If you still do not know anything about SwiftRewards, click HERE!
Third snapshot of SwiftRewards for tier 1, started at block 131,400 and ended at block 175,200. The ROI based on price action is appx. 0.59% for eligible addresses. To be eligible for SwiftRewards, you must have at least 1,000 SWIFT in your address and transact during the snapshot, without spending anything! This can happen automatically if your address stakes or has an active SwiftNode collateral. Alternatively, you can add to your balance by buying some, or send some of your balance back to yourself, as long as the transaction fee does not exceed 0.005 SWIFT!
As explained in the whitepaper, SwiftRewards is a mechanism to stablize the price by airdropping holders in bear markets. Although the airdrop does not fully compensate the loss in one's portfolio, it can still act as a powerful incentive to encourage us to HODL, especially during bear markets. Also, it's noteworthy to mention that not everyone can possibly swing trade in bear markets, and due to our ever-decreasing inflation, our price should eventually recover anyway! Given the math in our whitepaper and the fact that the price of SwiftCash has declined appx. 38% in the past month, holders are going to receive appx. 3.04% of our theoretical block rewards during that period, which as explained above is appx. 0.59% ROI for eligible addresses.
Total Amount: appx. 262,729 SWIFT
Eligible balances: appx. 44,304,455 SWIFT
Outstandingly killer shot :)
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This post is supported by $52.0 @tipU upvote funded by @msg768 :)
@tipU voting service: instant, profitable upvotes + profit sharing tokens | For investors.
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Love the graphic!!!
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I know right 😂
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I didn’t know this. I think I participated in the giveaway from the past but never got to checking my balance or attaining a wallet. Is swiftcash related to smart cash? I participated in that too but I don’t know the project continued or stopped. I notice that for months I wasn’t getting rewards on there
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If you participated in the giveaway, your funds should be accessable via @swiftbot. Creating an address is super-easy. You can either use our paper wallet or web wallet both of which are open-source and do not save your key. SwiftCash blockchain started with airdropping most SmartCash addresses about 8 months ago. To find out more about the details, feel free to read the whitepaper or join us on discord.
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Congratulations @swiftcash! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
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I hold SwiftCash in my exchange account. Is exchange wallet also available for holding reward?
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Nope!
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Your level lowered and you are now a Red Fish!
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Congratulations @swiftcash!
You raised your level and are now a Minnow!
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