Swipe launches Ignition — Initial Wallet Offering Platform with SXP

Swipe
Swipe
Nov 27, 2020 · 2 min read
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Swipe is thrilled to announce Swipe Ignition, a platform designed for new projects to raise capital and to be listed on the Swipe Wallet app where they get instant liquidity and payment access globally. Ignition is an “Initial Wallet Offering” (IWO) that enables new projects to raise capital in SXP on the Swipe Wallet platform and where 50% of that raise gets burned. All qualified* Swipe users can access Swipe Ignition sales directly from the Swipe Wallet, once live, and must pay with SXP.

Swipe Ignition will give new projects access to a wide range of services such as listings, marketing, partnerships, liquidity, and more. We realize that burning 50% of an initial raise might be difficult for new projects that need the capital to build what they are aiming to launch. Swipe Ignition only onboards projects that do a 20%-30% private sale prior/during the public sale where these funds are used to build out the ecosystem. This enables the project to have sufficient treasury to operate its goals.

Joselito Lizarondo, Swipe CEO stated, “We are excited to give projects a new avenue to quickly go to market, get access to a wide user base, and become liquid to support their ecosystem and their own holders. The entire Ignition platform requires payments in SXP for the IWO public sale and half of these get burned to support the Swipe ecosystem.”

Basic Criteria:

  • Projects must have a private sale raise.
  • Projects IWO Sale max raise is $2,000,000 in SXP and could be less.
  • Projects can have private team members as long as all code/tokenomics are public/multi-sig.
  • Projects token must either be a ERC20 or BEP20 standard if mainnet is not live.
  • Projects token is audited.

Projects that are looking to get launched on Swipe via our Ignition platform can apply by emailing us at: ignition@swipe.io.

*Qualifed users are Swipe Wallet KYC’d users who do not reside in the following countries: United States, Philippines, OFAC Restricted Countries, or any region Swipe does not currently support.

Swipe

Swipe

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