SWIP-08 Voting Ends

The SWIP-08 governance vote has ended and the results are in! 99% of SWD token holders voted to permit $11,000 in Treasury SWD tokens to be spent for the development of a white label product.

This will allow us to move forward with the development of our flagship institutional product and bring it to market quickly. We want to thank all of our supporters for their help and input throughout this process!

The Results

A total of 33 governance members with 62,146.29 SWD tokens voted in SWIP-08 with 99.06% voting “Yes” and 0.94% voting “No”.

SWIP-08

Discussion On SWIP-08

The community came to a consensus about the pricing of these funds and the approach of a white label versus a public marketplace. They decided that individual investment communities would streamline fee generation as opposed to a public marketplace. Additional questions were asked about how the SWD tokens would be priced, which is to be priced weekly at the time of payment. Other questions were raised about the pre-payment versus payment after completion. Overall, the funding of $11,000 for such a powerful potential product gained widespread community support.

Moving Forward

We are pleased to announce that we will be rolling out our new white-label investing product to larger communities beginning August 1st. This product will be in development for 4 weeks, and we have been working diligently to ensure that it is fully functional and meets the needs of our customers.

We will soon be Beta testing the platform with smaller investment communities to address any concerns early on. With this product, we will be able to provide our customers with a simple, easy-to-use investing platform that offers a variety of features and benefits. We are confident that this product will help us to better serve our customers and grow our business.