same time, all the projects become tradable asset-backed tokens. Participants can buy or sell these tokens whenever they want, and they decide how long to engage. All trades are made using blockchain technology, making them fast, transparent and secure
Swarm Applications
With the Swarm investment platform serving as a technology reference framework as well as a global liquidity hub, decentralized application developers will be able to create new classes of investment assets that can be used in any number of simple or complex applications. The following section lays out defining characteristics of asset classes in which to pilot the Swarm Platform, followed by subsequent sections that highlight a number of use cases that Swarm has identified as interesting target markets and which are readily deployable using the Swarm Platform
FINANCES
In our token launch, we are projecting to raise $50M USD denominated in ETH. For capital allocation, the main principle is that the lesser of 25% of funds raised or $20M will go towards operational expenses and platform development. The remaining funds will be deployed towards the initial pilot fund opportunities. That way, a higher fund raise does not increase budgets for the operations of the foundation, but benefits the implementation and impact of the overall Swarm model. Our current team members have managed individual portfolios in excess of $3B and built platforms with an excess of $32B in deal flow. Fund usage will be split approximately evenly between platform and application development.
In our token launch, we are projecting to raise $50M USD denominated in ETH. For capital allocation, the main principle is that the lesser of 25% of funds raised or $20M will go towards operational expenses and platform development. The remaining funds will be deployed towards the initial pilot fund opportunities. That way, a higher fund raise does not increase budgets for the operations of the foundation, but benefits the implementation and impact of the overall Swarm model. Our current team members have managed individual portfolios in excess of $3B and built platforms with an excess of $32B in deal flow. Fund usage will be split approximately evenly between platform and application development.
CAPITAL MARKET ADVISORS
Mark Oei
Until end of 2016, Mark was at Sequoia Capital where he served as Managing Director of the venture capital firm’s Heritage Fund, a multistrategy vehicle offering institutional investors and family offices investment exposure to multiple asset classes. As leader of the Real Asset group Mark has been seeking opportunistic real estate investments both domestically and abroad. Earlier, Mark was a managing director focused on real estate at Oaktree Capital Management, one of the largest institutional alternative investment managers in the United States, and was VP at Morgan Stanley focused on acquisitions for the Morgan Stanley Real Estate Funds. John Edge John is a capital markets expert and currently Connection Science Fellow at MIT, as well as chairman of Identity2020, a blockchainbased platform to make digital identity part of basic human rights. Among other positions he was co-founder of RedKite (real-time trading surveillance), head of Electronic Client Solutions EMEA at JPMorgan, director of Electronic Trading EMEA at Lehman Brothers and director Portfolio Trading & Advisory EMEA at UBS Investment Bank.
APPLY TO BECOME PART OF THE SWARM ON THE FOLLOWING BASIS:
https://app.swarm.fund/member-registration
Mark Oei
Until end of 2016, Mark was at Sequoia Capital where he served as Managing Director of the venture capital firm’s Heritage Fund, a multistrategy vehicle offering institutional investors and family offices investment exposure to multiple asset classes. As leader of the Real Asset group Mark has been seeking opportunistic real estate investments both domestically and abroad. Earlier, Mark was a managing director focused on real estate at Oaktree Capital Management, one of the largest institutional alternative investment managers in the United States, and was VP at Morgan Stanley focused on acquisitions for the Morgan Stanley Real Estate Funds. John Edge John is a capital markets expert and currently Connection Science Fellow at MIT, as well as chairman of Identity2020, a blockchainbased platform to make digital identity part of basic human rights. Among other positions he was co-founder of RedKite (real-time trading surveillance), head of Electronic Client Solutions EMEA at JPMorgan, director of Electronic Trading EMEA at Lehman Brothers and director Portfolio Trading & Advisory EMEA at UBS Investment Bank.
APPLY TO BECOME PART OF THE SWARM ON THE FOLLOWING BASIS:
https://app.swarm.fund/member-registration
Receive tokens which will translate to a tradable ERC20 token and allow you to use our liquid democracy platform
- Access to private in person events, including our crypto-investment seminars which provide tips from top traders and investment managers
- Access to an exclusive crypto related private communication channel for more frequent communication
- Early and privileged access to funds we are setting up, including our crypto-hedge fund
- Number of tokens purchased will be based on the Ethereum Swarm exchange rate at the time of the transaction
- The price of tokens is static till token sale date (Sept 7) after which, it will fluctuate, based on Eth price.
LEGAL AND CO-OP ADVISORS
Houman ShadabHouman is a professor at New York Law School and the cofounder of Clause.io. He is a prolific and influential expert at the intersection of law, business, and technology. His research focuses on financial technology, smart contracts, hedge funds, derivatives, commercial transactions, and blockchains. Professor Shadab is a director of the Center for Business and Financial Law and also serves as the editor-in-chief of the Journal of Taxation and Regulation of Financial Institutions. He often advises companies and financial institutions on issues relating to compliance, litigation, and operations, and serves on the advisory board of several tech startups. Mr. Shadab has testified before the federal government several times, including before the Commodity Futures Trading Commission on Bitcoin derivatives and before the Congress on hedge funds at a hearing that included George Soros and other leading figures from the hedge fund industry. He is often invited to speak at highlevel swift academic and practitioner events, including for The Economist, Stanford’s Future Law conference, Consensus 2015, the SWIFT Business Forum, and the New York State Bar Association annual meeting.
Robert Rosenblum
Robert Rosenblum is a corporate and securities partner in the Washington, D.C., office of Wilson Sonsini Goodrich & Rosati. Rob focuses on the representation of financial services firms in sophisticated regulatory, transactional, and product development projects, advising them on federal securities laws and related financial services laws and regulations.
Houman ShadabHouman is a professor at New York Law School and the cofounder of Clause.io. He is a prolific and influential expert at the intersection of law, business, and technology. His research focuses on financial technology, smart contracts, hedge funds, derivatives, commercial transactions, and blockchains. Professor Shadab is a director of the Center for Business and Financial Law and also serves as the editor-in-chief of the Journal of Taxation and Regulation of Financial Institutions. He often advises companies and financial institutions on issues relating to compliance, litigation, and operations, and serves on the advisory board of several tech startups. Mr. Shadab has testified before the federal government several times, including before the Commodity Futures Trading Commission on Bitcoin derivatives and before the Congress on hedge funds at a hearing that included George Soros and other leading figures from the hedge fund industry. He is often invited to speak at highlevel swift academic and practitioner events, including for The Economist, Stanford’s Future Law conference, Consensus 2015, the SWIFT Business Forum, and the New York State Bar Association annual meeting.
Robert Rosenblum
Robert Rosenblum is a corporate and securities partner in the Washington, D.C., office of Wilson Sonsini Goodrich & Rosati. Rob focuses on the representation of financial services firms in sophisticated regulatory, transactional, and product development projects, advising them on federal securities laws and related financial services laws and regulations.
PARTNERSBitcoin Suisse https://www.bitcoinsuisse.ch We are using Bitcoin Suisse to handle large fiat payments and AML/KYC.
Bitwala https://www.bitwala.com We are using Bitwala’s payment processing and banking services for ourselves and our partners.
Otonomos https://www.otonomos.com We use Otonomos to automate the creation of special purpose vehicles and funds in multiple legal jurisdictions.
Aragon https://aragon.network We intend to integrate a liquid democracy module with Aragon’s upcoming package manager and to use their application to manage voting.
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