Your annual fees will be 1% of the amount raised, payable in SWM
SRC20 defines a common set of rules that a security token must follow, and gives developers the ability to build applications that utilize the properties of tokenized assets. Applications built in the Swarm ecosystem can communicate with each other and pay for transactions using SWM, an ERC20 compliant utility token. Investment platforms, asset management suites, and crypto exchanges are examples of the types of applications that can be built using the SRC20 protocol.
You’ll be invited to open a free Syndicate Manager account and create your SRC20 token. At this time you’ll provide further detail — your soft and hard caps, your funding period, legal documents and creative assets — and submit your project to the Swarm community for vote. Your token automatically goes live for funding as soon as it is approved by the community. Engage with potential investors in Telegram, our Community forums, and on the Swarm Invest platform. You’ll have plenty of opportunity to talk about your project and its potential.
As soon as the soft cap is reached, you have access to the funds. Now you can launch your project. Your annual fees will be 1% of the amount raised, payable in SWM. Your investors receive unique tokens representing their investment in your project, entitling them to returns, voting rights and any additional token holder benefits you determine. Keep your investor community informed via status updates, video, and any other applicable documentations like independent valuations, all done through the Swarm Invest platform.