The power of the swarm…. Swarm, a blockchain for private equity platform, has revealed a “major update” to its live Swarm Asset Management Network Alpha. There are 100,000,000 SWM tokens in circulation. With this release, Swarm Fund token (SWM) wallets are now integrated with the Alpha Platform. SWM token holders can now also start voting on foundation-level decisions via the Swarm Liquid Democracy Voting Module (LDVM), powered by SecureVote.
“We’re delighted to go live with this version of the Swarm Asset Management Network nearly a month ahead of schedule,” shared Swarm Co-Founder and CEO Philipp Pieper. “Items like an integrated wallet and a dedicated governance module are crucial to further molding the Swarm product based on the community’s desires.”
The new voting module will initially be non-binding, designed to help Swarm token holders become familiar with how voting and governance works on the platform. Items on the ballot include a survey of which types of investment opportunities the community would like to see on Swarm. Voting is now live on vote.swarm.fund.
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“Swarm provides the perfect use case for blockchain-based voting,” SecureVote co-founder added Max Kaye. “We are pleased to provide the vehicle through which Swarm’s users can help guide the governance of its platform.”
Other new features on the Swarm Asset Management Network Alpha include the integration of a ballot discussion module, a new claim process for airdropped SWM tokens, and a real-time optimized coin price integration based on input from multiple exchanges around the world. Swarm aims to make traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the Swarm by pooling together smaller investments into larger, institutional-sized blocks. Swarm gives fund managers access to capital from a new class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. By leveraging AI and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of funding built in.
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“Our goal is to make this process of crypto investment into real assets easy to deploy and frictionless not just for Swarm Fund, but for other developers who want to use Swarm tokens to create their own projects in the future. The first wave of crypto was transactional, with bitcoin,” Pieper told Crowdfund Insider via email. “The second wave, via Ethereum, saw the rise of smart contracts. The third wave will come from bringing the worlds of traditional and crypto finance together, via asset-backed cryptocurrencies. Crypto markets have hit US$100B on the underlying potential of the platform technology. But what will bring these markets to over US$1 trillion is the introduction of real assets and partners from the existing financial industry. Swarm has both the partners and team to deliver on this US$1 trillion potential.”