Swarm Markets ICO

Swarm Markets

Swarm Markets is the world’s first licensed high-liquidity DeFi protocol — the convenience and transparency of DeFi with the confidence of financial market compliance.

ICO Details

Status
Past
Starting date
July 21st, 2021
Ending date
July 28th, 2021
Whitelist
Yes
Token Sale Hard Cap
$ 4,250,000
Token Sale Soft Cap
$ 250,000
Token Symbol
SMT
Token Type
ERC20
Token Distribution
Reserve - 20%
Community Pool - 10%
Token Sale - 20%
Rewards Pool - 50%
Initial Token Price
1 SMT = 0.10 USD
KYC
Yes
Participation Restrictions
https://docs.swarm.markets/getting-started/faq#limitations
Accepts
USDC
Features

Swarm Markets is the world’s first licensed DeFi platform. Regulated by Germany’s Federal Financial Supervisory Authority (BaFin), Swarm Markets makes it possible for institutional investors like banks and hedge funds as well as retail investors to trade and stake tokens based on all kinds of real-world assets, such as NFTs, commodities, and traditional market securities as well as crypto.

The licenses granted by BaFin also mean Swarm Markets provides the same level of governance and accountability as traditional financial institutions.

Swarm Markets’ initial release allows users to swap cryptocurrencies like ETH, BTC, DAI, and the Swarm Markets payment token SMT. More assets, including regulated securities will be added after launch and asset custodians will be able to leverage Swarm Markets’ licenses to issue new tokens and instantly create high-liquidity trading pools directly on the platform.

Users who make their crypto available to trading pools earn a share of transaction fees in return for being liquidity providers. SMT provides further incentives to platform users such as 50% transaction fee discounts and weekly bonus rewards for liquidity providers.

The Swarm Markets platform is ready for launch directly after the public token sale closes. Onboarding for the token auction qualifies users to begin swapping, yield farming, and liquidity mining directly after the platform launches.

SMT purchased during the public sale can trade anywhere without restriction.

Core Team


Philipp Pieper
Co-Founder


Timo Lehes
Co-Founder


Peter Schott
COO, Chief Compliance Officer


Dr. Wolfgang Richter
Chief Council


Katie Evans
Global Head of PR and Communications at Swarm Markets