Planning to Swap your tokens on the 18th of October? Here are the Pros and Cons of SWIPE vs SWIPE.B
Hello everyone!
We are extremely excited for our token swap from SWIPE (ERC-20) to SWIPE.B (BEP2) which will happen this Friday, 18th of October 3pm GMT+8 on Tokenomy exchange. All you have to do is to keep your SWIPE (ERC-20) in your Tokenomy exchange wallet before the swap date and time and you will receive SWIPE.B (BEP2) which will be compatible for trade on Binance Chain which includes Binance DEX.
Before you swap your tokens, we wanted to take some time to discuss the Pros and Cons of each token so that you can make a more informed decision because this is a one way swap and all the SWIPE (ERC-20) tokens that have been swapped to SWIPE.B (BEP2) cannot be changed back.
Lets get started!
SWIPE (ERC-20)
Pros of SWIPE (ERC-20) — Ethereum Chain
- SWIPE (ERC-20) can be used to stake in Datavault which pays you for contributing your data in USDT. As Datavault is a fully decentralized staking platform, all tokens staked are managed via Smart Contract which can only accept SWIPE (ERC-20) tokens.
- SWIPE (ERC-20) can still be traded on Tokocrypto
Cons of SWIPE (ERC-20) Ethereum Chain
- Less liquidity as it can only be traded on Tokocrypto after the swap
- Long transaction speed and high gas fee
SWIPE (BEP2)
Pros of SWIPE.B (BEP2) Binance Chain
- More Liquidity as you can trade SWIPE.B on Binance DEX and Tokenomy
- Faster transaction speed and low gas fee
- All new roadmap developments will eventually shift to accommodate SWIPE.B
Cons of SWIPE.B (BEP2) Binance Chain
- Unable to stake on Datavault as it is run on smart contracts which cannot support BEP2. We are working to bring staking for SWIPE.B (BEP2).\
Conclusion
In short, SWIPE.B will have more liquidity but for now will not be able to be staked on Datavault. Once swapped from SWIPE to SWIPE.B, this action cannot be reversed.
For more information on the swap, do refer to this article here.
For any further questions, do join our Official Telegram channels!
About SWIPE
SWIPE network incentivizes users to share their data anonymously while providing data buyers with auditable data products while allowing users to know how their data is being used. All data transactions are strictly enforced with smart contracts which provides traceability and accountability. We are empowering users with more control, knowledge and privacy of their data and building a data sharing model that benefits them and the data buyers who now have access to a trusted source of data. It is time to restore trust and accountability to how data is used and handled.
SWIPE has successfully finished it’s IEO on the 18th of August. Thanks to all who contributed for your support! We are proud to announce that we have already been listen on Tokenomy and Tokocrypto and Binance DEX
Join our official community!
Homepage: swipecrypto.com
Facebook: Swipe
Twitter: Swipe
Blog: Swipe
Telegram (EN): Swipe
Github: Swipe
Blockpost: https://blockpost.app/
SWIPE Datavault: https://datavault.swipecrypto.com
