2021 in Review at Swash

Jan 1 · 7 min read

Swash won 2021, becoming the world’s biggest data union and getting even closer to democratising the new data economy!

Launching as one of the biggest decentralised applications of the crypto world, Swash has attracted leading experts to our mission and preparing our gears for a 2022 full of growth!

This year was full of achievements, from successfully closing an oversubscribed IDO and launching the $SWASH token, to attracting 220K+ people to the world’s leading Data Union.

Let’s delve into the major milestones of 2021 and discover more about what’s in store for 2022.

💚 New Swash App release propels the Data Union movement to 220K+ members

Swash started 2021 with around 5,000 Data Union members experiencing the first glimpses of a new data economy.

Throughout the year, the team focused on developing the new version of the Swash App, set to take the Data Union to the next level. In November, the Swash App relaunched with a fresh design, more use-cases, referral programs, and partnerships to make withdrawals cost-efficient and green.

Together with the success of funding efforts, media exposure, and technical development, the Swash Data Union now empowers more than 220K people to take control over their data while receiving their share of earnings in $SWASH for its value.

The updates on the app don’t end there, with a full roadmap ahead for 2022, plus the launch of the in-app donations feature — Data for Good!

⚡️ Monumental IDO raising $19M in October

The lead-up to our IDO led Swash to raise over $7 million from leading Web 3 investors and crypto companies, including Outlier Ventures, KuCoin, and Streamr.

With the public sale came the issuance of the Swash native token — $SWASH — to gather the community around our mission while creating aligned incentives for the Data Union to flourish.

The oversubscribed pre-public sale rounds showed investors’ belief in the Swash movement and vision of a decentralised data future. Over 45,000 people applied for the chance to become Whitelisted in our IDO. During the public sale, 1,429 people became the first $SWASH holders, with Swash raising over $12 million in total at the end of October.

💚 Launching the Swash token: The de facto token for the new data economy

The Swash token is an integral part of the ecosystem. Data Union members receive $SWASH for sharing their data while browsing online.

$SWASH will be the gateway for our future First Wave solutions — sIntelligence, sCompute, and sApps — reshaping how people and organisations of all types deal with data.

The payouts and incentive systems designed in all of Swash’s solutions have our native token at the centre, revealing its crucial importance in the ecosystem.

Beyond the collaborative nature of the Swash landscape, token holders have a variety of use-cases, including staking or through popular centralised and decentralised exchanges.

You can already trade $SWASH on leading exchanges:

🔥 Grow $SWASH as a community with the launch of the Swash DAO Ignition

Swash recently introduced an array of tokenomics-based burning mechanisms.

Swash will burn 10% of its total supply (100 million $SWASH), taken from the Ecosystem & DAO Growth and Community & Platform Rewards pools.

Swash Smoke — the series of campaigns to burn $SWASH in 2022 and beyond — will give the community the power to trigger different token burning modes and to launch the Swash DAO.

One of the biggest updates in 2022 will be the launch of the Swash DAO, giving the community voting power on key decisions in the project.

The launch of the DAO will be kickstarted by the DAO Ignition Fund, a campaign designed to boost $SWASH token adoption and to attract as many DAO members across chains as possible. Stay tuned for more updates on this in the upcoming weeks.

🌎 First Wave Solutions set to reshape the data industry for people and businesses

2022 will mark the expansion of the Swash ecosystem, from the Data Union to a product suite targeting businesses by offering high-quality, zero-knowledge, and private data.

sIntelligence is one of the first solutions being developed, introducing a Web 3 dashboard for high-quality metrics for businesses. sCompute will target data scientists wanting a next-generation platform for complex computations, bolstering novel research and innovation.

Between the collaboration of people and business within the Swash ecosystem sits sApps, the interconnected suite of applications in the market intelligence space (e.g., surveys, polls, recommendations), offering more-use cases for business and rewards to people.

The first version of Swash First Wave solutions will become live in 2022, among many other updates coming.

🌐 Ecosystem partnerships to drive the movement: multi-chain, cost-efficient, and green-conscious

Swash is backed by leading companies and investors, including KuCoin, Outlier Ventures, Streamr, Parsiq, Jsquare, and DFG.

Beyond funding efforts, Swash has partnered with companies building the decentralised data infrastructure since inception. Swash was one of the first Data Launch partners of the Ocean Market and also partnered with other leading Web 3 projects such as Chainlink, Boson Protocol, and IoTEX to advance the future of data as a collective.

Recently, Swash has gone cross-chain, supporting scalable networks like xDai and Polygon to offer Data Union members a cost-effective, green-based, and fast solution to withdraw Swash tokens.

Swash was also part of the CoinList Seed Fall 2021 batch in October alongside other NFT and DeFi projects shaping the future of crypto.

📺 Streams of community events, panels, podcasts, AMAs and more

2021 was full of new partnerships plus loads of activity across forums, podcasts, and events.

In early 2021, we joined the World Ethical Data Forum to explore the future of crypto and data.

Throughout the year, we participated in many AMAs to spread the message about Swash and to reach new audiences.

It’s part of Swash’s ethos to take part in discussions that can move the sector forward alongside its partners, such as in the recent panel at Diffusion Digital.

As well as industry events, Swash also joined IoTeX’s Ecosystem Spotlight, together with Cartesi, Covalent, IoTeXPad, and Blade Warrior, discussing the scalability of crypto’s infrastructure.

Next year will see even more community-oriented events and new communication channels and collaboration between Swash’s ecosystem partners and growing community.

🗞 Swash tremendous progress picked up by leading media and research outlets

As a leading example of what a new data dynamic could look like, Swash has caught the eye of many media outlets and researchers this year, being featured as a prime example of a ‘ bottom-up’ data institution by the Open Data Institute (ODI) and featured in pioneering research by the Mozilla Foundation that determined the need for “killer apps” if we want to create sustainable Data Futures.

The top crypto media publications have been closely following Swash’s success. Here are some of the best features of the year:

🌟 Gathering an all-star realm of experts as advisors to Swash

An ambitious roadmap for 2022 and the staggering metrics achieved over 2021 has caused the team to expand grow across the board. The team has welcomed 4 new team members in the last month to support business development, marketing, and product management.

Swash also proudly welcomed many new advisors and partners as part of an all-star roster of leading experts across the data, crypto, and investment fields.

Swash’s advisors include Lety Kemp, Bruce Pon, Henri Pihkala, Gilbert Hill, Ioana Surpateanu, Matt Law, and Mathilda Bosch, who are experts in data, crypto, and privacy sectors. More recently, Hannu Verkasalo and James Falero joined to support with business development and finance.

⚔️ A special thank you to the Swashbuckler community

The year couldn’t end without a special thank you to the entire community supporting Swash. Now, with more than 220K+ Swash app members, more than 120K people on Twitter and 80K+ community on Telegram, interacting with us daily and supporting our mission.

Thank you to everyone who made this year so special. Get ready for a huge year ahead!

Happy New Year from Swash 🎉

About Swash

Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.

People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.

As the world’s leading Data Union, Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.

Let’s connect: Twitter | Telegram | Reddit | LinkedIn | Website | NewsletterOriginally published at https://swashapp.io on January 1, 2022.


Reimagining Data Ownership