Fresh off the launch of the first live security token framework globally, Swarm fuels community participation through unprecedented giveaway
PALO ALTO, Calif.–(GLOBE NEWSWIRE)–Swarm (www.swarm.fund), the blockchain for private equity, today announced the launch of an unprecedented airdrop of its SWM token occurring through the rest of March and April in a promotion it is calling “SWM March Madness 20/20.” Swarm is offering three ways through which its community can receive added SWM tokens during SWM March Madness: a Know Your Customer (KYC) verification bonus, a referral bonus and a wallet minimum bonus.
“Since the public token offering in October last year, we’ve been hard at work focusing on delivering product and have hit every milestone along the way,” said Philipp Pieper, CEO and Co-Founder of Swarm. “Keeping true to our mission of democratizing finance, we hope that this will serve to encourage even more people to participate in, help grow, and benefit from both the Swarm community and cryptocurrency community as a whole.”
The promotion will have three different segments:
- Know Your Customer (KYC) Bonus: Swarm users that successfully complete KYC verification will automatically receive 10 SWM in their wallet. The bonus will also be applied to those who completed KYC verification before the promotion.
- Referral Campaign Bonus: Swarm users who refer a new user who successfully completes KYC verification will earn a referral bonus of 5 SWM for each new user sign-up.
- 20/20 Airdrop: The largest segment of the promotion, the 20/20 Airdrop, will give a 20 percent bonus to any registered Swarm user based on the total SWM held in a Swarm wallet, with a maximum of 20,000 SWM (capped at a total bonus of 4,000 SWM).
The SWM March Madness 20/20 campaign will kick off on March 13. Swarm expects to keep the promotion open up until late April, but reserves the right to end any and all parts of the promotion at any time. The promotion will not be open to users in the United States.
“Swarm prioritizes both its community and the product that community is building. We feel that a significant airdrop of a token that has immediate utility in building the Swarm platform, rather than as just a speculative asset, will be an aggressive driver of both that community and its product,” said Pieper.
With a structure similar to a co-operative, Swarm Fund is owned by members who determine the direction of the platform and network through a liquid democracy governance system. By leveraging Artificial Intelligence and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of built-in funding.
For more details about SWM March Madness 20/20, please go to https://swm.by/MarchMadness
About Swarm Fund
Swarm Fund is the blockchain for private equity. Swarm is creating a unique market infrastructure built on blockchain technology that enables investing cryptocurrency into real assets and deploying traditional capital into crypto markets in a new way. Swarm is built for: Crypto Investors who want to de-risk their portfolios, Family Offices looking for a more efficient way to invest into crypto and alternatives, and everyday retail investors searching for access to opportunities that were not accessible before. With a legal and regulatory framework compatible with institutional investors, automation to remove middle men, and prioritizing access for all, Swarm can streamline and help double the Private Equity industry from $2.5 trillion to $5T+ in the next five years.
Media contact: Swarm@transform.pr