SwapyNetwork: Analaysis
Overview and Statistics:
- Credit Dream inc. incorporated in November 2014.
- A very solid and diversified team of nine people with great educational backgrounds (mostly Harvard and Stanford).
- Company aiming to solve problem of access to credit.
- Many accomplishments including being selected to pitch on Consensus 2017 and also raising 500,000$ in an angel investment round.
- Comprehensive legal research conducted with three legal advisors.
- Loads of press coverage.
Problems and Solutions:
2 Billion people do not have access to credit because of:
Information Asymmetry (complex and expensive infrastructures to ensure security and privacy)
The high cost of capital (lending in developing nations is expensive)
The high cost of conglomerates (people on bottom of pyramid cost too much)Clients consuming credit is increasingly becoming digital
Increase offer of capital which leads cost to decrease and new companies to enter
Data efficiency, shared and updated network will remove asymmetry for users.
Swapy Network Token: (SWAPY)
Swapy token is a utility token used for
o Swapy financial ID (credit history, secure + control)
o Swapy Exchange (fundraising for lending companies) done through smart contracts, eliminates difference in expected investment return between different nations.
o Swapy Data market (control over data no matter entity size)
o Circular Economy (New users can provide products and services for tokens)Token distribution (100,000,000 SWAPY)
o 50% Initial Coin Offering
o 15% company’s stockholders
o 15% company’s endowment
o 10% partners and advisers
o 10% external development fund6 months lock up for partners and advisors.
Hard cap: 30 million dollars.
Presale estimated to start on the first week of March.
Personal opinion: good project overall, bringing a lot of different solid ideas together, team looks a bit small for that much work but they have a lot of Git hub activity.
