Subscribe to Our Newsletter
Wednesday August 17, 2022
Bitcoin (BTC) $23,559.31   Ether (ETH) $1,853.45
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Vendor Technology

SWARM launches simple DIY security token issuance app

The SWARM app enables users to tokenize anything by create compliant digital securities on Ethereum, simply, using MetaMask...

Published by CryptoNinjas.net
10/23/2019
SWARM launches simple DIY security token issuance app

SWARM, an open-source tokenization network, has announced that its recently launched premium service, Swarm Capital is launching the SWARM app: a self-serve tool that is capable of issuing fully regulatory compliant digital securities or tokens.

Named for the nonprofit, open-source protocol that it’s built upon, the SWARM app empowers users to utilize the core feature list of the latest SRC20 smart contracts deployed on the SWARM Protocol, the open, regulatory compliant infrastructure for digital securities.

The SWARM app can be used as a “sandbox for security tokens.”

The SWARM app intuitively guides token issuers through a friendly UI, beginning by defining and configuring, then minting, and eventually issuing a fully regulatory compliant SRC20 security token. Token issuers have a choice of deploying tokens to Ethereum testnets (Ropsten) — and when they’re ready, mainnet deployment is just a few clicks away.

Simplifying The Process

A key objective of the SWARM app is to demystify the process of creating and issuing security tokens.

SWARM believes the token creation process has suffered from complexities — both from a technological as well as a regulatory perspective. Creating testnet security tokens allows prospective issuers to mint, issue, distribute, set transfer restrictions, employ various contract features, and experiment with a fully-featured and compliant security token, all without requiring any commitment in capital or real staking.

Regulatory compliance is achieved using SWARM’s uniquely simple approach. Token issuers simply whitelist addresses that are allowed to freely trade the token between each other, and greylist any addresses that are subject to any restrictions or rules needing to be checked or verified by the token issuer or an authority. Addresses that are in neither list are effectively forbidden (blacklisted) to hold or transfer the token until completing the specific qualification requirements for the respective token. Qualification is done using SWARM’s Investor Pass.

SWARM’s no-fee tokenomics means that security tokens can be created and issued on mainnet by simply staking SWM tokens into a smart contract. Retrieving a stake is done by decreasing the supply of the security tokens (sending them to a decrease supply function in the smart contract). Issuing on testnet simply requires mock SWM tokens (which can be provided by request).

“We invite anyone and everyone in the security token space (token issuers, advisories, journalists, investors, and those simply curious) to create testnet security tokens using the SWARM app today. There’s no obligation, and you’ll be helping us achieve our goal of having 100 testnet tokens issued in the first month. To advance the industry we are convinced that we need to get back into a state of iteration to bring forward the best use cases for security tokens. With today’s release, we are dramatically lowering the barriers and inviting the community to give it a try.”
– The SWARM Team

60
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Swarm Markets inks deal with Germany’s Volksbank to digitize bonds on Polygon

12/14/2021
Swarm Markets inks deal with Germany’s Volksbank to digitize bonds on Polygon

Swarm Markets, an open platform for the creation and management of blockchain assets, announced today it will be developing its first digital security in partnership with Volksbank Mittweida, a German-based bank. The first registered...

Read more

Swarm and RSK developing multi-chain distributed storage network

06/25/2019
Rif Storage Swarm

IOV Labs, an organization dedicated to the development of the RSK Smart Contract Network and the RSK Infrastructure Framework (RIF OS), today announced a partnership with Swarm, a distributed storage platform and content distribution...

Read more

Tokenization platform SWARM selects Copper for crypto custodian

05/15/2019
Tokenization platform SWARM selects Copper for crypto custodian

SWARM, an infrastructure provider for the issuance and trading of digital assets, announced today it has selected Copper as its preferred digital custodian. The integration of Copper’s solution will provide the institutional grade security...

Read more

Swarm partners with Monarch Blockchain to Support SWM and SRC20 tokens

09/15/2018
Swarm partners with Monarch Blockchain to Support SWM and SRC20 tokens

Monarch Blockchain, a cryptocurrency exchange, and payment system today announced a strategic partnership with Swarm, a blockchain for private equity. Through the partnership, all SRC20 security tokens, as well as the SWM utility token,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Brazil payment app PicPay launches new crypto exchange service with Paxos technology

Brazil payment app PicPay launches new crypto exchange service with Paxos technology

08/10/2022
"Move-and-earn" app STEPN to utilize LINE Blockchain for the Japanese market

“Move-and-earn” app STEPN to utilize LINE Blockchain for the Japanese market

08/09/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
New Serum powered DEX for Solana from Vybe Network launches

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version