Swaap Governance

Swaap Governance (SAPG) is our governance token, and can be used to vote on our governance pools and decide on important coding and platform updates.

Token Information

Name: Swaap Governance
Ticker: SAPG
Decimals: 4
Initial Issuance: 1,500,000 (1.5m)
Allowed Inflation Rate: 1% p.a.
Blockchain Address: 0x872411be80f2984af3ad53a23ee7e80c944c3091
Treasury Address: 0x86471665E962F9169b7B621C9f51c88E6A1D618a
0xTracker: Visit Website

View BEP-20 Version

Supply Burning Notice

On 1 March 2021 the Treasury has burned half of the total supply of SAPG on the Ethereum blockchain, bringing the total supply (at the time) from 3m to 1.5m tokens. The ERC-20 tokens were burned to be reissued as BEP-20 tokens on the Binance Smart Chain. The decision to expand our platform to Binance Smart Chain was due to excessive transaction fees on the Ethereum network, which we consider very detrimental to retail users operating small transactions, and wipes away most of the benefits and advantages that our platform aims to provide to these small retail individuals. We encourage all our users to migrate to the Binance Smart Chain, and we will allow all token holders to convert their balances for free, using Nova Bank's platform.

View Burn Txn

Description

Swaap Governance tokens can be used to vote on our governance pools and help on shaping the future of the Swaap platform. Differently from our utility tokens, SAPGs have a fixed maximum allowed inflation rate of 1% per year, which means that only 1% of the total supply can be minted every year, and the decision of rather or not to use this right, will be subject to the result of a governance pool, conducted yearly.

Tokens Initial Distribution

The governance tokens will be distributed throughout the initial stages of the project and the yearly minted inflation tokens - if any - will be sold to the community through decentralized exchanges.

10%

Staking & Bounty Rewards

Used to pay for the bounty campaign and staking rewards.

15%

Founders & Early Supporters

Tokens to be distributed to founders and early supporters.

16.5%

Seed Investors & Venture Capital

To be sold during the presale round. Any unsold tokens will be burned.

16.5%

Project Costs, Research & Development

Will be used to pay for R&D and general expenditures.

42%

Community & Broad Market

To be fully distributed to the community.

Governance Platform

Our governance platform is where you will exercise your voting rights and will be able to interact with another governance token holders to share and discuss topics related to the future of this project. The platform will be launched and available to the public on Q4 2021.

Price and Trading

All pre-launch tokens had their price set by us, but we won't exercise any kind of price control on the free market. After these tokens reach the open community, you will be able to trade, buy and sell them for the price you see fit.

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