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: 3,000,000 (3m)
Allowed Inflation Rate: 1% p.a.
Blockchain Address: 0x872411be80f2984af3ad53a23ee7e80c944c3091
Treasury Address: 0x86471665E962F9169b7B621C9f51c88E6A1D618a

Ethereum Network

ERC-20 Standard

binance-coin-bnb-logo

Binance Smart Chain

BEP-20 Standard

Supply Burning Notice (01/03/2021)

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, subsequently reissuing these tokens on the Binance Smart Chain as BSAPG tokens. Our users can migrate to the Binance Smart Chain at any time, for free, using Nova Bank's platform.

Supply Burning Notice (02/03/2021)

On 22 March 2021 the Treasury has burned 392,550 BSAPG tokens (on Binance Smart Chain) as a result of unsold tokens in our presale round. These tokens were permanently burned, taking the total token supply (at the time) down from 3m to 2.6m.

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.