SWAPBlocks is a decentralized asset management and exchange platform built on a Delegated Proof of Stake (DPoS) blockchain.

Most of swapblocks’ competitors are DAPPs on the Ethereum network. As a full blockchain protocol, we provide SBX holders decentralized power over the network and a sound tokenomics model. The swapblocks consortium model is also a much more efficient way to manage compliance and transaction governance compared to simple smart contract governance. Additionally, the swapblocks protocol will incorporate native decentralized exchange (DEX) functionality. This isn’t meant to exclude other exchanges, but it will remove reliance upon them.

Swapblocks can be used to list any asset that requires a chain of custody. Our main value add is the ability to send private forms along with each transaction. The ability to send arbitrary data through swapblocks allows users to build one data conversion process with swapblocks instead of building a separate process for each client system the issuer interacts with. Some examples include equities, bonds, derivatives, real estate, fund shares, stable coins and crypto-proxy tokens.Simple utility tokens may be better served by other platforms. Other use cases can be found in the white paper.

Anyone can operate a routing node and/or seek election as a delegate. Joining a consortium will likely require differing processes for various markets, depending on the regulatory requirements for the asset type in a given jurisdiction and the type of data required in the consortium data packet for transaction validation. Municipal nodes are issuers of a tokenized asset on the protocol and may be a consortium member for a given market as well.

Holders of SBX vote for delegates they believe will benefit the network. Each SBX will allow for a specified number of votes (to be determined), which the holder can allocate to one or more candidates. Anyone can seek election as a delegate. Delegate candidates are encouraged to publicize their platform. SWAPBlocks will strive to foster a competitive delegate environment where competition results in the most qualified delegates. Should delegates not perform their duties appropriately or fail to deliver on their campaign promises they can be replaced via the same voting mechanism.

We announce bounties on an as needed basis. If you would like to participate please join our discord channel and check the #bounties channel periodically.

Delegates can promise a wide range of incentives to voters, but a couple examples include 1) Reinvesting block rewards and/or transaction fees back into the network via a development fund or bounty program, and 2) Returning a percentage of block rewards to users who voted for the delegate.

Block rewards incentivize delegates to secure the network. This is an integral part of the blockchain protocol. As such, the uncapped supply simply allows for delegates to continue receiving block rewards into the future. After the initial distribution of coins in the genesis block, there will be no new coins minted except those released via block rewards.

Anyone can create applications or establish businesses on the protocol. Some examples include trading platforms that link to the SWAP DEX, stable coin issuers, and KYC/AML/Accreditation providers that manage white listing for consortiums/municipals.

Yes, you can operate multiple node types simultaneously.

Details of the public sale are still being determined. The regulatory environment around token sales is unclear. We will release more details around the public sale and investor eligibility as we move closer to launch.

At this time, we plan to run the pre-sale under US Reg. D rule 506(b) exemption. This exemption mandates that investors must be accredited. Coins will be sent directly sent to your SBX wallet after verifying your investment eligibility and receiving payment.

The airdrop will take place sometime after the pre-sale has concluded and the bounty program has launched, but before the public sale. Specific dates will be announced once determined. The purpose of the airdrop is to improve network effects and reward supporters of the network.

Yes, SBX coins allocated to swapblocks, Inc. or management will be subject to a 36 month waterfall escrow beginning at the start of the main net launch.