What's the Big Deal about Natmin's Token Swap Deals?
Traditionally, a token swap, or token migration, in the cryptocurrency sphere is where a token is swapped from one blockchain to another. It is also referred to as a coin swap or coin migration. It is usually a process that requires much attention from the holders of the token as it involves changing the underlying blockchain upon which the token was originally based. Some of the most popular tokens that have gone through the swap process include Tron and EOS. It is common knowledge that many cryptocurrency projects begin on the Ethereum blockchain to raise funds and also serve as a platform to distribute their tokens. Some of these projects adopt the Ethereum blockchain temporarily while they build their own blockchain called mainnet. After they have successfully completed building their mainnet, they then move their tokens from the popular Ethereum platform to theirs. This is the traditional token swap in summary.
However, there is yet another token swap, which does not require all the technological process of the traditional token swap described above. This type of token swap is innovative and strategic. Such is the kind of token swap embarked upon by Natmin in recent times. Through these innovative token swaps, Natmin has been able to raise over $5 million USD for the project! A token swap each worth $1 million USD was signed with BitcoinBing, CAREONchain, and AgentMile, while a $300,000 USD token-swap worth was also signed with TeraWatt. Another great project with which tokens were swapped includes SinghCoin among others. This means that each of the equally great projects that Natmin has signed the token swap contract with hold NAT Tokens worth the equivalent amount signed, while Natmin also holds their tokens in the equivalent worth. In clearer terms, it means that Natmin holds $1 million USD worth each of BitcoinBing, CAREONchain, and AgentMile, and $300,000 USD worth of TeraWatt. The tokens agreed on for swapping are vested for a certain period of time.
So, what’s the big deal about these innovative and strategic token swaps?
Firstly, through these token swaps, Natmin was able to raise over $5 million USD and this counts towards the project development. All the tokens with which the swap agreements were entered into are very promising and disruptive projects, with a very bright prospect in the cryptospace.
BitcoinBing is a cryptocurrency exchange, with very awesome features such as token buyback, secure storage, and multiple currency pairs among others. Needless to mention how hot exchange tokens are on the market, signing a token swap deal with BitcoinBing is a very smart move by Natmin. This $1million USD token swap could just triple in the nearest future! The same applies to the rest of the promising projects. CAREONchain is the decentralized platform developed for the interaction between researchers, developers, and hybrid vehicle manufacturers. AgentMile is the world’s first decentralized commercial real estate leasing platform powered by Artificial Intelligence, while TeraWatt is a patent-pending, renewable energy blockchain startup that focuses on monetizing and driving the global Light Emitting Diode (LED) adoption.
Secondly, the strategic token swaps help create a smooth business partnership between Natmin and all the projects. For example, it will probably be much easier for NAT token to be listed on the BitcoinBing exchange in the near future and if necessary, Natmin’s escrow service can be adopted by any of the projects too.
Thirdly, the strategic partnership has brought about a broadened audience for Natmin as much as it has for the other projects too. Natmin is now more popular among the audience of the other projects and this can translate into more investments for Natmin. There are definitely hundreds of ICOs that are ongoing at the moment. Therefore, this kind of smart partnerships makes the Natmin project more popular and visible to cryptocurrency investors and enthusiasts.
Natmin is a decentralized escrow service company whose Token Generation Event is still ongoing. It is a game-changer in the escrow services industry. If you haven’t, do get your NAT tokens from https://www.natmin.io
