This is our dream for a future enabled by Swapy Network: A world of efficient credit markets, with no barriers to entry for new players, where consumers have the power and reap the benefits of Universal Access to Credit.
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | ETH |
| Circulating Supply | 50% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
Bonus
About
Swapy Network is a decentralized protocol that aims to connect the various participants within the financial industry: (i) borrowers, (ii) creditors, (iii) insurers, (iv) data producers, (v) data consumers, and others. With Swapy Network, individuals and/or companies are able to offer or consume services and collaborate within the ecosystem to decrease the prices of financial services, all the while being more inclusive of new entrants in the financial industry. The fees to operate in Swapy Network will be charged in Swapy cryptographic tokens (SWAPY). This way, token holders will have access rights to use the Swapy Network, benefiting from and contributing to it, and receiving tokens in exchange. This section provides an overview of the Swapy Token, the proposed D’Apps, and the protocol itself. How does Swapy Network aims to solve the problems of access to credit?
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It facilitates offers of credit in order to lower the costs of capital.
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It eliminates information asymmetry between participants through a commonly shared and updated data network.
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It provides better data so that credit companies can make better lending decisions and offer lower rates to good clients.
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It encourages lower cost capital and better information which can reduce entrance barriers for new companies.
