Swipe & Cannon — Ignition Sale
2 min readJan 9, 2021
About Cannon
- Cannon is a permissionless and decentralized layer that enables cross-chain digital asset interoperability between various blockchains. Cannon is powered by Cannon Token (CAN) which enables users to run nodes and participate in protocol governance.
- The first digital asset to become interoperable on the Ethereum and Binance Smart Chain will be: Bitcoin
- Bitcoin will be available on both Ethereum and Binance Smart Chain via Cannon BTC (cBTC).
- Cannon is a fork of the Republic Project (REN) with no founder, team, or advisor token allocations.
- Node operators earn their portion of fees collected for minting and claiming of digital assets.
- Cannon Token (CAN) will be available on Ethereum and Binance Smart Chain as ERC20 and BEP20 tokens.
- 1B Total Supply/Max Supply with no inflation schedules.100M available for public sale and 900M available during private sale.
- Learn more by reading the Cannon White Paper
Swipe Wallet Ignition Public Sale Details
Swipe Wallet will be conducting the public sale for Cannon with details as shown below:
- 100,000,000 CAN available for sale at $0.02 per token. Max Cap of $10,000 USD per Swipe Wallet verified user.
(Excludes USA and OFAC restricted countries) - 800,000,000 CAN has been sold via private sales at $0.02 per token. These are restricted for sale for 1 year but may be used on decentralized finance protocols immediately.
- Public Sale will be on January 14, 2021 at 00:00 UTC on the Swipe Wallet App. Users will see the CAN token as an additional asset on their Wallet which they may be able to purchase at a fixed price of $0.02 with SXP ONLY.