Swarm, 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 the promotion “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 has three segments:
- 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 referring a new user who successfully completes KYC verification will earn a referral bonus of five SWM for each new user sign-up.
- 20/20 Airdrop: The largest segment of the promotion, the 20/20 Airdrop, will give a 20 per cent 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).
SWM March Madness 20/20 campaign began Mar. 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,” Mr. Pieper added.
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 AI and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of built-in funding.
Click here for more details about SWM March Madness 20/20.